Every entrepreneur's journey is unique — there's no one-size-fits-all path to success. There is, however, a proven sequence of steps that can turn your idea into a thriving business. I've seen this process unfold firsthand, launching my first business at age 14, and currently as an angel investor advising numerous startups. Let's dive into these essential steps.

Every entrepreneur dreams of success, but defining what that means for you is the key to making it a reality. This step is crucial as it empowers you to take control of your entrepreneurial journey. Reflect on what success looks like for you, considering your goals, risk tolerance, market dynamics, competition and more. Assess your passions, skills, limitations and resources — and then follow a course that makes sense. Will this be your supplementary or primary source of income? How big do you want to grow? Are you seeking profits, impact or something else? Answering these questions thoroughly and honestly will allow you to lay a strong foundation for success.

Related: 4 Steps to Moving Beyond the 'Lightbulb Moment' and Turning Your Idea into a Thriving Business

The most successful startups solve problems that haven't been addressed yet, often by being disruptive or pioneering a new category. If your idea doesn't solve an apparent problem, it's time to return to the drawing board. Identifying a need goes beyond casual observations or gut feelings; extensive market research like interviews, focus groups and audience development is essential to uncover your potential customers' needs, desires and pain........

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