The Five Ingredients of a Business Idea
Vaishali Nikhade, nailthebusinessidea.com
05 September 2016
“What would the world be today with no internet?” Stop and think for a second…
The instant world, instant internet, instant phone connections,
instant live meetings online has made it far easier to launch
a business, do research and have any information available
at your fingertips with just a “search” button.
This inspires a lot of folks to launch new businesses and come up
with business ideas.
Instant internet connection
Photograph by Blake Wisz via Unsplash
However, a business idea has some fundamentals and some ingredients to it. Think of a receipe for a cake. It needs certain ingredients, certain environment (like an oven) and once you have everything in place, baking a cake can be: guess what: a piece of cake!
There are different ways to look at things based on individual experiences. However, a business idea has five main basic ingredients that need to be considered.
To make sure, you have all of them, check out this infographic below for your consideration and see how it applies to your business idea.
Five ingredients of a business idea
Infographic by Vaishali Nikhade
All business ideas can be broken down into these five ingredients.
This infographic along with a cheat sheet to write down the ingredients for your business idea are available for a free download below by signing up.
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