How to Find a Great Idea Inspiration for your next amazing business idea can come from anywhere, so pay attention!

By David James

Here are three ways that inspiration hit some very successful business people.

  1. Annoyance. Bothered by a $40 late fee on a rented video, Reed Hastings thought to himself that video rentals should work like gym memberships -- you get charged the same amount each month no matter how much you use them. And from that, Netflix was born.

  2. Noticing a trend and building off it. Gregorys Coffee founder and CEO decided to start his own business while sitting in a Starbucks. He realized he wanted to create an experience for people who like the speed of Dunkin Donuts and Starbucks, with the atmosphere of a boutique coffee shop.

  3. They recognize needs. House cleaning and dog walking don't seem like innovative ideas, but people have started lucrative businesses focused on giving people what they crave most -- time.

These tips and many more come from Start Your Own Business. Check it out and other great resources at the BIZ Experiences Bookstore.

David James

BIZ Experiences Staff

Staff writer

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

More from BIZ Experiences Exclusives

3 Simple Ways to Boost E-Commerce Sales

Why Your First 1,000 Customers Are Your Most Important

How to Grow Your Business By Finding New Customers

How to Beat The Working From Home Blues (60-Second Video)

Science & Technology

OpenAI's Latest Move Is a Game Changer — Here's How Smart Solopreneurs Are Turning It Into Profit

OpenAI's latest AI tool acts like a full-time assistant, helping solopreneurs save time, find leads and grow their business without hiring.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Money & Finance

These Are the Expected Retirement Ages By Generation, From Gen Z to Boomers — and the Average Savings Anticipated. How Do Yours Compare?

Many Americans say inflation prevents them from saving enough and fear they won't reach their financial goals.

Side Hustle

This 26-Year-Old's Side Hustle Turned Full-Time Business Led to $100,000 in 2.5 Months and Is On Track for $2.5 Million in 2025

Ross Friedman's successful venture started with a "Teen Night" in Boston, Massachusetts.

Business News

Apple Smashes Expectations With $94 Billion Quarter. Here's How the iPhone Maker Did It.

Apple just reported a significant revenue beat for its latest quarter, exceeding analyst expectations.

Business News

'We Don't Negotiate': Why Anthropic CEO Is Refusing to Match Meta's Massive 9-Figure Pay Offers

Anthropic CEO Dario Amodei laid out his rationale on a recent podcast for why he will not play the competing offer game despite Meta CEO Mark Zuckerberg's attempts to poach AI talent.