Monday, February 24, 2014

From Start to Finish: Turning Your Idea into a Successful Business



Have you ever had an idea that you thought could make money? Was it an idea that you thought could be great, only if you had enough resources, a plan, or even partners? What did you do with that idea? Did you run with it, go forth into developing it, or did you just let it stay an idea because the risk was too high?

Let’s get real. I am an entrepreneur.  I have discovered not everyone is cut out to be an entrepreneur. It involves a lot of work, especially in taking an idea from start to finish. For those who can rise to the challenge, there can be really great rewards in the end. 

My partner and I have built a successful brand that started from an idea we both realized we had while talking. We ran with our instinct, jumped into building our business, and it has been rewarding ever since. Has it been easy? No, it hasn't, but if you are really committed to taking your idea from start to finish, you will not regret it.

Commitment is what you will need if you are serious about becoming an entrepreneur and if you do not have it, you will need to develop it. If you have it, you will need to strengthen it daily. Commitment is what keeps you grounded when fear and obstacles present themselves, commitment is necessary for turning your idea into a successful product or business.

Having an idea is great but one of the most important things for you to do if you want to develop that idea is figure out if you want to work alone, or if you need help. There may be someone who has the same idea, and like my scenario, could eventually become a great business partner. In understanding all these things you need to create a personal plan, and see what works best for you. Next, take that personal plan further and develop it into a business plan.  The business plan is the guideline that keeps your business afloat. It takes in account all things needed for the business including the mission, vision, and finances. There are many resources online and offline that can show you how to develop a business plan. The U.S. Small Business Administration is a great place to start.

After you create your business plan, the next step is to run with the idea from start to finish. It will involve a lot of risks, but you have to take that first step. Having support along the way is always beneficial so don't be afraid to reach out to you family, friends and colleagues for help. 

In the end, know that any idea is worth the challenge, but it all depends on if the challenge is worth it to you. So, is it?

Written By: Sylvia Davenport

Currently working as Public Ally for the State of Delaware , Sylvia also serves as community service chair on the board of the Metropolitan Wilmington Urban League Young Professionals Organization. She is heavily involved in community service, serving also a Big Sister in the Big Brothers Big Sisters Program of Delaware, and as a mentor to youth/teens as well. She is also an entrepreneur, co owning SylCay Unlimited which is an upcoming fashion brand specializing in fashion styling and chic boutique items. Follow her on Instagram to learn more about her business! @WomanWithPurpose88

Interested in contributing? Email us at TheRisingPro2014@gmail.com!

1 comment:

  1. Thank you much for the inspiring info about the challenges and resolve of starting and maintaining a new business. Thank you, Sylvia!

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