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The How of Business - How to start, run, grow and exit a small business.

R4: Ideation

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 18 May 2020

⏱️ 41 minutes

🧾️ Download transcript

Summary

(rerun) How to develop ideas for a new small business, and to help you grow your small business. How do you come up with new business ideas? Henry Lopez & David Begin also discuss the role of creativity in the ideation process. This is an edited rerun of episode 4 of the podcast.

Henry Lopez is a serial entrepreneur, small business coach, and the host of this episode of The How of Business show – dedicated to helping you start, run and grow your small business. (TheHowOfBusiness.com)

Transcript

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0:00.0

Welcome to the How of Business with Henry Lopez and David Begin, the podcast that helps you start, run, and grow your small business. And now here are your hosts.

0:16.5

This is Henry Lopez, and welcome to this rerun episode of the Howa Business. This episode is on the

0:22.8

topic of ideation and it's in edited. We've tightened it up, shorten it up a little bit, but it's all

0:28.2

great relevant information on the topic of ideas or ideation. How do you come up with the ideas for

0:34.3

a new business or ideas to help you grow your existing small business.

0:38.7

This has been one of our most popular episodes we've ever released on the How a Business,

0:43.2

and it's great if you're thinking about a new idea or trying to come up with new ideas.

0:47.4

Also related to this topic, episode 131 was an interview I did with Mike Stemple, which I really encourage you to listen to if you have not.

0:56.6

It's on the topic of ideation.

0:59.0

And he really is a great inspiration on this topic.

1:02.2

So I encourage you to listen to episode 131 as well on the topic of ideation.

1:07.6

But here now is the rerun of our episode on ideation.

1:13.2

I think we both have thought about this, but I brought this up, David, because I come across

1:18.6

this often as I'm working with clients who are looking to start a business or as we chat with

1:24.0

perspective or aspiring entrepreneurs. And it seems to always come up. And it comes up for us as

1:28.8

well. This concept of an idea, is my idea good enough? How do I come up with new ideas? Oh my gosh,

1:35.6

how could I possibly come up with this incredible idea and come up with this new invention and

1:40.4

get rich off of that? And so I think we put so much pressure on it that it's a very interesting topic to dive into, I thought.

1:47.6

Agreed.

1:48.1

And all businesses start with some idea.

1:50.7

And so we're going to talk about how people formulate the idea and then going on to how people execute that idea.

1:55.4

And I've gone back and forth on whether the idea part is easy.

...

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