How to develop new ideas for your business ?

How to develop new ideas for your business ?


 

An Idea is the seed of everything, as we are living in a not only in the technology world. But we are in the worth of ideas like Artificial Intelligence, Virtual Assistant, Robotics and finally we are here with Automation now.

Everyone needs an idea is the reason to start their business or just startup. However, Idea is a Psychological one and it's a mental representation consists of different objects. An Idea is also derived from the dreams you had. Still, a person finds a stage that how i have to develop these ideas for the business. Let's see how it comes here.

 

Developing of New Ideas:

Take a Shower bath and be ready with a note book

Write down your ideas (Not only Business) whatever you feel or think or like. You should take time to note your ideas and a crucial one.

Take a Screening process with Macro and Micro scenario. One needs to check their new ideas with macro and micro elements, so that you may need for the raw materials, labor, technical skills or funds for your business startup

Also one should have to lookout for the opportunities like Govt. Subsidy or Support, Environmental, Personal Preference.

Compare both the macro and micro, then you can select the best one.

Analyze your ideas and persona with the business on SWOT (Strength-Weak-Opportunity-Threat).

 

 
An Idea can bring you the business as smart, but execution is the key for successful business.

 

 

Kindly Share your views / comments with a smile :)

 

www.varthagamadurai.com

 

 

 

 

 

 

 

Comments

Post a Comment

Popular posts from this blog

What's your Earning - A Personal Cash Flow Meter

Image
What's your Earning  - A Personal Cash Flow Meter Earning money, isn't an easy one ? Absolutely, Earning money is an easy one, but it's hard to keep (grow) it. I mean that the Jobs and Earning money are easy on these techie days. Somebody have the value on their Dignity, Prosper and many of us have, earning more (Money) is a big value. Still, few one can make easy and more of them think that, it's hard to earn. Everyone of us, feeling that the rich one have more money and other's can't. But is it a right away to tell ? Not always, many of us hurting their health to make wealth (Money). Even Apple's Steve Jobs had earned a lot and respect too, but the health was not support for him. I am not telling you that, you have to earn more to be Rich (or) Financially Independent . The think is, how you utilize the earnings and to grow, while you have a little money or No job. What you have Earned ? As an individual, he earns  ₹  1,00,000 /- salary per month and spend...
Read more

Infosys reported a net profit of Rs.5,945 Crore in Q1FY24 - Quarterly Results

Image
 Infosys reported a net profit of Rs.5,945 Crore in Q1FY24 - Quarterly Results   Infosys Limited - India's second largest IT Company after TCS, recently reported it's first quarterly results for the Financial year 2023-24. In the said April - June quarter, the company's revenue was Rs.37,933 Crore and the expenditure is said to be Rs.28,869 Crore as well. The Operating Profit were stood at Rs.9,064 Crore and the Operating Profit Margin(OPM) of 24 Percent in the First quarter of FY2024. It is noteworthy that the average of Quarterly OPM's are above 24 Percent for Infosys Limited. As other income, the company earned Rs.561 Crore in the June Q1 results.   Profit Before Tax(PBT) were stood at Rs.8,362 Crore and the bottom line which was the Net Profit is said to be Rs.5,945 Crore. As compared to the previous year's June quarter 2022-23, the current revenue has grown by 10 Percent and the Net Profit has also grown by 11 Percent. In the Past, the EPS was stood at Rs.12.74...
Read more

10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights

Image
10 Years of TATA Motors Ltd - Financial Statement - Fundamental Insights   Tata Motors Limited is a leading global automobile manufacturer and India's second largest company in Automotive segment next to Maruti Suzuki. It is the part of Tata Group, an Indian multi-national conglomerate which provides its products and services on Buses, Cars, Defense Vehicles, Sports utility vehicles, Trucks and other related automotive in it's segment. It is noteworthy that Tata Motors bought the famous and iconic brands Jaguar and Land Rover in the year 2008, from the Ford Company. Tata Motors is the leading player in the Commercial vehicle segment with a market share of around 45 Percent as per the FY2022. It is also said to be a Market leader in the EV segment with a market share of around 87 Percent in the year FY22 in India. The company's last dividend was declared in the year 2016 for the Financial year 2015-16 with an amount of Rs. 0.20 per Share. Tata Motors Ltd is trading in the In...
Read more