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One Minute Business Checkup

What’s a good business idea?

There is a creative part of every human being, but unfortunately it has often been locked away by parental or educational conditioning that says, in effect, “The most important thing in life is to be safe and have enough money to make ends meet.”

There are literally thousands of good business ideas in people who don’t even realise it because they have lived most of their life in the logical part of their brain and never been released to be creative.

Can you imagine your parents encouraging you to be an artist or a musician?

For the last century, children have been encouraged to be doctors, engineers, architects, accountants. Schools have been set up to ‘manufacture’ these types of people and students who don’t ‘fit in’ are often made to feel second rate citizens. This has led to them suppressing much of their creative flair.

Good business ideas come from releasing your creative flair. And the simplest way to do this is to help solve problems that people encounter on a regular basis. All you have to do is solve the problem for people for a price that is more than what it costs you to solve it.

For example, a problem used to be that people needed ice for their drinks when having a barbeque at home. The solution: Party Ice which you can now buy from most garages. Simple problem – simple solution

The key in finding a good business idea is observing people and situations and look for problems that need solving. Then find the simplest and most cost effective way of solving this so that people think they’re getting a bargain and suddenly you’ve created a business opportunity.

What experiences would you like to share on this?

What are some of the simple problems you’ve found for your customers?

Do customers actually care about value?

Getting the price right for your product or service is key to both attracting customers and making profits. At the end of the day everybody is looking for a good deal… we all want feel we got good value when we buy something.

Today Andee discusses who you should ask to get the price/value mix right in your business.


The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners

This video is filmed from Belbird Dell in Vermont and answers the question ‘Do customers actually care about value?’

How to find a legitimate home business opportunity

This week I heard of another small business owner who had left their business premises and taken the business back into their home.

In fact the growth of businesses which are being run out of the family home is growing significantly because of the connection speeds of the internet and the fact that it is so much cheaper to run from the family home.

So how can you find a legitimate business opportunity that you can run from your home?

  1. This will most likely be a service style business.

    If you’re looking to manufacture engineering equipment then it is difficult to scale something like this from your garage although when you start it can be a good idea to do this from your garage.

    Service businesses are about connecting people with people and this is being done more and more over the internet.

  2. It will likely require some work at other people’s premises.

    One of the common arguments for setting up in commercial premises is that you get to talk with other people in your building and this cuts out the boredom of working by yourself.

    Being a business owner can be quite lonely so having others to talk with along the way is important.

  3. The business model will scale to less than 5 people.

    Once you get over five people it can be very difficult to remain in the family home.

    However there are many legitimate business opportunities which are sustainable and competitive which have 5 people or less working in them.

    In fact this is most of the small businesses in the world!

Are you working in a home business?

What are your experiences and how have you coped with this?

How can I get better prices?

Establishing the right price for your product or service to maximise sales and profits involves more than just taking your costs and adding a margin.

Getting your pricing right is a key to business success and today Andee looks at an important element to consider when setting prices.


The Vlog series comes from One Sherpa an online global membership community dedicated to helping small business owners succeed and prosper.

The series is filmed on location around Melbourne, Australia and answers questions commonly asked by small business owners

This video is filmed from Blackburn Lake, Melbourne and answers the question How can I get better prices?

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