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Friday, May 2, 2008

Business Idea

- Assessing Business Risk -
"It is important to recognize that no matter how much you work on your business plan, there will always be unexpected twists & turns".

- Assessing The Capabilities -
"Another basic ingredient of entrepreneurial success is a good understanding of strength & weakness".

- Assessing The Competition -
A product or service doesn't necessarily have to be unique, but you have to think of yourself as providing a distinct set of benefits to customers".

- Building A Team -
"The people you want on your team should be individuals who are willing to put some skin in the game, who are looking to build something and who are willing to take necessary risks".

- Building the Plan -
" Planning is crucial for effective execution. Planning gives you a better command of the details you need to pay attention in order to make the plan happen".

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