Tuesday, December 17, 2013

Initiate New Idea and Differentiate In Your Business

In every business or firms and organizations, it is often easier to come up with a variety of ideas for new businesses and more difficult to actually implement those concepts. Most of us are looking to start their own business and be the owners of new ideas to run this business. A business concept is a bridge between an idea and a business plan. It focuses one’s thinking so that the entrepreneur can identify the specifics of his/her proposed venture.

From my point of view, converting an idea into a business concept requires thinking about how the product or service will be offered, presented and sold and who will buy it, the benefits of the product or service, how it is differentiated from similar ones, and methods of delivery. In the same time if we are working under employer we should apply same concept but from different view.

I would say before you kick off any new ideas, make sure that you have done your research. Know what your project is going to entail, inside and out. Whether you’re contributing to enhance your company vision or building your own business!
In fact, once you get an idea for a business, what's the most important trait you need as an entrepreneur? Perseverance. When you set out to launch your business, you'll be told "no" more times than you've ever been told before. You can't take it personally; you've got to get beyond the "no" and move on to the next person--because eventually, you're going to get to a "yes."

"The challenge with being an initiator of new ideas and work on it is that you are never, ever done."

Therefore, when we have an idea and we sure it will help us to come up with something new, we should work on it and paint a vivid vision for our new idea. Build up some excitement around what we are trying to do. After that we should develop it and know what resources do we need to get our idea off the ground.
Determining what you want to do is only the first step. You've still got a lot of homework to do, a lot of research in front of you. Don't sit back year after year and say "This is the year I'm going to start my business." Make this the year you really do it! Furthermore, you need to make sure that you have or you can create a suitable environment that helps to grow the idea and achieve its goals. 

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