Small Business Requirements
small business requirements
How to Find Your Small Business (or Idea)
If you have been thinking about starting an online business but just have not come up with the business idea that knocks your socks off then it is perhaps time that you consider brainstorming. Brainstorming your small business idea may very well set you on the path to financial freedom.
Webster’s Dictionary defines brainstorming as a problem-solving technique that sparks a spontaneous generation of ideas. Brainstorming works through the power of association by offering ideas around a particular subject or problem.
Brainstorming has these basic components:
A. Generating as many solutions to a problem as possible
B. Listing every idea presented without comment or evaluation
C. Grouping and evaluating ideas to reach consensus
D. Prioritizing ideas.
Brainstorming your small business idea can help you choose a topic, develop an approach to a topic, or deepen your understanding of the topic’s potential. This is why brainstorming can be extremely beneficial.
Brainstorming your small business idea helps you think outside-of-the-box! Remember that the purpose of brainstorming your small business idea is to generate ideas so avoid other idea-squashers. Do not evaluate or pass judgment on the ideas as you think of them.
Brainstorming your small business idea can be an extremely effective way to generate lots of ideas on a specific issue and then determine which idea – or ideas – is the best solution. This can be particularly useful in providing creative solutions to problems that have defied traditional problem-solving methods as well as in such applications as new product development. However, brainstorming your small business idea requires a comfortable, non threatening environment to work effectively.
Brainstorming your small business idea is very well suited to internet marketing because it can be very manageable to serve a niche, something that would have been more difficult prior to the internet revolution which began in the late 1990s. And small business creates 75% of all new jobs and anchors our communities. Small Business’ are the largest employers in America.
When brainstorming your small business idea creativity is enhanced, because individuals are encouraged to bring up all ideas – even those that might appear outrageous. The Site Build-it (SBI) manger brainstorming tool is a very powerful tool for keyword research for your site concept.
Problem solving in small business requires brainstorming of options and alternatives and problems are defined better as questions arise. Thinking challenges in the form of puzzles and other fun activities can get your creative juices flowing before brainstorming. And creativity can be enhanced if individuals are encouraged to bring up all ideas – even those that might appear outrageous.
When brainstorming your small business idea listen to other ideas, and try to piggy back on them to other ideas. List at least 25 practical uses with explanations if necessary. List or describe (in a sentence or two each) at least ten consequences. List the attributes of the problem, object, or situation as you would in a standard attribute analysis. List at least six attributes and at least six alternatives for each. Listing each condition to be met or the part to be covered will assure that none are overlooked. List the concept(s) you chose to use, and describe how you’ll use them.
Asking questions are one of the best tools for unlocking creativity. Questions are the best way to get brainstorming started. Brainstorming is a skill that comes with practice and is not a cult or a ritual so use it to your advantage and begin brainstorming your small business idea.
And keep in mind that brainstorming isn’t coming up with an end finished idea, its about creating the ideas that spark the ideas. Brainstorming is creating a list of whatever comes to mind.
Brainstorming your small business idea is most effective when you come up with many possible solutions to overcome one specific obstacle instead of thinking up many unrelated ideas.
Brainstorming your small business idea is particularly effective when others provide different views, ideas, and solutions around one problem.
About the Author
Sharyce Arciaga is the author of this Article and has an extensive 20 year background in the area of Sales and Marketing. Find your perfect idea or concept for your Small Business. Make sure to take the Video Tour Today!
what is a small business grant, how does it work, and are there requirements to be eligible for one?
It is hard to find grants to start a business. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for starting a for-profit business.
One possible exception is for companies developing or exporting agricultural goods, including food and forest product. Another exception could be the Small Business Innovation Research (SBIR) or Small business technology Transfer (STTR) programs http://www.sba.gov/aboutsba/sbaprograms/sbir/index.html , which fund the research and development of technological innovation that meets specific government needs.
Your best bet actually will be from the states if they offer grant programs for women (or any other special interest groups — minorities, women, disabled, veterans, etc). Or check with non profit organizations, particularly women organizations if they offer grants. Examples include
Iowa Women’s Foundation http://www.iawf.org/
New Mexico Women’s Foundation http://www.nmwf.org/guidelines.html
Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/mostrequesteditems/CON_FAQ2.html
“The U.S. small business administration does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. (See http://www.sba.gov/financing for more information) While SBA does offer some grant programs, these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.”
Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any grant that would support a for-profit venture.
Here is a listing of federal grants for small businesses. See if there is any available for individuals for starting a business — THERE’S NONE.
http://12.46.245.173/pls/portal30/CATALOG.BROWSE_BENEF_RPT.show
Most of the federal grants are given to specific target groups with specific requirements (e.g. minority business owners involved in transportation related contracts emanating from DOT – Grant#20.905 Disadvantaged Business Enterprises Short Term Lending Program
Grants are also often given to non profit groups or organizations involved in training or other similar activities (grant 59.043 Women’s business ownership Assistance that are given to those who will create women’s business center that will train women entrepreneurs
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