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How to turn your business idea into a business? Be realistic.

Business Ideas
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Question added by SAHL HIJAZI , Purchasing Manager , BINZAFRAH GROUP
Date Posted: 2013/09/14
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SAHL HIJAZI
by SAHL HIJAZI , Purchasing Manager , BINZAFRAH GROUP

How to turn your business idea into a business :

  1. Research your market - identify potential customers. Talk to them and find out if your idea is meeting a real need.

  2. Develop and plan - test your product or service with real customers, make changes, and test it again. Keep doing this until you’re sure there’s a demand for it.

  3. Find partners and suppliers - think about who you’re going to work with to develop and sell your idea.

  4. Set up your business - work out which legal structure is right for you, and whether you want to sell shares.

  5. Get funding - explore different sources of business finance, from bank loans to government-backed schemes.

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