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Home > Think Enriched > How to know if your business idea is a good one. (And what to do when it's not.)
Podcast: Think Enriched
Episode:

How to know if your business idea is a good one. (And what to do when it's not.)
Category: Kids & family
Duration: 00:28:13
Publish Date: 2017-01-30 04:00:00
Description:

You hear people saying all the time, "I invented that product!"  Or, "I should have started this business a few years ago..."

Don't be that person.  

 

Get that in your purse:

Check out the CreativeMarket.  

This site easily helps you find domain names as you are setting up your business model. 

Speak the Lingo:

Today's Leadership Lingo Term: Achiever

I just did the StrengthsFinder test.  One of my top strengths, Achiever, has been on my mind all week.

Achiever vs. Overachiever

It's great to be an achiever.  Most women I spend time with are achieving high-ended goals and completing their own list of tasks daily.  What about over achievers?

Habits of Excellence:

I use a Passion Planner, we've talked about this.  You get a discount using code AROBLES10 when you order yours (through January 2017.)

However, I can still get lost in the distraction of the time chunks.

This week's Habit of Excellence: StoryBrand Productivity Schedule 

Released January 2nd... this has been revolutionary for me. Here's why:

  • Think of my day in reverse.
  • Assigning tasks rather that time.
  • My life theme.

This one tiny habit has helped me get to that deep sleep faster.

Today's focus:

How to know if your business idea is a good one.

Do:

  • Research Amazon/ Google
  • Ask specific questions to potential clients/ customers
  • Look at prototypes/ move toward an offering.
  • Consider funding, manufacturing, etc.  Write the plan down on paper.
  • Determine company name, set up a website, check social media names, brand colors

Do not:

  • Take out a loan for the "business idea"
  • Order business cards
  • Tell everyone at the family reunion that you started a business
  • Publish your website...yet

These first few steps are how you'll be able to determine business concept.  

Take the first few ideas for your business concept, send them to me, amy@thinkenriched.com for honest feedback. 

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