Many entrepreneurs turn a hobby or an area of interest into a business idea. Others get their ideas from situations or daily problems when they believe they have a solution—or a better solution than those already tried. Think about an area of personal interest or a problem you think you can solve with a new good or service. Create the first part of a potential business plan, which is the introduction to your new company and its offerings. Outline briefly what kind of financing you think would work best for your business, and what steps you would take to obtain the funds.