Article Categories
» Arts & Entertainment
» Automotive
» Business
» Careers & Jobs
» Education & Reference
» Finance
» Food & Drink
» Health & Fitness
» Home & Family
» Internet & Online Businesses
» Miscellaneous
» Self Improvement
» Shopping
» Society & News
» Sports & Recreation
» Technology
» Travel & Leisure
» Writing & Speaking

  Listed Article

Reprint this article 
  Category: Articles » Business » Entrepreneurs » Article
 

Business idea... opportunity planning... action... culmination


By Naz Daud


At first all new businesses start of as an idea. How do you turn this idea into a profitable opportunity? When the idea grips you so much, that you wake up in the middle of the night and hurriedly scribble down some notes, what do you do next? Some of the best business ideas I have had have come at night but usually they are so bold that most of them end up in the "ideas box".

What is the procedure to follow when a revelation occurs usually late Friday night, early Saturday morning?

Business Idea…

Now that you have an idea for a new business, how realistic is it? Does it still sound interesting in the cold light of the day? Does it fit into your lifestyle? Can you dedicate the time and effort required to do the next step...

Opportunity Planning…

Now that you have decided to take your business idea to the next level, break down each stage into manageable chunks. To turn your idea into a profitable opportunity, create a plan for each "chunk" and allocate time and resources to it. Your plan doesn't have to be extremely complicated. You can deal with hurdles as they arise. This now leads to...

Action

Set a deadline for each section and congratulate yourself every time a milestone is reached in the new business. Acting on your plans makes them more real and each time you achieve a part of your plan, it will make you stronger for the next step. This takes us to the next step...

Culmination

When you have taken an idea from just a thought, to planning, then action and eventually to business success, you have to take a step back and think about why you started it in the first place. Take some time off and recognise your achievement. Make sure that you celebrate your success... don't miss out on the fun!

Summary

It is not good enough to have a good business idea if you never take it to the planning stage. Once you have written down the road map, then you have to act on it. Once you achieve your business goals in your new opportunity, then surely you must give yourself a pat on the back and celebrate.

Looking at the above model, business idea... opportunity planning... action... culmination, which area are you strong in and which part tends to let you down? Now is the time to get the right person to help you in the area you are weakest!
 
 
About the Author
Naz Daud is the founder of CityLocal Business Franchise Opportunity
Business Franchises and UK Business Directory
Business Franchise Opportunity

Article Source: http://www.simplysearch4it.com/author-articles/11089/1.html
 
If you wish to add the above article to your website or newsletters then please include the "Article Source: http://www.simplysearch4it.com/author-articles/11089/1.html" as shown above and make it hyperlinked.



  Some other articles by Naz Daud
Making your Franchise Business work
Buying a Franchise Business is not a get rich quick scheme. You have found the right opportunity, analysed the viability of the business, met the franchisor and signed the franchise agreement. Now the hard work ...

What Business will they Franchise next?
The franchise industry is famous for its fast food, printing & coffee franchise opportunities. These businesses are well known for the quality of their output and reasonable prices. Some of the earliest entrants to ...

Franchise Business - Frequently Asked Questions
In this article I cover the most frequently asked question about the franchise industry, the opportunity costs, and my responses to the question posed. Question: What is franchising? ...

Business Etiquette for Letters & Emails
When writing Business Letters and Emails, what are the basic rules one should follow? Your letter might be the first point of contact with another business, and how it's ...

Business Entrepreneurs Take Control of your Business Now
Don't let your business control you. To be successful, you must drive the business forward. Stop working so hard and start thinking! What ...

Transform the Business Offices and Increase Vibrancy
Do the business offices hinder our performance, or are they actually contributing to our success? We can, by making small changes, improve our working environment so that it channels our energies in ...

  
  Recent Articles
Money - Go For It
by Alwyn Beikoff

The Man In The Pink Pig Hat
by Michael Wooller

Don't Just Stand There, 8 Steps to Make Things Happen
by Beth Schneider

Be an Entrepreneur: How to Start a Healthcare/Medical Recruiting Firm or Nursing Agency
by Dave Carter

Business Entrepreneurs Take Control of your Business Now
by Naz Daud

What are You Doing to Give Your Business Immortality?
by Yvonne Weld

Expert Envy
by Susan Friedmann, CSP

When To Sell...And When Not To Sell
by Rohn Engh

Business idea... opportunity planning... action... culmination
by Naz Daud

Making a Shrewd Investment in Property
by Naz Daud

5 myths about entrepreneur
by Joe Lee

Choosing a Good Point of Sale System
by David Overholser