How do I convert an Idea into a Business?

[Sotherefore]

You cannot just convert any idea into a business the only idea you can convert into a business is the idea of you inventing something that the world might be interested to use or patronize you if, if you have any idea of inventing something that has never existed before or you can try as much as possible to solve the problem of the world with your idea you will not even think of converting it to a business it will just come automatically

 

[kayode10]

There are the things you need to do in order to turn ideas into business. You first need to write the idea out on a clean sheet of paper. Once you have done that, list some of the necessary things you need to acquire to make idea into reality. It is a new idea you need to protect and get a patent for it so as to prevent idea theft. After that, send the idea to the product designer to turn it into nice concept.

 

[Alexandoy]

Usually a business idea is just an idea because of the lack of capital. There can be a hundred idea in your head but converting it into business needs capital. That means it is not only the knowledge of the business that one needs but also the money for the start up. A niece thinks that baking pastries and pasta dishes is a good home based business. But she was only able to make the business idea a reality when her father bought her an oven for her dream business. Now she is doing fine with her baking.

 

[Bilal0087]

Beginning a business is on the bucket list of nearly anybody I realize that has worked for different Startups. It just seems like the sensible following stage. The end objective. A definitive objective.

However, it's definitely not. In any event not for everybody!

Before you do whatever else, get completely clear about your reasons, aims, and inspirations driving beginning an organization. For what reason would you truly like to begin a business? Are your reasons sufficiently able to suffer difficulties and adequately convincing to endure a significant drop in personal satisfaction in different territories? Will these reasons actually be there when you have turned twice, parted ways with your sweetheart and not seen sunshine in 3 months?

Try not to mislead yourself. Beginning a business is anything but a light choice. It will transform you. To improve things, in the event that you do it for the correct reasons. For the more awful, in the event that you hurry into this attempting to make up for a shortfall that has an alternate source.

The main things that are required to start new business are.
proper planning
hardworking team and then money.
if you have made your plans and you also have a good capital you should go for it.
with the passage of time you can earn huge profit from your business

 

[GoldenLady]

Starting a business does not really have to do with something that you'll keep doing just because you love it.

Some of the best business out there are products of people who had a burning desire to succeed and escape poverty, not because of passion.

 

[Ebuka Stephen]

First of all time being your ideas and dreams to reality , you must have enough capitals and budget. Secondly their must be a good and well planned strategies for the ideas to be realised, if their is no proper planning the idea can't work easily.

 

[Damismiling]

Converting idea into business is not hard. I will just like to always consider the strategy liked to the idea used in converting idea to business. On my own, I believe the idea can be converted by looking deep to get the way to actualize the strategy.

You are right, to convert an idea is not as such difficult if you are determined, also you must learn how it works, do a proper research on the rudiments of the business, understand the basic survival tactics of the business, then venture into it and consistently pursue your goals

 

[Trojan8]

After getting a business idea, you have to run an analysis to see if the idea is solving a problem in the marketplace. That's the first step, then you need to look at factors that could affect this business from working out. One should not ignore what having a reasonable amount of money can do too.

 

[Akumari45]

Everybody has an idea but only few work on it until it manifest. For you to convert your idea into reality, first you have to be determined. You put your idea in paper, outline the steps involved one after the other according to their relevance. Then begin to work and implement each of the steps one after the other until you finally fulfill your dream.

 

[Aniwhyte]

You could only convert an idea into a business when you have enough capital, as the popular saying goes "money makes the world goes round" you can have lots of important business ideas but without capital to start them up then they are a total waste, unless you are selling the business ideas that is when you won't loose on both ends.

 

[Tiwa]

Another way of converting ideas to business reality is to find a mentor ,do research about your idea.For every conceived idea,there's a pool of intellect on it either via the web or consultations.And you need to know there is always a teething stage for every new thing.So long you are prepared physically and mentally with utmost dedication, ideas come to become the great behold.

 

[Adeyoola7]

steps to turn your idea into a functioning business.
Figure out what problem is being solved. ...
Find your market. ...
Find your support. ...
Create a financial model and plan the first phase. ...
Figure out your source of capital. ...
Build the MVP. ...
Find the pivot. ...
Stay positive.

 

[Nurudeen]

This is a good piece from you. Turning idea into business is not a rocket science. You just need to be ready to implement all the ideas that you have because this days most people have Idea and capital but the only issue they have is the problem of fear or they don't want to fail from the business but I believe if due diligence is done the business will be absolutely fine

Post automatically merged: Jan 21, 2021

This is a good piece from you. Turning idea into business is not a rocket science. You just need to be ready to implement all the ideas that you have because this days most people have Idea and capital but the only issue they have is the problem of fear or they don't want to fail from the business but I believe if due diligence is done the business will be absolutely fine

 

[Sake]

Everyone of those successful businesses starts with an idea. You don't need a lot of funds to do it. Discuss it with someone you trust and someone who believes in you just to know if that's a really good idea. Dont be afraid to ask for advises from your family and friends they might even help you with turning it into action.

 

[GIFTMICHAEL]

Beginning a business is on the bucket list of nearly anybody I realize that has worked for different Startups. It just seems like the sensible following stage. The end objective. A definitive objective.

However, it's definitely not. In any event not for everybody!

Before you do whatever else, get completely clear about your reasons, aims, and inspirations driving beginning an organization. For what reason would you truly like to begin a business? Are your reasons sufficiently able to suffer difficulties and adequately convincing to endure a significant drop in personal satisfaction in different territories? Will these reasons actually be there when you have turned twice, parted ways with your sweetheart and not seen sunshine in 3 months?

Try not to mislead yourself. Beginning a business is anything but a light choice. It will transform you. To improve things, in the event that you do it for the correct reasons. For the more awful, in the event that you hurry into this attempting to make up for a shortfall that has an alternate source.

How you can convert your idea into business. It is very simple to convert your idea into business. Without ideas businesses can not stand. The businesses you see today people are doing came from idea.
You can convert your idea into business by converting such idea first into writing. Write those ideas down and put it in to plan. Then try to execute those ideas by raising capital to fund.

 

[singlej007]

Every business eminate as an idea, the own of bizdustry has an idea concerning post for post in long time ago, he now decide to work on his idea, he now think of limiting the post to 3 post per hour, and per 50 biz note per post etc.

 

[Sehrish]

In my role as a new business advisor and occasional investor, I hear lots of people talking about their dreams of "someday" starting and running a new venture.
They can talk with passion about their innovative new idea, and ask lots of questions, but never seem to really get started. The challenge we all have as business founders is to move from the idea stage to a real business.

 

[Henrywrites]

Beginning a business is on the bucket list of nearly anybody I realize that has worked for different Startups. It just seems like the sensible following stage. The end objective. A definitive objective.

However, it's definitely not. In any event not for everybody!

Before you do whatever else, get completely clear about your reasons, aims, and inspirations driving beginning an organization. For what reason would you truly like to begin a business? Are your reasons sufficiently able to suffer difficulties and adequately convincing to endure a significant drop in personal satisfaction in different territories? Will these reasons actually be there when you have turned twice, parted ways with your sweetheart and not seen sunshine in 3 months?

Try not to mislead yourself. Beginning a business is anything but a light choice. It will transform you. To improve things, in the event that you do it for the correct reasons. For the more awful, in the event that you hurry into this attempting to make up for a shortfall that has an alternate source.

Having a clear objective of the business that you intend to start will help to push you forward in all that you do. Don't get me wrong, what matters to many businesses is making profit, and when the going is tough, it is only a handful of them can survive the heat.

 

[Chumzy]

You have to be sure that it is an idea to solve a problem that people are willing to pay money for. Then you can proceed to writing a business plan for it, to show the process of starting your business and the details. Then you carry out a feasibility studies with the plan you prepared, to test the figures you have in your head, in terms of cost and benefits.

 

[Abigael]

Starting a business is surely an individual choice and you should not rush into it just because others are doing it. You should make sure that you actually have a solid idea on what you want to do. Then you should brainstorm more on that idea so that you get concrete knowledge and skill needed to start the business. You should also have enough resources and a well set plan for startup.