These are some great questions. As an entrepreneur, growing and scaling my business has been both a challenging and rewarding task. I'll answer both your questions separately: 1. How should you decide which business idea to pursue? Your decision should take into account both personal factors ...
The best idea is the one that A) you are passionate about B) people want C) is scalable See below for further discussion: "A" is useful because it helps ensure that you'll stick with your startup over time and through difficulties, and that you have an above average knowledge of the field to ...
Hi: Your rationale here is decent, but you run the risk of trampling all over copyright issues. And ending up in a legal soup as a result. Giving credit does not absolve you of profiting off someone else's creation. And just because it's available for free doesn't mean there's no copyright protec...
Execute. Is there a critical mass of value that someone will care about the problem you are solving for them? The size of the problem you are solving and well you solve it generates the value. That then dictates what (if anything) you can charge. The number of people who have that problem defin...
Understanding your market is key. Without a market, products flounder, or worse, fail. I've conducted research on markets where a product didn't exist yet. The research doesn't have to be expensive or lengthy. The purpose of research is to understand the true needs of the market. Based on the...
This is an interesting idea. In fact I faced a similar problem recently - I wanted to pick up a sofa that I'd bought from ebay. My options were - borrow a big van and drive it there and back, hire a man and a van to do so. I chose the man and the van via this service - https://www.anyvan.com/ ...
What a great idea! Of course, right now at the moment there is probably less demand, the beauty of your service, i am guessing, is that it can be outdoors and somewhat weather resistant. I would encourage you to reach out to event managers and planners with the idea - i feel as though there is so...
This idea is very intriguing. I believe the product is very doable if you have the appropriate tech resources and the right team. I'm unsure of what the target market may be for this application? Middle-aged individuals? And are you planning to make this free because I'm not too sure people will ...
Why not grow it yourself? I'm sure you've heard of angel.co I'm sure you can find a good network there for investors connected to Amazon in many ways. But if not, either way you put in a disadvantage if you are the one pitching for the sale. Look for investments instead and make firms bid for y...
Hello!! That's a very good question you asked. Having been a entrepreneur for more than 7 years now, I understand how entrepreneurs are often serial thinkers and the rate of idea generation is definitely greater than that of execution. Focussing your thoughts and actions on more than one busine...