At first all new businesses start of as an idea. How do you turn this idea into a profitable opportunity? When the idea grips you so much, that you wake up in the middle of the night and hurriedly scribble down some notes, what do you do next? Some of the best business ideas I have had have come at night but usually they are so bold that most of them end up in the “ideas box”.
What is the procedure to follow when a revelation occurs usually late Friday night, early Saturday morning?
Business Idea
Now that you have an idea for a new business, how realistic is it? Does it still sound interesting in the cold light of the day? Does it fit into your lifestyle? Can you dedicate the time and effort required to do the next step…
Opportunity Planning
Now that you have decided to take your business idea to the next level, break down each stage into manageable chunks. To turn your idea into a profitable opportunity, create a plan for each “chunk” and allocate time and resources to it. Your plan doesn’t have to be extremely complicated. You can deal with hurdles as they arise. This now leads...
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