How do I convert an Idea into a Business?

[Peskyblaise]

Before converting ideas into business, The first thing is to have your idea very clear and know what is required from you and your business plan before looking for fun to set up your business

 

[Essy]

Ideas are like the mental picture of what we aim to have in our physical so to make that mental picture become physical, one should put up a team that would come with ways to develop the ideas physically.

 

[Good-Person]

The first step is to act on the idea, map out a business plan containing your aim, goals and objectives then let focus be your watchword.

Thinking about a proper business plan takes a lots of times. I have been planning to invest in crypto and only now I have made a firm decision to invest in coins. This is because it required a proper strategy and it took time to develop one.

 

[YERUS]

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.

To turn an idea into a plan, simply pen it down...let it be in the form of a business plan.
Then you can begin to take steps to actualize the penned-down plans.

 

[tyrim88]

You can convert an idea into a business by acting on the idea. Every business has a ideation stage, that is the stage ideas are been developed. The business owner ask himself different questions, what, where and how to produce. You must answer these questions and act on them before you can have a business of your own.

One thing about someone that has an idea about a business and how to impliment it,is to start with the execution,which is after doing his due deligent research and feasibility study,the next is implimentation of the idea.

 

[Blessedsam60]

Converting an idea into a business is as simple but technical too if you don't really understand the business idea, you may need a business mentor to give you direction on what to start with

 

[Setho]

No matter how good your idea is you can never be sure that the general public are going to like it and that is why you should do a customer test first by picking only a few number of people to test the product.

 

[Kelly5]

Match that idea with existing businesses and see how it turns out first for you. Then the next thing you should start doing is to begin to source for funds to kick-start that idea into the business you've tied it to

 

[jay]

I believe that when it comes to converting an idea into a business, you will have the capital to harness the idea and make it something that is tangible that you can run as a business.

 

[tyrim88]

Before an idea can be converted to business, you must consider the following:

1. Document the idea in black and white so that you can run through it anytime.

2. Get resources to convert the idea into business.

3. Get man power or personnel to assist running with the vision or ideas.

4. Good location for the idea turned business to make profits.

These are very explicite points,because an idea without the neccessary resources to push it through will just be a wish on paper.Having a well written and strategic plan of action and a timeline on how and when to acheive them is key to it s actualisation.

 

[Skysaint]

My implementing such idea. A business idea will remain dormant in your brain unless you're able to find the required capital to catalyse it into being financially productive to you

 

[Godspower]

Converting a business idea into reality is not always an easy step. You need to be prepared to work hard and also you must have enough capital to start up your business.

 

[kinqzbitz]

First of all you have to find your market and make it as a point of duty to attend seminars in order to boost your knowledge and then when you have the plan you try applying for loans

 

[jay]

Well these descriptions seems a bit excessive to me. While I agree with the message you are trying to pass. Starting a business these days is very hard,one must find the required and needed motivation/passion to soldier and stand through the test of times.

I completely agree with you here because there is no business that is easy to start as long as you have to look for the capital to start the business and also done all the necessary preparations as well.

 

[Kaffyfolla]

Steps to be taken in converting idea to money

1. Figure out a problem that your idea solves.
2. Research the competition.
3. See a business consultant.
4. Find a market for your idea.
5. Find support and build your team.
6. Create your business plan.
7. Find investors for your idea.

 

[jay]

Steps to be taken in converting idea to money

1. Figure out a problem that your idea solves.
2. Research the competition.
3. See a business consultant.
4. Find a market for your idea.
5. Find support and build your team.
6. Create your business plan.
7. Find investors for your idea.

If it's possible for you to identify a problem in your society and be able to find a solution for that problem it means that you have already turned an idea into a business that can fetch you money.

 

[Sotherefore]

It depends on the type of the business you are thinking of doing but I believe for you to succeed here you must have the type of business that will be demanded by so many people ,even with this capital will still be necessary, not every idea can be used for this but only those that will be able to solve the problem of people.

 

[Ghost1]

one more thing is that you need to required budget and capital for it to release, business can't be unfortunately started without money, unless you are offering a service that doesn't include any material or anything else that has to be bought in order to get that service done

You have said it all. Even with services you still have to buy equipments to aid you carryout your service. Money is simply the sole factor here

 

[Ub40]

Even though I don't have any business running at the moment, It is really possible for one to convert idea into business following some tips. The said idea needs to be written down so as not to forget it. Then put your plans and strategies down and see how you can implement it. That is my take.

 

[jay]

Without having the money to turn any business idea that you have into a reality, it's only going to be just an idea in thoughts or paper but not something that's realistic.