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7 Ways Every Entrepreneur Should Evaluate A New Idea

Startup Professionals Musings

As an advisor to entrepreneurs, one of the most common requests I get is for an evaluation of a next startup idea. I try to explain that even the most innovative idea will fail if it is not a good fit for you at this time, so the question I ask them is “why you now” rather than “ why this solution now ?”

Ideas 151
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6 Ideas To Recover From Business Resource Challenges

Startup Professionals Musings

In reality, resource constraints should be seen by startups a competitive advantage, by forcing them to develop new markets, and to think differently and act differently than existing players. Constraints are the best motivators for finding new approaches to solving a problem, building a product, or crafting an effective marketing campaign.

Resource 112
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5 Sources Of Ideas That Turn Into The Next Big Thing

Startup Professionals Musings

Here are some key drivers that will likely lead you to a fundable idea: A business crisis. Other countries can provide e-commerce with different business models, outsource manufacturing at low cost, and a huge market for new products. So why do I see some many funding requests for products along these lines?

Ideas 118
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8 Ways New Venture Founders Create Whole New Markets

Startup Professionals Musings

This is a statement that they are willing and able (and successful) at projecting market and technology turns, not just straight-line innovations. They have the courage to make bold decisions, often contrary to conventional market research. Believe there is no such thing as a crazy idea. More to business than dollars and cents.

Marketing 157
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Don’t Pitch Your Idea To Venture Capitalists, They Don’t Care

InfoChachkie

Ideas are infinite, and in the absence of competent execution, they are worth nothing. Thus, if both ideas and money are abundant, what is the scarce constraint in the fundraising equation? Skilled entrepreneurs bring ideas and money together by building a bridge of trust. The same precept holds true today.

Ideas 251
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7 Current Market Forces Bring Startup Opportunities

Startup Professionals Musings

Poverty, pollution, unemployment, limited education, and inadequate health care are sparking some of the biggest opportunities for social entrepreneurs today. The best startups also see these as opportunities for brand recognition and viral marketing, to simultaneously benefit people and boost the bottom line. Societal upheaval.

Marketing 135
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How To Pick Your Focus For Your Next Business Venture

Startup Professionals Musings

This point was illustrated well in the classic book, “ The Power of Positive Destruction: How to Turn a Business Idea Into a Revolution ,” by Seth Merrin. I like his approach to first making sure the idea has the potential for a unique selling proposition, by asking yourself a few key questions: Does the idea solve a painful problem?

Startup 96