Perhaps the most difficult thing in business is the idea. To develop production, you need to have a clear idea of what you are going to produce. You can start organizing the process only after a thorough marketing research and market assessment - is there a place for your product?
It is necessary
Idea. Business plan. Patience
Instructions
Step 1
The best thing is to enter the market with a fresh idea that no one has suggested before. In this case, there is a much better chance of success. But you can also try to improve an existing product, i.e. sell it cheaper than competitors, or make it better. The following questions will help you in choosing an idea for a business: do you have any skills that can become the basis for a future business? Do you know of unfilled market niches that have no competitors? Do you have any ideas on how to solve the problems of the state or large companies?
Step 2
Make a plan for the development of production, the main points of which may be: design (turning an abstract idea into a concrete product), prototyping (creating a trial version), protection of rights (if you invented something? Patent), financing, organizational issues (how many employees will you need where to locate production, etc.), marketing (think about how to organize the sale of your product or service).
Step 3
Perhaps the next most difficult problem after the idea is developed is funding. Money for the development of production can be asked from the state, large companies, venture and innovation funds, various funds to support startups. You can also take out a bank loan or mortgage property. In all cases (except the last one), you will need a business plan for your production - no one will provide funds for nothing. Your business plan should include the following points: goals, idea, marketing plan, what you will spend a loan or investment for, how your business may be of interest to an investor or lender, how you are going to return the funds borrowed.
Step 4
Discuss your idea with professionals, but be careful - if you are afraid that the idea will be stolen, it is better to keep it only in your head. The way out in this situation may be the conclusion of an agreement on non-disclosure of confidential information.
Step 5
Test the market. Even the most seemingly profitable idea must be tested. To do this, you can arrange a survey of the target audience, as well as create a demo (trial) version of the product. A prototype is created to assess the requirements for the product, the timing of its implementation and the problems that arise. You need to test a product or service not only before starting production, but also in the process - so you can timely respond to the needs of consumers and the shortcomings of your products.
