New York SBDC Research Network

From The Balance : Coming up with a business idea is the first step in starting a business. But how do you come up with a business idea that is right for you? If you are looking for a small business idea to kickstart your path to entrepreneurship, you are in the right place. This list of 101 small business ideas includes everything from personal services, to retail opportunities, to environmental services, to pet-related ideas, to technology businesses.

From The Simple Dollar : What was the last great business idea you had? Do you remember it? What did you do with it? Did you write it down? If you’re like most people, you had a great idea, never wrote it down, told a couple of co-workers or your spouse, and let the idea fade away without taking any meaningful action to pursue it. Or maybe you were worried about other people stealing your idea, so you kept it to yourself thinking you’ll pursue it later. But for most of us, that someday never comes. Maybe you even went as far as laying out your idea into a business plan. Whether you’re a seasoned entrepreneur or someone who has been eyeing a startup or side project to generate some additional income, good ideas often come and go like the seasons in the Midwest. But what if they didn’t? What if you actually took steps to pursue your ideas and see if they were good? According to sales expert and personal development guru Brian Tracy, “The average person has four ideas a yea...

From The Balance : If you are looking for a small business idea to kickstart your path to entrepreneurship, you are in the right place. This list of 101 small business ideas includes everything from personal services, to retail opportunities, to environmental services, to pet-related ideas, to technology businesses. Use this list to identify the business idea that is perfect for your situation. It's time to take the next step, and evaluate the business ideas that made it to the top of your list. Doing this research at the beginning of the process is vital to avoid wasting time and money on a business idea that flops.

From Bplans : For some people, coming up with ideas is as easy as spotting chewing gum on the sidewalk. For others, it’s nearly impossible. For me, new idea generation isn’t just easy, it’s something I’m doing all the time and often without trying. I do not believe this is an innate ability, but rather a “skill” that I’ve learned and practiced over the entire course of my life. While this “learning” has primarily been subconscious, as I’ve run into more and more people who struggle to come up with new ideas, I’ve made an effort to become conscious of how I do it and where I do it best. The fact that research on the subjects of creativity and innovation has become so popular certainly helps too. I fully believe that anyone who puts in enough practice and who makes a conscious effort to notice problems and identify needs, can improve their ability to come up with new ideas.

Now that you’ve solved your cash flow problems, it’s time to figure out how exactly you want to approach growing your business. Unfortunately, since the needs and strengths of every organization are different, there isn’t really a cookie-cutter approach you can take to ensure your business will expand effectively. As such, it’s important that you do your due diligence prior to investing your capital. After all, you don’t want to find yourself overwhelmed with cash flow problems right after you’ve solved them. 1. Expand to new locations Whether you’re running a retail shop, a medical practice, a restaurant, or even a business-to-business tech company, you may be able to generate higher profits by expanding your organization to new physical (or even digital) locations. But, it’s important to remember that you can’t expect to simply open a second location, sit back, and watch your bank account get fatter. Believe it or not, the success of one location doesn’t really have any bearing o...

Ideas have to run through an obstacle course of hard realities before they are really opportunities. Few ideas make it. Everybody has ideas, Millions of them are floating around everywhere. Every problem anybody encounters is a solution waiting to be unwrapped. Every time somebody follows the comment “there should be a better way” by suggesting a better way, that’s an idea. An opportunity is way more important than an idea.The difference between idea and opportunity is huge. An opportunity is an idea somebody can execute. More from Bplans.com

The Business Idea Center can be very helpful to the budding entrepreneur. Click on the industry, or interest, and drill down to the business you are interested in. You'll read: Business At A Glance, including startup costs, home based (whether it can be operated from home), and whether franchises are available. More detail in the business overview.

Ideas for blog posts are endless, but sometimes it helps to have a little spark to get your ideas flowing. In this post you’ll find 103 “sparks” for you along with 50 more places to look for inspiration. These ideas range from serious to silly and you’ll find some are a better fit than others for your style of blog and your goals. But before you choose any of these ideas, stop to answer these two questions: 1. How can I make this post valuable for my readers? 2. Will this post create value for me? More from Michelle Shaeffer .

Don’t be afraid. Every professional services firm (marketing, business consulting, accounting, medical, law, et al) in the history of ever struggles with content marketing. Not necessarily from a tactical perspective, although “finding time” to create content is often a presumed obstacle in these organizations. But the biggest issue is fear. Companies that are paid for what they know instead of what they make are paralyzed by the thought of giving away their “proprietary processes” and “secret sauce” through a content marketing initiative. “Why would we write a blog that explains how we do things? Then our competitors will know our what we know, or our customers won’t need to hire us,” they say. (And they DO say this. All the time.) WHY? See the answer from SmallBusinessNewz

From the Dreamspeaker : All successful business leaders realize that, although things are quiet at the center, much like hurricanes, it’s always at the edges where the destructive winds are blowing. Management has learned to always be wary of all decision making systems that have been designed to work in conditions of low risk, stable environments and continuity. Like Newton’s eureka moment, which led to his famous theory of gravity, leaders know that stable circumstances never last and what they have created they must eventually destroy or a competitor will do it for them. Their eureka moments have led them to be the destructive forces at the edges of their own organizations.

From BNET , by Jon Gelberg: So you’ve decided you need to blog. As the owner of the business, you want to put a human face on the brand and become a source of valuable information for customers. Good for you! The big question now is, what the heck are you going to write about? And, more importantly, will anyone read it? Obviously you’re going to have to get a feel for what your target audience wants to read. That will come with time. Right now you just need to start writing. To give you a jump start on your blogging efforts, I’ve come up with 10 specific post ideas that I’ve found work well with most any audience.

I recently worked on a question about getting a business to want to contribute to a non-profit. (It was more complex than that, but that'll do for this purpose.) In researching the query, I came across Business Nonprofit CONNECTIONS, Inc. The About Us page poses this question: "Is your company’s giving making a difference in your community...and your bottom line?" The founder and CEO of the company, Susan Hyatt, "provides small and mid-sized companies with ideas and tools for actively managing their community impacts and giving strategies." Also, there's a lot of free, useful advice in blog articles and links to other resources at the site. And I've been getting some start-up e-mails from her that are commonsensical but useful; e.g., "Lesson One - Your Business is NEVER 'Too Small' To Make A Difference." One can sign up for a "free 12-page report, Great Gifts That Make a Difference, for ideas on alternative giving this holiday sea...

From onlineclasses.org: If you’re preparing for a career in the business world, you’re undoubtedly devoting a lot of time and effort to your schoolwork, internships and networking. But keeping up with business news is equally important, and these websites can help you apply what you learn in class to real-world situations, from the stock market, to international business, to starting up your own company to social media marketing. Here are 100 best websites for your business news and know-how . The list includes General Media (Forbes, Fortune), Blogs (the Curious Capitalist), Social Media (Fast Pitch, PartnerUp), Stock Market and Finance (CNNmoney, Business Index), Entrepreneurship (Entrepreneurship.org, SBA), Business Education (Harvard Business Publishing, MIT Sloan School of Management), Tips, Tools and Tutorials (All Things Workplace, Business Owner’s Toolkit), Career (Penelope Trunk’s Brazen Careerist, Wisconsin School of Business Careers), and my favorite, of course, Green Busines...

Unsurprisingly, we at the Research Network are keen on blogs and blogging. But it's true that a blog that's not updated regularly is probably more problematic than no blog at all. Chris Crum over at Small Business Newz addresses this issue in Business Blogs Only Work if You Use Them . After he notes all of this blogs lying abandoned in cyberspace, Chris notes the benefits of sticking with it: Chris notes that a business blog "can inspire trust and keep the public informed about your business activities. However, it's only going to be a great tool if it is maintained. "I realize an update every day is not always practical, but I wouldn't advise against it unless there is nothing to say. You probably don't want to force your writing, but regular updates are key to making sure people know you are taking the blog seriously, and it will give them reason to come back (or hopefully subscribe via RSS). If your business is on Twitter (or other social media sites)...

From Hill Library : The Internet Intelligence IndexTM can assist you in gathering information to support your competitive intelligence efforts. It contains information from a variety of sources, including links to over 600 intelligence-related Internet sites, covering everything from macro-economic data to individual patent and stock quote information. The Internet Intelligence IndexTM is divided into three main categories: General Business Internet Resources, Industry-Internet Resources, and International Internet Resources. The Index is compiled by Fuld & Company, a top research and consulting firm in the areas of business and competitive intelligence.

I was informed about a very interesting article earlier this week through a subscription email I get through J.J. Hill Library. The article, originally published by Harvard Business Review, lists 20 Breakthrough Business Ideas for 2009 . An excerpt from the article is below. "Caught between two elemental forces – one called Calamity and the other called Change – we launch our latest edition of breakthrough articles into the teeth of a gale. A new administration has taken charge in the United States at a time of major challenges on many fronts. The world economy staggers toward stabilization and whatever comes next. Business soldiers on, controlling what it can and coping with what it can’t."

Our pals at JJ Hill Library are touting this tool developed by the Missouri SBDC: So you've got a new business idea, have you? Will that idea catch fire with your customers, or misfire? Will you blow away the competition or be overrun by them? Will your idea support your weekly grocery bill? Get help articulating important questions like these and learn how the answers can inform your nascent business idea with this business evaluation tool... The tool can help you decide objectively whether your idea is worth pursuing. Some of the other resources on this useful site are specific to MO entrepreneurs, but many are more broadly applicable. Check out this startup expense worksheet, or this detailed financial projections tool (with instructions) by way of example. And may all of your business ideas be pursuit-worthy!

I'm sure a number of our clients could afford to practice their story or pitch. Here are few sites on developing an elevator pitch. www.wikipedia.com Elevator Pitch Youtube.com Elevator Pitch The Art of the Elevator Pitch www.businessknowhow.com By Robert Pagliarini of SeekingCapital.com The Perfect (Elevator) Pitch BusinessWeek.com by Aileen Pincus

Well, I am surprised to see that I have not written about this most favorite website. The Halfbakery is a wonderful site for innovative thinkers to run their ideas by other thinkers/would-be inventors. I have found this site useful especially for those - "the world has never seen a product like mine..." clients. For every idea presented, posters will then weigh in on whether they think it is a good idea(viable or not) and often present examples of similar or existing products. Many products are completely fantastical but then some ridiculous sounding ideas have actual examples out in the world. This was the case with the collapsing bollard, and I just read about the "dog jack" that I can imagine being a real product like the doggie stairs we see so often. Here's another that would probably be popular if it existed: School kid pick up express: "So what I thought of is a transponder for each family. When we arrive at the school driveway, our ID and our kid...