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Good Business Idea (Key considerations of a good new business idea (Is the…
Good Business Idea
Key considerations of a good new business idea
Is the product or service needed
Is someone already providing the service
If some one is running a similar business can you compete with the cost.
Are you economical
Is this something that you can live with out
Strategies that ensure a new idea works in the real world
Research
See if your idea is truly new, see if they can be useful or not
Find a good location to put it
Will it be used in everyday task
Is it practical
Who will be the costumer
What will be the main purpose of the product
Attributes that make your idea a good idea
useful
reliable
affordably
practical
not everyone can produce