When choosing the person or people you're going to build the business with, be careful. You may have noticed a demand in your community for a particular form of electrical work, and combining your experience with the market demand can allow you to attract customers.Ĭhoose your partners wisely. Combining skill and knowledge with a market demand increases your odds of having a successful business idea. If you have a particular skill set or talent, consider how these resources can be applied to meeting some sort of market demand. Many of the ideas will be duds, and there will be quite a few ordinary ones, but a few may emerge that have real potential. Start with a simple question like: 'What shall we do?' The idea is not to create a business plan, just to generate potential ideas.
It can be helpful to have people who are bright and creative join you for a casual brainstorming session.It might even be something people don't know they need yet, because it hasn't been invented!
It might be a product you've always wanted to make, or a service you feel people need.