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A Quick Test On Your
Business Concept
Let’s be honest with each other:
Not all business concept and idea works
Being optimistic is great, but when there
are so many things at stake like money,
human resources, relationships, etc., you
might want to tone down your optimism
and get a reality check
• Am I Really Interested In This?
Make sure that you are committed and
passionate enough to stick with your
decision till the end before starting anything
• Is Anyone Else Interested?
A business concept cannot sustain or take off
in a market when no one but you care about it
• Will People Pay For This?
In order for customers to open their wallet,
your idea or business concept must tap right
at a need of them that hadn’t been fulfilled by
any other businesses in the market
• Why Now?
Is now the right time to
carry out this idea? Timing
can be the make-or-break
factor for your business
• Why Me?
What makes you the best candidate to carry
out this idea? What resources do you have
that can help you bring this concept to life
successfully?
Only when you can answer all these
questions to your satisfaction can you
go on to set up your company and start
trading in the marketplace
Share your opinions by
clicking on these icons
Questions, Comments or Clarification?
Contact: Maverick Mentoring For Business
Email: peter@maverickmentoringforbusiness.com.au
Phone: 61 3 9005 8275

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A Quick Test On Your Business Concept

  • 1. A Quick Test On Your Business Concept
  • 2. Let’s be honest with each other: Not all business concept and idea works
  • 3. Being optimistic is great, but when there are so many things at stake like money, human resources, relationships, etc., you might want to tone down your optimism and get a reality check
  • 4. • Am I Really Interested In This? Make sure that you are committed and passionate enough to stick with your decision till the end before starting anything
  • 5. • Is Anyone Else Interested? A business concept cannot sustain or take off in a market when no one but you care about it
  • 6. • Will People Pay For This? In order for customers to open their wallet, your idea or business concept must tap right at a need of them that hadn’t been fulfilled by any other businesses in the market
  • 7. • Why Now? Is now the right time to carry out this idea? Timing can be the make-or-break factor for your business
  • 8. • Why Me? What makes you the best candidate to carry out this idea? What resources do you have that can help you bring this concept to life successfully?
  • 9. Only when you can answer all these questions to your satisfaction can you go on to set up your company and start trading in the marketplace
  • 10. Share your opinions by clicking on these icons
  • 11. Questions, Comments or Clarification? Contact: Maverick Mentoring For Business Email: peter@maverickmentoringforbusiness.com.au Phone: 61 3 9005 8275