Ideas To Start Your Own Business – 7 Steps To Be a Boss

In this guide, I will show you 7 practical steps that would give you direct access to profitable ideas to start your own business.

Nothing gives comfort to your soul and healing to your bones than being your own boss and being able to write your own paychecks and enjoy financial freedom without having to give report to anyone!

I know your time is valuable and I’m not here to waste any of it but, if you stay with me to the end, you would discover step by step strategies on how to go from incubation to launching your business either online or offline in 30 days.

This can even be a personal business of personal branding, getting better and improving yourself!

Now, you have an idea of what transfer of knowledge is all about!

Before we begin, let me give you an overview of what I’m going to be sharing with you with practical examples that would connect these ideas together and make it form an association for your understanding and productivity.

Here are the 7 steps that will guide you to ideas generation from incubation to launching your own profitable business online or offline in 30 days:

• Problem Statement
• Investigation
• Idea Expression
• Customer Demographics
• Art Of Storytelling
• Innovation
• Action

Now, it’s your duty to turn off every distraction and give your full concentration as what you’re about to discover can settle your bills and build a solid foundation to your financial freedom if it’s well understood.

Let’s get right into it.

Problem Statement – Foolproof Of Starting a Business

• Phase 1 Problem – Your Personal Problem!

First, you need to understand that, if you don’t have a problem, you can’t start a business! Okay, I know that sounds too ambiguous.

This is what I meant; if you have a problem, either money problem, no house to stay, payroll problem, food problem or whatever it is, it’s your first MOTIVATION that will push you to generate ideas to start your own business either online or offline.

So, if you have a problem right now that is personal to you, it’s normal, nothing is wrong with you.

In fact, it’s a good sign that you will be a successful business owner. How do I know that?

Because, I am confident that you are reading this and you’re looking for a solution to end that problem and being able to provide solution to your personal problem(s).

And this will lead me to the second phase of the problem!

But wait, by now, you ought to have known that, problems are in different phases, that is: your personal problems and others problems! Lol

Okay, I’ve talked about your problem above, it’s time to talk of others problems, because, that’s where a lot of money is!

And if you can solve peoples’ problems, it means you already have a business which can generate massive amount of money for you at the end of the day.

Actually, you can also make money solving your own problems, because, if you can find a way to solve your problem(which you will find out as you read on), you can also make money selling your own solution to others who have the same challenges you’ve overcome.

But, you can’t solve your own problems with your problem, you have to engage in other peoples’ problems(OPP) and find a way to solve it which brings us to the second phase of problems.

• Phase 2 Problem – Other Peoples’ Problems(OPP)

Here, the focus is not on your problem anymore, in fact, you have to forget about your problem here and start haunting, seeking and researching other peoples’ problems around you.

For example, one major reason I started blogging and registered this website was to help solve the problems of people I identified around me.

Many people used to come to me for ideas and solutions to different problems, the one I know, I give them an instant solution, the ones I don’t have the idea, I tell the person I would get back and use that time to make research and discover the solution.

Are you getting the idea now?

So, without delving too much into problem statement, let me give you few points on how you can get ideas to start your own business by leveraging on others peoples’ problems.

What problem have you identified to solve?

Or what problem are you solving or perhaps, the one you would like to solve?

It could be in your environment, in your school, local government, your office, your State or your Country.

Problems make our lives richer. If you don’t see problems, it will be difficult to see money and you won’t be able to attract ideas to start your own business!

It’s as simple as that. As you can see, problem statement is actually broad because it’s a problem topic! Lol

In summary, your focus should be, identify a problem, find a solution to it, find buyers, sell and make your money.

You will understand better in the remaining steps. Keep reading.

For example, let’s say you’re a hair dresser/stylist, you are providing a solution to ladies/women who don’t have enough hair on their heads.

Or you offer a hair product for someone who wants to try out advance fashion; artificial hair with your wonderful hair product in a unique way. Get it now? Good!

One more thing about this problem topic!

When you can provide a solution to an identified problem and it generates cash, then, your perspective about everything changes as that process becomes owing your business. I call that a MIND SHIFT.

So, one more question, what problem do you want to solve?

Let’s move to the second point.

Investigation – How To Spy On The Market!

So, by now, I want to believe that you have identified a problem to solve and it’s time to take one more step.

Investigation in this case simply means involving yourself in a market research.

This is about learning more about the problem you have identified that you want to solve. And guess what?

By doing this, you open yourself to new world of different opportunities to discover many problems you can find solutions to or even solutions of others to the particular problem you want to solve which now gives you advantage of improving the solution and making it better than others.

For example, before I decided to write this post, I had an idea to help just one person which is you to make profits, but.

I know that, you can’t make profits without having a business and providing a solution to others problems.

So what did I do?

In other to find you and get my message across to you, I did something spectacular; I went as far as making a market research on Google, plus another keywords research tool to discover what exactly the solution you’re looking for.

And this gives me a better advantage to reach you and show you that, you too can generate ideas to start your own business whether it’s online or offline.

If you want to discover the tools I used for the market research plus how to use Google to find your ideal customer, use the comment section to show your interest, it will be sent to you for FREE.

One more example before I move to the next point.

As an artisan, this market research is even super important for you especially for your local environment as it will help you tap into blue ocean and be above your competitors in your local shops.

Most especially, if you’re selling products like clothes, bags, home utensils, babies wears, etc.

This research tools are very important and you need to know how to do it.

Or haven’t you ever asked yourself how the next neighbor doing the same business with you is making sales and selling more every day and you experience no single sale?

Instead, you’re even running at loss and your profit curve always decreasing and coming near negative level.

You also need to understand that, market research is NOT only for the big companies like Coca Cola, Pepsi, Lux, Peak milk, Gillette etc.

You too can do market research about your competitors; those who are into the same business or services with you.

Here are what you should do about them:

• Make a list of what you like about them, it can even be about the personality of the business owner.
• Get the list of what you like about their products and their mode of operations with their services inclusive. Make at least 5 POINTS.
• Do the same thing for what you don’t like about them and think of how to make your own business/services better having these data.

Market research is the phase you don’t want to miss as it can determine how fast you scale in your business.

It can also determine the ability to generate profits effortlessly as it helps by giving you a direction and clues to get to your destination faster than when you’re not spying on the market.

Let’s get into the third point.

Idea Expressions – The Turning Point

Here is where those business ideas (identified problems + results of market research) you have discovered come into process.

So, now, you want to ask yourself these questions:

• What are the best strategies you can use to integrate your problems found with the market results?
• What systems can you create for them to give you that unfair advantage over your competitors?
• How can you brake your ideas into chunks of molecular particles to be easier for execution?

Ideas are honestly handsome but effective processing is more beautiful!

So, you’re going to put all of these together and create what I call an MVP (Minimum Viable Product) which would be the solution to your proposed problem in stage 1.

Your Minimum Viable Product or perhaps Minimum Viable Portfolio if your solution offers a special technical service or you offer any soft skills like Copywriting, Video Scripting, Voice Over, etc.

What you want to do here is to come up with your mini product after you’ve processed your problem found plus the market research and you’ve also researched the solution and turned the whole information into a product (either digital or non-digital) product.

You want to also test whether your newly discovered product can actually sell, whether it can bring in 2 bucks and can even turn to a BIG money making machine!

In fact, some people who are into digital marketing can go as leveraging on others peoples’ money (OPM) and run Adverts like Facebook Ads or Google Ads on products they researched or created to see if the market will accept it before they finally invest huge in it.

The same thing you also want to do for your mini product, you know that, if 2 people use your product and it works for them, definitely, it might work for 4, 8 and 108 who has similar problem which equals lot of profits for you and this can be your turning point on your ideas to start your own business.

The end is not far, it’s now approaching! To the next point.

Customer Demographics – Here’s Your Hidden Money!

After you’ve come up with a brilliant mini product or portfolio, you want to sell off right away, but.

You need to take it cool first so you can be profitable especially if you’re using your money to run Ads and test out your product.

By now, you should have understood that, everyone on planet can’t be your prospect, in fact, not everyone on Facebook or those coming to Google to make research is your ideal prospect.

Only few of them are and that few can make you massive money if you can identify them – Target Prospects(Audience)

So, this is the stage you state out WHO exactly is your ideal customer. What is their gender, their age range, their color, their location?

You also find out what they love to buy, how and what they buy, what they think before, during and after they buy?

And lot more you can state out on your target audience.

Customers are called prospects when they have not bought any product from you or enjoyed your services before.

And prospects are also called leads inside the internet marketing space. Prospects become your customers immediately they buy anything from you.

So, the data you collect here will help for your buyers’ targeting and marketing campaigns.

And for your marketing campaigns, you must be ready to budget some money for your Advertisement.

You can also get to reach your target customers organically(FREE TRAFFIC) but, if you are serious and want to make 6 to 7 figures in your business, you must be ready to spend a few bucks promoting your product.

Also, you can use Facebook Ads, Google Ads or Linkedin Ads(if your MVP offers professional solution) or any paid Ad service you are satisfied with.

And you can try the radio/TV station near your place if you want to go by the traditional way of Advertising.

But from experience and best practice, the one that produces best result and costs less is still Facebook Ads using the digital advertising method.

Here, you will also need Copywriting skills to help you craft words, to develop a compelling sales copy and tailor it to your target audience with all the benefits of your product offer in mind.

And if you don’t understand how to go about these marketing campaigns, developing a sales copy or how to run an Ad that converts and generate leads and great sales, don’t give yourself unnecessary headache because of that, or you now decide not to take action because of that.

Or probably you’re trying to spend your cash testing things out yourself without this knowledge, you will end up blowing up your resources and hate to never try again.

So, what you should do when you get to this stage is; call for an expert help immediately. It’s still the most cost-effective.

Art Of Storytelling – One Sales Secret

If you’re not a Copywriter or have no experience related to Copywriting, especially when you’ve generated ideas to start your own business and gotten to the previous page.

I want you to believe that you do have storytelling skills!

Well, maybe you don’t know, or because of the branded name “Storytelling” it was given, you think it’s a special skill that you can’t practise until you learn it.

Let me remind you if you forgot, when you were a kid, you love stories, you do tell takes to your friends and even your parents.

Or maybe you’re a parent, I know you do tell stories to your kids especially when you want them to sleep or stop involving in the couple’s play right? Lol.

Whatever you believe about that, I want to say that you can tell a story and you will do it well!

Storytelling is a way of communicating your ideas mixed with feelings and situations and location and anything you can think of in a story.

It’s just a means of passing information to your target audience in form of a story.

Now, get this, if you want to be a great story teller to sell your products or services, always describe briefly the processes involved especially the hardest part, like the most challenging parts of the product development before the product is finally delivered to the market.

This is a powerful stuff! Try it and see.

This stage is where you use your results on Customers Demographics in stage 5 to write your compelling story for your product (MVP) promotion.

I can bet this, women are the most favored in storytelling but anyone can do this, trust me.

And if you feel you’re not confident enough to do what you’ve been doing since childhood, then, outsource this part and get a professional help on it.

And it’s better to work with a professional who can write arm-twisting and money producing sales copy and at the same time use storytelling technique to save cost.

We’re almost at grand finale. Get ready!

Innovation – Adding The Midas Touch

Innovation simply means introducing something new. So, your ready made product can be better by introducing new features, new methods in Advertising, prices, promotion materials and many more.

Innovation is anything that you do about your business/services that guarantees consistent profit generation as well as giving you the power to earn double revenue!

An example of this was when Coca Cola started to brand their business, one of the first major things they did that was important to the success of this brand was to change the bottle, that was a game changer.

Even, if the name “Coca Cola” is not on the bottle, I’m sure you will still be able to recognize the bottle as belonging to Coca Cola company. That was an act of innovation.

One innovation I made to my brand and online business was to create a website and own a large piece of land on the internet for the purpose of reaching many people who need to hear my voice and meet their needs.

It’s as easy as reciting the alphabet!

To sum it up, innovation is everything you do that makes your product better, something that intrigues your customer to keep patronizing you and all that makes price affordable for your market and still perceived as valuable.

That’s how far you should go when you want to innovate!

Now, we’re heading to the most important aspect of how your ideas to start your own business can be practically profitable!

Action – The Goal Getters Word

Having the first six steps alone is not complete if I don’t add this.

I wrote this content for you so you don’t just read and bypass but, to give you clarity on what is on your mind and how to implement it.

Every successful business person is always an ACTION taker.

They are rules braker and most times they don’t wait for the perfect time except in stocks market(jokes!)

They always jump into the flash of lightnings like Dale Carnegie(one of the Americans most successful business persons) and make the time perfect for them.

Nothing moves until you move, so make the move and get the briefcase! Make the money and enjoy the profits!

I believe when you can look deep into these points and take one or two out of it (if not all) and apply to your business right now(if you already have one), it will make a whole difference.

And whether you can use the whole points to develop the ideas to start your own business in 30 days or if it’s going to be more than that, one thing is certain; you now know how to get it done and thrive immediately.

Don’t forget, transfer of knowledge is also encouraged.

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