Can Your Idea Become A Real Business Opportunity?

To get rid of the real business opportunities from many good ideas, a quasi entrepreneur can ask himself a series of questions.

The first problem is:

Does this idea fill a market gap? If the final product is not really needed, then this clever idea can be regarded as a scientific research project at most. You have to make sure that this thing is really specific. market What is lacking is what you need to offer. And even if one Originality It seems to be able to fill a gap in the market, and what it provides may not necessarily be accepted by the market.

If possible, question your creativity often from this aspect: can it be tested through practice? Many ideas can be determined through simple tests whether they have market demand or will be welcomed by people.

For example, a new baked food can be tested in a farmer's market before it is put to the retailer. If the dessert is not popular with the farmers in the market, then the product needs to be tested again before pushing to a bigger market.

If this is a breakthrough or creativity in a technology intensive industry, then Entrepreneurship People must be vigilant. technology Update speed. Here is a simple question: is there any life cycle for this idea? Although no one can predict the future of crystal ball, prospective entrepreneurs will catch up with future plans and monitoring mechanisms before the potential problems and opportunities emerge. If this idea does have a lifecycle, the next question to ask naturally is simple: how high is the entry threshold? The best creativity should have a high entry threshold. If a good idea does not apply for a patent, a stronger competitor may overtake you overnight.

If a business idea is naturally protected by a higher entry threshold, the next important question is: can this idea be extended? The best business ideas include replicable and easy to impart solutions, and no need for founders to personally kiss everything in business. The small business television network is an online network based in Saint Louis, which aims to explore the news and information of small businesses. If you operate entirely on your own, you haven't really started your business yet, but you just created a job for yourself.