Week 2: Brainstorming Madness!

I asked my father, what type of business can i do. He replied, what can be done, is it useful to others? How can my stuff make an impact and fulfil my audience's needs. Is it related to my passion, one of the key to success as it drives you more. Is it even realistic?, a business that requires large amount of funds?
After all i could only do a business with low amount of funds.

Here are my thoughts:

At first, i didn't want to be an entrepreneur because it is not really making money, risk of losing money is too high if you do not survive your first 3 years of business, you should always focus on how your going to deliver your values to the world then you take out of it, which is very time consuming as you are required to plan and find people to assist you in the progress in able to fully take action.

Here are my brainstorming tools to further assist me in which area i should focus on.

Build upon your skills, hobbies or interests:

Interests, Skills, hobbies or experience	Business Idea
Gamer	Coaching,casting,organize competitionwith registration fee,marshal
Event management skills	Organize or hold an event/competition MC,
Making drink	Sell honey,milo etc drinks
Cut ingredients neatly	Nice appealing shapes like jelly to complement with drinks
Cancer patients	Found a social enterprise,blog provide resource    For cancer.     Match patients to doctors service
Volley Ball	Volleyball Blog, Sport Shop Volleyball coach proprietor Sports shop

Copying or improving another successful idea:

Current successful idea	Improved business idea
apple ipad	Tablet with better designs
Twitter	Microblog with
Bubble tea	Jelly with honey drink
connectyou	facebook

Combining two or more existing business ideas in a new way:

Business Idea 1	Business Idea 2	New Business Idea
Cooking	Picnic	Picnic delivery
Drinks maker	Sports carnival	Sports event delivery

Spotting a gap in the market:

Trend	Need	Possible Business Idea
Financial institutions failing and needing bail outs	An alternative or more transparent financial institution	Alternative banking or payment systems
High unemployment rates and people now have time!	Live on shoe-strong budget Spend their time productively	Cheaper essential products Gym, self-improvement courses Import cheap and essential goods from Asia
Increase in divorce and single-parent families	Help to look after children	Baby-sitting service After school care service Home delivery of nutritious food for children