I just ran into this post from Cayenne Consulting about turning your idea into a business and I just had to share it with you. It’s a great post and I think you should check it out. There are a few things I would like you to focus on:
- Turn your idea into a business in your mind. What would people pay for? Who would be your competition? And what would you charge for your goods or services?
- Learn all you can about your industry. What can you do better or more effective than your competitors? Find out what your competitors are using as leverage, price or quality?
- Clearly, define who your customer and market are. Who will you be selling to? Who will most likely buy your product?
Remember your business has to make sense on paper before you reveal it to the world.