How to turn your idea into a business

      An idea comes before the business and that is why it also precedes success, however for it to be executed and for success to follow, you need to know how to transform your idea into a business model and all of the components to include for your business model to work. To achieve this goal some points should be considered, let’s address some of them here:

  •     Your business idea generates exceptional utility for your potential customer.

   

In our minds, all ideas seem to be pretty good, but good businesses tend to take at least one of the following paths: 

Either it solves a prospect’s problem, a pain point enough people are willing to pay for or it helps it achieve some potential aspiration.

 So when thinking about a business, think if your idea meets at least one of these requirements, even better if it meets both.

  • Immerse yourself in your customers’ world

In our minds, all ideas seem to be pretty good, but good businesses tend to take at least one of the following paths: 

Either it solves a prospect’s problem, a pain point enough people are willing to pay for or it helps it achieve some potential aspiration.

 So when thinking about a business, think if your idea meets at least one of these requirements, even better if it meets both.

By approaching your future buyers, true potential buyers, you will be able to make the connection between what you think about the market and what the market really wants and understand even more what their primary needs are. it will be easier to 

 You must be open to make adjustments and to think about other lines of execution so that everything works out. Be willing to change. Just as your goals will eventually change due to the behavior of your audience, you need to accept these developments naturally and see areas for improvement to turn the situation into an incredible and profitable opportunity. It is easy to view your idea as your baby and not let feedback alter your vision but if the ultimate goal is to solve a problem how you do it makes no difference so long as your market is being served (by you).

 

  • Find out who’s interested in your business
Understanding who needs your product or service is just as important as understanding what your product or service is, Tax Magic and Uber is a great example of how the market environment operates and is very important for your future business. After all, transforming your idea into a business requires a lot of research and knowledge about the entrepreneurial landscape. To do this, initially map who is interested in leveraging your project. These people are called stakeholders. They can be considered potential customers, suppliers, investors and even your family or friends. Then study the opinion and positioning of each of them and see what they can add to your business. That way, you’ll also be able to understand where you’ll fit in among so many competitors and find innovative ways to make a difference. Remember that it’s good to have all these steps documented: if any proposal doesn’t fit right now, it can be reused at another time.
  • Persevere

Creating a business is difficult and the barriers seem endless. But if the company is being created from a idea, there is no better reason to move forward. Believe in your idea, study and research a lot, just to make your business go from plan to reality, there will be the naysayers, the skeptics and the outright haters or friends who simply don’t have the balls to jump into it like you maybe some just don’t have the patient because after all it is your idea and your future, it is important to stay motivated but also take in a healthy dose of constructive criticism.

Now take all that knowledge, dote and most importantly evidence that your business will work, write it all down, and make it happen

If this article helped you get ready for your business or bring your idea to life let me know in the comments and I would appreciate a share to help even more people with their ideas 


Of course at some point you will need assistance, while you gather your thoughts, ideas and strategies it is just you but a successful business doesn’t happen by accident, it happens with hard work, lots of research and a strong team. When you are ready to take your idea into a business, reach out to an expert.

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