7 Ways to Get Good Ideas to Start Business in China
China is a place
full of both opportunities and competitions. Mass entrepreneurship and
innovation encourage more people to start business
in China, but also making it more difficult to find a new business idea.
Successful entrepreneurs use their imagination every day to make new decisions
to make the world a better place. But how do they do it? Here are seven ways to
keep your mind fresh and open so you can generate an idea to start business in
China.
Learn by Doing
If you want to
be an entrepreneur, get out there and do something. Get involved in cool
projects, programming, interdisciplinary events. Broaden your mind and
meet people from all backgrounds. Go to work in a seemingly unrelated
field.
Branch out and try new things
Inspiration
strikes at the intersection of different things. Whether it’s taking up a new
hobby or traveling to another city, you expose yourself to more problems and
more possible solutions.
Meet New People
Go out and meet
new people to get out of your limitation of idea. Talking to new people who not
only don’t think like you but who don’t know how you think can help freshen up
your brainstorming process. Go to networking and learning events, talk to
people outside your industry and strike up a conversation with your existing
customers.
Write Down the Pain Points
Successful
companies all solve problems for their customers. Companies like Google, Apple
and Uber solved specific pain points in their marketplace and went on to
achieve great things. Ask yourself, what bothers me? Keep a journal where you
write down your everyday frustrations. Review the journal regularly and run it
by others to see if it’s a pain point for them. What product or service could you
create that would solve that problem?
Search Industry Trends Online
Don’t waste all your
time looking at funny videos online. Look up entrepreneurship and industry
related communities. Go on Twitter and search relevant hashtags to see what
people are talking about, or follow some innovation and entrepreneurship
contest like IPIEC Global.
You might learn about new niche fields, networking opportunities or other
topics that might spark something. Become a student of your industry and
entrepreneurship.
Do Market Research
So you have a
potential inkling of an idea but aren’t sure if it really has any potential.
Research the market to see what’s out there and where your idea could fit in.
Besides your standard online search and library stop, there’s tons of resources
out there to help you along.
Go Traveling
There’s a whole
big world out there of great ideas that aren’t yet in your market. If you see
an idea you love in your travels, you can take it back home and give it a new
spin that specifically addresses the needs of your market. Even if you don’t
find inspiration, traveling will help take you out of your surroundings and
refresh your mind. There’re always places around the world that have ideas
waiting to be commercialized, such as in universities that have technology
transfer offices. Take an existing idea and launch it to market.
There’s no easy
way to come up with startup ideas. You might find something worth solving in
the shower or at the end of an intense brainstorming session. You can’t predict
when inspiration will strike, but you can do things to help you generate good
ideas. And if you have an great idea and are interested in starting business in
China, you can find WTOIP. It provides
comprehensive entrepreneurial and legal services to our clients, helping
foreign tech startups start business
in China with no legal hurdles. Services include preliminary project
feasibility study, potential business partner pitching, one-stop intellectual
property solution plan, local incorporation registration and application for
government funding. If you are interested in starting business in China, just
contact us.
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