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Monday, June 7, 2010

Starting a New Business Part 2 - Developing your Idea



You have an idea in fact you probably have lots of ideas, but how do you develop your idea into a business.  I have had many many business ideas and got quite excited about their possibilities - but the hard work is turning that idea into your vision your passion and your business.


To develop your idea you have to go through a process of deep examination:
  • develop your idea, visualise what you see as the end result
  • whats your mission your vision for the future
  • ask yourself do I want this, is my lifestyle ready for this
  • evaluate your idea ask yourself lots of questions why, what, where, why not
  • look at who your potential customers are, what are their needs 
  • how can I stand out from my competitors, do I have a unique selling point
This can be a difficult process but remember do not be put off by the fact that someone out there has already done something similar, if you have the passion and the vision you can get some of that market share.
Begin with the end in Mind - Stephen R Covey
If you don't make a conscious effort to visualize who you are and what you want in life, then you empower other people to make decisions for you.  And as I have often heard people say if your ladder is not leaning against the right wall, every step you take gets you to the wrong place faster.
        • Visualize your direction and result
        • Develop your mission statement
        • Imagine what success feels like
        • See a successful end
        • Decide your value system
        • Have goals
Set goals for developing your business idea and map out how you will achieve them.

The Skills Academy can provide you with a mentor to get you started on the right track. 



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