Trying to find your business idea

Hey everyone,

I hope you all have had as great of a day as we had here at Cfm Jpm Enterprises.  Today I’m going to discuss how to come up with business ideas that you are passionate for and will enjoy doing while making money.  This process can take a few days for you to complete so don’t rush take your time.

The first thing you need to do is go somewhere quiet.  This means no television going in the background, no family members disturbing you either.  You want a place where you can be alone with your thoughts.

The next step is to have 10 blank pages with you so you can write down your top 20 favorite things.  Yes I said 20, uses both sides of the paper to help save a tree.  These lists can include anything at all, even if it seems foolish write it down because you never know there might be a niche out there for it.

If you are having trouble coming up with any ideas or just are saying,” there’s nothing I like.” Well consider the following question and see if they help the juices flow from your mind to your pen:

·         What do you love?

·         How do you spend your free time?

·         What do you watch on television?

·         What gets you excited?

·         What did you enjoy growing up?

·         What do you talk about with your friends?

 

Now see were those question so hard to find 20 of your top favorite things?  This exercise we are doing right now is what most successful business men do when they are trying to find a new way to make money.

Now the next step is to under your 20 top favorite things to do your now going to write at least 10 ways you can make money in each category.  Remember this is not a race to finish but to actually think about the ways you could make money from these ideas.  I’ll give you an example:

I wrote down on one of my sheets SOCCER

Then under that I wrote down the following:

·         Coach soccer

·         Open a soccer equipment rental place

·         Work for a professional soccer league

·         Referee soccer

·         Start a league

·         Open a soccer supply store online

·         Create videos on how to play soccer

·         Make an E-book on the rules of soccer

·         Etc…

 

Now that you have made you list now what you want to do is actually think about the ideas you came up with to make money and see if there is actually a market for it.  When you have finished going through the lists you should have about 5 or so business ideas left on your lists.  Remember you need to like these ideas A LOT!

 

Some of you might be asking why do I have to love the business I’m about to start?  Well I’ll tell you some good reasons:

1.       You might as well be happy while you’re making money,

2.       The excitement of starting a business will wear off eventually,

3.       The passion for the niche will keep you going even when things are getting tough,

 

Well I sure hope you find this helpful in deciding what you would like your business to be.

I’ll talk with you guys soon,

 

Joseph P Martin

Vice-President

Cfm Jpm Enterprises