Comments on: Four Sources of Innovative Business Ideas

By: Fisayo @ Secrets of Entrepreneurship

Fisayo @ Secrets of Entrepreneurship — Fri, 07 Oct 2011 07:53:25 +0000

Great post! For me, the best source for business idea is Customer Complaints.

By: Roger Hamilton

Roger Hamilton — Tue, 10 Aug 2010 07:32:52 +0000

Thanks for sharing your ideas. Sometime We come up with a great idea that will give us success but drop it before it has been properly executed to go on to the next big thing or something that’s more exciting. We always want to be occupied with the next big thing! We lack Focus unless we specifically and consciously “decide to focus”.

By: jenna

jenna — Wed, 04 Aug 2010 21:42:08 +0000

Hobbies are a great way to start a business I am very involved in crafts and Its been fun to see how many other crafters are selling things on ebay or etsy and making good money doing what they loved. These people realized that enough people like their stuff that perhaps others would pay for their products. These people took a chance and it worked, fair prices help too.

By: Ari Massoudi

Ari Massoudi — Wed, 21 Jul 2010 14:17:23 +0000

Thanks Calvin for your answer. Ok, I get it ! I had understood that entrepreneurs should be able to sell their new products even before clients have it in their hand.

By: Wisepreneur

Wisepreneur — Wed, 21 Jul 2010 13:04:48 +0000

Hi Ari,

Coming up with a good idea is the first part of innovation. The second part of innovation is commercializing the idea. An entrepreneur usually cannot afford to continue to provide products and services to customers unless the customer pays for them. When the customer pays a little more than the cost of providing the product or service, the entrepreneur makes a profit. The profit gives entrepreneur the motivation to continue to innovate.