– A 1st Time Enterpreneurs Course
From Blasho.com Blog 7/13 enhanced by Peter/CXO Wiz4biz
Welcome to the 1st Time Entrepreneur’s course “Steps to Start an Online Business. As we got more and more queries or help towards online business start up, I saw an interest to start this short course especially for 1st Time Entrepreneurs. And this course is an outcome of the great effort by the author of the Blog – who works in dedication for the growth of this blog (to help more readers). If you are a beginner to Online Business, this course helps you to understand the basics of Online business and guides you to start your own. So take deep breath and get ready to take this Educational Ride.
Lesson #1. Define yur Ideas & plan for your Biz
You know without an Idea or a Concept, you can’t start anything in this world,? The same principle applies here. Defining your ideas is the foremost step to start your Online business. In fact, every successful business starts with a small idea. Your wish to become your own boss needs to implement your ideas and that should be more creative in nature. Because you may find more competition in the business and your creativity should take over all the business competition.
Where do you get the Ideas? Ideally, you should start with an Idea that should be the “best approach” to whatever you want to do. You could find out from what you are “passionate” about and have new ideas on how to solve one of the problems in this area or provide additional capability. You may have a crazy idea today, that may take you to next level of growth tomorrow. So don’t even stop thinking, stop creating. You have to constantly look for new ideas to keep your Product or Service fresh. Once you have an idea, it all depends on how well you are bringing the business to the market. In fact, you have to find & analyze the market for your idea and determine the possibility of implementing that business idea.
Capture your New Business Ideas.
You don’t know the outer limits of your ideas. You could get a nice idea while having a meal, walking or even working for another company. So always keep something with you and just capture the fleeting idea. It may not come back again. Keeping this habit may help you to figure out various topics that you are more passionate about. Eventually, you should pick out the best from all those wild ideas. What criteria are you going to use? Usually, it’s easier to start with the simpler idea, so you can implement it quickly and get experience running a business, but sometimes those Big Hairy Audacious one will eventually have the biggest payoff and be most satisfying. Which one uses your best Talents?
Transforming your Ideas into a Strategic then Business Plan.
Now you have bunch of ideas and figured out the one that you are more passionate. You mind tells you: “Go ahead and start it”. That means you are in the right phase to transform your idea into a Strategic Plan – which is nothing but the set of actions or activities that implements your idea. So your next step is listing down all the activities to start and run your Online Business. A plan gives you the rationale and intention to take the right actions. In addition to that, you have to identify the following factors.
· How far your idea is unique ?
· Are you taking a product based business ?
· Are you providing a service based business ?
· or Just a information portal or a guide ?
· More important: 1) How much time you could spend per day? 2) How much is the budget and financial limits ?
The success of Online Business depends on unique ideas and how well you plan your activities. So don’t wait, start looking for more and more ideas, one day you will be in a position to take start & soar & roar !!!
( Lesson 2. “What’s really Involved in running an Online Business? in Premium Content )