Yesterday, I spent some time repairing my grandkids bikes, but on the way to their home I decided to visit a cycle shop which used to be amongst this complex of shops on the way to Joondalup. When I got there, there was no cycle shop, but instead a women's fashion store. I pondered on what may have happened to this business.
Luckily in this day and age of the internet, we don't need to invest heavily into a brick and mortar store if we wish to start a business. We can actually start a business for very little investment and minimal risk.
Ideas are cheap but knowing how to develop an idea is valuable. Back at high school, I was a real day dreamer, I guess I have a creative mind. Over the years I have come up with countless great ideas but have taken action on only a few.
I believe I am not alone and that there are many others who constantly dream up great ideas, but for one reason or another never get to act on them and so they become forgotten.
Entrepreneurs don't all share the same methods for developing their ideas. Some will go to great measures and expenses to plan out how they will develop their ideas whilst others will take a quicker less formalised approach.
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