8 Ways To Turn Your Business Idea into Reality
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This document outlines 8 ways to turn a business idea into reality: 1) Know the difference between your business and competitors by defining your unique selling proposition; 2) Conduct a SWOT analysis to understand your business; 3) Identify your target customer base and market; 4) Do not compromise on quality; 5) Thoroughly research to ensure no competitors have the same idea; 6) Build a prototype product or process; 7) Determine the resources needed to get started; 8) Take action on your idea to transform it from just an idea into a real business.
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How to Turn Your Business Idea into Reality!
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- feasibility study
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How to Turn Your Business Idea into Reality!
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Percy Emmett, a highly experienced specialist trainer and strategist in all areas of creative and cultural industries from the United Kingdom, will be the trainer in the Programme. With the extensive experience with setting up and running creative businesses building annual income of £1.7m, he is an expert in business development and mentoring from idea to setup, as well as change management covering all aspects of personal and professional skills, business diagnostics, business planning and finance.
During four days, participants have a chance to enroll on four sessions:
1. Listening and Values Modelling
2. Customer profiling & Future Evidence Modelling
3. Financial and Relationship Modelling
4. Drivers, Business as a Promise and Blueprinting
These aims will enable them to explore their idea and its viability and to enhance leadership, business planning, relation building, resources managing, marketing and financial skills.
What business idea to pursue
The document discusses factors to consider when deciding which business to start, including having a unique idea that solves problems and serves customer needs, having relevant experience and resources, determining if there is a viable market, choosing a business you have knowledge in, evaluating operations, getting feedback, building a strong team, and continually improving the business. It provides tips such as doing thorough market research, pitching the idea to trusted friends and family, and hiring good people to build an empire over time through hard work and innovation.
How to Pick the Right Digital Marketing Partner
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Tips on how to turn your hobby into a business. For more information, check out the rest of the lesson: http://grasshopper.com/academy/creating-a-business-idea/brainstorming-company-culture/
Guru
An expert Internet marketer requires certain mindsets to succeed, including being honest, willing to experiment and learn from mistakes, seeking excellence, understanding customers, and always seeking more knowledge. Key aspects are maintaining transparency, building partnerships, and using money productively while innovating creatively. Success stems from having a clear vision and competitive drive while balancing business and personal life.
How to think like startup
The document provides an overview of how to think like a startup. It discusses that startups should not follow traditional MBA advice and business plans, as no plan survives contact with customers. Instead, startups should focus on customer development to test hypotheses and pivot if assumptions are incorrect. The key is to get outside the building to validate assumptions and gather customer feedback through a minimum viable product. It also introduces the business model canvas as a tool to organize thinking about the key elements of a startup business.
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Innovation Management Frameworks: Your Guide to Creativity & Innovation
Innovation Management Frameworks: Your Guide to Creativity & InnovationOperational Excellence Consulting
[To download this presentation, visit:
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INCLUDED FRAMEWORKS/MODELS:
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2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
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17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
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8 Ways To Turn Your Business Idea into Reality
- 1. 8 Ways To Turn Your Business Idea into Reality
- 2. Do you have Business Idea? Not every entrepreneur starts with an idea in mind. If you have an idea it means you have already taken the first steps. But how do you take it forward? Until you take action, your ideas will remain as ideas. Here are 8 ways to turn your business ideas into reality.
- 3. 8 Ways To Turn Your Business Idea into Reality Here are 8 ways to turn your business ideas into reality. Know The Difference Understand Your Business Identify Your Customer Base Don't Compromise On The Quality Do Your Homework Build A Prototype Determine Your Resource Requirements
- 4. Know The Difference Standing apart is key! You need to differentiate yourself from your competitors. No matter how small this difference may be, you need to be able to demonstrate how unique your product is. You have to clearly define your USP, positioning, and the market
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- 6. Identify Your Customer Base No matter the kind of business you've been dreaming of setting up, you need to understand that someone out there will require your product or service sooner or later. There is always a market for every product. Know where to focus and understand the demography.
- 7. Don't Compromise On The Quality The worst mistake any entrepreneur can make is to introduce a service; carry out widespread marketing campaigns and ad placements only to deliver a service of depreciated value in the long run. You may fall for the fancy figures but it wouldn't help your business.
- 8. Do Your Homework Are you the first one to think about this idea? Do you have a competitor? Research online and visit conferences in your industry. You don't want to know someone else has got there first after you have invested your valuable time and money.
- 9. Build A Prototype Building a model of your product will be really helpful. If you're creating a service, your prototype can be a process map that details customer contact points and what has to happen internally to meet customer needs.
- 10. Determine Your Resource Requirements What exactly do you need to get started? Think about how you can set up the workspace. You can approach a commercial contractor to construct your dream office.
- 11. Cornerstone Get in touch with Cornerstone to manage your office construction project from start to end.