What is your business idea?
Every business comes out of an idea. Business are started by men and women who see that people want to buy a particular product and service. When you have the first vague thought about a business opportunity, you need to develop it into a business idea and models. An idea that will be converted in wealth and fortune will tell you:
1. What product and services your business will sell.
To convert your good ideas into wealth, it must be based on what you are good at. Are you good at reading and writing? Authoring books and information will definitely be a good business for you. Are you good at interpreting numbers? Investing and stocks may be a perfect fit. Good at communicating and talking to people? You may take your lion share from the marketing world.
2. Who will buy your product and services? Your customers can be individuals or the businesses; these customers may be within a small area spread over a large area like the Internet where you can reach billions of people with your product ideas globally. One of the reason’s business is channeled to entrepreneurs using wrong ideas to target wrong people. Don’t let this happen in your case.
3. How are you going to market your product and services? There are so many ways of marketing your ideas; you may leverage Internet where over 6 billion people visit every day. You may use Adverts in magazines, Newspapers etc if you don’t blow your trumpet who will blow it for you?
4. What need is my product service and idea filling? It will surprise to know that this is the major problem of so many entrepreneurs. friends, Business is all about creating value that meets people’s needs. Doctors meets health needs; lawyers meets legal problems needs; accountant meets record keeping needs; pastors meets spiritual needs; your business must meet a specific need targeting a specific problem. These four simple secret systems if rigorously pursued as I have revealed here is enough to form your ideas into wealth and fortune.