How do You Tell a Business Idea from an Opportunity?

How do You Tell a Business Idea from an Opportunity? Avatar Posted by gimmesome under Startups
From http://www.squidoo.com 2849 days ago
Made Hot by: on July 15, 2008 7:35 pm
Contrary to what many aspiring entrepreneurs believe, the key to a successful startup does not rest upon having a unique, one-of-a-kind idea. A good idea is a necessary starting point for any new business, but that's all it is. As VC and entrepreneurship teacher Rob Adams points out, ideas are not scarce: they're commodities. Virtually any idea worth pursuing has already been done. What is rare, on the other hand, is the ability to execute an idea and turn it into a profitable business. That's why so many startups fail year after year.



Comments


Log in to comment or register here.

Give millennials a reason to stay - The benefits that can help you retain young talent

Job-changing is fast and furious in the early years of millennials’ careers: Young adults born in the early ‘80s …
Subscribe

Ross Kimbarovsky @rosskimbarovsky Dressses Down for Small Business Dreams

Ross Kimbarovsky could tell you about his passion for entrepreneurship. He could (and does) talk often about the drive … More
Editor's Picks

It's time to up your game with video on BizSugar!
Have you tried BizSugar's new video posting feature?
Post your small business video to BizSugar today!
Did you know you can now post video on BizSugar?