Generating Business Ideas... 西 are Potential sources of business ideas may include: Brainstorming-Individually or in groups/teams Own personal experiences-What jobs have been done in the past? Have you started businesses before?What was learnt from success and failures? Innovation and invention-A flash of individual inspiration Spotting flaws and errors in existing products-Can something being done already be done better? Copying ideas from other countries-e.g.Howard Schulz Starbucks founder,copied the idea of a coffee bar from Italy Spotting trends and anticipating their impacts on people's lives e.g. Healthier lifestyles Taking a scientific approach,working in a laboratory(e.g.James Dyson) Noticing a gap in the market for something that is not currently being produced Purchasing a franchise Generating Business Ideas… Potential sources of business ideas may include:  Brainstorming – Individually or in groups/teams  Own personal experiences – What jobs have been done in the past? Have you started businesses before? What was learnt from success and failures?  Innovation and invention – A flash of individual inspiration  Spotting flaws and errors in existing products – Can something being done already be done better?  Copying ideas from other countries - e.g. Howard Schulz Starbucks founder, copied the idea of a coffee bar from Italy  Spotting trends and anticipating their impacts on people’s lives e.g. Healthier lifestyles  Taking a scientific approach, working in a laboratory (e.g. James Dyson)  Noticing a gap in the market for something that is not currently being produced  Purchasing a franchise Ideas are tools!