Those can surely be turned into selling products, but you won't end up building a business out of them. These are the nice-to-have ideas. You must spend time getting to know from the market whether your idea or product is a nice-to-have or a must-have. Nice-to-have products are mostly in the novelty domain or are not compelling enough for customers to buy or own.
If you want your ideas to develop into successful products that help you create and sustain a business, then go after must-have ideas. So, decide what is important to you: the figment of your imagination that tells you your idea is a million-dollar one or validating it to build something that can get you the actual million dollars.
Turning your idea into a successful business
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Rahul Varshneya. Guest Writer. January 2, 5 min read. Opinions expressed by Entrepreneur contributors are their own. More from Entrepreneur.
Turning your ideas into action
Terry's digital marketing expertise can help you with campaign planning, execution and optimization and best practices for content marketing. Book Your Session. Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level. Join Now. Are you paying too much for business insurance?
Do you have critical gaps in your coverage? Show it off Whether your idea is a new product or service, you need to validate it, build a minimal viable product MVP and demo it to your audience. Listen to understand Too many of us just listen so we can prepare our answers instead of trying to understand, but this traps us in a cycle of only considering our thoughts instead of taking in feedback and praise that can be built on.
How to Turn a Worthless Business Idea into a Million-Dollar Startup
Make it better You started, made a plan and tested it, but none of that matters if you can't take your feedback and put it out into the world. Ron Ben-Zeev. See Ron Ben-Zeev's Profile. The expeditionary structures are insulated, therefore requiring less energy for cooling and heating than other technologies. Ron is also very active in the Central Florida community — he organizes local TEDx events, is an adjunct professor at Rollins College and is the founder of several entrepreneurial groups.
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Step 1: Draft a plan to turn your business idea into reality
We'd love to hear your voice! Login to comment. Your passion and of course, hard work, will eventually help lead your company to success. Many entrepreneurs dream of their moment in the spotlight, but for year-old Sharon Winter, that dream became a reality when she was tapped to star in Startup U. Anthony Spallone is adept at turning big dreams into reality.
Step 2: Consider your financing
In other words, the serial entrepreneur is more than willing to indulge speculative ideas and embrace risk, but never complacency. True story: Two guys walk into a holiday barbecue, grill some burgers, drink some beers, and come up with one of the hottest Latin franchises in Miami. Chaitenya Razdan. Find something that you are passionate about Turning a concept into a reality takes a lot of time and work, so it must be fueled by passion. Do your research and talk to everybody Customers are complex. Find the right team with relevant experience Being an entrepreneur can be a lonely and grueling process.
Think your business idea is impossible?
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Anthony Spallone makes it a reality.