Being an entrepreneur isn’t just about having great ideas. It’s about turning your idea into a viable business model. Take a breath and think it through, be as critical as you can as it will help you foresee any issues before they are sprung on you. Once you have that lightbulb moment and the adrenaline hits that this could be big, it’s the decisions you make from there that decide your success.
Securing finance can be daunting, but if you are passionate about your business and can draw up an all-important business proposal, you should already be ahead of the game. You need to show investors that your idea can and will make money. Show that you know the limitations or where you may face difficulty and how you plan to overcome it. Research the current market you will be entering or the markets that will encompass your product to get a real feel for where your business fits in.