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Be Willing To Kill Your Idea
July 3, 2008 | Leave a Comment
If you’re like me, you love to come up with ideas. Inspiration strikes at any time and you immediately start to mentally construct the b-plan. What are my startup costs? What capital do I need to start this? What inventory will I need? What will be my distribution method? What will the company’s name be? What is the target demographic? How much do I need to sell in order to break even? Who do I know that would fit great on this team? If you’re not asking yourself these questions, you need to take your idea to the next level and start asking them! Not only do you have to ask all of these questions, write up your answers, run the numbers, and ask yourself whether or not you would be passionate enough about this idea, but also you have to ask yourself if this is feasible and worth your time.