The right way to start your own business is to find a promising idea. A good idea is a guarantee of successful business. Most businesses go bust in the first year for the very reason that they are based on either no idea at all, or the idea has no prospects. 80% of success depends on the idea, and another 20% depends on how and by what algorithm it is implemented.
Analysis of the most expensive companies in the world shows that each of them was based on a promising idea on the strart. In turn, the analysis of failed startups shows that they were based on an idea that initially had no prospects. All this suggests that you should not take up the first idea that comes along and start a business based on it.
If you want the beginning of your own business not to be the end of it at the same time, you should carefully consider the idea that will form the basis of it. It is necessary to conduct an analysis that will help you understand whether the idea is promising enough. Only if the analysis shows that the idea has very good prospects, it is worth implementing it.
The perfect start of your own business
Business is essentially the materialization of an idea. If the idea materializes correctly, then the business is successful and makes money. When an idea materializes incorrectly, then the business does not bring success and pulls out all the money. The more incorrect the materialization algorithm is applied, the faster and more money is drawn out by the business.
The materialization of an idea leads to the creation of money. This means that the right business always creates money. If the business only draws money, then it is wrong and it needs to be rebuilt. You can even say that if the business is created correctly, then it will bring money with a 100% guarantee, and not spend and draw it out.
The main problem of many business start-UPS is that they confuse thoughts and ideas. An idea is an entity that is formed in the world of ideas, is embedded in people, develops in them, and then motivates them to implement it. Thought is a product of the human brain. In fact, a thought is a reflection of an idea embedded in a person from his consciousness.
Effective start of your own business
Many people start a business not with an idea, but with a thought, thinking that they start with an idea. Starting your own business not with an idea, but with a thought – this is always a guarantee that a large number of problems will be received. This is due to the fact that the materialization of thoughts does not lead to the creation of money, but only to their eating and as a result to the ruin of the business.
A business built on thought cannot create money. Money is created in the process of translating an idea that is embedded in the business. The idea is translated, embedded in people, turns them into customers. Clients want to implement the idea and pay money for it. Translation of thoughts can only create like-minded people, who are of little use.
Like-minded people can support morally, but they will not buy goods or services, because they do not have the necessary idea embedded in them and they do not need them in principle. Products and services are only needed by people who have the right idea embedded in them. They are a way to implement this idea. Without goods and services, the idea cannot be realized, and therefore they are bought.
How to start from scratch
Starting your own business with an idea allows you to build a real business, not a Chimera. The advantages of such a start-up are that money is practically not needed at such a start-up of the business.
They’ll give you more than you can carry. We need completely different resources, and the main one is the ability to develop the idea correctly and find new ways to develop the business.
There is a lot of free money in the world and all of it is lying idle. Millions of investors will be very happy to invest in a business based on a promising idea. Billions of us dollars are invested in those who know what the right way to start their own business is. If we talk about real examples, one of the most striking is Elon Musk.
There are few people who know what the right way to start their own business is and this is a big problem for investors. They search for such people day and night. Anyone who comes up with a promising idea can expect billions of us dollars in investment. The more promising an idea is proposed, the more money will be received from investors.