October, 2010 // Posts published in October, 2010
How do you know if you have a great business idea?
Before starting a business, most people wonder if they have a good idea. ‘Good’ is an ambiguous term. It comes laden with assumptions – which could be different from person to person. So I thought I would elaborate on what, for me, a good business idea entails.
Steps to starting a business: Part 3 – Planning and taking action
In the previous post of this series, we discussed how the concept of testing your idea to make sure there is demand for it. Now that you know there is, you want to plan a business that will take full advantage of that demand. Planning will make you aware of the issues and give you the foundation to take the consistent focused action your business will need to be successful.
Steps to Starting a Business: Part 2 – Testing your business idea
Last post, we discussed how the best business ideas solve a problem for someone. Once you have come up with a solution, you need to ask: Will anyone pay for this? Before you invest too much time and money in your business, you need to test whether it is something people are willing to pay ...
Steps to starting a business: Part 1 – Finding and Developing an Idea
There’s basically 3 steps to starting a business. Completing all these steps before you launch your business gives you the best possible potential for success. Leaving out one of these steps will affect your business negatively – it could mean your business is not as successful as it could be, cost you a lot of money because of mistakes or ultimately force you to close your doors.
‘I’ve got a great business idea – can I sell it?’
"How do I sell my business idea? I have a great business idea but I want to sell it to someone rather than build a business myself" - Sorry to dampen your enthusiasm, but this is not the way things work. Ideas are nearly worthless. It’s execution that creates value. People don’t buy ideas – they buy income streams.
What’s happened to the site?
I'm currently redesigning the site, so that you can find the information you need more easily and so I can add lots of cool features to help you as the site grows. So please bear with me. I will also be relaunching the Ready Set Startup Manual in an exciting new format that will make it really easy to for you to plan and launch your business.
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