Business ideas can appear at any time, maybe at that time you are driving to the office or are drinking coffee alone in a crowded cafe and suddenly you find a moment of enlightenment. You find a brilliant business idea and turn that business idea into reality will realize your biggest dream of becoming a successful entrepreneur.
You then feel very excited to start a business and turn that business idea into reality. Not long after that enthusiasm turns into a big question in your head, how do you turn business ideas into reality?
Turning business ideas into reality (regardless of the investment required time and money) is not easy. In fact, in the case that the idea is a great business idea it is often very difficult to realize it.
Some entrepreneurs can find the answers to these questions themselves and have more confidence to go further in realizing the business idea. However, if you are among those who have difficulty finding answers to these questions, the following steps are how to make a business idea a reality for you to learn
Cultivate Confidence To Realize Your Business Idea
There is no better first step to turning your business idea into a profitable business than growing your confidence in your business idea.
That is because there is a strong belief in your business idea is the most important foundation and foundation related to how you then take concrete actions in building a business, make important decisions and be patient in the face of business obstacles and risks.
The importance of confidence in the business idea becomes very important because, without a strong belief, you will most likely give up too soon. It should be understood that great business ideas often have important problems that need to be found in a solution so that the business becomes a profitable business.
If you have doubts about your business idea, you should double-check whether you are in doubt because your business idea is not good enough or because you have certain fears? If you doubt that comes from fear then you must first overcome the fear.
Make Strong Decisions
Having a belief in your idea is not enough, you also have to make a strong decision to realize your idea. Jack Ma, founder of Alibaba, did not have the capital, experience, and education when he started the business. But Jack Ma has a strong decision to realize his idea whatever obstacles that hinder him. To make a strong decision, you must first identify what beliefs or mindsets are limiting you.
The step to dealing with your negative beliefs is the most often overlooked. I can assure you, if you don’t identify and overcome beliefs that limit you, you will not succeed in turning your ideas into business.
Looking at developments in neuroscience and brain studies in the past 10 years, it can be confirmed that these self-limiting beliefs are embedded in our subconscious. Whereas our subconscious controls 96% of our behavior, so overcoming self-limiting beliefs and changing our subconscious mind is an important step.
Know the Important Parts of Your Business
To turn a business idea into a real business is to know what is an important part of your business. To find out more about what is an important part of your business, one way you can do is create a business model canvas.
Write a Business Plan
The next step in the step of how to turn a business idea into reality is to write a business plan. Writing a business plan has many benefits including the following
If you want to get funding from investors, having a good business plan is very important. Without a clear business plan, it will be difficult to convince investors if you have enough understanding and prospects for the business.
Writing a business plan that is done correctly connects the points in your business so you get a better picture of the whole. Starting from how many sales must be made to Break Event Points? How big is the business margin that you should get? what is the budget for marketing? and how do you expect future business growth?
By writing a business plan you can find out in advance what are the obstacles might be faced. Knowing the obstacles that might be faced more quickly allows you to make preparations and think of solutions long before they arise so that you can resolve these obstacles faster.
Perform Market Validation
Starting a new business is always full of risk. You cannot know for sure whether you will get the number of customers you expect. On the other hand, you might just guess what kind of goods or services your customers want.
A simple example of the market, validation is asking the opinions of office friends, family, friends and people around you about how the taste of food or cakes you make before trying to open your own restaurant or cake shop. Asking for their opinions before opening a restaurant can certainly reduce the risk of whether the food you offer tastes good enough for people to buy it, this is the basis of the logic of market validation that is whether the product or service you offer is good enough so that people want to buy or pay for it.
Focus on Strategy and Execution
In a simple example of market validation, ask your office friends, family, friends and those around you for the taste of the food or cake you made before trying to open your own restaurant or cake shop. Asking for their opinions before opening a restaurant can certainly reduce the risk of whether the food you offer tastes good enough for people to buy it, this is the basis of the logic of market validation that is whether the product or service you offer is good enough so that people want to buy or pay for it. If so, then at this stage you already have a much better picture of your target market, prospective customers and products or services like you that you offer later. After knowing this you will also know what steps to take next.
Start with the most important things to be done by the business plan that you make and make sure the decision you make matches the strategy you set. For example, if you do not have enough capital to start your business, you can try to find capital from friends, family, or people close to you who believe in the quality of the product or service that you offer. Or, you can look for investors by presenting a business plan and the results of market validation that you get.