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Tutorial Part 1 - Is Your Business Idea Worth Pursuing?

In Part 1 of this tutorial we ask some preliminary questions about our business idea to determine if there's really an opportunity worth pursuing ...

   


What Product Or Service Are You Going To Sell?

Take out your pen and paper and briefly state what product or service your business idea is based on.

 My product or service is ...

 

(write your answer down ...)



The Source Of Your Business Idea


In this section you briefly state where the source of your business idea comes from.

 My business idea comes from one of the following ...

  • Work / Experience
  • Hobby / Passion
  • Invention
  • Invitation
  • Casual Observation
  • "Eureka" experience
  • Active Search

(write down whichever of the above apply ...)



The Basis Of Your Business Idea


In this section you briefly state what your business idea is based on.

My business idea is based on ...

  • Filling a gap in the market (there is no business supplying a product or service for which there is a clear demand)
  • A new product or service for which a demand might be created

The type of business my idea is based on is ...

  • New technology
  • Emerging lifestyle
  • Commonly required product or service
  • Other

(write your answer down ...)



The Tutorial "Part 1 - Is Your Business Idea Worth Pursuing" continues on the next page ...

For more information relating to starting a home based business, or small business, please visit our "resources" section, or go to articles about business startup.

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