The Sweaty Startup 417: How to come up with a great business idea in 2025
15 snips
Jan 16, 2025 Dive into the world of entrepreneurship and uncover strategies to discover great business ideas for 2025. Explore how delaying gratification can nurture long-term growth, with insights into niche retail and emerging service trends. Learn about lucrative opportunities in traditional trades like HVAC and construction. Gain actionable advice on competitor analysis, identifying market gaps, and crafting robust financial projections. Get inspired to embrace challenges and unleash your entrepreneurial spirit!
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List Growing Services to Offer
- Make a list of 10 potential services you could provide based on growing markets.
- Avoid markets where customer base is shrinking or highly competitive, like traditional restaurants.
Outsourcing Drives Market Growth
- Customers increasingly outsource tasks, creating larger markets for services.
- You don't need to steal customers from competitors; grow with new customers coming onto the market.
Storage Business Success Story
- Nick's storage business thrived by targeting growing international student market at colleges.
- He gained customers without competing directly, leveraging the influx of foreign students as new demand.