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1Sep/170

Developing New Ideas for Success

Everyone feels great when they come up with a fresh, new idea. However, with so many products and services currently out there, it can be hard to compete. So, you have a wonderful idea. How do you know if there’s a market for it?

Uniqueness is key. People flock to new ideas like bees to heavily-pollenated flowers. It’s all about being different, whether creating something brand-new or capitalizing on the improvement of an existing idea. The problem is, not every concept will appeal to every person, so it’s important to hold off on promotion and advertising until some heavy-duty research has been completed.

1Mar/170

From Business Plan to Future Plan

businessplanIf you lead your own venture, there’s a good chance you invested hours upon hours in a meticulously-written business plan. In fact, many experts consider a business plan to be the backbone of success, but how many entrepreneurs actually refer back to the plan as they progress to new stages? Not surprisingly, many new business owners create a business plan merely as a way of attracting investors, or to fulfill financing and loan requirements.

While it’s nice to take time to set goals for your business before the ball starts rolling, formal planning is not all it’s cracked up to be. More important than the thick plan you may now use as a paperweight are your actual plans. Where do you see your business going?