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Message: [QUOTE="Mellorando, post: 206733, member: 37973"] 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. [/QUOTE]

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