6 Strategies for Getting your Business from Idea to Reality

Any individual can come up with an idea for a business, but it requires a great deal of effort to execute the plan of action.

6 Strategies for Getting your Business from Idea to Reality | BEAMSTART News

- From our Sponsors -

Do you already have an idea for a business? Are you contemplating long and hard about doing something about it, but unclear of what to do next? Are you worried that you will fail while turning your idea into a full-blown business?

Any individual can come up with an idea for a business, but it requires a great deal of effort to execute the plan of action.

Related: Join Entrepreneurs and Investors at Entrepreneurs Retreat 2018    

If you ever have an idea that you intend to bring to life, here are 6 strategies you can apply:

1. Research and study the market

You don't want to pursue any market until you have a very clear concept of the competition, where you fit in, and the actions you'll need to make to become a significant player.

2. Design a business plan

Irrespective of your idea, schedule, or the amount of funds you intend on investing, it's essential to design a business plan that can offer proper guidance now and in the future.

Yes, it can take a while to design a business plan. And of course, this will pressure you to decide some key decisions about the future of your business. Nevertheless, you have to invest the time upfront to ensure that you can focussed in the long run.

3. Specify a budget

In an ideal world, you'd have the opportunity to get your company operating without needing to spend a penny. Although some opportunities are more costly than others, you need to expect to invest on some money upfront.

Aside from preparing a budget plan, consider other factors relating to your finances. Once you have a fixed budget in place, you'll find it much easier to carry out the appropriate financial moves as you take your business from concept to the reality.

Related: 6 Popular Reasons Your Start-up Will Fail

4. Get a mentor

It's quick to think that anyone really don't need any support in order to make it big, but you're cheating yourself.

It's crucial to get a mentor who can teach you the tricks of the trade, help you prevent unwanted circumstances, and set you on the right course to excellence.

It might take a while to identify someone you believe in, but you should continue your quest until you have the ideal mentor in your arsenal. This could go a long way in increasing the growth of your business.

5. Establish a start date

Without having a start date, you might end up facing one unneeded delay after the next.

If you really intend to take the major leap, you have to establish a start date and after that do everything it requires to achieve this particular target.

Related: Elon Musk: Real skills are more valuable than degrees

6. Delayed gratification

As motivated as you might be on getting your business from ideation stage to action, you have to develop some patience throughout the journey.

There will be moments when you should take a 3rd party approach for certain situations. There certainly will be moments when you have to change your method to make sure that you are on the right path.

So long as you are persistent, while still making progress, you can be positive that everything will turn out well eventually.


While it could be a demanding task to transform your concept into a fully-developed business, all these tips will go a hand-in-hand in encouraging you to achieve your objective.

So long as you make continuous progress, overtime, you'll gradually find yourself starting your business and eventually reaping the rewards.

Related: A new phone releases, and yours slows down. Coincidence?

- From our Sponsors -

Latest Jobs

Quality Assurance Lead



Full Time

Salary Undisclosed

Content Writer (Esports / Gaming)


Petaling Jaya, Malaysia


MYR 400 — MYR 600 monthly

News Editor

British Broadcasting Corporation

Hong Kong, Hong Kong (香港)

Full Time

Salary Undisclosed

Full Stack Developer - Financing Domain

OnDemand Agility


Full Time

SGD 4050 — SGD 4300 monthly

EA Personnel (Work Pass)

Trinity Employment


Full Time

SGD 2000 — SGD 3500 monthly

Senior Events Manager/ Director

Thomson Reuters

Singapore , Singapore

Full Time

USD 17000 — USD 25000 monthly

Digital Marketing Intern

Undrcut Digital Marketing



SGD 1000 — SGD 1500 monthly

Influencer Marketing Associate


Yogyakarta, Indonesia

Full Time

SGD 400 — SGD 1000 monthly

English Content Writer


Jakarta, Indonesia

Full Time

SGD 300 — SGD 600 monthly

Fund Accountant

Decacorn Capital


Full Time

SGD 2500 — SGD 5000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest news, events, and opportunities.


Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).