This is an evolving list I made for myself, it is by no means complete, I will keep adding to it as time passes I’m sure. Enjoy. Someday I may elaborate on each point in more detail….
The business idea…
- Must be easy to explain & understand
- Must solve a significant, proven pain point
- Must have a large market ( to grow up to $10M+ a year)
- Must be in a growing industry (ride the wave)
- Target customers must have money (not broke)
- Potential customers must be easy to target
- Must be automatable
- Must be a recurring revenue model
