Based on my own experience and feedback from friends, every investor is approached by at least ten entrepreneurs with a “hot idea” for a new business, for every one who has a real “plan” for a new business. That’s why I often say that ideas are worth nothing, until they are put in the context of a business plan and real people committed to executing the plan.
Mind the Gap Between a Good Idea and Good Business
Posted by
martinzwilling under Startups
From http://blog.startupprofessionals.com 4354 days ago
Who Voted for this Story
Subscribe
“Rachel: Great to hear! Thanks for your kind words! :)
All the Best,
Martin...”
“Thank you, Martin. That's a fantastic motto... and I couldn't agree more!...”
“Lisa: Good to hear! Thanks for your response....”
“For sure, I know I did years ago when I was working for others....”
“Lisa: I wonder if they potential employee is doing a background check on...”
- News
- Blog
- Press Center
- Newsletter
Buttons and Widgets
- Legal
-
Privacy | Terms of Use
© 2007-2024 BizSugar.com.
Comments
4354 days ago
I think there are some great points here. One thing I'd add. I'd suggest there are some ideas that you may want to test on a very simple scale to determine whether a business model is workable. I think financial projections are fine, but they should be based on something real. Is there a way you can very simply test a product or service to determine whether there is actually a market for it? Offer a very limited group a stripped down version of the service to see whether any customers will actually pay for it. Or create a simple version of a Website or other product to see if there is any customer interest.