How to translate ideas for small business

It is no secret that the number of interesting business ideas significantly exceeds the number of successful entrepreneurs. Why is it that far from every interesting business project comes to life? The fact is that entrepreneurship is not only a unique idea of ​​a product. It requires certain knowledge, skills, concentration of will and the ability to continue the work once begun. And this applies to any business projects - both small and large.

You will need

• - entrepreneurial idea;

• - business plan;

• - a team of like-minded people;

• - investments;

• - organization skills;

• - determination and perseverance.

Instruction manual

1

Be prepared for the fact that the implementation of even a small business idea will require a lot of effort from you. It’s not enough to offer the idea of ​​a good product. It is necessary to organize its production, to carry out a number of preparatory measures, including the search for resources, production capacities, and personnel selection. From the very beginning, tune in to hard and not always pleasant work that will take all your time.

2

Evaluate your small business idea. Whatever it touches, a new product must be not only new, but also in demand. It will be a shame when you do work on a project, and then find that no one needs your product or service. Carry out market research to determine who, where, when, and for what reason wants to take advantage of your business.

3

Be sure to write down all the thoughts that come to your mind when working on a project. In itself, no one needs even a very good raw idea. To become part of your and others’reality, the project must grow in detail. Make it a rule to have a notebook with you at any time. In it, you will be able to reflect those issues that have to be solved in the course of work on a business idea.

4

Work out the overall structure of the future small business. Break the previously collected material in the form of notes into semantic blocks. Make a start from the functional structure of the future business. Each individual block should include a number of operations similar in purpose. Walk along the process chain, trying not to miss not only the basic, but also the auxiliary operations.

5

Proceed to a comprehensive business plan. Determine the stages of creating an enterprise, the method of production of goods or services that underlie your idea. Evaluate your financial capabilities. Indicate in the plan sources of additional financing, which, if necessary, you can use. Describe market penetration strategy. Define the time frame for the implementation of each stage described in the business plan.

6

Assemble a team that will help you in translating the idea. This is not only about the staff of the company, but also about a group of like-minded people who share your idea and want to take part in organizing a small business. When selecting people, focus not only on friendships, but also on business qualities. In the ideal case, you will have a close-knit team of three to four people, each of which will fulfill its organizational functions.

7

Register a small business and start a phased project. Do not be embarrassed if the target dates are not always met. The main thing in implementing the idea is perseverance and the ability to overcome the inevitable unplanned difficulties that stand in your way to the goal.