How Do I Know My Idea Is A Good One?
The simple answer is that you don’t. But if you do not put your idea into practise you will never know. There is only one way to find out: you have to take a risk. There simply is no business without a risk. But there are also rewards. You are far more likely to succeed than fail in your business venture. You have to offer your service or product to your potential clients and be confident that your knowledge of the potential clients, the markets and the existing competition makes you an attractive supplier.
But you can do a lot to reduce the risk of not succeeding. You can find out about your potential customers and markets in advance. You can learn about their existing competitors. You can talk to their clients and ask them if they are pleased with the current service or product providers. If not, you can ease their pain by offering your solution.
You can analyse all kinds of trends and predictions of the future. You can talk to like-minded people and learn from their mistakes. You can find business partners whose skills and talents will complement yours. You can create a joint venture with existing companies.
But the decision to start a business is entirely up to you.
The responsibility for success or failure is yours.
There is no need to be afraid of failing. You have not failed unless you decide to give up. We all make mistakes all the time. There is no one who is right all the time and who never makes a mistake. Mistakes are there so that we learn from them and move on.
Thinking in advance of your potential mistakes and failures is the same as trying to get rid of your shadow. On a rainy day there is no shadow and on a sunny day there is no way that you can stop or avoid your shadow.
Most people do not regret their mistakes, errors or failures. Thomas Alva Edison said, “If I find 10,000 ways something won’t work, I haven’t failed. I am not discouraged, because every wrong attempt discarded is another step forward.” And the lesson here is that you do not know until you have tried. You have to trust your own ability to have an idea which will make your dream come true. And it will.
Question 1: If you have any doubts about your idea, have you looked for support and help from more experienced entrepreneurs?
Question 2: Are you spending your time with doom and gloom naysayers or with people who will encourage and empower you?
Question 3: If you do not want to start a business on your own, can you identify people who would like to share your enthusiasm and risk?
Copyright 2007 Kristina Julin-Stringer http://www.howtocomeupwithabusinessidea.com
Being an entrepreneur is a journey inside myself to find out how far I can go and particularly what I can achieve in my life. To me it is really a dream coming true and I would like to share my experience with other people who are perhaps thinking of starting a business and becoming an entrepreneur. I am particularly interested in giving a helping hand by showing how ideas can become good ideas.
Tags: creative, entrepreneur, idea