There is a misconception that sourcing capital is the first step in starting a business. Looking at the capital required for a business comes later in the steps towards starting a business. The first step in starting a business is to have a business idea. The challenge is generating the idea. Let’s look at a number of ways to generate business ideas...

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Every business comes out of an idea. When you have a first vague thought about a business opportunity you need to develop it into a business idea. A good business idea is essential for a successful business venture. Finding a good business idea is the first step in transforming the entrepreneur's desire and creativity into a business opportunity.

WHAT IS A BUSINESS IDEA?
A business idea is the response of a person or persons, or an organization to solving an identified problem or the meeting perceived needs in the environment i.e markets & community.

Your business idea will tell you:
* What product or service your business will sell.
* Who your business is going to sell to.
* How your business is going to sell its products or service.
* Which need your business will fulfill for the customers.
To be creative, you need to keep your mind and eyes open as you work through the principles of generating business ideas and opportunities explained above, and apply the techniques.

Two things should however be noted;
1. A business idea is only a tool;
2. An idea by itself, however good, is not sufficient for success.

visit the link below where i expanciate on the techniques explained above:
Click » https://www.fortizolight.com/2020/02/how-to-generate-business-ideas.html#more

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