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3 Ridiculously Easy Steps to Creating an Unstoppable Business Idea

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3 Ridiculously Easy Steps to Creating an Unstoppable Business Idea

If I had a dime for every time I heard someone say “I want to start my own business…but I just don’t have a good idea”, I’d be so rich that I’d spend my days sipping overpriced cognac and smoking pre-embargo Cuban Cigars and making stodgy, incomprehensible jokes that only rich people find funny (“…and he took $5 million out of the QTIP trust and bought puts on gold! Ha!”), and as such probably not writing this article.

So consider yourself lucky I don’t get paid when I hear that, lest you be unable to bask in the wisdom that I am about to impart.

    My cigar-smoking fantasies aside, it’s actually a bit concerning how many people think it’s really hard to come up with a good business idea.  Veteran entrepreneurs all know that coming up with an idea is basically the easiest part; but you do need to start with an idea.

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    And starting with an idea I shall help you do.

    One of the big reasons you have trouble coming up with a good idea is because “you don’t know if it will work”, right?

    Luckily, in 3 ridiculously simple steps, you can see how good your idea is, and make it stronger.  Here it goes:

    Step 1: Start with a broad idea

    Let’s say you want “a kick ass social network for cereal box collectors”.  I’d say “that’s really weird”, but this is your company, not mine.

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    And by the way, no “I can’t come up with one!” BS.  This is just a broad idea.  Think…think…there you go.

    Step 2: Write down 3 specific reasons your idea might not work

    Not a whine, not “because 90% of business fail!”; be intellectually honest, think about it for more than 7 seconds.  Relate them to your own abilities and relevant externalities.  For example:

    – “I don’t know how to code”

    – “I don’t know if there’s actually other cereal box collectors out there”

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    – “Even if there are other collectors, I don’t know if they need a social network”

    Step 3: Test your reasons

    I don’t want to steal any of Bill Nye’s thunder, but what we’re doing here is bringing you back to 7th grade biology and using the scientific method.  We’re turning your worries into testable hypotheses, and doing some ol’ fashion exploring to see if your worries hold true.

    You go out there and see if there’s a way to make a social network without coding.

    You mercilessly scour the far corners of the internet looking for cereal box collector communities.

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    You identify the “thought leaders” in the community, befriend them, and ask what they need.

    I spent about 12 seconds doing these tests, and here’s what I came up with:

    • You can make a social network without knowing how to code.  There’s quite a few ways to do it, but BuddyPress seems to be the most popular.
    • There are communities out there for cereal box collectors like you (just Google “cereal box collector”).
    • The community seems to be gathered around a few active forums.  Finding the community leaders would likely be very easy.  Just shoot them a quick e-mail with your idea, and ask “what do you think?”

    And voila, your idea awaits!

    What we did here was get specific about your idea.  Whereas most people worry that “their idea would never work”, you actually went out there and did something about it.  You’re now ready to move onto the next step: figuring how to execute.

    Or maybe you figured out your idea sucked.  That’s okay too.  But at least you made an informed decision, and unlike 80% of people, you actually tried to do something about it.

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    Your idea’s probably more complicated than something like this, and that’s fine.  But the point stays the same: stop worrying, start testing, and repeat.  Watch your idea develop before your eyes.

    Featured photo credit: five travel about locomotive costing on rail via Shutterstock and inline photo by Tsahi Levent-Levi via Flickr (CC BY 2.0)

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    Last Updated on January 13, 2022

    15 Best Places for Expats to Live (And Why)

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    15 Best Places for Expats to Live (And Why)

    Many of us dream of living abroad but can often be scared to make such a big change to our routine lifestyles and leave our home countries behind. Daunting as it may be, living abroad can be a rewarding and fulfilling endeavor and can give you the quality of life you have been looking for.

    From a warmer climate to a more easy going way of life, there are many foreign countries favored by expats who stay for a long time – and sometimes forever. Taking into consideration livings standards, opportunities and social aspects, here are our top 15 best places to live as an expat and why.

    1. Thailand

    A hot spot for expats, the ‘land of smiles’ as it’s commonly known offers expats a tropical climate, a huge array of sandy beaches and islands to explore, and a rich culture. The cost of living in Thailand is extremely low, and when combined with the friendly tax system means that disposable income can be very high.

    Bangkok, Thailand’s capital city, offers expats great employment opportunities.

    2. Switzerland

    Another popular destination for expats, Switzerland offers exciting employment packages and a high standard of living. It’s great for those who love the outdoors, as there are many beautiful lakes, mountains to hike in and skiing in the winter. The school standards for expats are also excellent, making it appealing for those with children. English is also widely spoken so day-to-day living can be stress free.

    Unemployment in Switzerland is low and expats moving here don’t need to worry too much about finding a job before they arrive.

    3. Australia

    Many foreigners who visit Australia don’t want to leave as it offers a great quality of life, beautiful beaches and a warm climate. Making friends in Australia is easy too, due to the lack of language barrier and the large number of expats who already live here. Australia is a great place to move to if you have children because of its wide range of schooling possibilities and recreational outdoor activities.

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    Low population levels and high quality of life are two of the main reasons expats choose Australia as a place to live.

    4. Singapore

    Expats in Singapore can benefit from generous financial packages, great career opportunities and low tax rates. Although education is expensive here, it is rated one of the top places for raising children abroad due to the quality of the education system and the array of schools.

    Public transport such as buses and MRT (Mass Rapid Transit) are cheap and very reliable in Singapore.

    5. South Korea

    South Korea offers expats a unique range of opportunities and a very different way of living. Jobs for expats are easy to find and usually very well paid, with apartments provided by the employer on the most part making living costs even lower. There are also many tight-knit expat communities in South Korea, making it easy to socialize and meet new friends. The excellent education system is also a pro for families wanting to move to this culture-rich country.

    South Korea has a cheap public healthcare system and offers great medical care, with most doctors speaking English.

    6. New Zealand

    New Zealand is constantly on the lookout for skilled workers to expedite to the country – especially those under the age of 30 – and skilled migrants can be granted a stay for up to five years. It offers a good climate and although income levels can be lower than other countries, quality of life is high, with its awe-inspiring scenery, low crime rate and state sponsored healthcare.

    New Zealand is great for those looking for a laid back and active outdoors lifestyle.

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    7. Canada

    Its national healthcare system, friendly locals and very high quality of life are just a few of the reason expats choose Canada as a place to live. It’s very welcoming to expats and skills shortages encourage foreigners to move here in order for the country to grow economically. It’s easy for expats to feel comfortable quickly in Canada due to its multicultural environment.

    Canada was largely unaffected by the economic crisis, making it a very popular country for expats.

    8. Qatar

    Qatar is becoming increasingly popular among expats with an estimated 500 new arrivals every day. The salaries are generous and are tax free too, making disposable income very high. Car and housing allowances are part of many remuneration packages, and education for your children and airfares are often included.

    The cost of living is lower in Qatar than in other UAE countries but salaries can still be just as generous.

    9. Hong Kong

    Where east truly meets the west, this bustling island has a population of over seven million people. If you’re looking for a fast-paced environment and an active nightlife, Hong Kong is definitely the place to be. Benefits for expats include its advanced healthcare system and elevated standards of schooling for children, along with great employment opportunities. The cost of living in Hong Kong can be high, so trying to negotiate a housing allowance with your employer can be beneficial.

    Hong Kong is great for those looking for high incomes and career advancement.

    10. Japan

    As an expat destination, Japan offers a rich culture and a chance to experience a very different day-to-day life. Currently around two million expats live in Japan, and in the larger cities such as Tokyo a large portion of the population speaks English. English speakers are also in demand and there are a large number of opportunities for language teachers, especially in the capital.

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    Japan offers a high standard of living for expats and a good education system for those with children.

    11. Spain

    Spain is a very popular destination for expats due to the high temperatures and year-round sunshine. EU residents don’t require a visa to work here, meaning the move can be a lot easier. Skilled foreign workers also continue to be in demand with jobs such as engineering, customer service, skilled trades and language teachers widely available.

    A huge 14% of Spain’s population are expats from a variety of foreign countries.

    12. Dubai

    Two of the main attractions of moving to Dubai are the tax-free salaries and the warm climate. Some of the most popular jobs for expats are in construction, banking, oil and tourism. You can also enjoy a busy social life in Dubai as the expat community is thriving. Although it can be an expensive country, the tax-free salary means you experience a higher quality of life than in other countries.

    You will need a work permit, residence visa and an Emirates ID card to live in Dubai as an expat.

    13. Germany

    Germany is one of Europe’s most populous countries, with around 82.4 million people. It’s a lively and inexpensive country to live in as an expat, and if you have children the education system is great and healthcare is to a high standard. An estimated 250,000 expats live in Germany currently, with the numbers rising every year.

    If you are already an EU citizen, you don’t need a visa to live and work in Germany.

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    14. The Netherlands

    The Netherlands is a great place for expats who love the outdoors. Cycling is one of the main modes of transport and looking after the environment is widely recognized. There are a lot of English speakers in the Netherlands too, but learning the language can work to your advantage and make day-to-day life that little bit easier. Skilled expats can also benefit from a tax-free allowance equivalent to 30% if they meet the correct criteria.

    It is often more important to be able to speak fluent English than to speak Dutch when looking for employment in the Netherlands.

    15. China

    China offers expats great employment opportunities with little competition. Those who embrace the culture and decide they want to live in China long term can see a host of employment opportunities as its economy is growing rapidly every year. Economists predict it will overtake the US as the world’s largest economy by 2018. China also offer expats low living costs and high disposable incomes, which is why many look to live here for a higher quality of life.

    Shanghai and Beijing are the most popular destinations for expats who live in China.

    Featured photo credit: Saulo Mohana via unsplash.com

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