{"id":314,"date":"2022-12-16T08:46:53","date_gmt":"2022-12-16T16:46:53","guid":{"rendered":"http:\/\/sandcpitbiz.com\/wp\/?p=314"},"modified":"2022-12-16T13:23:21","modified_gmt":"2022-12-16T21:23:21","slug":"become-a-successful-digital-entrepreneur-session-3-idea-concept-plan","status":"publish","type":"post","link":"https:\/\/sandcpitbiz.com\/wp\/?p=314","title":{"rendered":"Become A Successful Digital Entrepreneur – Session 3 (Idea, Concept & Plan)"},"content":{"rendered":"\n
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Avoid These Disappointments! Have A Plan!<\/h2>\n\n\n\n
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An estimated 90% of new startups fail.<\/strong><\/p>\n<\/div>\n\n\n\n

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34% of startup<\/strong>s close within their first two years. Just over 50% of businesses<\/strong> make it to their fifth year. Only 25% of businesses<\/strong> make it to the 15-year mark.Feb 25, 2021<\/p>\n\n\n\n

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Having a good business idea when starting to consider what business to be in is a crucial aspect of setting the stage for success.<\/p>\n<\/div>\n\n\n\n

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The phrase \u201cforge successful pathways within the digital sphere\u201d is a key to what we are talking about in this article. It should be noted that starting a business is a very specific goal but highly general in stating as much. The best way is to speak of starting a particular type of business. This creates the aura of becoming detail oriented. Being or becoming detailed oriented is quintessential to success as a marketer. Why? Because the details are what set you apart and distinguish you, letting you stand out and get noticed.<\/p>\n<\/div>\n\n\n\n

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There are important assessments and evaluations that you need to complete for startup of your new business.<\/p>\n<\/div>\n\n\n\n

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First, you need a valid business idea. This idea will be the basis of what you do going forward in deciding and planning your business.<\/p>\n<\/div>\n\n\n\n

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One of the best ways to achieve your goal is through visualization of your business ideas. \u00a0Creating a business \u201cidea\u201d, in writing, is not the same as creating a business \u201cplan\u201d. A business \u201cidea\u201d, in writing, is a brainstorming exercise designed to help you figure out your business Idea. A business plan helps you construct a formal business format. Your business idea is your concept and content. Your business plan is your blueprint<\/p>\n\n\n\n

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It is important to determine the idea as being doable. Is it the right business for you? Does it have profit and growth potential? What are your short, intermediate and future outlooks within the industry? In other words, a business idea must determine important information that helps you decide whether it is a good idea to start that business. So, we do not want to confuse the business idea concept with the planning of your business.<\/p>\n<\/div>\n\n\n\n

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For your business idea to validate your business plan it is important to understand the measure of the business idea exercise.<\/p>\n<\/div>\n\n\n\n

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What is your business idea?<\/em><\/strong><\/p>\n\n\n\n

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Are you qualified to create and operate the business?<\/em><\/strong><\/p>\n\n\n\n

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How much will it cost to start your business?<\/em><\/strong><\/p>\n\n\n\n

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How much can you afford to invest?<\/em><\/strong><\/p>\n\n\n\n

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Do you have resources or sources of financing?<\/em><\/strong><\/p>\n\n\n\n

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Where will your location be?<\/em><\/strong><\/p>\n\n\n\n

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What are the market and traffic analyses?<\/em><\/strong><\/p>\n\n\n\n

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Who are your competitors?<\/em><\/strong><\/p>\n\n\n\n

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What is the outlook for that business type in that location?<\/em><\/strong><\/p>\n\n\n\n

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Will you need to construct or remodel a physical location?<\/em><\/strong><\/p>\n\n\n\n

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Is your business capable of being ran out of a Home Office?<\/em><\/strong><\/p>\n\n\n\n

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Have you determined the legal requirements, licenses, permits, etc. in your local area.?<\/em><\/strong> \u2026<\/p>\n\n\n\n

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AND, that is a simple beginning. The details and requirements become more challenging\u2026 until you reach that point that you become acclimated and seasoned to the tasks that make up your business.<\/p>\n<\/div>\n\n\n\n

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Pittman\u2019s Business Systems Digital Entrepreneur provides guidance, insights, study and reference resources that Help You identify and create your business idea.<\/strong><\/p>\n\n\n\n

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We Can Help! <\/h2>\n\n\n\n

Message Now!<\/h2>\n<\/div>\n\n\n\n
Submit a form.<\/a><\/div><\/div>\n\n\n\n
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Consider the following summary entrepreneur guidelines:<\/strong><\/h2>\n\n\n\n
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1. IDENTIFY YOUR LIFE PURPOSE AND PASSIONS <\/strong><\/h3>\n<\/div>\n\n\n\n
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Your life as an entrepreneur will be complex. If you are not doing what you love, you may quit at some point. Like most entrepreneurs, you will encounter challenges as you start your business. Picking a business idea you are passionate about also helps you\u00a0with other entrepreneurs who are passionate about their products, services and customers. If you cannot share the same level of passion, you will not achieve a digital entrepreneur network or referrals. Finally, to have fun in your venture and enjoy the life you dream, simply choose a business you love! Doing what you love and profiting in the process is\u00a0 getting paid for engaging in your passion. Commit to your vocation and grow. If money is not at the rendezvous, still be able to say that you are doing what you love. You will have very few regrets, if any at all.<\/p>\n\n\n\n

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2. LEVERAGE YOUR TALENTS, SKILLS AND KNOWLEDGE <\/strong><\/h3>\n<\/div>\n\n\n\n
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The easier your business is to enter into, the more competition you are likely to face. This is why becoming an expert at something matters so much. How about becoming exceptionally good at what you do? Becoming unique, or developing an exceptional level of talent at anything at all puts you ahead of the pack. Your expertise will give you the most fundamental advantage. If your expertise requires a lot of time, experience, effort and financial investment to build up, then it becomes the ultimate barrier to entry and it will be difficult for others to copy you. Being good at something is not enough. Real success comes only when you are recognized as an expert in your trade or vocation. When that happens, people will start to refer customers to you and you will be able to convert prospective customers much more easily.<\/p>\n\n\n\n

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3. IDENTIFY REAL CUSTOMER PROBLEMS WORTH SOLVING <\/strong><\/h3>\n<\/div>\n\n\n\n
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Problems offer business potential for those who are willing to provide solutions. Rather than trying to hunt down a hot product to sell, you\u2019ll be much better off looking for a market with a common problem that people are trying to solve. A business with a strong business model typically enjoys a big market with customers that are willing to pay for the solution to their problem, moderate to low competition and high profit margins.<\/p>\n\n\n\n

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Newbie or Pro<\/em><\/strong> <\/strong><\/p>\n<\/div>\n\n\n\n

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PBS Digital Entrepreneur<\/em><\/strong><\/p>\n<\/div>\n\n\n\n

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Is The Best Way To Go!!<\/em><\/strong><\/p>\n<\/div>\n\n\n\n

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When Is The Best Time To Start A Business?<\/p>\n\n\n\n

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Photo by Stas Knop on Pexels.com<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n\n
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     RIGHT NOW!<\/p>\n<\/div>\n\n\n\n

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This is your moment in history!  That is clearly revealed within the emerging opportunities for entrepreneurs and business owners in the digital marketing industry. The outreach of digital marketing is rapidly converting consumer retail markets to online presence. <\/p>\n\n\n\n

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