How do you know when you have a winning business idea

[eldavis]

Before starting a business, you need a business idea but the truth is that not all business ideas comers out successful, so how do you know your business idea is good enough to work out?

 

[Golden9]

Demand for it should be high enough to make enough money to cover your expenses. You can do a simple survey and research to see if it is right.

You may want to try something new, but it is risky.

 

[Shavkat]

I will know if it was proven viable after conducting a feasibility study. There is nothing to worry about if all the essential information were accurate in doing this study.

 

[Carson20t]

The excellent answer there @Shavkat , the fact that you can tell that a business is viable is the first step towards your goals. Next is the potential it has which is what is termed how scalable it is. These two skills and techniques will make one a business magnet.

 

[Magnus2022]

When you hit the goldmine, you will know consciously. There are certain confidence and peace of mind that will envelope you when you hit the goldmine.

 

[Ebutech]

Before starting a business, you need a business idea but the truth is that not all business ideas comers out successful, so how do you know your business idea is good enough to work out?

When you try to share the ideas with potential investors and they are willing to invest their money, or people lay attention to the details, then you can now say that it's a winning business idea.

Post automatically merged: Jan 26, 2023

Before starting a business, you need a business idea but the truth is that not all business ideas comers out successful, so how do you know your business idea is good enough to work out?

When you try to share the ideas with potential investors and they are willing to invest their money, or people lay attention to the details, then you can now say that it's a winning business idea.

 

[Shortie]

With any business idea, I don't think you ever really know if it's going to be a winning business until you try it and see. It's all about taking risks and being prepared for it to fail or maybe succeed. All businesses with have taken some kind of risk, it just depends if you want to chance it and see how it pans out.

 

[eldavis]

When you try to share the ideas with potential investors and they are willing to invest their money, or people lay attention to the details, then you can now say that it's a winning business idea.

Post automatically merged: Jan 26, 2023

When you try to share the ideas with potential investors and they are willing to invest their money, or people lay attention to the details, then you can now say that it's a winning business idea.

That's true though but there have also been cases where people invest or show interest but it still does not go as planned.

 

[Bisolami]

Before starting a business, you need a business idea but the truth is that not all business ideas comers out successful, so how do you know your business idea is good enough to work out?

The way to know is by implementing the idea
If it is successful, you will know by then

 

[cherry123]

Before starting a business, you need a business idea but the truth is that not all business ideas comers out successful, so how do you know your business idea is good enough to work out?

I think it is the one you see and have passion for. You would do better with it. just be consistent with it.

 

[eldavis]

The way to know is by implementing the idea
If it is successful, you will know by then

In other words, one simply have to take a leap of faith and see how things goes right?

 

[Imran Noori]

Before starting a business, you need a business idea but the truth is that not all business ideas comers out successful, so how do you know your business idea is good enough to work out?

You can analyze it, if it is a need for people and if there will be a high demand for it then it can be successful.

 

[cherry123]

In other words, one simply have to take a leap of faith and see how things goes right?

Yeah somethings just need you believing in it when once you believe it might just work as imagined

 

[Stardom22]

I think you can never determine whether a business idea is a successful one unless you try out that idea. Most folks have great business ideas but would not put that idea into a business because of the fear for failure.

 

[cherry123]

I think you can never determine whether a business idea is a successful one unless you try out that idea. Most folks have great business ideas but would not put that idea into a business because of the fear for failure.

This is what keep people away from winning. The fear to start when there's an avenue to move ahead and see that it works for you.

 

[LoukiaCharilaou]

All business ideas involve some risk. You will find out if it is successful or not when you try it and see your earnings.

 

[Springtime]

I would also agree that doing a feasibility study would be the best way to know if your business has a chance to succeed. I would also talk to a few business associates who I trust and get their opinion on my idea.

 

[Starmix]

When it's approved by the body during assembly or widest meeting that your idea is logical attainable and reachable by all concerned employees and clients.

 

[eldavis]

Yeah somethings just need you believing in it when once you believe it might just work as imagined

I have read similar stories like this in the past though about how people just gave it their all and luckily they where able to achieve success.

 

[oldbuddy]

If I see the money pile growing daily right before my eyes, I don't need to be a mathematical genius to make the right decision.