Many people, including myself at one point, believe that in order to be a successful business owner they have to come up with an idea for something new. Do you want to know a secret? Not everyone has to be Steve Jobs and develop the amazing line of products that Apple has introduced to be a successful business owner. There are many people in your own community that are operating what seems to be unremarkable business and making a lot of money doing it. There is an excellent book that talks about this: “The Millionaire Next Door” by Stanley & Danko.
In the franchise industry, I like to use maid services as an example. Franchised maid services have been around for decades and have proven to be successful in all economic conditions. Many people will dismiss something like maid services immediately because they will think to themselves that they do not want to clean someone else’s bathroom. You know what? The franchise owner does not clean the bathrooms, he or she manages the marketing, operations, training, hiring, etc. for the business – just as Steve Jobs manages Apple and does not assemble iPhones.
Over the years many people have left mid and high level positions in the corporate world and opened businesses like maid franchises because they determined that they can meet their goals as well, or better than, they could when they worked for someone else.
So do you need the next great idea? No. You only have to find a business that is a great fit for you and have the drive and determination to be successful.