I got called out on Reddit for a post I made called Successful business ideas are really just problems that need solutions.
My post simply states that you don’t need to invent something brand new to start and build a million dollar business, you just need to take an idea and execute on it better or just different than others.
The person posted this:
I hate hearing this over and over and over and over again. If you have no idea, execution doesn’t matter 1 bit because you’ll be executing on nothing. Yes ideas are plentiful but water is also plentiful but it’s a useless argument if you’re stuck in a desert dying of thirst. Case in point, since ideas are so plentiful, why not list ten ideas right now in this post that you think could be executed on. Go …
So I responded…
Here are 10 ideas anyone can start to execute on today.
1) Anything blockchain
Every industry will be disrupted by the blockchain. Pick an industry and move their process to a blockchain based platform.
Here is a list of blockchain uses cases that need entrepreneurs to execute on.
2) Consumer packaging
Too much plastic. Find a way to package a product in a different way that is more environmentally friendly.
Check out this supermarket that recently announced a plastic-free isle in their store.
3) Fast healthy food
Veganism and vegetarianism are on the rise in a huge way. Create a product or a restaurant in this space.
Simply put, healthcare is not working and it will get worse as the population ages.
Efficiencies need to be created or this will bankrupt governments.
5) The Electrification of Everything
governments are moving more to the Electrification of Everything. Create new versions of existing products that run fossil fuels
6) Drone services companies
From taking pictures for real estate to search and rescue use cases and delivering goods. start a drone business that does something manual today.
Dronebase is a good example of a company operating in this area.
Marketplaces of all kinds are still huge. Alibaba, for example, is one of the most successful marketplaces that connects manufacturers with retailers.
Start one for an underserved niche.
8) Education and learning
Today’s education system is designed with one major flaw. That flaw is that it forces the kids to adapt to a really complex bureaucracy that was designed for a world that doesn’t exist anymore. The system should be designed the other way around, where learners are always in the driver’s seat. There is a ton of value created by educating the masses in emerging and under-developed markets and those able to capture this value will do very well.
The construction industry is evolving like crazy. 3d printing houses, robotics, and AI are all changing this industry fast.
If you have been paying any attention to the cryptocurrency market, you will know that this industry is being disrupted daily. There are lots of financial services that will change because of Bitcoin and new payment processes.
Here are 5 blockchain technology use cases in financial services.
So like I said, ideas are plentiful.
The challenge comes down to the entrepreneur deciding what they want to do and then sticking to it and executing on the idea.