Writing business ideas

Friday,September 19 ,2008

Leading a business idea into paper could be the most stressing and boring task, however it should be done every time an idea comes into mind. So, how can we write a new business idea onto paper?

Write down describing all what came into your mind.: Organizing an idea using the most common method: rain of ideas; write down each tought you had in your mind then imagine how would be working you idea, how are you going to sell, first act if you were the costumer before dreaming how much income you will get from them
Analyze all possibilities:
- Prices: Think first if the idea leads to a new product then calculate all the prices as low as posible: raw material + manpower + profit percentage
- Market competition: Your competitors if exists should be studied, also if other related product could affect your business do not hesitate to investigate all about them.
- Budget: VERY IMPORTANT calculate the budget before doing every thing else, rembember the budget should be calculated according the time frame
- How people will react to your idea.: New products are easily accepted only if are slighty similar to others otherwise people may reject them, most of the time consumers need to be educated into new products, technologies
Follow the steps of business development: Setting up a Business Plan

Category Business Ideas

Comments (4)

Thanks for the business stories you share. Good luck in your business journey. I am glad to encounter people who shares their business stories and experiences.

elizabeth

good

I started as site that can help with ideas, it is a complete step-by-step guide to make a free site, no worries.

Thanks for the advice, this is something I need to practice more often. Usually I end up getting really excited about an idea and don't think it all the way through.

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