So You Have a Big Business Idea – 8 Nuggets About Implementation

Many interesting business ideas are being generated by people who are business – minded on a daily basis, but your ideas must move from being interesting to being actionable. You have big dreams; how are you going to break it down into small sizeable chunks that you can implement where you are, with what you have right now? Your idea doesn’t have to be the biggest, brightest, milestone type of idea. It doesn’t have to be life – changing, legendary proportion. It has to be one that stretches your faith a little. Most businesses know where built on faith, hope and determination.
1. Be specific about the arena in which you are going to compete. You idea may require you to become part of the world of science, entertainment, politics, religion, sport or commerce. Most people’s undoing is their brilliance because they think of a lot of ideas they do …

Starting a New Business: From Vision to Implementation

Business trends indicate the number of new businesses is on the decline. Some would blame the decline on the economy and lack of funding from financial institutions. While others, will argue that it is due to the over-imposing commercialism of corporate America which leaves no room for smaller businesses. Regardless of the view you subscribe to. There is one undisputed fact: There is a decline in Small Business Loans. The Small Business Administration has reported a noticeably decrease this year in the small loans ranging from $100,000 and under, that are generally granted to smaller businesses.
Given that financial institutions are not throwing money at venturers. Now, more than ever entrepreneurs must give great forethought prior to launching themselves onto the entrepreneurship track. They must be strategic and give consideration to the 3 principles outlined below to fully actualize their dreams.
1. Commit to one Business Idea
The first step …