SarawakYES!

  • Home
  • Career Advice
  • Education
  • Entrepreneurship
  • Digital Economy
✕

Got an Idea? 7 Ways to Turn your Idea into a Business Reality

Career Advice

Got an Idea?  7 Ways to Turn your Idea into a Business Reality

sarawakyes.com June 5, 2015

A guest blog from StartupMalaysia.org

Everyone has an idea. It can pop up while singing in the shower or discovering you can’t catch a cab (a-ha—MyTeksi!). However, turning these ideas into tangible products is a completely different story. It is a marathon, not a sprint. Get started before someone creates your idea for you:

Find Your Unique Selling Point

Take the time to do your research. Is your product already on the market? Who are your competitors? How will you differentiate your idea from theirs? Keep it simple but exceptional.

Know Your IP!

IP stands for intellectual property and you need to bring it to your radar IMMEDIATELY. This asset can protect your idea from theft and propel your income. Surprise! IP is for everyone—not just the super techy.

Embrace Risk and Be Patient

Running into bumps is normal. Be open to the hit and make adjustments. Appreciate the journey— You’ll learn a great deal about your product, customers, and team. If you start getting anxious you’ll make bad decisions.

Connect with Global Minds

Don’t give up. You never know when the messiness will turn around. Invest in yourself by attending talks or joining a conference. You’ll gain deeper insights, stimulate your thinking and expand your network.

Start Local

Turns out the Silicon Valley model doesn’t always work. Don’t stretch yourself and your team if you are not ready. Malaysia has many resources to get you going. Start local—succeed, then go global.

Kaizen

Kaizen is the Japanese practice for continuous improvement. Find ways to expand or make your idea better. Never grow complacent.

Make Work/Life Balance a Priority

Even if you are the most hardworking individual, without balance eventually you and your team will burn out. Balance provides perspective, focus and will keep you all at the top of your game.

 

Don’t know where to begin? Try checking out the Global IP Valuation Conference 2015 happening next week in Kuala Lumpur on June 8-10th. Learn about how you can protect and commercialize your idea from over 50 amazing international guest speakers! For more information and to register visit: www.gipvc2015.com

Interested in StartupMalaysia? Learn more about us at www.startupmalaysia.org/

 

Author: sarawakyes.com

Previous Article

Guiding young Sarawakians on the right career path

Next Article

Dream Jobs: Passion or Pay?

Latest Posts

The Nature of Employment in Tourism

The Nature of Employment in Tourism

Creating a Career Development Plan

Creating a Career Development Plan

The Advantages and Challenges of Self-Employed Youth

The Advantages and Challenges of Self-Employed Youth

Categories

  • Career Advice
  • Day in the Life
  • Digital Economy
  • Education
  • Entrepreneurship
  • Newspaper Column
  • Resume and Cover Letter Advice
  • Sarawak Jobs
  • SarawakYES! News

About SarawakYES!

SarawakYES! is an initiative aiming to build a better future for all Sarawakians.

At SarawakYES! we want to help Sarawakians discover opportunities to pursue their dreams and achieve their goals.

An important part of this is providing them access to great education, which will allow them to start building careers and lives that are rewarding and enriching.

Through our blog and social media channels, we offer practical and useful information to help guide people on their journey towards attaining academic and career success.

Archives

Tags

Bintulu Borneo business career career development career path career planning careers digital economy digital entrepreneurship digital technology education employability employment engineering entrepreneur entrepreneurship job job application job search Kuching Malaysia Miri online entrepreneurship personal personal development personal management productivity Sarawak Sibu skills social media soft skills study technical education technical training technology tips TVET university vocational education work work experience workplace youth entrepreneurship
Arba WordPress Theme by XstreamThemes.