Checklist: how to turn ideas into reality

Do you finally want to implement your business ideas? The required effort may seem a little daunting at first. To help you out, we have prepared a list of points to consider when implementing your ideas:

Status

Did you get honest feedback on the idea from a trusted person?

If you encountered criticism, did you refine your idea and improve critical points?

Have you considered your future market environment?

Do you know how you differ from existing competitors?

Have there been companies that have failed with the same idea, and what can you learn from their experiences so that you don't repeat their mistakes?

Considering the results of your market research, is the implementation of your idea still realistic and feasible?

Have you developed a business plan?

Did you introduce a prototype into the market to gauge the opinion of the potential target group?

Have you informed yourself about the different ways of raising capital and decided on a financing model?

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