How to make my wish come true?

i have some ideas about the internet issue.

what do i need to do to turn my ideas to reality?  i started to write them down in my notebook. but what should i do next?

 


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You will need a business plan, a prototype of your service or product and a list of potential investors. The business plan should contain (1) description of the value your service or product will create; (2) assumptions about the perceived value (demand) (3) revenue model (how the value will be monetized) (4) projections about the needed investments; (5) projections about the income (6) projections about the ROI - return on investment (beware it does not appear with the minus sign in front! :)))) Once you make contact with the investors, you will show them the prototype and ask them to help you cover the expenses of a focus group survey. This survey will help you fine-tune the model of service and the business plan. Next you will make a marketing plan. Then sign a contract with the investor for some money to start. You might decide on bootstrapping here. You will gather a team, rent necessary equipment and/ or office space and so on. And that's it in brief.

The words in italics are specific terms. I would be glad to explain them in detail but I will leave this task to you for three reasons:

You can learn about them by simply performing a google search. There is tons of information on each of them. Wikipedia is a good starting point. Or these two: http://www.businessplans.org/businessplans.html and http://eu.knowsleycollege.ac.uk/EVEC/index2.php

It is a daunting task for one person to explain them all;

I am just a novice in the entrepreneurship field and I might not be understanding them the right way.

Here is my disclaimer: the scheme described above is just a suggestion I find useful for me. There could be mistakes in it and there could be much better ways to make the first steps.


Posted 2 years ago ( permalink )
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14 thumbs up

Do it yourself - it's fun 

anm idea is a great beginning,

my two cents: what I would recommend you do next is:

  • Evaluate your ideas  and chose the one that has the highest success - here are a few questions you should be able to answer before you continue:
    • Is there a market potential for it?
    • Does it provide value? try to articulate the value in clear messages
    • What is the business model behind it?
    • are there competitive offering -  what are the barriers and advantages you have?
    • How feasible is the solution you are trying to put together?
  • Once you chose the best idea:
    • prepare an executive summary and write down the key values of your solution, the competitive edge, the business strategy, marketing strategy and business model - it's important to spend the time to write this down as this will help you sharpen your thought process
    •  See who can help you put it together and implement it - start with the smallest possible team and create a proof of concept and a prototype
    • Raise some initial funding - angel money could be the fastest and easiest

 

Good luck !


Posted 2 years ago ( permalink )
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thanx for your fast answer, but i have problem with one point:

  "See who can help you put it together and implement it - start with the smallest possible team and create a proof of concept and a prototype"

well, the problem begins here, how can i count on a programmer that he will not steel my ideas? 


Posted 2 years ago ( permalink )
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sign him/her on a non-disclosure contract, and make sure that he has a stake in the action in return for his participation.


Posted 2 years ago ( permalink )
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Seek feedback whether your idea really has the potential to make money (i.e. whether its revenue model would work). Only then begin thinking about marketing, attracting investors, etc. Places where you can ask for feedback are forums like:

http://www.zeromillion.com/talk/

http://www.entrepreneurstalk.com

www.YoungEntrepreneur.com

As for stealing your ideas - well, there are soo many business ideas out there! Generating business ideas is not hard; persevering to realize them is. In the best scenario he will steal it and will give up quite soon, meeting the overwhelming difficulties. In the worst he will be one of your competitors. If your business idea is viable, competition will emerge anyway.


Posted 2 years ago ( permalink )
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7 thumbs up