What makes a successful small business idea?
• It must have a cash flow model that allows the business to survive and flourish. • It must serve or provide a solution to a problem that is relevant. • It must have innovation built in. • It must be profitable enough to finance growth, innovation, and returns. • It be light enough and profitable enough to allow for blunders. (There will be Some) • It must be “niche” enough to be excellent, and broad enough to expand and innovate. • The market needs to support the above points. In a nut shell a successful small business idea has to provide a product or service that solves or provides a solution to relevant problem. The business ideaneeds to have a cash flow model that is lightning fast. The successful idea will be specific enough to immediately serve an in demand need, AND flexible enough to expand into peripheral needs and opportunities in the market place. The most successful small business ideas use a light, or simple frame work. Cumbersome infrastructure or expensive processes wil
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- What makes a successful small business idea?
