That’s why it’s important to think about

[ariful199]

These points show that it is generally not a question of finding the solution to the problem. Evolution, not revolution, is the motto! Some people spend years working on their perfect business idea, only for it to revolutionize everything. This does happen from time to time, but 99% of successful business ideas fall into the evolutionary category. elevator pitch A good way to test whether your business idea is any good is the so-called elevator pitch. If you can “sell” your business idea in the short ride in an elevator (i.e. a maximum of 30 seconds),


you have something good on your hands. This formulation should of singapore email list course include the key points mentioned above, i.e. customer benefit, feasibility, USP and profit. You shouldn't falter or stammer in an elevator pitch like this. It has to come out like a shot and be convincing, then it's good. But be careful: No matter how good the idea and elevator pitch is, you should always remember that they are only worth something if you implement them. Think long-term! And you should think long-term with all current analyses and creative methods. It may have sounded like a great idea in 2010 to sell "vuvuzelas" for the World Cup or "toilet paper" during the Corona outbreak, but these are not long-term business ideas.



You don't build anything that will work for you in the long term and make money. That’s why it’s important to think about: How could I further develop the business idea? How scalable is this idea in the future? Which changes in the market could endanger the business idea? What are my next and next steps? Will I still enjoy implementing this idea in a few years? Is the business model behind it so stable that it will still work years from now? etc.