Starting a company

Today you will start your company, in groups of 4 students.

Brainstorming:

The first thing to do is to start thinking about a business idea. You can decide whether to design a sustainable product, a sustainable service or a company with a general product or service but with a CSR-way of producing/management.

Just follow directions and you will get all the information you need!

 

Here are some tips for you to help you get started. 

1. What about your hobbies as a business?

Many people have hobbies and skills, which could be turned into worthwhile and profitable businesses.
Make a list of your hobbies and brainstorm with your friends, family or group members on how any of these hobbies could be turned into a business.

 

2. Are there any gaps in the Marketplace?

Have you ever said to yourself “where can I buy.....?” or “why can’t I buy…?” in my local area or school. If so, a new business idea could be staring you in the face!

 

3. Use ideas which have been used before. Maybe you can give them a new twist.

Remember many successful companies do not try something completely new, they build upon ordinary ideas and make something special of them. Look around your local area, what kind of businesses exist? Could you offer something better?

 

4. Idea generation techniques

There is a whole array of idea generation techniques which could be used in coming up with new ideas for businesses. One of these is brainstorming.

Brainstorming

Successful brainstorming generates massive quantities of diverse and sometimes fantastic ideas.
Fantastic ideas are good during brainstorming, not bad. You want a high quantity of ideas during brainstorming, not quality. There will be plenty of time later to dissect and analyse.

Effective brainstorming can take place in groups or individually. Some of the ideas submitted to a brainstorming session may seem off the wall initially. After consideration these may turn out to be perfectly good business ideas.

Rules for Effective Brainstorming.