How do I convert an Idea into a Business?

[Draysongz]

Before you convert an idea to business, make sure the idea is good, make sure you've discussed it with people who are highly experienced in that field, make research and enquiry. Then work with right set of people who would Help you and add value.

 

[Neeta313]

To be able to convert an idea to a business, first you need to conduct feasibility studies to be sure that the idea is good enough. How can this idea be applied in reality, can it solve problems, etc. Business is a risk, as long as the idea makes sense and can be developed for one to be able to structure a business plan, then you are good to go.

 

[chicnthin]

First you need to distinguish what target market you wanna go into, then look for a perfect location and create a business plan. Another one is to ensure that you have enough capital to execute the plan. There are many ways to become a source of funds but it's preferable to get it from your savings.

 

[Asad Ali]

Even after a perfect business plan, perfect skill, perfect employees, some things could still go wrong in the company. So at some point in the business, risks are taken and the outcome of the risk taken will determine if the business will succeed or not. There is truly no success for a business without risk because one can not be sure business decision he or she makesEven after a perfect business.

 

[springtech]

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.

Every business starts first as an idea. Converting an idea to business simply requires you to take necessary steps to make it happen.
Dont just sit and watch but take action.

 

[Tollytee]

1. Find your market. ...
2. Find your support. ...
3. Create a financial model and plan the first phase. ...
4. Figure out your source of capital. ...
5. Build the MVP. ...
6. Find the pivot. ...
7. Stay positive.

 

[Sariana23]

I think mainly that not everyone was born to have a business, some simply like it and feel comfortable working for a company and moving up in a specific profession. For those who like an entrepreneurship and already have a main idea, you must make different evaluations from having the target audience to the marketing of your product or service, to make it happen and not stay in the attempt.

 

[Setfragil]

We all have ideas in flowing in our head all the time but the resources to execute them has always been the major problem. To convert your ideas into business, you will need resources to do so. Without capital to fund our ideas, most ideas will die an untimely death.

 

[Pousinha]

I think the key point is research. At the end of the researches, you must be able to answer to these questions:
1) is this idea marketable?
2) are people averagely interested to the commerce/service generated by this idea?
3) do I need money to start the business and how much?
4) would my business be offline, online or both of them? Remembering the costs will be different depending on the answer of this latter question
5) what about the laws governing that particular subject?
In the case of an offline commerce/service, there will be the location question too. If the idea is marketable, we can count on potential customers, we have the capital, we got awareness about the laws governing the subject and we choose the right location in the case of an offline business, the initial idea can be converted into a business.

 

[Shigobad2020]

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 only way you can convert a good ideas into business is if you have the fund to execute the idea and turn it into reality, there are many people have better ideas of business but they don't have money to make it come true.

 

[David2008]

For me in other to convert ideas to a business, you must have these things
1 You must have passion for that idea .
2 You must have money to bring the idea to life.
3. You must have connections with people .

 

[Sincerem]

For those ideas to be executed and become successful, we need capital for it. Their is no how you'll enter into a business without capital, the idea will become futile indeed.

 

[Kingzy43]

You can convert an idea into business by already setting out your business strategy and following it up with actions and basic funding to the ideas

 

[Mostee501]

You can convert your ideas into a business by taking actions in starting up a business of your idea,you can start small when you don't have much capital and grow from there.

 

[Sheyemanu]

Well , in reply to your question in the above post concerning how do you convert an idea into a business, well, first of all start with writing out a business plan, turn your idea into a well written out plan and work to get funding for your proposed business

 

[tyrim88]

As i think the underlying factor of passion cannot be pushed aside,we should always looked at the reality when we have actually entered into the field,as this is the true test of pasion and drive.It is very instructive to attatch your self with an experienced enterprenue who has been there over the years so we can learn the ropes.

Post automatically merged: Jun 22, 2021

Passion and purpose here is the vital thing,because if you don't enjoy what you are doing chances is that you would'nt go far.Then the vision for the business,because these are the fuel to a sucessful busness establshment,wthout these factor your finance to put into your idea will just be a waste of time.

Post automatically merged: Jun 22, 2021

Passion and purpose here is the vital thing,because if you don't enjoy what you are doing chances is that you would'nt go far.Then the vision for the business,because these are the fuel to a sucessful busness establshment,wthout these factor your finance to put into your idea will just be a waste of time.

 

[Setho]

You should first try to validate that business to know if it even makes sense and its practical then you should go to the streets to see if people would be willing to patronize.

 

[eLdavis]

Before going into a business, there should be a reason why you wanted to start in the first place. There should be something that would push you in having the desire, dont let go of that. That would be your fuel on pushing forward. Then you should have a blueprint of how it all works or you could get a professional to help you plan

 

[Razor1911]

Before going into a business, there should be a reason why you wanted to start in the first place. There should be something that would push you in having the desire, dont let go of that. That would be your fuel on pushing forward. Then you should have a blueprint of how it all works or you could get a professional to help you plan

It's not the reason it should be the research which should find out why, where and how the business to be started. Before starting any business it is mandatory to research the market and find out the discrepancies in supply and demand.

 

[Kunkun]

Every businesses usually started with am idea, have a business plan in place for starters and try to think about a good location too before accumulating the necessary funding