Charlotte, N.C., resident and serial inventor Shailendra Suman knows
that a commercially successful invention is about much more than the
idea. And in the nine years since he quit his day job in business development,
he’s known both the frustration of a commercial flop and the glory of a
runaway success. So what’s the key to creating and building a business around a commercially viable invention?
Ideas are great. But what good are they if you don't put them into action? Of course, that is easier said than done. Experts say that since not all ideas are immediate hits, keep trying until you find success. Instead of letting a failure
discourage you, look at failures as learning opportunities. Along the way, there are techniques you can you use to go from brainstorm to
blueprint. Here, we've indentified a few to help get your idea up and running.
Carmen Blackmon’s road to entrepreneurship started with a nonprofit. In 1999, she left her lucrative corporate job to start the Above and Beyond Learning Center, a community-based
after-school program to help students who needed additional support but
whose parents couldn’t afford private tutoring. Fourteen years later, the program has grown exponentially.
In a recent article from The Root, writer Melinda Emerson says African
American business owners should use every occasion, parties included, to
build networks. Check out this list of "network building" techniques.
So things didn't go as planned last year. Now is the time to take a
fresh look at your business's plans, goals and the setbacks of the past
year. Experts suggest that a plan to achieve your New Year's resolutions with regard to your business is priceless.
The fashion industry is hard to break into but Mimi Plange has done the
impossible. First Lady Michelle Obama wore a Mimi Plange A-line skirt to
an appearance on the "The View." Today, Plange's designs can be seen on
celebrities and fashionable women worldwide.