Discovering the Idea That Earns You Millions

We are in a virtual global in which nearly the whole lot is incorporated into a unmarried device of the sector wide web. We are in an era wherein we do not should have a shop to promote our merchandise, an generation in which we do not ought to meet to communicate, an generation where we do not always want to comply with the traditional door to door technique to put it up for sale our products however rather an era where everything is carried out in a easy and faster way.

With the high rising stage of graduate unemployment in Nigeria, I began to think about the way out as I will quickly be graduating from the University. Then I recalled taking note of speaker on the World leadership forum emphasizing the announcement “You don’t want capital, what you want is an idea”. I began to brainstorm about the announcement for the reality that I am scared to be an unemployed graduate like the millions who’re yet to secured a activity.

However with time, I commenced to understand that the leading world entrepreneurs by no means began with a capital but as a substitute an concept. Bill gate the richest guy in the global in no way did start the Microsoft with an a massive capital however instead his concept, Mark Zuckerberg the Facebook CEO who’s also the fifth richest guy by no means start the Facebook with capital however instead an idea, Steve Jobs who’s also a Co-founder of Apple begin the business enterprise to revolutionalize the smartphone enterprise with simply an idea, Jobberman turned into created out of an concept, Linda Ikejis blog changed into created out of an idea and actually each suitable commercial enterprise that developed right into a multimillion dollars became created out of an concept.

To look further into it, I observed that capital is simpler to get however no matter how large a capital is, with out a terrific idea the capital is a waste or may be misplaced whereas a very good idea is tough to locate and by no means can it’s misplaced. So the query remains how do you discover a multimillion bucks idea. How do you break from the chain of unemployment in Nigeria. Below is a five tips to discover that enterprise concept as a way to change your existence for all time.

5 TIPS TO DISCOVER A GOOD BUSINESS IDEA

1. OBSERVATION: To find out an awesome enterprise idea, one has to take a look at matters and occasions round him. As you wander inside the land of observations you want to be able to perceive what humans do often, what demanding situations they face on a each day basis, what they want, how they need their needs to be met, while and wherein. As you have a look at an ask your self all this questions you ought to be able to perceive the manner out.

Steve Jobs will frequently go to the park to take a look at how human beings listen to song, Mark Zuckerberg possibly located what if he and his friends do not necessarily should meet on a each day basis however rather connect on-line to gist and proportion pics, JOBBERMAN knew people post their CV and alertness letter without delay but what if they can do it on their behalf.

So the maximum essential element in discovering an concept is to examine the market you’re interested by, how do they go about doing their organizations, is they some thing that desires to be readjusted and plenty of more things.

2. IDENTIFY A PROBLEM

Your observations may be futile and needless in case you are but to become aware of a trouble in the manner people conduct their commercial enterprise. Idea can simplest be realised out of the choice to offer solution and better services to people. JUMIA and KONGA observed a trouble in advertising, so they devise an internet marketplace where you’re making purchases and get it delivered for your door steps, if you are yet to find out any problem that wanted o be resolved then you are a long way from identifying a multimillion greenbacks idea.

Three. OFFER A SOLUTION

Now that you have determined the trouble inside the manner people behavior their enterprise as an entrepreneur, you need to provide an answer that fills that gap or void of unsatisfaction within the customers of such marketplace. This can come by means of reading books and substances related to that area of interest of enterprise.

4. MAKE A FEASIBILITY STUDY

Have you discovered that concept you suspect may fetch you millions, you should not simply ventured fully into it however as a substitute make a feasibility look at to examine if that solution you’re to provide is viable. This entails probably getting ready a survey or a questionnaire to listen the perspectives of your capability customers about the provider you are about to offer and the way they feel approximately it. You must but delink your feelings from the answers you received.

5. IMPLEMENT YOUR IDEAS

This component has to do with the financial thing for your concept. Don’t panic, they’re a number of folks who may be inclined to sponsor your idea in the event that they determined it superb and feasible. You can gain loan from the financial establishments here (Guaranty believe bank, Access financial institution, Diamond Bank etc) right here in Nigeria at a minimal interest charge, however all you need is a superb business plan.