Question

Stress test :How do you know whether your idea will succeed in the real ? this question based on fuji company documentary

Answer 1

Business Ideas are a part of our “Imagination”. Albeit, the imagination here has the backing of the business founder. It is still “an idea”.

What makes the business idea good or not?

Nothing. Ideas can never be given the status of good or bad until and unless they are tried or tested. (even at a small scale).

To give a “good or bad” status to your idea, you ought to validate the idea by conducting some surveys. Asking prospective customers about your idea and if possible, building a prototype to turn idea in to something concrete.

I have heard some wonderful ideas and some B.S Idea. When these ideas turned into reality (a rare sight), they have proven me wrong. The wonderful ones turned in to B.S products and B.S ideas went on to become wonderful products.

So you see Sir/Ma’am. The difference lies in execution of idea and validating it before implementing.

In between, 90% of the ideas never see the light of day and remain at the “stage” of being “ideas” which have no value in today’s world.