How to test your idea
Ever pursue an idea for days, weeks, or even months only to find out it was a huge flop? We all have. Have you ever pursued a business idea only to have it flop? When you invest your money into an idea, it hurts a whole lot more. Prevent that from happening by checking out this Innovation Weblog post, which offers five questions you can ask to test the commercial feasibility of your ideas. For example:
Is there a plausible hypothesis about an economically attractive, scalable business model?Answering this question doesn't require a detailed financial model, but it does require a sensible story that's at least conceivable - an a plan to turn that hypothesis into reality.
Full story at Innovation Weblog.
