The Progression of Your Business Idea: Perspectives - StartupWizz | StartupWizz

The Progression of Your Business Idea: Perspectives an entrepreneur, ideas are what drive your business – and allow you to come up with products and services that your customers want and need. So while you may be jumping at the chance to follow through with every lead or idea, this may not always be the best path. Taking time to go through the steps of thought and allow your idea to grow is the best way to ensure that you’re making a good choice, so you can do your best to avoid any business missteps that may arise. At each different stage when thinking through an idea, consider all of the angles and make sure that your final decision on a business idea is a good one.

While dreaming up a product or service may seem simple to you, for many entrepreneurs, the following step of actually getting research to back this idea up is the hard part. So you got the idea for multipurpose animal hair trimmers in your sleep last night, but where is the plan that assesses why it’s needed in the market, and how you plan to put it out into the market for a profit? This is where many entrepreneurs fall short. You may want to move full speed ahead with this idea, but if you don’t take time for the idea to become objective and look it at closely – it will cost you. First, go out into the market and find reliable data to back up the need for your product. Then, make a rough plan for these hair trimmers using the information and make sure that you’ve honed in on the concepts and details.

Once you’ve got a rough plan, you then need to put yourself in other people’s shoes, looking at your product or service with a new perspective. You’d be surprised how easy it is to spot any holes in your plan with this method. The first aspect to consider is from the standpoint of your startup company. Do these animal hair trimmers mesh with products and services you’re currently offering? Will this strengthen your existing business plan? Next, think about how this product will appeal to the clientele base you’re aiming for. Is this the best value for their dollar? Why is it needed? Does it have any extra marketable features? Is it a good product with backing and reviews? The customer’s opinion and perspective are among the most important in this process.

Next, think about your competitor’s and how they will view the product. Do we have a similar product in stock? Is their product superior? How are we marketing our products in comparison? What is the price point? If you have a product that is nothing like your competitors’, it is either because the product is an innovative hit – or a total flop; either way, be careful. And finally, how will your employees and collaborators see this product? Will it be the success to them that you think it will be? Does it add value to their work and their portfolio? Continue to go back again and again and refine an idea, before progressing into the production and marketing steps.


The Progression of Your Business Idea: Perspectives
3 votes, 5.00 avg. rating (99% score)

20 Responses to The Progression of Your Business Idea: Perspectives

  • Bradford Dimock says:

    There are several methods for developing and testing a business idea. The ability to come up with a business idea can be transformed into a viable business, where ideas supported by feasibility and a business plan can then be sold to interested investors, firms, and interested parties for a lump sum or a management contract, or as agreed. Business ideas, if introduced at the right time, when demand for such service or a product introduced by the idea is expected to surge, can lead to a very profitable business. Business ideas are always available through different sources; however, it is the application applied on these ideas, and timing makes all the difference in failure or success.-

    Look out for our very own blog as well

  • Download says:

    Awesome post.

  • Www.Lqqm.Com says:

    What’s up it’s me, I am also visiting this web site daily, this site is really good and the
    visitors are really sharing pleasant thoughts.

  • If some one needs to be updated with hottest technologies then he must be pay a quick visit this web site and be
    up to date everyday.

  • Hk pools says:

    There’s definately a great deal to learn about this
    issue. I really like all of the points you have made.

  • nha cai says:

    Truly when someone doesn’t know then its up to other users that they will help,
    so here it happens.

  • This is my first time pay a visit at here and i am truly impressed to read everthing at
    one place.

  • Hi there, after reading this remarkable piece of writing i am also happy to share my familiarity here with mates.

  • sheetz food says:

    I read this post completely about the resemblance
    of newest and earlier technologies, it’s awesome article.

  • mega338 says:

    Man that 305 screen aint cheap.. at this shop.
    That hurts my heart just looking at it

  • dewa virus says:

    What you published was very logical. But, what about this?
    what if you were to create a awesome headline? I am not suggesting your content is not good, but what if you
    added something that makes people desire more?

    I mean The Progression of Your Business Idea: Perspectives – StartupWizz |
    StartupWizz is kinda boring. You ought to peek at Yahoo’s front page and watch how they create article titles to grab
    people interested. You might add a video or a related pic or two to get readers interested about everything’ve got
    to say. Just my opinion, it could bring your blog a little
    bit more interesting.

  • Hi to every body, it’s my first go to see of this webpage; this web site consists of
    awesome and really fine data for visitors.

  • I really like your writing style, fantastic
    info, regards for posting :D.

  • Appreciation to my father who shared with me regarding this web site, this website iis truly remarkable.

  • 1059Jamz.Com says:

    Hello just wanted to give you a brief heads up and let you
    know a few of the pictures aren’t loading properly.
    I’m not sure why but I think its a linking issue.
    I’ve tried it in two different browsers and both show
    the same results.

  • waterco w300 says:

    Wonderful, what a web site it is! This web site provides
    helpful data to us, keep it up.

  • For most recent news you have to pay a quick visit world wide web and on web I found this web site as a best
    web page for most recent updates.

  • Thanks for helping me tto get new strategies about desktops.
    I also contain the belief that one of the best ways to help keep your mobile computer iin leading condition is to usee a hard plastic-type material case, or maybe shell, that fits over thee
    top of one’s computer. These kinds of protective gear tend to be model specific
    since they are made to fit perfectly on the natural covering.
    You ccan buy them directly from the vendor, or fro third party sources if they are designed for your notwbook computer, however its not all laptop may have a covering
    on the market. Yet again, thanks for your ideas.

  • I read this paragraph fully concerning the comparison of hottest and previous technologies, it’s amazing article.

  • Your style is really unique compared to other folks I have read stuff from.
    Thank you for posting when you have the opportunity, Guess
    I will just book mark this blog.

Leave a Reply

Your email address will not be published. Required fields are marked *

Follow StartupWizz on Twitter

TC Cribs: Asana, Where Zen Yoga And Knife-Wielding Drones Are All In A Day’s Work: Summer is just about here a...

About 11 years ago from StartupWizz's Twitter via twitterfeed