When it comes to starting a new business, coming up with the initial idea can be the hardest part. You may have a million ideas swirling around in your head, but how do you know which one is worth pursuing? And once you’ve zeroed in on an idea, how do you ensure that it has what it takes to be successful?
In this blog post, we’ll explore a few ways to find inspiration for new business ideas. We’ll also touch on some key things to keep in mind as you develop your idea to make sure that it has the potential to be a success. So whether you’re just getting started on your entrepreneurial journey or you’ve been stuck in a rut for a while, read on for some helpful tips.
1. Start with Your Passions and Interests
One of the best places to start when brainstorming new business ideas is by thinking about your passions and interests. What are you passionate about? What gets you excited? These are the things that you should be thinking about when considering starting your own business.
Your passion doesn’t necessarily have to be directly related to the product or service you eventually want to offer. For example, if you’re passionate about fashion, that could translate into starting a clothing line or working as a personal stylist. Or if you love to cook, you could open a restaurant or catering business. The sky’s the limit!
2. Consider Your Skills and Experience
Another great way to come up with new business ideas is by thinking about your skills and experience. What do you excel at? What are you known for? These are the things that can give you a leg up in the marketplace and make your business unique.
For example, let’s say that you’re excellent at customer service and have years of experience working in retail. You could use those skills and experiences to start your own online store or concierge service. Think about what makes you special and use that to inform your decision-making process.
3. Identify a Need in the Marketplace
Another approach is to look at the marketplace and see if there’s a need that’s not being met. This is often how some of the most successful businesses are born. By identifying a need and filling it, you can create a loyal customer base and achieve long-term success.
For example, let’s say that you live in a small town but there’s no good place to get coffee. You could open up a coffee shop and become the go-to spot for caffeine lovers in your community. Or maybe there’s no good place to buy pet supplies near you, so you could open up a pet store and fill that void in the market.
4. Look to the Future
Another great way to find inspiration for new business ideas is by looking to the future. What do you see as the next big trend? Is there a technology that’s on the rise that you can tap into? By staying ahead of the curve, you can set your business up for success.
For example, let’s say that you’re interested in sustainable living. You could start a business that sells eco-friendly products or provides green living solutions. Or maybe you’re interested in augmented reality. You could start a business that creates AR experiences for people to enjoy.
5. Brainstorm with Others
If you’re having trouble coming up with new business ideas on your own, don’t be afraid to brainstorm with others. Sometimes, two heads are better than one. Talking to friends, family, and other business professionals can help you generate new ideas and get feedback on the ones you’re already considering.
For example, let’s say that you want to start a business in the health and fitness industry. You could talk to your friends and family to see if they have any ideas, or you could reach out to other businesses in the industry to get their thoughts. By talking to others, you can get a better sense of what’s already out there and what might be missing from the market.
There are many different ways that you can find inspiration for new business ideas. The most important thing is to start with what interests and excites you. From there, consider your skills and experience as well as any needs in the marketplace that are not being met. By taking these steps, you’ll be well on your way to coming up with an idea for a new business that has real potential for success!
Team Engage: Reprogramming Minds to Win on Repeat
Photo Credit: Dillon Vibes
Dubbed “Magicians for the Mind,” the duo at Team Engage is transforming the corporate training process one mind at a time. Coming from two unique powerhouse backgrounds, Danelle Delgado and Mike Draper have formed Team Engage, and the rest of the world is rapidly trying to gain access to their methods. Of course, not everyone is poised for growth, but those who take and pass Team Engage’s interview process and are willing to invest in their human capital are gaining access to the most entertaining training experts the world offers.
As the CEO of Life Intended and cofounder of Team Engage, Danelle Delgado, aka the “millionaire maker,” has been transforming lives for years. The Multipreneur and SuperMentor, has guided countless serious professionals to build online and offline million-dollar businesses. Delgado is the best-selling author of her book, “I Choose Joy,” and one of the most sought-after female speakers and corporate trainers on marketing, sales, communication, personal development, and online business strategy.
Conversely, the other half of this dynamic Team, Mike Draper, comes from a different background. As a child, he struggled with his weight and academics before joining the Air Force, where he was forced to grow up overnight and ultimately chose to invest in himself. Draper went on to win multiple fitness awards and become a SWAT police officer before building over 1.3 million organic followers and over a billion views as a viral content creator. With a long, adventurous journey, including becoming a father while living abroad and accumulating a background in real estate and mortgages, Draper compiled his knowledge and experience and mixed it with his study of the social craft to become revered as a king of social media. Draper knows that personality, persistence, and his proven systems are the keys to winning and monetizing on social media. And together with Delgado, Team Engage is revolutionizing the art of the training program.
Photo Credit: Erin Latterell Burk
The idea is that many people are confounded by their problems as they are too close to their core issues to see or are too frightened to confront the problem. Team Engage unravels the apparent problem and provides viable solutions, ultimately resulting in exceptional personal growth for those who undergo the training process. The duo has essentially become the teammates every company needs and has been missing — the virtual mentors that every employer seeks. What is truly profound, however, is that Team Engage not only provides high-level and entertaining virtual training, but their system is grounded in scaling both employee productivity and happiness, positive mental health states, and overall personal lives. The formula is simple: heal the humans and scale the company.
From personal development explicitly designed for sales teams and producers to social media planning preparation and platform delivery, Team Engage instills the vital outlook that the world is a steadfast race to the finish line. The training provided by Team Engage is nothing short of life-altering. After building thousands of successful millionaires, from stay-at-home moms to salespersons to CEOs, Delgado and Draper are proving their system works and that they have the tools to keep it working for a lifetime.
Jas Mathur Builds Celebrity Backed Brands at Emblaze One Inc
In the world of showbiz, constructing brands backed by celebrities is no simple task. The challenge of preserving their reputation, combined with the immense pressure of consistently delivering quality and dodging negative press is a colossal undertaking. Yet, Jas Mathur has carved a niche in this space, showcasing mastery in forging collaborations with numerous celebrities.
Being a serial entrepreneur and a celebrity himself, Mathur possesses an intimate understanding of the intricacies involved in curating celebrity-backed brands.
Successful Brands Built by Emblaze One
- Amarose: Amarose, backed by entrepreneur and television persona Amanda Saccomanno (popularly known as Mandy Rose from WWE Smackdown), is a distinctive line of beauty, skincare, and personal care products.
- Limitless X: Launched by Jas Mathur himself, Limitless X Inc. has become a massively successful entity. As a lifestyle agency, it crafts brands and products within the nutrition, wellness, and weight-loss niche. Jas leveraged his celebrity status and unparalleled business acumen to make this a success.
- Vybe: Venturing into the realm of digital applications, Vybe is an online dating platform crafted especially for Africans, facilitating both online and offline interactions.
The Secret to Building a Successful Celebrity Brand
Building a celebrity brand isn’t similar to a regular brand. It demands understanding the celebrity’s ethos, blending it seamlessly with the brand’s message, and ensuring authenticity at every touchpoint. Emblaze One, with its expertise, has mastered this art. Their strategic maneuvers, coupled with an innate understanding of both the brand and celebrity persona, lead to successful brands that resonate with the masses.
More about Emblaze One
Emblaze One Inc. was founded on February 13, 2012, and has its headquarters situated in Los Angeles, California.
Emblaze ONE Inc. specializes in developing celebrity-backed brands and creating tailored web platforms/solutions/SAAS. Recognized as an award-winning global interactive and web development agency, their dedication to cutting-edge digital experiences is evident in their growth trajectory. Their clientele’s recurring referrals are a testament to their efficacy.
With a team brimming with innovative thinkers, they have strategized for numerous global companies and famous celebrities. In their words, “Design is our language. Venture is our mindset.” Their collaborations with athletes, entrepreneurs, and enterprises, have redefined brands and lead to innovative business strategies.
Jas Mathur, the CEO at Emblaze One, says, “If you can imagine it, you can achieve it; if you can dream it, you can become it. Passion, Purpose, Focus & Commitment can make any dream come true!” With two decades of executive management prowess, he helms both Emblaze ONE Inc. and Limitless Performance, Inc.
Emblaze One’s mission is to elevate companies by amplifying their creative capital. Their services, grounded in achieving tangible results, are designed to foster growth and innovation.
Top Entrepreneur Talks About Why Immigrants are More Likely to be Attracted to the Business World
2022 reports released by the American Immigration Council show that nearly 44% of Fortune 500 companies were founded by immigrants or their children. The actual percentage of businesses founded by foreign-born individuals who moved to the US is 20.4%, an exceptionally impressive statistic because immigrants make up only 13.4% of the American population. These businesses cumulatively generate ~7 trillion US dollars for the American economy annually, a figure worth more than the GDP of most other countries in the world.
Several studies in the past decades confirm that immigrants from foreign countries are more likely to delve into entrepreneurship and become business owners than native citizens.
With all the statistics, reports, and figures backing these findings, the motivations behind the immigrant’s entrepreneurial struggle and determination remain unclear to many economic scholars. Despite the social, economic, and systemic inequalities and injustices that are undeniably meted out to immigrants in many foreign countries, these driven individuals still manage to break the limits, adapting and excelling in all forms of society. This phenomenon is not limited only to the United States. According to the Global Entrepreneurship Monitor, the vast majority of developed countries have a higher growth rate in immigrants than native-born citizens.
“The United States is a country built on the basis of immigrants, a country that has come forward with the efforts of many people who come with the American dream, seeking a better quality of life,” says Katherine Grullon Cuervo, Colombian-American entrepreneur and business lead at Distrivision, an international wholesale distributorship service supplying Shapewear, Lingerie, Activewear, Body & Garment care to business owners.
Most immigrants from third-world or war-torn countries leave their home nations and relocate to advanced countries in search of stability, greener pastures, and fresh opportunities to put roots down and genuinely thrive, as against merely surviving. The odds aren’t always stacked in their favor and the journey is never easy from the get-go, but perseverance is a quality that’s never lacking within the immigrant community. Tenacity and the ability to scour market opportunities with fresh eyes allow them to create unique micro-niches with massive potential in existing and new markets.
Never settling for the minimum
Distrivision is a franchise that was founded by Maria Ruth Cuervo, Katherine Grullon Cuervo’s mother, a versatile serial entrepreneur who came to America from Colombia. Katherine highlights the immigrant’s perspective of entrepreneurial success from Maria Ruth’s inspiring journey.
As a 13-year-old teenager growing up in Manizales, Colombia, Maria Ruth found her passion in enterprise management while working with her own mother and learning the ropes of the family business. Years later, she decided with her husband to sell everything they owned and migrate to the United States with their children, determined to give their girls the best quality of life within their means. Upon her arrival in the US, Maria Ruth wasted no time securing a job as a factory worker, and even then, her passions continued to soar.
“Starting from the bottom always reminds us where we want to go,” Katherine says. “Knowing where we come from and what we had been through, Maria Ruth, with her hard work was able to get promoted to a new position, although the difference in pay wasn’t a lot. Her entrepreneurial spirit flared, and all she wanted at the time was to find a way to generate better income. This is something that’s ingrained into the mind of the common immigrant – never settle for the bare minimum. We come from places and countries where work is sweated and a lot must be sacrificed for a living to be made. Luckily, other members of our Hispanic community with entrepreneurial passions were able to encourage Maria Ruth to start her own business.”
Infinitely grateful to her community for the motivation and unconditional support, Maria Ruth founded Shapewear Central, a boutique importing figure-shaping garments from Colombia. In due time, Shapewear Central set itself apart as a franchise bringing in high-quality useful products at fair and honest prices, and eventually, aspiring entrepreneurs sought out Maria Ruth for assistance to delve into the business.
With her daughter Katherine working actively in marketing and branding to oversee the transition, Shapewear Central became Distrivision, a distributorship and partnering franchise supplying everything from Shapewear and active wear to lingerie and post-op products. The business now offers employment and identity to hundreds of people across its headquarters and partner stores, founded on a legacy of honesty and transparency.
Systemic obstacles birthing a generation of determined entrepreneurs
A major factor attracting immigrants to entrepreneurship in foreign countries is the inadequacy of education for employment prospects in their home countries. In Colombia and many third-world countries, having a university education or degree certificate is not always a sure bet to getting established in the corporate world. Owning a business or accepting lower-tier employment are usually the only options for families without top-tier connections, and this trend forms a strong mindset within migrating citizens.
Also, many analysts claim employment difficulties are only faced by undocumented immigrants, but in reality, the discrimination spreads wider and also affects fully documented people, including those with permanent residencies.
The immigrant’s eagerness to make an honest and sufficient living is often taken advantage of by dishonest employers. They may be forced to work longer hours at reduced pay, work without employee benefits and insurance, show up on holidays, be kept in the dark about their rights and entitlements, and be subjected to racial discrimination and harassment.
This harsh reality becomes a strong motivation to establish their own businesses, be their own bosses, and provide better opportunities for their community members and other people.
As Katherine recalls, Maria Ruth built her business from scratch on the foundations of honesty, transparency, decency, and trust between the brand, its patrons, and partners. Despite the language being a barrier at first and other trials she faced as a young Hispanic woman in America running an importation business, Maria Ruth was determined to succeed. Holding onto her principles and values, today, she continues to run a business built on passion, grit, and communal love.
Katherine says: “We focused on creating an image that will identify more with what we do, which is wholesale distribution as a company. We focused on the transparency, love, and care with which we work together, along with the tireless effort we put into helping our business partners grow — both the business owner and our suppliers to maximize their results by being transparent and trustworthy.”