10 Rules for a Great Startup Idea1 Minute Read

10 Rules for a Great Startup Idea
This helpful infographic shows you some of what makes the best startup ideas. Below is a summary of the infographic:
  1. Have passion for your startup idea. If you’re not passionate about it, then you’ll produce a lackluster startup that will more than likely fail.
  2. Ensure there’s simplicity to your startup idea.  The more complicated it is, the harder it will be to acquire customers.
  3. Learn how to make money off of one revenue stream.  Make the most of each revenue stream you use.
  4. Make sure that your startup’s revenue model requires no more than three steps in order to make money.  You want simplicity for making money with your business model.
  5. Know your target customer(s).
  6. Know your market and be well-versed in it.  It’s best to be an expert.
  7. You want a sufficiently large market for you to tap into.
  8. The best startup ideas are unique and solve a problem or pain point in your target market.
  9. Flesh out what makes your idea bad and what makes it good.  Drop the bad and keep the good.  Keep refining your idea.
  10. Keep sharing your idea to get as much feedback as possible!

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