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9 Ways For Entrepreneurs To Develop Good Ideas

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All good businesses start with an idea. But to press on, and to be able to pivot with what the times bring, requires a steady stream of ideas. Blogging and finding new ways to reach your audience can also require ideas.

These ideas are the lifeblood of business, and coming up with good ideas is no small feat. It can be frustrating, and people can often become blocked. Below are nine strategies for keeping those ideas flowing – even when you may feel blocked or frustrated. Sometimes all we need is a slight tweak to our routine.

Here are 9 ways to develop good ideas:

1. Talk with new people

Do you have a mentor? Are you in a mastermind group? Do you have people you go to when you typically feel stuck on a certain problem? Talk with these people and seek out a new perspective. But you don’t have to stop there. Start cultivating a list of people you’d like to connect with and take that first step. This isn’t the time to be shy. Reach out and see how you might be able to benefit each other.

 

2. Change of place

I fully admit it, I am a creature of habit. I do have a home office, but I often feel isolated there. So I do a lot from a nearby coffee shop. My pastor is fond of saying: “Change of place plus change of pace equals a change of perspective.” He’s not wrong. Even if it’s once a month, or once a quarter, go find somewhere new to work. Maybe save it for a day when you are concentrating on your own business, or have a project you’re feeling particularly stuck on.

“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.” – Dr. Seuss

3. Don’t be afraid of your bad ideas

Some people are naturally good at developing good ideas. But you know what they have even more of? Bad ideas. That’s right. They just aren’t necessarily shared. Don’t be afraid of an idea that isn’t a quick home run. Just always be generating ideas in general. The good ones will come, and your gut will tell you which ones to stick with.

James Altucher writes constantly about the idea of jotting down 10 ideas a day. Not all of these are winners, and not all will take your business or your life to the next level. But if you’re not writing them down, the ones that might just change your life or improve the lives of others around you will elude you as well. Learn how to silence your inner critic.

 

4. Take in everything

Read books both inside and outside your industry. Read books that will help you grow as a person. Use your drive time for podcasts or audiobooks. This is how you keep up with the world, and this is how you learn. A variety of media will keep you from becoming one-dimensional.

 

5. Network

Networking does more than just place you in front of prospective customers. It places you in front of people who have a firm grasp on how you can improve your business. Make sure you utilize the fresh perspectives on your business.

“Networking is an essential part of building wealth.” – Armstrong Williams

6. Consider where your industry will be

An NFL quarterback is not throwing passes to where his receiver is currently on the field. He is throwing passes to where his receiver will be. The current state of your industry may not be the state that your industry will be in five years down the road. Think of future-oriented ideas to keep your mind and your business moving in the right direction.

 

7. Talk with your customers

You can’t just spout off about all the best product features. You need to be thinking of the benefits, and how your business solves customer problems. Who better to help you address what those are than your customers themselves? Have some in depth conversations with your customers. They’ll let you know what some of those benefits might be.

 

8. Make an existing product or service better

What do you do better than the competition? What process can you improve upon? Finding ways to improve on existing products, services or industry standards can be a great way to help your business stand out.

 

9. Always be looking for new cages to rattle

Life can become a little stagnant when we get comfortable and follow the same routines. If your traditional methods for finding new work, or selling your services aren’t working, find new ways. Maybe your SEO strategy isn’t working, so you’ll need to go to face-to-face.

Sometimes your face-to-face isn’t working so you’ll need to land in front of new people. Think of new ways to bring in more business, and the ideas should keep flowing.

What methods do you have for generating new ideas? What are you doing to keep your business fresh and up to date? Leave your thoughts in the comment section below!
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4 Comments

4 Comments

  1. John Cameron

    May 22, 2016 at 10:54 pm

    I agree with the Dr. Suess quote between 2. and 3.
    Take in information from a number of sources about a variety of topics and it’s amazing how how your mind will work through it and apply it to your challenges – even when you’re not paying attention. Solutions can bubble up like thoughts without a thinker when you give your mind the raw material to work with.

  2. Shawn Lim

    May 16, 2016 at 1:32 pm

    Hi Matt, this is an interesting read. Love #2, change of place.
    This is why people said that travel actually makes people more creative and able to broaden their perspective.
    And whenever we are stuck, changing of place will help us to clear our mind as well.
    The good news to all writers, bloggers and internet marketers are that we don’t have a fixed place to from. We get to choose our work place.. 🙂

  3. Tim Denning

    May 14, 2016 at 11:02 pm

    Matt I love #3. My bad ideas almost always lead to a good idea down the line. I find having a look at other industries can often inspire me with new ideas for business.

  4. Vikash Sharma

    May 14, 2016 at 5:18 pm

    Hi Matt,
    This is really an awesome article!
    I completely agree with all your point especially with no.1 and 4. This is really very important to be the part of a Mastermind group. There are always some people who can help you to get out from any situation, you just need to be the part of a group of such people. They will motivate you to do better.
    Second, Read lots of good books as they are our true friends and they help you to grow a nice and confident person.
    Overall, a very nice article! Thanks for sharing this with us

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