Can You (and Should You) Turn Your Entrepreneur Business Ideas Into Reality?

Can You (and Should You) Turn Your Entrepreneur Business Ideas Into Reality?

Can You (and Should You) Turn Your Entrepreneur Business Ideas Into Reality?

We’ve got some of the most common questions future entrepreneurs ask – and answers that will turn business ideas into businesses!

entrepreneur ideas, business ideas from entrepreneurs, creating a successful business

Can you (and should you) turn your entrepreneur business ideas into reality?

The Most Common Questions New Entrepreneurs Ask About Starting a Business

By Amelia, Guest Blogger

Over time, many of the hundreds of thousands of business projects that entrepreneurs start each year never make it, as there are several stumbling blocks and failures along the way.  Some are doomed to falter even after impressive rocket launches.

Many of these non-success stories are due to inadequate planning and not knowing how to conquer the challenges of starting a business. We believe that bringing entrepreneur business ideas into fruition is easier with the help of a mentor. Mentors can guide you along the way, making the process easier, even if you’re intent on going it alone with your business.

But, before you ask anyone else questions, you have to pose some to yourself. So, we’ve compiled some of the most common questions entrepreneurs ask about starting a business. If you have one or several entrepreneur business ideas and considering being a self-starter, these are food for thought.

Common questions such as…

 

Do I Have What it Takes to Start a Business?

How do you, as an entrepreneur, know if you have the qualities needed to succeed? Take some time and jot down your goals, work habits, and level of commitment.

You’ll need a willingness to make sacrifices and interpersonal skills to deal with various individuals, including attorneys, staff, salespeople, and clients.

One of the essential traits, though, is to take on all roles at one time. Even if you end up with some employees or co-workers, you have to know how everything works when it’s your business. You can’t manage a project if you don’t know what’s involved.

How Do I Know if Now is the Right Time to Start My Own Business?

A common question that most entrepreneurs ask is when the time is right. But part of the answer requires a leap of faith. You can have experts provide you with their opinions with facts and figures to back them up. However, it’s your business in more ways than one, so you’re the ultimate judge, and there’s more to it than just an awesome business idea.

We can suggest that it’s helpful to put together a comprehensive plan, including a realistic budget. As you’re compiling the information, research all of the ways you can get leads and market your new venture. If you start your new business with your eyes wide open and still feel optimistic, then any time is the right time.

What Inspired Me to Start My Own Business?

You’ll find that “what inspired me to start my own business” is one of the most common questions entrepreneurs ask after jumping in with both feet.

Every so often, all independent business professionals need a reminder of why they made the sacrifices. That’s because the reason behind turning your entrepreneurial business ideas into reality could make the difference between powering through or throwing in the towel.

Your desire to become an entrepreneur must be strong enough to get you through the highs and lows of the journey. Working part-time when caring for your children, working as a 1099 before a better opportunity arises, or having nothing better to do aren’t always the best reasons to start your own company.

When everything clicks, though, success is sweet!

successful business ideas, entrepreneur businesses, businesses for entrepreneurs

How Will I Find Leads? What Techniques and Approaches Should I Employ?

Locating potential buyers quickly to close deals and where and how to reach out to potential customers is a key element to every successful entrepreneurial endeavor. And, isn’t this one of the questions that bothers every entrepreneur out there?

Finding leads is one of the most common questions entrepreneurs ask, and the answer is that you’ll want to put together a comprehensive plan based on whether you have an online or in-person business.

Start a pre-marketing campaign

Some of the techniques cross over, but physical locations require customers in the door, whereas online businesses are entirely virtual. At the very least, you’ll need a website or landing page facilitating email opt-ins, some social media presence, and referral programs.

We suggest getting a headstart. Whether your business idea is virtual or in-person, you can still put up a one-page website and start collecting emails. The sooner you get your name out there, the better.

No budget required

In addition to the landing page, incorporate free marketing methods. There are so many, depending on your business or service. But some include a LinkedIn business page, Alignable, and other social media sites.

Scroll down to our section on self-promotion, as many of the ideas crossover. However, don’t hesitate to get an early jump on things. If you use free lead-finding techniques and then decide that you’re not ready to move forward, the worst-case scenario is that you have an email list for the future.

How Can I Solve the Three Significant Challenges that Every New Company Faces: Money, Product, and Pricing?

The most common explanation for companies going bankrupt in their first year is a lack of capitalization. Figuring out how to fund the start-up is one of the top questions for every entrepreneur. Building a product or service necessitates investing time and resources to create these materials and clarify the target market’s wants and needs.

If you’re starting from scratch, we recommend hiring a mentor if you don’t have access to a friend or family member with solid business acumen.

Another suggestion is to contact your local SBA office. Many US cities have SCORE programs, with retired professionals who volunteer their time to help local businesses and entrepreneurs.

I Have Plenty of Entrepreneur Business Ideas, But What Steps Should I Take to Ensure My Company’s Success?

This question gets to the heart of your determination and what you’re willing (and not willing) to do to succeed as an entrepreneur. Every new venture necessitates an assessment of your discipline and diligence in relation to your desired degree of performance.

There are plenty of questions entrepreneurs ask, but they all revolve around the quest for success.

Add to your marketing toolbox

One of the best tips that we can share is to take advantage of every opportunity available to you. Don’t be tunnel-visioned. If you take the time to learn some online marketing strategies, use social media to your advantage, and build an email list, you’re well on your way.

The best part is that virtual marketing opportunities are free or relatively inexpensive. You just have to be willing to take the time to do the research and learn some new skills.

Share Your Skills:  BE A MENTOR

30 Minutes of Undivided AttentionBOOK A MENTOR

What Should I Do for Self-Promotion?

The process of getting strangers into your network and piquing their curiosity is what marketing yourself is all about. It necessitates strategic planning that allows potential customers to connect with you, experience your value proposition, and create confidence before becoming a sale. It is not enough to create a website or a social networking site.

Just a few free (or inexpensive) promotional methods to help you turn your entrepreneur business ideas into reality:

  • Website landing page (with simple email opt-in)
  • LinkedIn business page
  • Alignable (for business networking)
  • Local directories
  • Google My Business
  • A YouTube video (if you can’t do one yourself, you can order one on Fiverr for under $100)
  • Content marketing – continuously post information that benefits readers and, in turn, they’ll find you
  • Other social media – Twitter, *Pinterest, etc.

An easy way to conduct a sweepstakes

One of the best ways to jump-start the process is to hold a raffle or sweepstakes. You don’t have to go all-in with an expensive prize that you can’t afford. Instead, come up with something that your target market is interested in and offer something along those lines. Or give away a sample product or service you’re promoting.

To make things much easier for you, check out Rafflepress. It takes care of sweepstakes from the entry form to the rules to a one-click winner draw. It’s only $39, and it’s well worth it. You’ll end up with a database of email opt-ins, and you’ll have options for entrants to do some social shares in exchange for extra sweepstakes entries.

*A Pinterest Tip

Were you aware that every month nearly 460 million people worldwide are active on Pinterest? The social media brand might not be top of mind when you’re ready to market your entrepreneurial business ideas, but it makes sense.

You can grow your following organically if you don’t have a marketing budget or give it a shot with a low-budget advertising campaign. You get quite a bit of bang for your buck (or pound, franc, etc.) with Pinterest.

Our tip is to check out PicMonkey if you plan to use Pinterest. Not only is there a Pin template for both image and video pins, but it’s a first-rate graphic design tool for ads, banners, website images, etc. Even if you’re building a website, the paid plan that’s just about $100 a year includes stock images and stock videos. It’ll make your business life so much easier!

Create images for your business or brand

How Long Should I Be Involved in My Company Before I Start to See a Steady Stream of Income?

Given that most start-ups take years to establish a healthy and reliable revenue stream, you’ll need to assess your finances and figure out what you’ll do in the meantime. Turning your homegrown business idea into reality has a personal aspect to it as well. You need to decide how long you’re willing to invest to reap the benefits of your investment.

You’ve heard success stories of instant-hit businesses, along with others that limped along for years before something clicked. There are all kinds of exciting entrepreneur business ideas, but implementing them is a different story.

With your own business, you’ll never reach the finish line. However, the more creative, motivated, and willing to experiment with new marketing programs, the quicker you’ll be a contender in the race.

 

The Bottom Line

In conclusion, one of the most rewarding, demanding, and exciting endeavors anyone may undertake is to become an entrepreneur. The transition from an employee to a self-starter is well worth the effort if you want to take control of your career. You’ll create something that gives you long-term control, providing yourself with the ultimate in independence and versatility.

Wait… there’s more! Keep reading…

 

entrepreneurs, best business ideas, turning an idea into a business

Wait – One More Q & A About Implementing Entrepreneur Business Ideas

Before you go – this is Lu with OTL (City Guides, Seat Fillers, and Guide Me to Mentors), and I have an answer to one more common question entrepreneurs ask.

Where do I turn when I have questions or simply want to bounce some ideas around with another business professional?

This particular question is one of the primary reasons why we started OTL Guide Me at Home mentoring.

I’m an entrepreneur overseeing OTL, and my expertise involves building websites, content writing, and marketing. But I’m an old-school marketer specializing in grassroots programs. So, it’s frustrating when I feel lost with something new like Google Analytics.

Step by step guidance

I read manuals, watch videos, but there are times when I could really use someone to walk me through my particular situation.

For example, with Google Analytics, I’d love for someone to show me where to put tracking codes and what I should be monitoring and improving. In a half-hour, I’d be ready to move forward instead of banging my head against the wall.

So, if you’re an entrepreneur and in the same boat, needing support or answers to questions, OTL Guide Me at Home is an inexpensive and handy solution. You get 30 minutes on the phone or video chat with the expert of your choice for just $35.

One of the most common questions for entrepreneurs turning their business ideas into viable operations is how to find a mentor, and now YOU have the answer.

OTL

OTL Guide Me at Home, going old school with new school, distance learning, hiring someone to help with computer
Going Old School with New School, Lifestyles, and Work-styles with OTL Guide Me at Home!

Where do YOU want to be guided?

Remote Learning for Everyone

Remote Learning for Everyone

Remote Learning for Everyone

“I am committed to learning, growing, and being the best I can be.”

Guide Me to Remote Learning for Everyone

 

Greetings! My name is Lu, and I wanted to share a few personal stories behind OTL Guide Me at Home. It’s the new remote learning community. So, you may be interested in how it came to be, what makes it different, and how it can benefit you.

Guide Me to Remote Learning Help for Entrepreneurs

The concept of OTL Guide Me at Home may seem timely with today’s new remote learning world. But it emerged over a year ago based on my personal experience as an entrepreneur and someone who has worked from home for years.

It started with community seat filler clubs

My family, friends, and I have been running seat filler membership clubs (OTL Seat Fillers) for seven years. Additionally, we launched the OTL City Guides as a free community resource for everyone with event calendars, directories, blog posts, and more.

However, I started working decades ago (I won’t say how many!), using computers primarily for data processing and text documents. So, switching to an online business had its challenges (and continues to!). While I now build our websites and manage blogs, I run into questions here and there that still stop me in my tracks.

What do I do when I run into a problem that I can’t immediately solve?

Well, up until now, here were the top remote learning choices :
  1. Sift through YouTube videos and websites to see if there’s an instructional video. = Time Consuming!
  2. Read through discussions and Q & A’s in search of similar issues. = Time Consuming!
  3. Hire someone on Fiverr to do the work for me. **  = Doesn’t Accomplish the “Learning” Aspect!

 

**Side note: I LOVE Fiverr and have hired countless independent contractors who have created logos and ads, and repaired some coding and plugin issues. So, I can’t say enough about the service. If you want to hire someone to do some work, Fiverr specialists are available for fantastic rates. However, Fiverr is for DOING the work, not teaching you how to do it.

What’s missing from the three remote learning options, though?

Someone to provide support. A teacher, tutor, or subject matter expert that immediately has an answer to a question, or a solution to a problem.

 

Going old school with remote learning

 

Every so often, it would be incredibly helpful and time-saving to have someone to turn to that will walk me through a solution to my problem.

 

I’d rather be guided than taking hours to figure it out…

For example, if my site is slow, I’d like to talk to someone who can ask the right questions and guide me (“guide me!”). What I don’t want is to have to engage in a lot of back and forth messages. It can take a while to get to the heart of the matter when you have to write out the issue and wait for responses. That method isn’t just remote learning, it’s impersonal and challenging remote learning.

For years I’ve been hoping to find a service that would let me get on the phone or live chat with someone who will stick with me until the problem is solved. It would be quicker and more comfortable. I’d rather speak in real-time, one on one with someone who can understand my problem right off the bat. But, aside from researching to find the answers, help for entrepreneurs has been primarily limited to support tickets or relatively expensive classes.

remote learning, distance learning, virtual learning, online tutoring

Everyone could use a helping hand every now and then

^

Entrepreneurs & Home Office Workers

Help building a website, questions about WordPress plugins, social media, online advertising, SEO, software, more…

^

Remote learning or homeschooling

Tutoring for students or parents, Zoom training for teachers, virtual classrooms…

^

Basic computer skills for children, adults, and seniors

Set up a Facebook account, learn how to use video chat, Microsoft Office, email…

Guide Me to Help with Distance Learning

So, I’ve been looking for someone to answer my questions and not do the work for me.

Home “work” requires an at-home guide

Then, this year, the COVID-19 crisis hit, and distance learning is now on everyone’s radar. Teachers need to learn Zoom, set up virtual classrooms, and could use tips and tricks for keeping their students engaged from afar. Parents are frustrated because they have to take on a more significant role in keeping their children on track in a new environment. Because of this, they could use support, and maybe even tutoring, as well.

Tutoring and support for students

The students are challenged the most, though, as they’re heading from a classroom to a computer screen. Students from elementary school through college have to adapt to a whole new way of learning. They no longer have someone in the room to give them consistent one-on-one encouragement and help.

So, even though the questions and issues are different, distance learning is in the same realm as remote learning assistance for entrepreneurs. Therefore, we’ve designed Guide Me at Home to be used by teachers, parents, or students (or parents and students together).

help learning computer, help setting up Facebook, help for seniors, computer tutoring for seniors, online teachers, online tutors, remote learning for seniors
For Anyone Five to 105!

Guide Me to Basic Computer Help

My best friend is a teacher and a Mom, and one of the driving forces behind the distance learning aspect of Guide Me at Home. Additionally, though, my mother is also the inspiration for the overall concept.

Why?

 

Teaching Mom

Because even though my 77-year-old mother came out of retirement to work on the family membership club (OTL Seat Fillers), it was a long and slow process getting her up to speed. I had to start training her by explaining the difference between a website and an email. Let that sink in for a minute.

Three TV remotes don’t sit well with her either. Mom loves her Acorn TV but can’t seem to figure out how to access it, so we’ve had to resort to post-it notes on each controller. Even when she gets a brand new phone, there’s always something wrong with it (as opposed to the user – haha). But I digress…

Seniors appreciate patience

So, the third concept of OTL Guide Me at Home is to provide seniors or anyone new to primary computer skills to have a go-to for help.

For example, let’s say that you want to set up a Facebook page to keep in touch with family and have no clue where to start. You could get on the phone with a “guide.” He or she will walk you through the process step by step. You won’t feel frustrated, and you’ll have your Facebook page ready to go before you hang up the phone.

Now, if only “Guide Me at Home” was around when I had to explain the difference between a website and email to my Mom!

OTL Seat Fillers, OTL City Guides, OTL Guide Me at Home, OTL seat filling

About OTL

OTL Guide Me at Home is part of OTL City Guides and Seat Fillers. Our unique community seat filler concept has been around since 2014 in the US and London. We’re sidelined a bit by the pandemic. But, because of that, we’re evolving with the times, tweaking the premise of the club.

 

Guide Me to Helpful Information

The OTL City Guides are for everyone. They include public event calendars and directories for users in the United States and the United Kingdom. Our goal is to become a resource for a “better life” with things to do, ways to save, and tips and tricks. And, of course, there’s the unique seat filler club as well.

As an extension of the community resource concept, we’ve now got a new club, as well as a remote learning service, with OTL Guide Me at Home.

 

A “club” for teachers and subject matter experts

Guide Me at Home also has a membership premise, as our teachers are part of the “Guide Me” club. It sets them up to earn extra income by sharing their skills, time, and expertise. Users of the service, though, aren’t committed to anything long term.

Our goal with the seat fillers club is to assist the arts and entertainment communities with a free service and give our members incredible value each month for less than a movie ticket. A win-win!

Now, when it comes to remote learning with OTL Guide Me at Home, you have a new community that you can turn to whenever you want. Whether it’s for distance learning support, entrepreneur help, assistance with your new home office environment, or necessary computer skills, social media, online advertising, and more, you don’t have to sift through videos or manuals. It’s another win-win!

A virtual hand holder is so much better!

OTL

OTL Guide Me at Home, going old school with new school, distance learning, hiring someone to help with computer
Going Old School with New School, Lifestyles, and Work-styles with OTL Guide Me at Home!

Where do YOU want to be guided?