Questions to Consider When Assessing a Business Idea

As we’ve posted several times before (see, for example: 1, 2, 3), coming up with good ideas and then assessing which ones to move forward on is a difficult process. With that in mind, let us consider these comments from Jane Porter, writing for Entrepreneur.com: “You’ve got a business idea you’re jazzed about, but aren’t […]

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Don’t Pooh Pooh Any Product Ideas Until You Think Them Through

A solid, high-potential, innovative idea for a new product may not be recognized as such at the start. So, don’t laugh at any idea until it has been carefully examined. As Knowledge@Wharton reports: “At Reebok, the cushioning in a best-selling basketball shoe reflects technology borrowed from intravenous fluid bags. Semiconductor firm Qualcomm’s revolutionary color display […]

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Finding and Acting on the Best Business Ideas

As one of America’s most famous inventors, Thomas Edison, once said: “Genius is one percent inspiration and ninety-nine percent perspiration.” So, how does one become a product-innovation genius today? According to Scott Belsky, writing for Entrepreneur: “Ideas for business — good and bad — tend to proliferate at a dizzying speed. But how exactly do […]

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