1. Determine what you’d like to do.
Some people call this finding your passion, but it’s more than that. Think about your skills, abilities and experience. Consider what you can realistically see yourself doing for hours each day, for weeks and years.
2. Think about what others will pay for.
A viable business is the intersection between what you’d like to do and what others will pay for. Remember the “Jump to Conclusions Mat” from the movie Office Space? Todd loved building it, but no one was going to buy it. It wasn’t a viable business opportunity.