Business Idea

How to Use Sneaky “Psychic Powers” to Validate Your Business Idea

by / ⠀Entrepreneurship Startup Advice / November 10, 2014

When you start a new business, you have to know what product your potential clients want first — then, you can build it. And even more importantly than simply knowing what they want, you have to know what makes your service/product/idea DIFFERENT. This is called a USP (Unique Selling Proposition). I created a great USP when I was working on one of my first products ever — a…

Is Your Business Idea Lame or Awesome?

by / ⠀Entrepreneurship / February 12, 2014

We’ve all been through moments where it seemed like we’ve landed on an idea that will make us millions of dollars. Sometimes though, our ideas are not as great as we think they are. Anyone remember the infamous Edsel car circa the 1950s? How do you work out whether your idea is awesome or awful? If the idea sucks, is there any way to rescue it? Test Your…

6 Questions to Find Out If You Have a Killer Business Idea

by / ⠀Entrepreneurship Startup Advice / January 3, 2014

I am a venture capitalist and so I have the privilege of meeting a lot of entrepreneurs, each with their own brave idea of how they will change the world. Without exception, the best entrepreneurs know instinctively their place in the eco-system in which they operate, their own strengths and weaknesses and their plan for global domination.  They are also willing and able to articulate it. Below there…

7 Tips to Generate the Perfect Business Idea

by / ⠀Entrepreneurship / October 30, 2013

Coming up with a solid idea was the hardest part of starting my business. The National Science Foundation estimated that our mind produces as many as 12,000 to 60,000 thoughts in a single day. It’s hard to even know where to begin. You may be one of those people that have tons of ideas or perhaps none so here are few tips that may help to expedite your…

Crowded Market: Is There Room For Me?

by / ⠀Entrepreneurship Startup Advice / August 6, 2013

About two weeks ago I took a call from a woman who was slightly frazzled. She had recently left her corporate life where she was chained to a desk and taken the leap to create and launch her own business – a hair dressing salon. This was actually a pretty unique call.  Usually I receive calls from people who are working in a big corporate environment merely surviving…

How to Come Up With A Foolproof Business Idea

by / ⠀Startup Advice / January 15, 2013

Lots of articles, blogs, and other entrepreneurship resources can provide helpful templates for assessing whether or not an idea could be a viable and valuable business, but there are not as many helpful techniques for how to come up with ideas that meet the criteria.  There seems to be a common misconception that all entrepreneurs have an “aha!” moment where a perfect idea hits them all at once. …

Stage 01 – The Business Idea

by / ⠀Startup Advice / July 9, 2012

See the first article in the series: Stage 00 – The Story Behind the Entrepreneur The idea was not actually that simple… it required me learning new software and going out on numerous photography expeditions to capture amazing photos of my favorite cities… but it was an idea. The initial concept was ‘design a book that not just showed readers great photography but actually showed them where it was…

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