How To Succeed From Idea To Real Business Success

1. 5 STEPS TO TURN AN IDEA INTO AN SUCCESSFUL BUSINESS

2. Getting Started - Idea / Concept, Belief, Commitment matter • Acc to statistics, 50% of businesses don’t succeed in their first few years and 30% fail in their first year. • You have to follow systematic methods to make sure you start from a solid base. • Ask yourself is whether your concept is clever and unique as you think.

3. 5 Step Plan to Implement Your Business Idea

4. Market Research - getting started means doing your homework • Several businesses launch, but they end up finding somebody has already done the same. • Do a full analysis of the market and the audience • Begin your research by doing a SWOT analysis, outlining the strengths, weaknesses, threats, and opportunities connected with your idea.

5. Financial Planning - just believing you will pull through is not enough • Put together a financial Plan. • It’s helpful when you start and matters more as you grow and is is a BIG PLUS you’re appealing for funding. • More accurate your financial plan, greater the opportunity of success and raising money. • Think about hiring a Business Plan Consultant

6. The Marketing Plan - Market Planning,Audience, Mapping, Positioning…. • It’s now time to develop your plan for the market. • A Marketing & Communication Strategy is the starting point. • Explain why and precisely what it is you’re marketing. • Consumers have a very brief attention span • Start with the benefits of your services or products. Remember AIDA.

7. Evaluate business at regular intervals - the numbers and trends matter • There is one thing you must never stop doing: an evaluation. • Always keep looking at what you’re doing and how you’re proceeding, • Know the strengths and weaknesses of your plans. • Idea evaluation is a crucial part of your business.

8. For more details read : successfully implement a business idea. THANK YOU