Home » Business Ideas in Nigeria: 7 best ways to Come up with an idea

Business Ideas in Nigeria: 7 best ways to Come up with an idea

Everything begins with an idea. Though it may appear that coming up with fantastic Business Ideas in Nigeria is simple, there are times when you simply cannot find inspiration. Alternatively, a lack of information prevents you from developing truly successful Business Ideas in Nigeria for your next startup.

For me, coming up with new ideas isn’t just easy; it’s something I do all the time, often without even realizing it. Instead, I view it as a “skill” that I’ve acquired and honed over the course of my lifetime.

I fully believe that anyone who puts in enough practice and who makes a conscious effort to notice problems and identify needs can improve their ability to come up with new ideas in Nigeria.

How to generate ideas for business In Nigeria?

It is not a talent to be able to generate business ideas, but the regular practice that can make you an “ideas-generating” guru.

Business Ideas in Nigeria 7 best ways to Come up with an idea

1. Develop an inquisitive mindset

Begin to be interested in and involved in what is going on in the world. Spend 30 minutes per day reading popular blogs, news portals, or watching breaking news. Learn about newly launched startups and how they are growing.
It will not take long to become aware, but it will help you learn a lot about various industries and innovations.

2. Focus on problems in Nigeria

Successful business ideas solve real problems.

Learn about the problems people face in daily life. Talk with family and friends about their problems at work, in sport, with clothing, food, etc. Think about your own problems and difficulties. Is everything perfect in your life? Probably there are things you would love to improve or change. Think about it.

3. Explore

Web surfing can be a great way to have fun and get some cool ideas. Visit popular Nigeria using entertaining websites, question and answer platforms, popular forums and learn social media trends and what Nigerians are talking about. What are some hot topics of discussions and popular shared posts on social networks? It can be a good source of ideas.  

4. Travel more

Travelling is one of the most excited and effective ways to get inspired and generate ideas for business in Nigeria. Visit different states, meet new people, learn about cultures and spend time sightseeing. It is like a breath of fresh air in daily life.

Make travelling be a part of your regular lifestyle. Set a plan, for example, to visit one new city or town every month. You will see how much creativity it will evoke in you.

5. Focus on making life easier

There is a huge number of cool products that appeared as a result of our attempts to make life easier, cheaper, and more convenient. And this is really a great approach to creating new products.

People love everything that simplifies everyday staff.

What takes most of your time?

What would you like to make easier or faster?

Think about it.

Probably, the answers will help you to create the next big idea. People are searching for conveniences and time optimization. Make use of it. Think about the ways to make life cheaper and easier.

6. Read more business books  

Continuing to talk about the role of books, I should stress that good books are the number one source for inspiration and getting knowledge.

Reading can show you where to start!

Books can help you to learn many lessons, give new business ideas, and understanding how to implement them.

If you are a starting entrepreneur, here is the list of business books I would recommend you to take into account:

The Lean Startup by Eric Ries get it: amazon

The Four by Scott Galloway get it: amazon

Rich Dad Poor Dad by Robert Kiyosaki get it: amazon

Blue Ocean Strategy by W. Chan Kim and Renee Mauborgne get it: amazon

7. Analyze old ideas

Why invent something new if you can use already tested and working ideas.

Analyze more deeply the ideas that have already been implemented. Think about the opportunities to change and improve them.

But remember – you cannot just copy someone’s idea. In this case, it can hardly become successful.

Make research and learn customers’ feedback about the existing product or service. Try to find out what is missing there and how to transform this product into something better.

This approach is greatly described by W. Chan Kim and Renee Mauborgne in the book Blue Ocean Strategy. It teaches how to create unique products and avoid competitiveness.

Business Ideas in Nigeria Final thoughts

Develop your creativity and imagination, but focus on real problems you could help to solve – in this case, your business idea will be 100% successful and find its happy customers.

Share this

Leave a Reply