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  • Ask AI Anything: We asked ChatGPT 'How do I come up with a good business idea?'—Here's what it said

Ask AI Anything: We asked ChatGPT 'How do I come up with a good business idea?'—Here's what it said

Wondering how to come up with a great business idea? Discover simple, practical steps to identify profitable opportunities by solving real problems and leveraging your skills.

Ajay Joseph | Published : Apr 22 2025, 02:08 PM
1 Min read
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1. Start With a Problem
Image Credit : our own

1. Start With a Problem

Look for pain points in your daily life or industry you know well.

Ask: What frustrates me or others repeatedly?

Good businesses solve real problems. No problem = no business.

Example: Uber started with the frustration of hailing cabs.

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2. Focus on Your Strengths
Image Credit : Getty

2. Focus on Your Strengths

List your skills, knowledge areas, or passions.

A good idea is often where what you love meets what you're good at and what people will pay for.

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3. Find Market Gaps
Image Credit : Getty

3. Find Market Gaps

Research existing products or services and ask:

What's missing?

What could be done better?

What are people complaining about in reviews/forums?

Tools like Google Trends, Reddit, Product Hunt, or Amazon reviews can reveal unmet needs.

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4. Follow Trends With Long-Term Potential
Image Credit : social media

4. Follow Trends With Long-Term Potential

AI, sustainability, creator economy, digital health, and remote work tools are examples of fast-growing sectors.

A good idea rides a wave that’s getting bigger, not smaller.

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5. Talk to People
Image Credit : Getty

5. Talk to People

Ask potential customers what they wish existed.

Conversations > assumptions.

Even a rough idea can be shaped through feedback.

Ajay Joseph
About the Author
Ajay Joseph
With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences. Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats. Read More...
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