Comments on: How To Analyze A New Business Idea

By: Opportunities from home

Opportunities from home — Fri, 08 Apr 2011 13:07:56 +0000

Hi all, thanks for this useful post. I think some research is important. Better is think before then after. Have a nice day.

By: Brian Armstrong

Brian Armstrong — Sun, 04 Jan 2009 00:01:19 +0000

I think you’re right. Being significantly cheaper can be a workable benefit.

By: Matt Thomas

Matt Thomas — Sun, 21 Dec 2008 05:34:40 +0000

Brian,
Interesting post. However, I slightly disagree with point # 1. With ever-improving technology, it is possible there is a very valuable opportunity (ie: cost savings) that isn’t that apparent because everyone is used to the status quo. It may take someone to recognize a better way of doing something that could be game-changing to the industry. So the problem might not be apparent until you can offer a product or service significantly cheaper than everyone else since you have discovered a more efficient way of doing something.

By: AWESOME Photos From The Web 2.0 Venture Forum

AWESOME Photos From The Web 2.0 Venture Forum — Sat, 13 Dec 2008 01:33:51 +0000

[...] a real problem and if you don’t have a MAJOR benefit over an incumbent don’t even try (there were too many people trying to copy YouTube and [...]

By: Brian Armstrong

Brian Armstrong — Wed, 10 Dec 2008 15:56:28 +0000

That’s true Caroline. What’s funny is that I often see people ask others for their opinion of a business idea, and then when it isn’t what they wanted to hear they get defensive and argue with the person about it!

It’s not easy, but just taking their reaction as feedback is valuable. If one person reacts that way, chances are others will too.

By: Caroline

Caroline — Wed, 10 Dec 2008 13:32:31 +0000

You should always take the time to do your research, whilst you may think you have the latest thing since sliced bread an impartial person will be able to give you a fresh perspective.

By: Home Based Business

Home Based Business — Wed, 10 Dec 2008 05:58:14 +0000

Home Based Business Blog is a great resource of information for those looking to start a Home Based Business or seasoned veterans of creating your own home based business.