How to find a business idea - Take the quiz | Business Town

How to find a business idea – Take the quiz

Just take this 2 minute quiz and you’ll immediately discover what business is best for you!

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QUIZ: WHAT BUSINESS IS BEST FOR YOU?

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I’m Bob Adams. I’m a Harvard MBA serial entrepreneur. I’ve started 17 businesses of all different types. Most of these businesses I started with less than $2,000 and with little, if any, related experience.

I can tell you what matters more than experience and money is starting with a good business idea.

Simply put, a good business starts with a good idea!

I hope you enjoyed the business idea quiz! It’s fun and a great way to get excited about looking for business ideas. But you really should be prepared to put some solid effort into your search for your perfect business idea.

Yet many people choose their business idea haphazardly and don’t give it the thought and attention it deserves. Nor do they go about choosing their idea in a systematic way.

To find a really good business idea, you should give it some really good effort. First you should start with a big list of potential business ideas.

A great place to find business ideas is my lengthy article, The 300 Best Small Business Ideas. Not only do I list the best 300 ideas but I also give my insights on every single one.

If you are looking for a business you can run out of your home, also check out my article, 42 Home Based Businesses You Can Start Today.

If you are on a tight budget then you should look at my article, Low Investment Business Ideas with High Profit Potential. And if you have no budget at all then see my article, Businesses that You Can Start with No Money.

Go through these articles and then come up with an initial list of business ideas that appeals to you.

Next cross off your list bad business ideas – ideas that are either hard to succeed at or that the risk outweighs the potential reward. For help in sorting the good from the bad see my article, The Best and Worst Businesses You Can Start.

The next step is to decide which businesses on your list might make good businesses for you. Sure a business may be a solid idea for somebody but that doesn’t mean it’s a good match for you.

You’ll want to consider factors such as:

  • Can you learn the expertise necessary to run this business?
  • Will the business be a good fit for your lifestyle?
  • Will the business provide the income that you want?
  • Will you enjoy running the business day-to-day?

These are just a few of the questions that you’ll want to consider as you think about what businesses are best for you.

Eventually you will narrow your list of potential businesses down to just one top bet. But you are not done yet! At this point you will want to carefully validate the business idea. In other words you want to try to carefully make sure the business idea will be viable before you invest any money in it.

Sure, it may seem like a lot of steps to go through in choosing a business idea. But if you do this process really carefully, you are much more likely to end up with a highly successful business – and a business that you will really enjoy running for years to come.

To learn more about choosing your business idea see my short video course, How to Find a Business Idea. You can try this course for free on BusinessTown.

Start Streaming the Courses on BusinessTown

Learn how to start and run your business by watching the many courses on BusinessTown including Start-a-Business 101, How to Create a Business Plan and How to Find a Business Idea. You can try BusinessTown for free.


About Bob Adams

Bob Adams is a Harvard MBA serial entrepreneur. He has started over a dozen businesses including one that he launched with $1500 and sold for $40 million. He has written 17 books and created 52 online courses for entrepreneurs. Bob also founded BusinessTown, the go-to learning platform for starting and running a business.