Answers
FROM IDEAS TO SUCCESSFUL BUSINESS MODEL
Advisor:
Nguyen Thi Hong Trang
Managing Director
Quadrill & Vera International Ltd.
Timing:
The discussion is open from 22-07-2011 to 08-08-2011
The advisor answered on 05-08-2011
How long does it normally take to nurture a business idea?
What should I do & know before quitting my current job to start the new business?
Pages
- Nguyen Thi Hong Trang1312536273
Well, I guess it may takes you longer or quicker depends much on the nature of the business, industry and investment rate. Normally, it takes you quite a long period of time from the very first idea formation to execution through these essential steps: market research, SWOT analysis (to see its feasibility), set a detail plan (5P: Product, Price, Promotion, Place, and People), and do market test then do the assessment.
Also, you should take these into serious consideration: WHY YOU WANT TO OWN A START UP? Don’t make your decision just because of some temporary causes, such as I don’t like this company, I hate that boss, I’m tired of being an employee, etc. Starting your own business, without careful consideration, once failing, would lead you into even much more serious depression compared to current difficulties.
-
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5rblKWl5uDn9ecnp5SwpzY0tTCzcpTcM9rlm3jsw..
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9Sel5yImGKYW5_g3w..
-
More
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuY5yHmJObhp3ZnmmbW9Pa0MjWxaaeylOhpaBqaohplWttWqGysQ.. - Paul Wong1312426000
What a great question! I see a business idea like a seed and depending on the kind of seed, it takes different time and strategies to nurture it successfully. The important key is not how long, but how committed the entrepreneur is willling to be, which will determine how far the idea goes. A seed typically goes through this cycle: Plow -> Plant -> Nurture -> Harvest. For the entrepreneur it looks like this: Idea Development -> Selling the Idea -> Testing the Idea -> Evaluating/Enjoying the Results and the cycle begins again. This has helped me see entrepreneurship as an ongoing discipline/passion and let the "how long" question take care of itself. Hope this helps!
-
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5rblKWlZWDn9ecnp5SwpzY0tTCzcpTcM9rlm3jsw.. 1
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9Sel5yImGCSW5_g3w..
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuY5yHmJGVhp3ZnmmbW9Pa0MjWxaaeylOhpaBqaohpmWduWqGysQ.. - Alexander Kopriwa1311340165
Document your idea and refine it - try test with some potential client for feed back. Network a
-
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5rblKUmpyDn9ecnp5SwpzY0tTCzcpTcM9rlm3jsw..
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9Sel5yIlmWZW5_g3w..
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuY5yHlpachp3ZnmmbW9Pa0MjWxaaeylOhpaBqaohplGxpWqGysQ.. - THANH NGUYEN1311367952
In my experience, it may take at least 4-6 month to preapre a proper business plan (i.e. Plan, ask for advice n feefback, revise n revise...). While doing the plan, you should define clearly n HONESTLY what resource ( money, infrastructure, people..) that the business need and what skill / knowledge u and the team need. Then based on that u would know how much time u need to get all these preparation together. Of course while preaparing, keep yr eye and eye open, so that u keep fintuning the idea. When everything ready, opportunity would appear even before u know it:)
-
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5rblKUm5aDn9ecnp5SwpzY0tTCzcpTcM9rlm3jsw..
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9Sel5yIlmaTW5_g3w..
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuY5yHlpeWhp3ZnmmbW9Pa0MjWxaaeylOhpaBpaohqlGZac-Oy -
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5rblKVnpWDn9ecnp5SwpzY0tTCzcpTcM9rlm3jsw..
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9Sel5yIl2mSW5_g3w..
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuY5yHl5qVhp3ZnmmbW9Pa0MjWxaaeylOhpaBqaohpl2ZvWqGysQ..- Super Technologies1670831112
The first step to a successful business model is to identify the problems that your business will solve. The more you know about your customers, the more you can tailor your product or service to meet their needs. Explore this astro turf toronto for best reviews. Once you have a good idea of what problems your business will solve for its customers, you can begin working on developing your business model and refining it to match the market and your competitors.
-
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5tblKVmJySlYad2Z5om1vFxtbS1sWamYhsz2yWca3j
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9SemZyIl2OZapWFneDh
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuZZyHl5SclZOIn6Obcp6F0drSy6OU25rKVKGpapxyhmtpbJxpbFVvtrI. - Ciara Veum1674113955
Animal control is a solution to the problem of stray and abandoned animals in our community. It provides a place for these animals to be cared for, fed and sterilized while they are being adopted. The animals are also given medical care if necessary. Additionally, animal control solution also provides a way to reclaim lost pets that have been wandering aimlessly through our streets without food or water. These animals can be returned to their owners who have lost them and they will receive proper care before being adopted into new homes.
-
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hybqBXlaGnsJqqW23YampqhZ2kpp6nrMGcmoZrqp5tblKVmZSVmoad2Z5om1vFxtbS1sWamYhsz2yWca3j
- hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJiUaoObydbWpNLZqJrYc9um2qWeroyxgVpz2W9qbVaplqqan9hSbJGdaXCtqG1snFWX0qOuyaqTmcaHn9SemZyIl2SRbZqFneDh
hZWZmZlhl2mUl5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsm2pTcdGrrZenVW7VbW6eUp3Zppeky9TSg5_XnJeYaoOgydel0tHTlqPad9Wk01hr2XKab1qox6eVoKdbcJlzZJ-rpGqccliTo6aqx6WVzZRZn6tuZZyHl5WUmJiIn6Obcp6F0drSy6OU25rKVKGpapxyhmtpbJpta1VvtrI.