We have two ideas and we are tying to choose one to move forward on. What steps do we need to take to make this final decision? Thanks.

Look at your ideas from the perspective of potential investment opportunities. I like to you the POCD framework … People, Opportunity, Context, Deal. You can google this to learn more about it. Also, before spending too much time or money on any idea, you should ask yourself: What cheap and quick experiment can I run to give me more info on whether this business will have traction?

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I have an idea and am working on my business plan - my question for you is how can I get feedback on it?

Answered by Tim Berry – Founder of Palo Alto Software

First, look for people around you who can offer useful feedback, preferably people with some experience in startups and business plans, but don't rule out people with commo... (more)

What targets do we need to have hit to have "traction"?

Answered by Micah Baldwin – Founder, Graphic.ly

its different for every business, but there should be a single (or two) metrics that you are focused on to build your business. For example, at Lijit, our focus was on page... (more)

Hi from Waterloo, Canada. As an entrepreneurial trait, it seems we come up with ideas for new business ventures by the hour. As a serial entrepreneur, how do you know or de...

Answered by Dan Martell – Founder & Investor.

The way I deal with 1000 ideas per day is to surround myself with entrepreneurs that are friends, I advise or invested in - that way I can give them the ideas and they can ... (more)

My business sells a marketing platform for Real Estate agents. I started with 8 beta customers and 6 of them have been paying for a few months generating about $200/month i...

Answered by Dev Basu – Founder, Powered by Search Posted in Sales

At that CMRR (cumulative monthly recurring revenue) I'm assuming you're probably aiming to onboard customers en mass to achieve profitability. You have two or three options... (more)

What should be the first step to start an internet business if we have the idea, the entrepreunerial on field exprience but no or almost no internet (website,platform,etc) ...

Answered by Scott Rutherford – Founder, UserVoice

Well, the internet is just a channel. Everything you know is transferable. Of course if you are trying to build a consumer internet business based on viral marketing and ga... (more)

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