How To Transition From Business Ideas Into A Reality – Lorlett Hudson

Today in Obehi Podcast, we are going to be learning how to transition from business ideas to reality. The process of starting a business can sometimes be overwhelming, especially if you haven’t done so before. But what if there is someone to learn from, someone who has done it before and is willing to share the process and stages with you?

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Perhaps, you have already heard that to start a business, you need to have a clear idea of what you want to do. Create a business plan, check out the competition, and test your business idea.

All that is important but trust me. It’s much more fun when you can learn from those who have already done what you want to do; hear about their rise and fall so you can form a better opinion. That is what we are going to be doing in this episode.

The Key Points In This Episode

• How do transition from business ideas into a reality?
• What are the steps to take to stand out in your business?
• What is the role of collaboration and better relationships in business success?

The Full Interview With Lorlett Hudson

How do transition from your business ideas into a reality

Transitioning from business ideas into reality involves several steps, including:

1. Conducting market research: This involves gathering information about your target market, competitors, and industry trends. This research will help you to validate your business idea and determine if there is a market for your product or service.
2. Developing a business plan: A business plan outlines your business idea, target market, financial projections, and strategies for achieving your goals. This document is critical for convincing investors, lenders, and other stakeholders to support your business.
3. Securing funding: Depending on your business idea, you may need to secure funding from investors, lenders, or government grants. This funding will be used to cover the costs of starting your business, such as purchasing equipment, hiring employees, and marketing your product or service.
4. Building a team: As your business grows, you will need to build a team of employees, partners, and advisors. This team will help you to run and grow your business.
5. Developing a marketing strategy: Your marketing strategy should include tactics for reaching your target market, such as advertising, public relations, and social media.
6. Launching your business: Once you have completed the above steps, you can launch your business and begin selling your product or service.
7. Continuously evaluating and improving: Once you have launched your business, it’s important to continuously evaluate and improve your business operations, marketing strategies, and financial performance. This will help you to identify and correct any problems and capitalize on opportunities as they arise.

It is important to note that transitioning from business ideas into reality is a process that requires patience, perseverance, and a willingness to adapt and learn as you go along. It’s also important to seek advice and guidance from experienced entrepreneurs and business professionals.

About The Guest – Lorlett Hudson

Lorlett Hudson is the founder and CEO of One Hand Can’t Clap – the leading learning and development company in the UK, supporting High-level African Caribbean Professionals and Entrepreneurs to turn their ideas into a reality.

The mission of One Hand Can’t Clap is to help its clients improve their influence, impact, and income.

When talking about owning your own business, Lorlett is clear about the benefits:

• The freedom to work from anywhere and to set your own schedule,
• the independence to choose your clients,
• the pride that comes from leading your own path.

Lorlett is the creator of the “Things Mama Used To Say”, a 52 card box set of Jamaican/Caribbean proverbs. The objective of the proverbs is to facilitate change management, build inclusive leaders, diversity, Inclusion, cultural humility, and develop high-performing teams.

You can contact Lorlett Hudson on her business website: Onehandcantclap.co.uk

Learn More About The Podcast

Obehi Podcast brings you leaders and experts from different industries to share their experiences, relating to Africa and the African diaspora. Listen to Obehi Podcast across different platforms: Spotify, Apple Podcast, YouTube, and much more. 

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