I came across a Grade 8 student who produced a solar air heater using basic materials. The solar air heater will be presented at a science and technology competition in 2015. Something like this solar air heater is a project that more students at schools should be looking at because it teaches them about solutions for the environment, technology as well as starts to build basic entrepreneurial thinking. Continue reading “How do you turn a promising business idea into something tangible that will provide a source of income?”
Do you have the ability and experience in generating new business ideas?
A professor who teaches on a Masters of Commercialisation and Entrepreneurship program recently said that our ability and experience in being able to generate ideas is not in question but felt that there was general inexperience in applying the tools for innovation to transform these ideas into something more tangible.
While I agree with the part about inexperience in commercialisation of business ideas, I question his assertion that our ability and experience in being able to generate ideas can be almost taken as a given. Yes, I think anyone, almost anyone, with the will to succeed can use their creative imagination, observation, listening skills and personal brainstorming to come up with a promising business idea. But how often does this happen? Is it really so easy? Continue reading “Do you have the ability and experience in generating new business ideas?”
How can you develop a roadmap to turn your idea into a product or service that customers will buy?
Pencast: “How to turn your ideas into profit”
The simple four-step system that transforms your new product or service idea into an income generator
Click the beginning of the pencast (on the image) above to listen and view.
Coming up with new ideas for products and services can be the biggest challenge for some start-ups and small business owners. Others find the idea-generation process exciting and fall in love with their ideas.
Identifying which business ideas have real commercial potential is one of the most difficult challenges that would be entrepreneurs and even experienced small business owners face.
Some entrepreneurs, product developers and creative people love creating products. But they can easily fall into the trap of not performing essential commercial tasks such as marketing and selling without which they won’t have customers. Continue reading “How can you develop a roadmap to turn your idea into a product or service that customers will buy?”
