How to choose the Best Business Startup Idea

Achieving success in the entrepreneurial world isn't a mystery; it's just a long and arduous journey.
 
NEW YORK - Sept. 6, 2023 - PRLog -- And as Sun Tzu would say, any thousand-miles journey begins with a single step.
For entrepreneurs, that first step is coming up with that game-changing idea. And that's where most get stuck.
At Foundr, we get hundreds of emails from loyal readers asking us the same thing, "How do I come up with the right startup idea?"
It's a simple question, but it's actually hard to answer because not all ideas are the same. Taking a look at all the great success stories Foundr has been exposed to, I was able to track down 5 ways in which all great ideas are born.
Want to know what they are? Keep reading.

By definition, an entrepreneur's job is to create change whether locally or internationally.
As an entrepreneur, your job is to bring the world to a future that only you can see.

"The entrepreneur always searches for change, responds to it, and exploits it as an opportunity." – Peter Drucker.

But how do you look into the future, outside of crystal balls and the odd visit to your local fortune-teller?
While it's impossible to predict the future, what you can do is employ what management consultants call "strategic foresight."
In the simplest terms, strategic foresight is essentially the ability to make informed and educated guesses. However, it's more than just trying to predict the next market trend.
Strategic foresight looks into the past for recurring trends and which apply to the future. The goal is to take all the information available in the present and actively implement strategies to shape and inform the future you want.
Strategic foresight is either planning for the probable outcome or trying to manipulate it so that you achieve the preferable outcome.

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