Is Your Biz Idea Is Any Good?

October 13, 2008 by Rich | 4 Comments
In Advice, Decisions, Ideas

Evan Carmichael At YoungEntrepreneur.com:

A question I get asked very frequently by young entrepreneurs is “How do I know if my business idea is any good?”

1) You Love It

2) You Have A Customer

3) It Doesn’t Cost Too Much To Set Up

4) You Can Do It All Yourself Or Have A Team In Place

5) You Have Something That Sets You Apart

Photo by bigdodaddy.

Comments

CoolProducts on October 15th, 2008 at 1:36 pm

1) You Love It (have strong passion for it)

2) You Have A Customer (a market segment with potential growth)

3) It Doesn’t Cost Too Much To Set Up (there are no huge barriers to entry)
Matt @ Permanent Fitness on November 20th, 2008 at 1:49 pm

Short but straight to the point.
I hope I will be able to launch my own business some day.
Matt-CapForge.com on November 20th, 2008 at 3:18 pm

I don’t think you have to love it, if you can see it as a stepping stone to something bigger/closer to what you ultimately want to do. The rest are pretty valid, though.
cassy on January 7th, 2009 at 8:55 am

i have an idea but idont know if this is good for business! coz i guess i still need more information on how to make my idea into a good business!