To accomplish great things, we must not only act, but also dream; not only plan, but also believe.
-Anatole France
I think a crucial aspect of being a successful business person is being capable of converting an idea into a business. Once you manage to come up with the idea, you are imediately confronted with an ample number of potential problems and negativity to overcome (not to mention the problems overlooked).
So I'm wondering what advice could be given to someone who is facing such problems. How do you know when an idea is a good one? A great one? How do you know what will, or what will not work? Obviously there are certain aspects such as competition, previous successes, and large consumer bases. But I think many of us uprising entrepreneurs are a bit stuck as to what constitutes a sound business idea.
What are the exact characteristics of a good business idea? Can an entrepreneur ever be certain of monetary success or is the situation more dynamic than that?
The point that I'm attempting to address here is what can be considered adequate evidence that an idea is good enough to dedicate time, money, and effort to. At what point do you stop pondering and teasing the idea, and begin working towards making it happen?
Maybe I'm just picky and too much of a perfectionist to make a decision. Nonetheless, I want to be confidant with my decisions and have calculated evidence to believe in what I'm working towards. I am ready for failure and I know that nothing comes easily, but I am not sure how exactly to be assured enough about an idea to go through with it.
To all of you who have proceeded me and have made the decision to execute an idea, I'd feel privileged to know what motivated and pushed you to take that vital step.
-Anatole France
I think a crucial aspect of being a successful business person is being capable of converting an idea into a business. Once you manage to come up with the idea, you are imediately confronted with an ample number of potential problems and negativity to overcome (not to mention the problems overlooked).
So I'm wondering what advice could be given to someone who is facing such problems. How do you know when an idea is a good one? A great one? How do you know what will, or what will not work? Obviously there are certain aspects such as competition, previous successes, and large consumer bases. But I think many of us uprising entrepreneurs are a bit stuck as to what constitutes a sound business idea.
What are the exact characteristics of a good business idea? Can an entrepreneur ever be certain of monetary success or is the situation more dynamic than that?
The point that I'm attempting to address here is what can be considered adequate evidence that an idea is good enough to dedicate time, money, and effort to. At what point do you stop pondering and teasing the idea, and begin working towards making it happen?
Maybe I'm just picky and too much of a perfectionist to make a decision. Nonetheless, I want to be confidant with my decisions and have calculated evidence to believe in what I'm working towards. I am ready for failure and I know that nothing comes easily, but I am not sure how exactly to be assured enough about an idea to go through with it.
To all of you who have proceeded me and have made the decision to execute an idea, I'd feel privileged to know what motivated and pushed you to take that vital step.
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