Ep 197: Is your business idea actually business-worthy?
Jul 27, 2023
So many people who dream of starting a business, wonder if the products or service they want to offer are ACTUALLY something business-worthy - meaning: is it something others will value AND pay money for? Is this you too? If so, today I share 3 steps for determining if what you want to offer is actually worth turning into a business.
Today I talk you through this. And share with you 3 things to consider which will help you determine whether your idea is actually one that you COULD turn into a successful business :)
1. Has what you want to offer helped you OR someone you know? Has it made a difference for people - meaning: did it save them time, energy, money, etc? Did it help them do something in a more effective or better way? If so, this is a good sign that this could be a business :)
2. Are there businesses around you offering this? This is a good sign if there is because that means there is demand & people are paying for it. If not, you may need to talk around & figure out why.
3. Have you asked people if your product/service is something they would buy...AND have you offered your products/services even at a discount to see if they ACTUALLY will pay for it? This is the step MANY new business owners overlook...you have to see if people will give up money for what you want to offer :)
Listen today to get more insights & dig deeper into each of these 3 steps!
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