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Business Insights #1: Getting a business idea

Need some advice about starting a business?

Download Business Insights #1 or view in the player below.

Introducing an exciting new feature to the Franchise Direct Blog: ‘Franchise Insights’, a weekly video series featuring Franchise Direct CEO Sean McGarry. Franchise Direct will publish an exclusive video every Friday, where Sean will provide expert financial advice. The Franchise Insights video will be an integral destination for entrepreneurs seeking insight into the world of franchising and beyond.


In the first Business Insights video, Sean discusses how people can go about discovering a lucrative business idea.

“At the moment, with the talk of the credit crunch and various other problems, many people are asking themselves if this is a good time to start a business,” Sean says. “But one of the oldest maxims in business is, ‘Where there’s a problem, there’s an opportunity.’”

Sean then points to three different opportunities that have emerged in this changing financial climate. Specifically, Sean singles out the greening of our planet, shifts in our population, and the evolution of our work platforms as areas that can provide new opportunities for entrepreneurs. Finally, Sean offers some essential advice for people looking to start their own business:

“In looking for a business idea, always keep it simple.”

Be sure to stop by the Franchise Direct blog next Friday, when Sean offers further insight on how to become a successful entrepreneur.

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