When you have an idea and make the idea public, one of three things will happen, and what you should learn from each one… 1. Everyone will ignore the idea – What could this mean… Your idea did not fill a need or a desire. The conditions may not be...
Innovation is the successful exploitation and execution of the opportunity of an idea within a business model. Innovation – This is the space following an idea generation session (creative thinking, brainstorming, etc.). Innovation deals more with quality,...
Smaller sets are manageable – whether they are people, projects or things. We’re able to see them in their entirety. We understand the dynamics, processes, resources and forces involved. And we have a greater and more intimate control over the smaller...
Every successful entrepreneur has his own criteria for measuring the success factor of an idea for starting a business. There is also value in studying how others make decisions. Norm Brodsky, a veteran entrepreneur who founded and built half a dozen large companies,...
No entrepreneur wants to waste their time developing a business idea that will only end up flopping. Here’s a simple test to determine whether your idea has a chance of becoming valuable and desirable, or you’re just wasting your time and resources. The...
