12 Mistakes To Avoid When Turning An Idea Into A Business

Post on 07-Aug-2015

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Transcript of 12 Mistakes To Avoid When Turning An Idea Into A Business

Introduction

It’s never been easier or cheaper to build new products and

services, but being a successful innovator, entrepreneur or

intrapreneur is still incredibly tough. In this post, I share a list

of mistakes you should avoid when turning an idea into a new

business. I encourage you to share more examples in the

comments below. Let’s take a look.

1. You search for the perfect idea

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

2. You mistake your hallucination for a vision

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

3. You fall in love with your first idea

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

4. You focus on product & technologies at the expense of a business model

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

5. You lack a clear business model story

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

6. Your obsess over competitors, not customers

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

7. You first focus on 'can it be built' instead of 'should it be built'

If your takes a extra care about the technical challenges and beautifully-

designed products without questioning if this product will create a

substantial customer value then you’ll risk wasting energy, money and time

on your featured products which the market segment does not care about.

It is common sense, but it’s definitely not common practice.Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

8. You build what customers say they want

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

9. Your early experiments are expensive

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

10. You outsource the testing of your ideas

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

11. Bad timing

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

12. Poor Execution

Source : http://blog.strategyzer.com/posts/2015/6/25/12-mistakes-to-avoid-when-turning-an-idea-into-a-business

There are few companies which helps you to turn your idea

into a business there by you can avoid mistakes. Agriya is one

such company which is well versed in web development and

clone script development.

Who is Agriya?

Agriya is a pioneer in Clone scripts and web development. We have built more than 300 websites. We give end to end solution for building a website, from the designing to coding we take care of it. Our services extend from online business to mobile application business as well. We have developed fantastic products like

Getlancer Platform

Crowdfunding Platform

Etsy Clone

Contest Software Thumbtack Clone Booking and rental software

Groupon Clone Fiverr clone Airbnb Clone

Who is Agriya?