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Small Business Ideas

Postby TeacherAngel » 09 Jan 2017, 10:52

Idea sprouts from out of nowhere while there are times that it is too evasive right when it is needed. Small business owners know how important these ideas are. Some ideas may sound ridiculously ambitious at first. However, when it is developed and presented, a lot of people may find it impressive and see its promise right away. On the other hand, there are some ideas that sound genius at first but may appear weak when presented to others. Sometimes, it is just a matter of developing an idea and a clear presentation. However, the real challenge is the execution of these ideas and the response that small business owners will get from the market.

Love your own

A small business owner will probably have a hard time selling a product or a service if they, themselves, do not feel confident about it. The trick is to put themselves in their customers’ shoes. If they were the customer, would they buy the product or service? What are the benefits of buying it? Will those benefits be reason enough for the cost that I will pay for it? Are there any other alternatives? What are the strong and weak points of this product or service? These are just some of the important questions that a small business owner can ask himself or herself. Once they find, in their unbiased opinion, that they are offering an excellent deal, then, it is time to pursue the idea. The effectiveness of this is apparent on some products discovered through a person’s needs. It is all a matter of thinking what the customer will get from the product or service over the profit that the small business will make.

Get on it

Sometimes, the thing that is holding back an idea from its success is the lack of action. An idea will remain an idea unless the small business owner acts on it. It will be best to give it a try, a test run of some sort, to see how the market will react to it. This is commonly done in food chains and food products wherein booths are put up to offer people free taste of their new product. Aside from getting other people’s opinion about the product, small business owners will also have an idea of whether it will be received favorably in the market or not. In case that the people like it, another plus is that there will be people who know how it tastes like and will surely spread the word about it aside from buying the product themselves. Information may also be spread using the small business office phone system or their virtual PBX.

Changes

There are ideas that may not be accepted for what it actually is. However, in some cases, it is all a matter of making minor modifications that can turn a drab idea to a completely genius one. This is one of the advantages of presenting a small business owner’s idea to another person or even to the public right before the idea’s execution. Also, after giving consideration to different factors that may affect the presentation of execution of the idea, some changes should be made. In other times, it is the timing that may be a bit off but when executed on another time, the idea may be a hit. The small business owner should not think of such hindrances at the time of brainstorming or the initial stages of the idea development though. They should have all the freedom in thinking. It will be at the latter part wherein some changes will be made to make the idea more palatable for the customers.
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Re: Small Business Ideas

Postby chikitta » 09 Jan 2017, 19:08

Very true I totally agree with you on this one. It's always good to take risks and also love what you do. Tgats the only way you will be able to succeed.
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Re: Small Business Ideas

Postby skysnap » 10 Jan 2017, 08:11

I think supporting local products and economy is very important. Though globalization has given us access to worldwide products, it's helpful to try local products. It helps us more eventually.
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