{"id":138502499,"date":"1970-01-01T00:00:00","date_gmt":"1970-01-01T05:00:00","guid":{"rendered":"https:\/\/acccapital.com\/i-want-to-start-a-business-but-dont-know-where-to-start\/"},"modified":"2026-04-02T13:09:15","modified_gmt":"2026-04-02T17:09:15","slug":"i-want-to-start-a-business-but-dont-know-where-to-start","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/i-want-to-start-a-business-but-dont-know-where-to-start\/","title":{"rendered":"I Want to Start a Business, But Don\u2019t Know Where to Start"},"content":{"rendered":"<p>The New Year is here and it\u2019s time to start that business you have always wanted to!\u00a0 So from last week\u2019s post, Secrets to Starting a Business, we know that it is going to take a lot of hard work to get started.\u00a0 Remember &#8211; Pay Attention, Learn What to Do, Do the Work Now, Not Later.  Now let\u2019s say you are eager, ready and know you are in for a hard fight, but you don\u2019t have a clue as to what kind of business you want to start.\u00a0 Or perhaps you have a hobby or area of interest you\u2019d like to pursue but no concrete ideas for products or services.\u00a0 No worries, let\u2019s talk about how you come up with your business idea.  <\/p>\n<h2>What is Needed in Your Community?<\/h2>\n<p>  According to Entrepreneur.com\u2019s article <a title=\"Starting a Business: The Idea Phase\" href=\"http:\/\/www.entrepreneur.com\/article\/217368\" target=\"_blank\" rel=\"noopener\">Starting a Business: The Idea Phase<\/a> focus on what you feel will work in your local area.\u00a0 Even if this is a big national brand like Starbucks.\u00a0 This is what Minneapolis based <a title=\"Caribou Coffee\" href=\"http:\/\/www.cariboucoffee.com\/\" target=\"_blank\" rel=\"noopener\">Caribou Coffee<\/a> did.\u00a0 They realized an alternative to Starbucks was needed that focused more on being a comfortable community place to hang out in their market and they now run the second largest gourmet coffeehouse chain in the country.  <\/p>\n<h2>Look for Ways to Make Existing Products Better<\/h2>\n<p>  \u201cBuild a better mousetrap, and the world will beat a path to your door\u201d is a phrase attributed to Ralph Waldo Emerson.\u00a0 While this is actually a misquotation of Emerson, it has served as a leading metaphor for innovation and invention.\u00a0 As you contemplate your business idea take a look at the world around you, sometimes a taking trip to your local Wal-Mart of other big box retailer and strolling through the isles can bring inspiration.\u00a0 Look for products that make you think I could do that better.\u00a0 Also, listen to what others tell you they are struggling with in their lives.  <\/p>\n<h2>Test Your Hypothesis<\/h2>\n<p>  Once you have identified one, two or a few ideas that you think might be viable businesses, it is time to test your hypothesis.\u00a0 Build a storyboard, sketch or even a mock-up of your product and talk to people you know and get their opinion.\u00a0 Identify who might be your target customers and suppliers and get their opinion.\u00a0 An excellent model that can be utilized for this was born from the tech world is the <a title=\"The Lean Startup\" href=\"http:\/\/theleanstartup.com\/\" target=\"_blank\" rel=\"noopener\">Lean Startup<\/a>.\u00a0 Entrepreneur and author Eric Ries has designed a simplified process to speed up the process of identifying the viability of opportunities.  The most important item to remember while contemplating business ideas is know that it can take a while to find the right one.  &nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>The New Year is here and it\u2019s time to start that business you have always wanted to!\u00a0 So from last week\u2019s post, Secrets to Starting a Business, we know that it is going to take a lot of hard work to get started.\u00a0 Remember &#8211; Pay Attention, Learn What to Do, Do the Work Now, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[110],"tags":[],"class_list":["post-138502499","post","type-post","status-publish","format-standard","category-lending-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>I Want to Start a Business, But Don\u2019t Know Where to Start | ACC Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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