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What business can I start with small amount of money and earn good return?

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Avatar for Mike23
Written by   1
3 weeks ago

One common question that I am always asked by prospective entreprenuers over the years as a business consultant is ," what business can I start with this amount of money?" 

*What business can I start with this amount of money?*

People are always looking for ideas but it seems to be scarce.

In essence, every prospective entreprenuer seeks business ideas that would be successful and can turn out to be one a multi-million dollar company

Ideas are very valuable. Most successful entrepreneurs know the value of an innovative business idea.

*Companies become more successful or get bankrupt due to the presence or lack of new ideas.*

  *Most times greatness in business don't come because of your education, your family background or your nationality but due to the quality of your ideas* .

Bill Gates, Jack Ma, Mark Zuckerberg, Larry Page and Sergey Brin are billionaires not because they are the smartest among their contemporaries, but  because they got great business ideas.

Therefore, getting the right ideas makes most of the difference in wealth creation and business success.

*If you can learn how to identify and generate innovative ideas you will be distinguished in life and this can change the narrative of your future.*

So, today, I will teach you few ways to unlock your creativity so you can begin to develop innovative business ideas.

*1. Be open to new ideas:*

If you are not open to new ideas, you can't get innovative business ideas. many people cannot get great business ideas because they are too rigid to change and they have a mindset that is opposed to any change.

They are stereotypes who believe that things must be done in the same way it was done decades ago. These set of people are not flexible and they tend to resist change. 

*If you are ever going to unlock your creative mind you need to be flexible, you need be open to change and new ideas and you need to be ready to try out new ways of doing things.*

Don't allow your past experiences to limit your thinking. While brainstorming for business ideas and possibilities, if you only take into consideration what worked in the past, you might get stucked with old ideas.

*If you want to develop innovative business ideas you need to start thinking about how to bring up solution for the future and not solution for the past.*

While looking for business ideas, don't get satisfied easily with the first set of possible solution that comes to your mind. Instead you need to develop as much business ideas or solutions as possible in order to give room for new innovative ideas other than the usual or common.

*There are enormous amount of ideas that are yet to be known or tapped, but not until you give room for the unusual, the new ideas won't come to your mind.*

*2. Most big business ideas come when you are busy working on existing ideas:*

Ideas don't come to the idle mind.

Facebook wasn't the first app created by Mark Zuckerberg. However while busy working on other existing ideas the revolutionary idea of Facebook came up.

Therefore *great ideas are created based on your life experiences and to get them you should be actively doing something right now, you should be making efforts and trying your hands on the ideas you already have at the moment.*

*Start working on the business ideas that you already have and with the amount of capital that you have at the moment.*

Doing this will help you to start learning the various important aspects of business management like: marketing, budgeting, customer service, selling, promotion, accounting, bookkeeping, partnership etc.

Then, when that big revolutionary idea come, you would have already acquired the needed skills and experiences to make it a success.

*3. Start asking the "what if" questions:*

Asking the "what- if" questions can help you to generate innovative business ideas and it is a trigger for business revolutionary ideas.

*To develop land mark ideas, you need to start challenging existing norms and trends. You need to open your mind to think in terms of the opposite of what is already in existence.*

For example, here are some "what-if" questions you can ask yourself in order to unlock new business ideas:

* What if all physical markets cease to exist? Or how can people do business if all physical markets cease to exist?

What if we don't have to queue up on polling booths to vote? Or what products can I develop so that voters can cast their votes from their homes without having to come to any pilling booth?

*What if cars can fly?

*What if hospitals become mobile?

*What if supermarkets become mobile?

* What if banks become mobile?

* What if all a hotel can exist within staffs?

* What is we have petrol stations without attendants?

What if the hotel can exist without staffs?

These are just a few of the questions you can ask.

There are many more questions you can ask yourself to unlock creative business ideas.

Think about this

*Some years ago, people had to go to banks and queue up to collect money from the counter until someone thought of the ATM machine.*

*You need to start asking the right questions in order to open up your subconscious mind to new ideas and possibilities* .

Ask as much questions as possible and in different ways and directions until you get new insights and possibilities.

*You need to think and challenge the status quo in order to be innovative.*

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Avatar for Mike23
Written by   1
3 weeks ago
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