SA Business Hub - We take pride in offering the most practical and effective small business tools, knowledge, resources and coaching for you to lead your business to success!    
Not logged in  |  Click to login

Powered By: Crafty Syntax

HomeForumHR & PerformanceE-CommerceStart-UpAccounts & FinanceClassfiedsOpportunities
Business FormsLeadershipMarketing & SalesBEEBusiness ServicesLive Events Calendar
 
Join us on Facebook!Follow us on Twitter!Follow us on LinkedIn
AffiliateHelp
Join2 Minute Tour
  
 
Virtual entrepreneur package

This package includes the comprehensive transaction support service package as well as the virtual office services and website design and hosting services. The package has an initial fee of R8000 and a monthly fee of R1000 per month for the first 6 m...

More detail...
 




       
Join our mailing list
 
 
 
Manage High Growth Business Seminar

Have you noticed that as a high growth company people thought you were so successful you didn'’t need help? In fact as you look around it’s almost impossible to find anyone with a real understanding of the issues you face. As the owner of yo...

More detail...
 


 



Posted: 2005-04-18 / Author:

Turning Your Good Idea Into A Great Business

No matter how confident you feel about your good idea - others (your customers) need to feel the same way too. Imagine how you would view your business idea if you were the customer. Your idea needs to be attractive to customers to create a market, viable to allow you to make a profit and sustainable to support you longer term.

Purpose of Class
Great businesses start with good ideas. That’s also how they end unless backed up by viability tests, research and sound business practice.

Key Points
Good business ideas do not have to be novel, original or revolutionary, they have to be viable and marketable However, it is not good to be identical to another business - you need something to distinguish you from the competition If your good idea is backed up by your established skills and knowledge in those areas, you are more likely to succeed. If not, you need to acquire the skills and knowledge first. Hobbies and crafts can be turned into businesses, but just because you enjoy something or are good at it, doesn’t automatically make it viable as a business The market is critical in determining the success or failure of your business. Lack of market research, turns your business idea into a gamble.

Five Questions This Class Will Answer
1. What are your skills in a) your subject area, b) in running a business?
2. What makes a good market?
3. How do you define your good idea and check how successful your business will be?
4. How can you determine if your business idea is competitive and profitable?
5. How can you explain your business idea in a way that will appeal to others?

Five Problems This Class Can Help You To Overcome
1. People know about their subject, but don’t know how to make it into a business
2. People underestimate the time and effort that is required to turn a good idea into a business
3. People fail to make financial plans to support themselves while they are establishing their new business
4. People fail to conduct proper research to establish the best market - or if there is a market at all
5. People fail to set aims, objectives, targets and plans and wonder why their business drifts into failure




R 142.76

Add to cart
 
 





SA Business Hub

Coaching    HR & Performance    E-commerce    Start-up    Innovation    Accounts & Finance    Marketing & Sales    Leadership    Business Forms    

Call Us on 0861bushub(0861287482)
© 2005 - 2017 SABusinessHub (Pty) Ltd. All Rights Reserved.