Every entrepreneur is always in search of good project ideas. For that theory Can try to expand new horizons but it still is a case of an Entrepreneur's Gutt Feel. But like Tesco - 'Every little bit Helps' here are some key points to look forward to.
Following points will guide you towards selecting a business idea.
- Examine the inputs and outputs of various industries.
- Analyse the performance of existing firms.
- Review imports and exports.
- Study plan outlays and governmental guidelines.
- Look at the suggestions of financial institutions and developmental agencies.
- Investigate the local materials and resources.
- Analyse economical and social trends.
- Study new technological developments.
- Draw clues from consumption abroad.
- Explore the possibilities of reviving sick units.
- Identify unfulfilled psychological needs.
- Attend trade fairs.
- Stimulate creativity for generating new product ideas.
- Hope that chance factor will favour you ! !
Ultimately everything calls for Thorough Research in Your Domain to lead you towards your Eureka !!
So what r u waiting for... use them and get success ... good luck...
Source : Analysis of Projects by Prasanna Chandra
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