Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Five Steps to Zero in on That Perfect Business Idea

Five Steps to Zero in on That Perfect Business Idea

Choose the Product/Service

The first step to choosing the product or service your business wants to offer is to analyse market needs. Great ideas for businesses come from recognizing the market gaps and consumer demands. Knowing what the customers are looking for is a great way to find your business idea. But you must also make sure that the product or service you are creating is in perfect sync with your sensibilities, preferences and abilities.

Do Something You Really Like

Following your passion is the most common advice you will receive before starting a business. But our passions do not always translate into a full-fledged professional idea. A business comes with many additional works that need to be carried out simultaneously that may not be preferable to you. The best way therefore is to target something that you really like doing and will be happy to carry out on a daily basis. More than passion, this factor will ensure more success to your business plans.

Create a Business with Potential

Can you be the big fish? Can you swim across from the pond to the ocean? Yes, all businesses start with the idea of wanting to be the big player in the game. You might be sure of ruling your targeted market, but you must also need to fit into the larger industry in the long run. If required start you model with a small targeted group, but make sure that it is capable of flourishing in a larger market in the future.

Prepare Unique Lead Generation Factors

Your unique business ideas need to succeed at an approximately constant rate. Even in the earliest stage of your business, you need to ensure appropriate lead or sales generation. Look for unconventional ways to lay out your business plan to your consumers. Alternatively you can also think of employing or associating with a key differentiator in the market you are targeting.

Create a Business You Can Sell

Your business must be capable of becoming a valuable asset in the long run.  You business should not be potentially valuable only in terms of the revenues you have garnered but also in terms of being an asset in the industry you are targeting. Your product(s) and/or services must be vied for in the market and should be unique enough to be an asset. Also make sure that your business is an intellectual property in your name and not something copied.

Five Steps to Zero in on That Perfect Business Idea



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