Many people think that the idea is everything, but its value is directly proportional with what is put into practice. In reality, not the idea of business is the one which has value, but how it is put into practice.Most of the ideas are not new anymore. There are very few things that remained not invented. It is also important to see how we can reinvent a business, how to improve what already exists. At the expense of profit, it is recommended to plan a business with a cash flow projection, because a business has much chances of survival as long as it has the cash.
I agree with Kinga on the fact that it is very difficult to come with a new and different idea on today's market, it's not impossible, but it's just very hard. In my opinion the key to success is to reinvent or to come up with a better version of something that already is on the market, this way you know a little bit with what you might encounter in the future regarding your business.
Clau,you can reply directly to Kinga's message. Actually I'd love to see you communicating with one another and not just responding to my initial post.Just an idea for the future comments!
From these three stories we can learn a very interesting thing about what really means business. As we saw in every story, the changes save the business. If a business maintains its line of products, its gain will decrease, because appears the saturation. So if you want as your business to go on the right way you should bring changes always. Unfortunately, I don’t know a story as special as these.
I leaened from there success stories that you can start a business from pleasure to do someting or just for the heck of doing something good for someone. I think it's more fun to open your dreams, your desires and pleasure. Is the most important. This is my opinion!
Do you have such a dream, Alexandra?
yes,of course I have some dreams, but first I need to learn and to fight in this world and after that I can make it!
Some people say that knowledge is everything and these stories may be based on this idea because the examples from above talk about how a man can create something with his intelligence. However sometimes we need more than an idea to make our dreams come true. At the same time the stories show us that we need to fight for our desires, to take the courage to try because a good idea should never be lost. Unfortunately I do not know another similar examples so my response will be incomplete.
None of them had an innovating ideea, they just had the ability to change, the courage to start over, or the insight to customize a common service. I have an acquaintance that started with selling second hand PC's, when this bussines saturated, he allready had enough money to start a workshop for thermo windows. This was in the period when everybody gone crazy for thermo windows, so he had quite a grow. In present time he has an automatic line where it produces paper cups, also he installs automatic lines for beverage packaging (like the one for milk). Everybody said he has no personality for jumping from business to business, but the fact is that he's still on his own, with milions of euro investments.
You don't have to be very innovative to be successful in a business. You only have to provide your costumers or target something they need and can't really get from other places. It doesn't matter if you do paperwork or actually produce something, you just have to be creative and never stop believing you are the best, and you can!
What do you mean by "costumers" Emese?
If you want to create your success story, first you have to have your dream, an idea and the will to make it real. But this is not enough: you have to “take the pulse” of the society ( what is the demand for that good or service you want to provide ) and of the market you want to develop your business ( you have to check your competition). Another important issue when creating your own success story is the power to reinvent yourself – the times change, the people and the demands are evolving and if you just stick to the past you will not taste the long-term success.
I agree, the dream is most important. Someone said that if you have a dream you already have half of the business. Do you have a dream?
Yes, I have one but not in business or I could call it a wish.