4 ms·
"But most entrepreneurs, seeking validation, ask me whether or not they should pursue their ideas. There is only one way to find out — to go do it." That is ha
by dj-wonk 14y ago
"But most entrepreneurs, seeking validation, ask me whether or not they should pursue their ideas. There is only one way to find out — to go do it."
That is hardly a strong argument! I tend to put up the red flag when I hear "there is only one way" about anything.
Of course, one cannot tell with certainty if a business idea will work or not. No one really expects that, do they? Don't ask one person and expect their opinion to be any more than it is -- one piece of information, often anecdotal and biased in some way. Talk to many people. Select them based both on your target market and diversity. Construct a mosaic of information. Think about what you learn.
If you think probabilistically, I would suggest that an entrepreneur's 'startup' decision is better framed by two questions:
1. Given your nature and interests, what business ideas are more likely to work well?
2. What are some effective ways to test (figure out) if a business idea will work?
Some good options include: get out and talk to people; sell before build; learn about your industry; surround yourself with passionate, smart, informed people; experiment; test; measure; create.