Business innovation ideas are not foolproof guides to follow, they require creativity. They need a great deal of awareness to identify and solve real problems.
Have you ever dealt with an unexpected challenge thrown at you? Many people collapse under the pressure of uncertainty, but only a few can overcome it. Business innovation is an ongoing process where you need to address new challenges, meet new people and work under adverse conditions to solve a real-world problem. It does not matter how big or small a problem is but it is about finding a solution and building a successful business.
Is Business Innovation for You?
Business innovation is not everyone’s cup of tea. It requires a great conviction, hard work and persistence to succeed. If you want to know whether you can break through the business innovation ideas shared in this article, ask yourself these questions.
1. Are you adaptable to changing conditions?
Do you feel uncomfortable meeting new people, visiting new places, living in adverse circumstances? Because to work out a business innovation idea is to solve a complex problem where you will face new challenges, people and circumstances on a regular basis.
2. Are you ready to fail for unknown times?
The innovation cycle is a series of failures that may make you feel frustrated. Yet remember, these failures are only progressive attempts to bring a possible solution to the problem.
3. Are you able to think and act faster?
It’s very important to think and act quickly in the fast-moving world. If you are able to think critically and take the right action immediately, you can only come up with an innovative idea otherwise your solution may be out of date.
4. Are you able to think out of the box?
Thinking out of the box is one of the most important qualities you need for business innovation ideas. However, if you don’t know how to think out of the box, then read the article till the end.
Best Business Innovation Ideas for 2020
Congratulations! You’re going to rise to the next level. Because you’re looking for a better way to solve a problem. Here are the five best business innovation ideas for 2020 which really solves a genuine problem.
1. After-School Program
After school programs are well-researched and planned events that improve the overall development of children. Each parent wants to send their child to a place where they can participate and learn a lot of things, such as social skills, new language learning, music, dance, and mental activities.
We’re living the most comfortable lifestyle today. There is no doubt that technological advancement has made life easier, but it has a bad effect on children. Children are becoming addicted to smartphones, TV shows, for which they are losing their potential and productivity. But after-school programs are one of the best business breakthrough concepts of the hour.
2. Career Counseling
According to recent research, more than 70% of people are not satisfied with their job or profession. Career counseling is not about telling someone to take a career option over another. It’s about figuring out what a person’s area of interest is, and whether working in that area would be conducive to that person’s personality.
Career counseling is one of the best business innovation ideas in 2020 if you understand these four points
Know your audience
There are a number of individuals who seek guidance in their career progress. However, you need to be clear about your audience, whether the career solution you provide is for school students, graduates or professionals.
Medium of communication
You can communicate online or offline with your audience. Both of these ways can work better if you’re able to do them effectively.
How to deliver the best solution
Deliver more than the expectations of the customer. You should not be just satisfied with “customer satisfaction”, you should focus on “customer delight”. This will increase your value and reputation in the market.
3. Video Producing
In the digital world, every company needs visual content to sell its services or products. Interactive and exciting short videos are required for their audience. It is, therefore, the best business innovation idea for 2020 if you have the skills.
You require a good camera, tripod, some video editing software, and basic camera skills to kick start your new business.
4. Online Education
The e-learning industry is evoking day after day. It’s going to grow more in 2020. So if you’ve got a solution to any real problem, you can launch it from your own house.
You require a learning management system to deliver your course.
You may offer a simple skill development course, an exam preparation course, a non-academic course or anything you’re good at. You need to have a passion for teaching and a persistent effort to build and share an amazing course with your audience.
5. Food Truck Franchise
Food on the wheel is a traditional business idea. However, you can set up your own food truck brand and open your franchise is a great innovative business idea. You can serve good, hygienic food and drink in every corner of town or city. It solves a great problem for students and employees.
The food truck franchise has a lot of advantages over the restaurant business. It’s easier to franchise, it needs less space, it’s movable and it needs low investment.
Now it’s your turn to take action
The business innovation ideas listed above really solve a genuine problem, so what are you waiting for?
Don’t just start a business, if you’re told by someone, do it if you’re ready to move. Choose the right business idea based on your interest, skill, and area of expertise to serve a specific purpose. The world needs your valuable service.
Author bio: Ariana Smith is a passionate blogger. She loves to share her thoughts, ideas, and experiences with the world through blogging. Ariana Smith is associated with Follow the Fashion & Finance team.