In this era of entrepreneurship, a large number of business ideas arise, but very few come to life.
Diego More, the food entrepreneur responsible for Central de Alimentos, suggested nine practical steps to realize an entrepreneurial idea and make it sustainable over time.
Identify a Need
An entrepreneur is always ready to identify the unmet needs of people. Therefore, it is about determining whether the market needs a viable product or service to produce or lead.
Know Your Audience
Once the business idea has been identified, the market and potential competition should be studied, a comparison of products or services, similar or substitute, made and judged on their quality and price.
This information allows us to make the best decisions when developing our service and/or product, as at best it will help us earn more with the least effort.
Identify Your Tools
Let’s identify the tools that speed up and make the use of resources more efficient in developing our idea. From business generation, selection of inputs or processes, identification of tax conditions, third-party service.
Think About a Dedicated Sales Approach
Do not lose sight of the quality of our service and/or product; however, continue to grow. In addition, outsource the production work of the product or arrange for a suitable team or personnel who can deliver the service you provide with the highest quality.
The entrepreneur must generate visits to potential customers for the sole purpose of dedicating everything to sales.
Once we have fully completed the other points, it is time to take the risk and execute the plan as planned. Keep in mind that doing business means taking a lot of risks, solving problems, and dealing with situations that you often have no previous experience with. However, if you are passionate about what you do, it will all give you more strength to move on.
Build a Talented Team
Create a good work team that is also aligned with your goals and passionate about the industry you operate in. Likewise, it is important to maintain good relationships with your work team, with your suppliers, and with your customers. In this way, you form a vicious circle that will quickly grow your business idea.
Don’t Be Afraid To Fail
How hard can it be to start over? Remember that losing the fear of failure is not the same as thinking we are going to fail. Let’s do business by preparing for the worst, but hoping for the best results.
Perseverance Above All
The key is perseverance and responsibility. It’s about trusting the plan and the ability to follow it until you reach the goal.