
Have you been dreaming to
start your own company? Is it has long been in your bucket list? If you are currently planning to start up your own business but finding
it hard to generate an idea, you are in the right track. Have you ever seen in
animated movie whenever a person gets an idea it’s like a light bulb light up
on their head, guess that doesn’t happen in real life. But the point is how do
businesses actually gets an idea to start and come up with a business idea.
Well, let’s look at some entrepreneurs ideas generation or specific inspiration
that trigger the idea. This confessions are from (Success Story, 2017).
Chad Hurley and
Steve Chen, YouTube:
“In January 2005 Chen hosted
a party for his friends at his home and Chad Hurley was one of the guests. Both
Chen and Hurley recorded the party on camcorder and digital camera, but could
not send the recordings to their friends and guests because of the massive file
size. It was then the two came up with the idea of creating site to help people
share videos.”
Phil Knight, Nike:
“Phil Knight was a middle
distance runner hailing from Portland who trained under track and field coach
Bill Bowerman. Bill Bowerman was looking ways to enhance his students’
performance and tried improving their shoes in his free time.” Phil Knight and Bill
Bowerman founded Blue Ribbon Sports in 1964 which is now famously known as Nike.
Reed Hastings and
Marc Randolph, Netflix:
“Reed Hastings and Marc
Randolph founded Netflix in 1997 as both of them were technology enthusiast who
had previously experience of setting up websites and running them successfully.
The idea of Netflix arises simply for the convenient of people to buy and rent
DVD’s sitting at their homes.”
Travis Kalanick
and Garrett Camp, Uber:
“The company was born out of
a situation Kalanick faced while in Paris in which he was unable to find a taxi
to get to a conference. Realizing that this was an issue faced by countless
travelers around the world, the duo decided to launch Uber Cabs.”
From all the above examples
it can easily be identified that the business in nature is problem solving. It
aims to solve a problem. Entrepreneurship is all about finding a solution and
make it works. Things people are frustrated and dissatisfied may lay as a
business opportunity, so if your idea can really improve people’s lives and
solve their problems, capitalize the business idea and you may end up another
giant business emperor like Amazon, Alibaba and Facebook. Spend a portion of
time to think of what are the problem people facing, in what sense we can
improve their lives. The key is to keep practicing so that you can master the
business idea generating skills. As long as people keep facing problems and
difficulty there is always business opportunity.
References
- Success
Story (2017). SuccessStory.[online] Available
at: https://successstory.com/[Accessed:
5th July 2017]
By: Linda Raj,
BBM1541
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