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Monday, October 13, 2014

Five best tips to test your business idea

business-ideas

What is an entrepreneur  without his or her business idea?

We can consider among the several issues regarding an entrepreneur faces, today’s in 14th  century  the biggest challenge is to bring an idea to shape – by bringing around consumers, team members, suppliers and financiers together. So what should a person do once he has got a business idea? Let review in brief.

1- Write it down your business idea

A business idea in your mind might be consider like a newbie inside the mother’s womb.  In fact nobody knows about it as nobody can touch it and appreciate its beauty unless it comes out. Here you need to nurture the idea like your unborn baby – give it regular times and proper caring to let it take a good shape. Here I am 100% sure but instead of 9 months, 3 months is a good time for an idea. Always make sure you write it down, and limit your document to 1-2 pages instead of 100 pages of detailed business plans. 100 days is good times – more than this and you can get delayed, and less than this and you can get quick. It is also good sufficient to give notice to your employer and do a handover of your job responsibilities!

2- Get together the customers

If you want to categorize the customer needs, then you have to make him/her your boyfriend/girlfriend! Spending time with your customers, observing their current lifestyles, and generating insights from that is a key entrepreneurial quality. Once you get an idea, take it out in whatever shape and size to potential customers – let them around with the trial product, give their response, speak good or bad things about what you are showcasing.

3- Deal with it to competitors

The best community to tell you if things work or not are your current competitors – and you will be amazed to know how open people are to share their insights. Whether it is due to sense of self or due to modesty, people are happy to treat newcomer with respect and share important input, which may help avoid costly mistakes while doing your business.

4- Select a team leading member

If you can get 1-2 community to partner with you in your own venture for taking your idea well forward, you can easily beat the human race. The first few associates and team members make a company great – glance at examples of Google, Facebook, Microsoft etc. –all of them had great co-founders who came together and wedged together.

5- Always look for a adviser

For easy understanding consider an example, mentoring is like a shri Krishna – Arjun relationship – here Krishna mentors Arjun in Mahabharata and we all know what the final results were. And answer is definitely targeted. It will be good for you to take your idea to mentors and seek their guidance. They will also help you expand or modify ideas based on current market necessities, without changing the core offering – you may also discover a new market or new revenues with the same business idea.

So if you have a business idea, which you have been encouragement and dreaming about for the last few months or years, take the 100 day test and carry it life – you have only I life, so do the best of it and accomplish your dreams.

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Thanx for your valuable openion.