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Home Resources Idea & Opportunity
IDEA & OPPORTUNITY > 5 questions to ask
Is it a good idea? 5 questions to ask
01.  Is the number of potential customers, in other words the market, large and growing?
02.  Who is your customer and what is his or her problem, specifically, that you plan to solve?
03.  How are these people currently solving their problem, that is, what is your competition?
04.  How much better or cheaper are you than your potential customers' current solution, and can you maintain that advantage?
05.  And, most importantly: are you and your team suited to this task - do you have the right knowledge and network in this industry? Are you passionate about the problem or industry?
ADDITIONAL LINKS
> Definition: What are ideas & opportunities?
> In- depth information on analyzing opportunities can be found in the article How to know - is this a good idea?
> Straight talk: Can creativity be taught?
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AdditionaL Resources
> Definition: What are ideas & opportunities?
> Is it a good idea? 5 questions to ask
> Feature story: The artist and the entrepreneur
> ST: Criticism: Ignore it? Ban it? Or fight it?
> In-depth: How to know - is this a good idea?
> In-depth: Negotiating with VCs
> In- depth: How to make your heavenly match
> Over 100+ useful links on Idea & Opportunity
> Creativity Exercises
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