Friday, October 1, 2010

Simple way to Be a Better Entrepreneur

Think of a great idea
If a great idea comes to you, evaluate if it is realistic.
Think of cost, manufacturing time, and popularity.
Always be open to different ideas.
Ask and record if people would actually buy the product.
If you don't have an idea yet, it is a good start to think of your target market first.
Then brainstorm a list of things like places they shop, things they like, and things you like.
Narrow the list down to about three items, keeping cost, manufacturing time, and
popularity in mind. Find the easiest, most realistic product.

Or, think of a terrible idea.
Really, you can't tell if a business idea is great or terrible until you try it in a real marketplace.
Years later, the successful ideas are "obviously" good, but when they first began,
most people rejected them. Google is one of the most famous example

No comments:

Post a Comment