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The Idea
The detonator of the entrepreneurial explosion is opportunity. Entrepreneurs, inventors, innovators are filled with new ideas. However, the number of ideas is much bigger than the number of opportunities, because an idea is not necessarily an opportunity, whereas the centre of an opportunity id always an idea.
Consequently, it is important to make an Evaluation of the Business Idea in order to understand if it is possible for that idea to become a business opportunity. Hence, any idea should be analysed under the following aspects:
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Which market does the idea embrace?
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Which are the economical revenues the idea can provide?
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Which are the competitive advantages the idea will bring to the business?
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Who is going to transform the idea into business?
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How far is the entrepreneur committed to the idea?
To see a methodology to
evaluate if your idea can be a good business, click here
.