This document provides tips for entrepreneurs on turning an idea into a successful business. It advises entrepreneurs to identify a problem in the market and how their product or service will solve it. Entrepreneurs should research potential customers, their preferences, buying behaviors, and identify skills needed to build the business. Partners or events can help fill skill gaps. Planning finances, pricing, distribution strategy and obtaining startup capital are also covered, along with creating prototypes to test with customers and improve the product or service based on feedback. The overall message is to research thoroughly, adapt, and persevere through challenges.

1. face a common problem of…

2. …how to turn an idea

3. into a successful business

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6. Which problem you are solving

7. Or how you are improving
a current product on the market

9. market

10. Who are your potential customers?

11. What are their preferences?

12. Why and when do they buy?

14. help

15. Do you possess all the required
skills and knowledge?

16. If you lack the necessary skills,
look for a partner.

17. Meet other entrepreneurs to
draw from their experience.

18. Visit entrepreneurial events and
organizations.

20. financial plan

21. Look for costs of production,
distribution and selling.

22. Compare to your competitors
prices.

23. basic strategy

24. Where, how and to whom are you
selling your product – and for
what price.

26. source of capital

27. How will you fund your idea
- family, banks, fundraising?

29. prototype

30. It will allow you to receive feedback
from potential customers.

32. prototype

33. Evaluate the responses and
improve the product.

35. positive
Research, adapt and succeed -
Do not give up.

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