Are you the type of entrepreneur who is always searching for the next great business idea? Do you want to be? Then grab a pen and a blank notebook, sit back, relax and keep on reading. Entrepreneurs by their very nature are constantly coming up with new business ideas but just how do they come up with these ideas ? What is that magic spark that gets their creative juices moving to come up with ideas for a new business ?

One thing that will really help you come up with business ideas is to always keep up with current local and world events. Read the newspaper and watch your local tv news show. Just by following this one hint and using it as an exercise to brainstorm business ideas you will quickly learn to identify new business trends and fads that will soon sweep the nation. This is where your pen and notebook come in. Train yourself to jot down any ideas that come into your head. Once you have trained your brain to think like an entrepreneur you will begin to see new ideas all around you.

Wait, don’t put that notebook away yet ! We have only just started. Make your notebook your best friend. Carry it with you in the car when you go out.

Entrepreneurs are great problem solvers. Do you see a problem in your community ? Write it down and brainstorm ways to solve it. Take a ride around your community and write down all the already existing businesses. What purposes do they serve? Now, can you come up with any new ideas or new approaches to these already existing businesses that can make them better? Always be prepared to write down those fleeting thoughts that enter your mind when you least expect it.

While you are practicing your problem solving skills, Let’s work on another exercise to help build business ideas. Take a walk around your home and pick up various objects/products that serve a purpose in your life. Now grab that notebook again and start writing the answers to these questions.

*What purpose does the object/product serve?*What flaws does the object/product have?*Have you had any problems using the object/product?*How often does that object/product need to be replaced?*When the object/product no longer works, where does it go? Now here’s the most important question to answer. How can you make this object or product better? Can it be made bigger or smaller? Can you come up with a more efficient design? Remember, a good entrepreneur doesn’t need to re-invent the wheel. He just needs to make it better !

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