You’ve done your research and critical thinking and you still want to start a business? Then, your next step is to determine if your idea is just a good idea or an actual business idea.
A Business Opportunity Vs. A Business Idea
Not all ideas can be turned into successful businesses. A Business Idea is an idea is that looks good and sounds good, but doesn’t meet a customers need. A Business Opportunity is is a business idea that also meets a consumer need.
Four Rules For Running Your Own Business
• Meet a consumer need
• Create value
• Keep good records!
• The customers’ needs should come first!
Who are the people who make up your unique market? (The people in your “sphere” friends, family, neighbors, classmates, community members & colleagues.)