As a business owner I am frequently asked how someone can turn their acorn of an idea into a great success. Usually insinuations such as these I will refer them to my friend Chase Rubin, a far more successful businessman than I am and someone who loves nothing more than a challenge. On the few occasions that I do sit down with someone, I am always surprised to hear that shortly afterwards, they have decided that the world of business is not for them, and they have let their idea go. This must happen each and every day and it makes me sad to think that so many great ideas end up in the graveyard. If you ever stumble upon an idea which you think could become a success then here is what you need to do.
Attitude Adjustment
When you first have the idea you will sense excitement, shortly afterwards you will hear a number of voices in your heading telling you why it will be impossible for you to turn your idea into a business. This is not your own voices but the voices of those around you who you think will meet you with negativity. In order to turn that idea into a business, you should list the reasons which your head has told you as to why you cannot make this business work. Once you have this list, it is time to start finding the answers as to why they are wrong.
Business Plan
Once you have the answers to the doubts which you had, it is time to start formulating a business plan. This model should involve how you will make your product, how you will market it, who you will sell it to and how much money each unit will cost and make by way of profit. The ideas don’t have to be perfect and there is a lot of business help out there for you.
Finding Funding
Every business needs the sufficient funding to get it off the ground and once you have an idea for how you you will operate the business, it is time to go and look for some funding. The first place to start is the bank, they regularly offer business loans to start ups and they will not only help you financially but they will give you a business specialist who can walk you through your early stages in business.
Go Ahead And Do It
You could spend weeks, months, even years trying to work hard on preventing any problems which may occur in your business but this will only be time lost. The best approach once you have a business model and funding in place is to just go ahead and do it. Much of business is learned on the job and once you have put yourself out there in the market, you will find that you learn pretty quickly, lose the fear and go in with both feet!
