Key Factors in Determining Whether Your Business Idea is Viable 1. Market Demand One of the most fundamental aspects to assess is whether there is sufficient demand for your product or service.

Step 2: Get all your ideas out with a mind map A helpful approach for the ideation phase is “ mind mapping,” a free-flowing process for thinking through the bigger picture of your business.

If your business is in a place where new ideas can take flight, then give them a shot. If you’re spread thin, then launching new initiatives could damage your existing product or service ...

Demand for Your Idea: A business idea is only valuable if there are people willing to pay you for it. When coming up with a business idea, be sure to complete market research and find out if there ...

What Is a Marketable Idea?. Something that is marketable is widely bought and sold or expected to help generate successful revenue in the business world. Not every idea for a business - whether it ...

5 Ways to Determine Whether Your Business Idea is Worth Pursuing Being an entrepreneur is attractive for many reasons. Some people think about opening a business all their life but never get ...

The best business ideas come from what's inside you. Henry Ford was an avid mechanic before he developed the assembly line. Bill Gates was a programmer at a young age.

How to find a business idea — and figure out if it's any good By Libby Kane Jan 18, 2017, 8:41 AM PT Add us on ...

Your journey to building a sustainable business won’t be like most processes, simply because there is no guarantee for success. All you can do is adapt your idea and see what works.