Every company starts with a search for a business idea. You don’t come up with a good business idea in the shower because it is more than just a good idea. On the way to a fully developed business model like https://scuffedentertainment.com/harry-potter-house-quiz/ business model, it is an important intermediate step: a roughly thought-out core of a concept that is worth investing a lot of time and effort in.
Check your business idea
When you feel that your business idea is reasonably consistent, you can start examining it.
Specify your business idea
Sketch your project and describe your idea in as much detail as possible:
- Core Skills: What Makes Your Business Idea Unique?
- Offer: What distinguishes your product or service?
- Benefits: What benefits do you want to create for which target group?
Is your business idea feasible?
When examining the feasibility, legal, technical and economic factors play a role:
- Do you have the necessary skills and knowledge to implement it?
- Is your business idea compatible with the law and legal provisions?
- Do you need to get approval to implement your idea?
- Does your start-up concept promise economic viability?
Protect the business idea
The success of your company depends on your business idea. Especially when it comes to innovations or new solutions, the question arises for you as to which elements can be protected so that the lead over your competitors can last as long as possible.
Most good ideas cannot be legally protected, but rather by the fact that they fit the personality of the founder. The more individually the idea fits, the better it is protected.
Get feedback – again and again
If you have a business idea in mind, you should get feedback – from family and friends, experts, and above all from your target group. Experts for many regions are available free of charge on the start-up platform. But in the end, only your potential customers can give you reliable information about whether they will be convinced by your offer or not.
At this point, it is again important that you are not too in love with your business idea, in which you may have already invested a lot of time and effort. Be open to criticism and let the suggestions for improvement from experts and your target group flow into the work on your business idea.