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Re: Evaluating Your Business Ideas

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Re: Evaluating Your Business Ideas

D Paulson75 — Thu, 30 Sep 2010 23:16:47 -0000

Usually when I want my business idea evaluated I tend to tell a friend two just to see what they think, that way the business plan is not biased to my goals/what I want.

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Home Business Ideas — Mon, 21 Jun 2010 21:54:55 -0000

Answering the questions in this article helps us if the business we created for our business is effective.

Re: Evaluating Your Business Ideas

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Re: Evaluating Your Business Ideas

businessideas — Wed, 21 Oct 2009 23:27:37 -0000

Great stuff, I share your perspective on most of it. It really is pretty simple when it gets down to it. Most good business ideas are simple. They have to work. Most ideas, I've learned aren't good business ideas but seem that way at first.

Thanks for the insight.

Joe

Re: Evaluating Your Business Ideas

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It sounds really awesome. Thanks a bunch for sharing such great business ideas with us. Found these informations worthy as i am a newbie in this field. I have been wondering about this topic,so thanks for writing. Thank you for this post - very well said and balanced.

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Re: Evaluating Your Business Ideas

Sylvia — Wed, 23 Sep 2009 14:31:16 -0000

Good questions........I would add
"what makes you stand out from the competition (your USP) and
have you got the perseverence / resilience to overcome setbacks

Re: Evaluating Your Business Ideas

Karen Dahood — Thu, 17 Sep 2009 13:46:27 -0000

Regarding new business ideas, you have not mentioned the importance of planning and presentation to potential partners. Sometimes you first have to convince the potential partners that planning is important, and that they have to be part of the process. In this fast environment, it's especially important to take time to analyze the micro and macro-climates for planting the seed and growing the idea. This is frustrating when there could be ten other geniuses out there with a similar idea and you feel you have to get into the race. But the foundation is important nonetheless. Over 35 years I have repeatedly seen two especially awkward stages: one is when the potential partners just don't get it -- yet -- but the impatient genius nudges it ahead; then, when things start to perk along the genius is out there without the complete buy-in of his or her backers, and runs out of steam. No fulfillment. Decline in reputation. It's not ideas that move mountains; people do.

Re: Evaluating Your Business Ideas

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Re: Evaluating Your Business Ideas

patricia1 — Sun, 13 Sep 2009 22:51:46 -0000

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Re: Evaluating Your Business Ideas

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Re: Evaluating Your Business Ideas

Stores_Online — Wed, 09 Sep 2009 00:51:48 -0000

Hi! chris its one of the nice thinking of your's on business and I like your innovative and informative thinking which helps me a lot in my business.Thanks for the useful tips,nice post and keep up post cont................Stay tune with us.:)

Re: Evaluating Your Business Ideas

content filter45 — Mon, 07 Sep 2009 23:38:34 -0000

Great post.I am interested very much in the subject matter of your blog.This post will definitely help readers like me.Thanks for sharing such a great article with us.

Re: Evaluating Your Business Ideas

Name — Sun, 06 Sep 2009 00:04:42 -0000

I've worked with several small business that started up in my industry, publishing, where much of the beginning was fueled by passion. However, one aspect that often struck me about was that such small business starters were coming from larger businesses where they had never handled all the aspects needed to run a small publishing house. Therefore, even when it came to matters such as hiring people, they often were not fully informed on how to hire the best single production person, the best single assistant who could be both a receptionist and an editorial assistant, etc. In other words, while passion was in plenty of supply, what was lacking was enough information for proper execution. Even before drawing up a business plan, there must be enough due diligence done in advance.

Re: Evaluating Your Business Ideas

muramirakenneth — Wed, 02 Sep 2009 07:37:29 -0000

That's it. but do you think capital is there for everyone to have.
Just of recent i registered a company in Uganda,got rent but things aare not easy.You can try to look for share holders but they fail to meet the standards of the company i dont know why!!
but i have started the journey and if there is any crue you can give me please do i also need to perform like professionals.

Re: Evaluating Your Business Ideas

muramirakenneth — Wed, 02 Sep 2009 07:31:03 -0000

thank you for the ideas but capital is almost the limiting factor of people to start business. I think if there is need to get capital everone could be having business. everyone has ideas about business. Like in Uganda someone can opt to sell banana leaves everyday and find he does not have what to eat at the end due to crisis in the economy.

Re: Evaluating Your Business Ideas

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Re: Evaluating Your Business Ideas

tadefo — Tue, 01 Sep 2009 03:10:18 -0000

Is It possible that in this perspective all the first 4 question raised here are yes and at the 5th question: Can you do it? Meaning, do you have the capacity to do what it is you’re proposing to do?.

the answer is no.

Do you think even if # Do you know how to promote it? yes I know how to promotr it
# Can you sustain it? Yes.
# Can you grow it? Yes.

on this basis That business can still survive and succeed?

to summarize only 5 is no and you need to collaborate with the person who owns the know how.

Re: Evaluating Your Business Ideas

osnatbresler — Mon, 31 Aug 2009 18:10:57 -0000

Excellent list of basic questions anyone aspiring to build a business should ask and find the answers to, before they invest their time, money and passion.
Great article!

Re: Evaluating Your Business Ideas

davelutz — Sun, 30 Aug 2009 11:52:58 -0000

Great discussion and advice! I find that many new technologies or businesses are trying to be all things to all people...trying to boil the ocean! You need to segment your best potential customers and make sure that you can leverage them to get more like them. Ideally you are able to build loyalty and drive high life time value from each customer with a new venture.

Great to read the comments on this post!

Re: Evaluating Your Business Ideas

frank barry — Sun, 30 Aug 2009 10:12:22 -0000

These are useful Chris. Useful to me because I work in a 2000+ person company and we have all the internal departments that do various parts of what you've outlined. That's a double edged sward.

On one hand it's a good thing because we have people who "specialize" in, for example, "promoting" things. On the other hand it's a bad thing because I forget or don't even consider the promotion of what ever we're doing.

Goal: start remembering to think about each step (and others) even if i don't own it.

Anyone else out there have this problem? I'd love your thoughts.

Thanks.
http://twitter.com/franswaa

Re: Evaluating Your Business Ideas

Ravi — Sat, 29 Aug 2009 17:50:29 -0000

Great article.If many start up's follow this list,their chances if success will massively increase.