The first thing that you’ll need to do is get rid of your preconceived notions. That is much easier said than done, but it is possible. You’ll start with identifying your preconceptions and determining which of them might keep you from being open to an idea when it comes along. Then, get rid of that assumption entirely. This way, you have nothing blocking the path if a good idea should come along. Stop telling yourself that successful people got lucky breaks.
Next, you’ll need to start paying more attention to your surroundings. It is very easy to become so used to your regular routine that you don’t notice the things around you. But those things are going to be what inspires your business ideas. As you go about your daily life, look for things that are related to business. In particular, look for niches that have to be filled, for needs that are not being met. These are where you will find the best business ideas. Become very observant of everything around you. Opportunity is usually hidden before your eyes.
You also have to know how to recognize the good ideas and sift out the bad ones. This requires that you think through an idea thoroughly before you do any work towards it. You need to determine exactly how the idea will work and what sort of pitfalls you can expect to find. Sometimes, an idea that looks great on the surface will turn out to be terrible, and sometimes the opposite is true. Sometimes the only way to sift through ideas is to actually give them a try and see what happens.
The most important thing that you can do is to continually think about things from a business perspective until it becomes so much of a habit that you are unable to turn it off. That is when you will start coming up with amazing ideas, one of which could just make you a millionaire if you put in the work. But the idea has to come first so get to thinking about things! And remember ideas are useless unless they are acted upon!
Check out this great book on how to develop a millionaire mindset. I read this book several times and realized that transforming our mindsets is a precursor to achieving great success in one’s life.