How to find the perfect business idea in Sri Lanka

You should have an idea in case to start a t-shirt business, export cinnamon, build an app. Run a restaurant or anything you can do as a business. You are helped here . This is something you have to come up on your own..

How to find the perfect business idea in Sri Lanka

First of all. A business idea is needed by you. You should have an idea in case to start a t-shirt business, export cinnamon, build an app. Run a restaurant or anything you can do as a business. You are helped here . This is something you have to come up on your own. But I’m not gonna leave you hanging.

I’ll share some ground rules which will make your life easier when coming up with a business idea.

Business idea shoudn't be so innovative

Here’s a misconception most of us have. We think our business idea has to be so distinct because no one else should do it. That’s crazy. There’s a good chance because while you’re thinking of your “unique” idea. Someone must be already working on it or thinking about it. There’s no such thing as a distinct idea. Waiting is stopped for a shooting star . Start at ease.

You can use business idea already in use?

Just as a result someone else is running online shoe business. It doesn’t mean you can’t do the same. Every industry will have just one player and we all will have to buy from them. There will never be new restaurants. New clothing brands or new anything. We don’t want to start a business that’s already in the market due to we feel guilty. We feel as we are stealing business from someone else. But what we don’t see is Sri Lankan market is expanding.

There will be more people with more money to buy more things in the future. You don’t have to win at the cost of someone else’s failure. The market is huge. It’s a zero-sum game not anymore . Whether you’re thinking of starting a business which is already out there. You now have the answer .

Its easy to find suppliers for your business

Imagine you want to start your own clothing brand. Do you think every person who’s running a clothing brand manufactures their own items? Some do but most of them source from distinct suppliers.

Whether you’re thinking how you’re going to find them. Thinking is stopped . Start searching. Google and you shall find (Here is an exercise. Google t-shirt suppliers in Sri Lanka. Do it now. If somebody else has managed to do it. That means there is a way to do it. You just don’t know-how. You once start digging you’ll find the way .

It's also easy to import products

When I started my online bookstore. I had no idea about importing. I didn’t know the procedure. I didn’t know how to find suppliers. I didn’t know how to make payments. I didn’t know anything. Most of us are in doubt now that we haven’t understanded the “how.” How is known by the moment you to do it . You’ll have all the answers. That’s what I exactly did . I started searching for book suppliers in India and I started emailing them. When emails didn’t work. Calling them was started . My book suppliers were found by that’s how I .

In a time where there was no internet, WhatsApp or email. Importing products were started by our parents and grandparents from all over the world . Imagine how difficult it must have been? With what we have today. What we today a piece of cake to find a supplier from another country and it’s just get it down . Find a problem and solve it I started Jumpbooks.lk out of frustration now that I couldn’t find some of the greatest non-fiction books in Sri Lankan stores.

Business is all about Find a problem and solve it

I decided to solve the problem to myself. I knew because there will always be one customer to buy from me. That customer is me. A business is a solution to an existing problem. Whether you’re solving a problem in the market with your product or service, that’s good enough . Figure out what’s missing in your industry. Whenever you think “wouldn’t it be good if there was a product/service for this and that” that’s a business idea.

Interesting problems are solved by greatest businesses. My first business ever was a ladies jewelry business . I realized because ladies jewelry was super cheap in Aliexpress.com and I figured I can resell and make money. That’s what I so did . I ordered a bunch of jewelry and tried selling online.

Passion Over Money

IIt doesn’t mean you can also do it and make money. As cliché as it sounds. Money shouldn’t be the only factor when considering business ideas. Try to find a business idea that combines your passion and talents. If you’re passionate even not now . Select something because you will be passionate about in the future.

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