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 3511 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

Woo-hoo Jackie Purnell: BizSugar "Contributor of Week"

We're VERY excited to welcome our BizSugar "Contributor of the Week" Jackie Purnell and hope you are … More
Editor's Picks


Share your small business tips with the community!
Post your small business video to BizSugar today!
It's time to up your game with video on BizSugar!
Have you tried BizSugar's new video posting feature?