Business ideas and how to implement them!

[Mellorando]

It is said that "ideas rule the world". You feel pumped up and think of that ground breaking idea that would change the world. Five years after, you discovered that your life hasn’t changed, let alone the world. Ideas are zero worth until they hit the road. Only when you start will you know the true worth of your business idea. In this 21st Century when innovation is moving at the speed of light, nobody invests in business ideas. The true value and worth of an idea are known after you implement your business ideas. You start attracting investors when you start implementing your idea. No matter how you twist the idea narrative, you’ll discover that some of the most important things in life don’t come with instruction manuals: spouses, kids, entrepreneurship, and businesses. You have to put in the work to know what works.
If an idea solves a real problem that someone in large quantity desperately wants to solve and is ready to pay for the solution will be more worth than ideas that don’t solve a real problem, nobody wants the solution, and nobody is ready to pay for that solution. Below are ways to implement great business ideas:

1. Look for pain points, don’t wait for the right moment:

A sustainable business should generate out of a pain point, which in other words, is an opportunity. Kar-Worx was born out of a pain point that was then used as an opportunity to cater to a dire need in the aftermarket service industry. Waiting for an idea to hit you is probably the worst idea! Talking to potential customers will help you gauge the shelf life of an idea and if it needs changes.

2. Share your business idea

Once you have a business idea in place and the necessary research material, pick a few customers or industry colleagues, may be from your family and peer group or a reference to share your ideas. Allow questions and healthy criticism to evaluate the credibility and potential of your idea.

3. Find a mentor

It is always good to have a mentor when starting up. A mentor, who guides you, supports you, be unbiased in his opinions and connects you to the right set of people. Most importantly, he/she should be able to give time to your business idea. A mentor could be your professor or even a peer member or an industry expert.

4. Make a business plan

Making a business plan is critical – concept, financials, requirements and strategies should be penned down in detail. While working on getting the business up and running, it is important not to loose focus and pivot away from the plan. Having the plan in front of you will help adhere to the basic groundwork.

5. Understand your market needs & adapt to change

Doing a thorough market research of your target audience, demography, buying pattern, micro and macro factors that could affect your business goes a long way in getting you sales because you have already tested the viability of your product/ service. Adapting quickly to the findings of your research/survey one can help you cut loose of unnecessary losses, delays and stalling in the future. But remember you cannot always be right, so be ready for change.

6. Learn the technicality

Being an entrepreneur comes with a lot of challenges, having said that, it has its rewards too. For a service industry, trust doesn’t come easy. For building good customer and vendor relations, what has helped me the most is spending time with my blue collared employees and understanding the nitty-gritties and technicalities of cars. Being technically sound goes a long way in creating a trust value with your customers. It can also be a great tool to help you get away with vendors, who try to outsmart you.

 

[Jasz]

There are many people who choose to be entrepreneurs. Business ideas are the soul of business. The benefits of implementing business ideas are that we can create a satisfying and comfortable life for you and your family.

Business ideas can come to anyone. The knowledge required to implement these ideas into reality, however, is in short supply.


The purpose of business ideas is to generate profit. This will excite the investor and motivate him to invest in your business. Each man has his own motives and objectives, so do not be offended if he rejects your idea or finds it uninteresting. Often the rejection of one business idea leads to the feverish implementation of another idea. The most important thing for you is to maintain a positive attitude; then you will win over your investors and achieve creative development!

 

[Kingsley]

Whenever we hear the word business what come to mind is making money, many people see business as an avenue to make money. But this is not always true as so many people get themselves involved in one form of business or the other, and yet they have nothing to show for it and infact many became bankrupt and heavily indebted. And there are others that are struggling to keep the business afloat and for that reason the business lives solely on loans. While there are still others that are doing so well in business and Making the money a business is suppose to make.

Now before thinking of starting any kind of business the first thing to consider is what you love doing and you don't see as stress, don't copy a business just because you see other people doing it. It is always better to spend your time and money on what you feel comfortable with.

then always take market survey of what is the people needs in the community, then make necessary plans to start and raise funds.
But if I may suggest you can invest on the sale of rice in bags. This business is very lucrative as food is very essential and rice is a staple food.

 

[PICKFORD]

I totally agree with you, ideas for sure rules the world, and if your ideas are not implemented there remain nothing but ideas. one of the thing causing people not to implement their business ideas is mostly the lack of capital to start up business establishment, basically in Nigeria a lot of people have good business ideas but as a result of instability of the government and no support from government oppression is leading to the lack of capital business ideas are being killed or wasted.

A lot of people will seek bank loans to establish or implement their business ideas but that is not always the right way to do so. why not take the initiative to discuss your matter with a mental or a top enterpreneur letting him see ways in which your product on your business ideas will be profitable to his or her company, there are a lot of entrepreneurs looking for a young entrepreneurs with good business ideas, and if yours is good enough, well planned and researched you could end up being a call enterpreneur or better still an employee under an employer or entrepreneur.

Another way to implement business ideas in other countries is to seek government grants and support, letting the government know what your business idea is and how you can make the economy grow.