6 Signs Your Business Idea Is Ready for Financing

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6 Signs Your Business Idea Is Ready for Financing

• Opportunities for All

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Table of Contents

• 6 Signs Your Business Idea Is Ready for Financing
• The People
• The Idea
• The resources
• Originality
• Design and Methodology
• Conclusion

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6 Signs Your Business Idea Is Ready for Financing

• At the core, a business idea is a solution that
  can solve a challenging problem. For an
  entrepreneur to take this up and venture into
  something new, it takes time, dedication,
  revenue, and resources.
• Therefore, before making such ardent investments,
  it is of utmost importance that the field is
  studied and thoroughly researched to avoid
  blunders.
• This brings us to investigate critical factors
  that helps measure success of a new venture.

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The People

• Founders and visionaries understand what it takes
  to build a business. These are people who believe
  in solving critical challenges and are ready to
  take on the world any day. Quite often its just
  that they get too busy in so many things, that
  they would want people with a similar drive and
  focus to substitute them.
• Start-up business ideas thrive on such
  trust-worthy people and their inputs. This class
  of people are mostly business leaders who bring
  entrepreneurial ideas to the table.
• They speak of innovation and creativity to open a
  new chapter in technology. For them, nothing is
  small nor big, all that matters for them is
  whether they can execute what they want or not
  and most importantly, how to get there.

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The Idea

• The idea on the other hand is as important as the
  people working for it. One needs to be sure of
  the online service or the product one would be
  selling.
• For example, if you wish to open up an online
  web-service on a small scale, as part of a small
  investment idea, then you need to research market
  requirements thoroughly and the traffic you would
  get in demand for your service.
• If the business idea is new and has never been
  seen or experimented with and if it has credible
  problem solving ability, then be assured that the
  right kind of market placement will scale the
  idea far beyond expectations.

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The Resources

• Start-up ecosystems are always critical in its
  infancy because of its uncertainty. Start-up
  ideas will work given that it has the right
  leaders, visionaries, people with a common goal,
  and most importantly resources.
• Resources in start-up business ventures are
  crucial.
• Resources may involve investment, man power,
  right talent, publicity, marketing strategies, a
  proper plan, financial management, business
  ladder, objectives, place, documentation, a
  platform and so on.
• Continued

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The Resources

• Probably, one cannot find all of this in one
  place. But a website like Viewham can do this for
  sure. Viewham is designed to collect data from
  across so many sources and from many people.
• People would want to have a platform where they
  can post their ideas, the roles and
  responsibilities of their online business ideas,
  the budget distribution and other things of their
  small investment plan and so on. Other people
  can collaborate with the creators and take a
  business idea forward. This constructive platform
  therefore, will help elevate their start-up idea
  into something new and worth a venture.

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Originality

• Creativity is the birthplace of originality.
  Being creative is an art, a talent per se.
  Conventionally, a new business idea is a creative
  geniuss brain child.
• The creative guy would know everything that will
  and might work out for a successful business
  venture. once all this is documented, he would
  then turn into expanding it along many parallels.
  
• Here, care should be taken to preserve the
  originality of the business idea.
• Continued.

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Originality

• Things like objectives and aims should clearly
  have a framework around the start-up culture.
  These core objectives should not be frequently
  changed or altered.
• This is one way to preserve originality. Other
  than this, there are things like, new ventures,
  acquisitions, trades, audits happening every now
  and then, where executive team may have to take
  uncomfortable decisions.
• But again, as said earlier, great care should be
  taken to not have a paradigm shift all together.
   

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Design and methodology

• These days its no surprise that people find ways
  to go digital. People also take their new
  business ideas online. Submissions,
  registrations, attachments, downloads, uploads
  all happen in a digital format these days.
• Therefore, there is a need like never before to
  explore all or important things on the internet.
  Also growing, is a demand for thriving and
  sustaining online. A great design strategy and
  agile methodology can help a long way. An
  entrepreneur must know how to steer his way
  through the chaos and create avenues to ease his
  way into the market.

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Conclusion

• All the pointers mentioned above are brought
  together keeping in mind the importance of
  business ideas and ventures that will help any
  new start up idea thrive in the market. These
  pointers individually are separate field of study
  all together.
• Any business leader who knows what it takes to
  become successful will obviously look into these
  aspects that will help the new business idea grow
  and flourish.
• All in all, if you are looking to invest, or
  pitch a new business or a start-up idea, Viewham
  may actually be a good place to start. 

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Thank You