It’s easy to come up with great business ideas. But turning that idea into a reality is a different story. There are countless challenges and obstacles you’ll face along the way, from raising money and building a team to creating a market for your product or service.

But don’t let that scare you off. With enough determination and hard work, you can overcome any obstacle and bring your business idea to life. Even though there’s no one-size-fits-all formula, there are a few key steps you can take to make sure your idea has the best chance of success. Here are the most important ones to follow: