Research existing businesses

ragu · updated · flag

It is very common for people to come up with the same ideas. And only a few get to execute them. And among the few only a few survive and hold their ground in business. So before you proceed to write down your idea, answer these questions.

  • How many products/services exist in the market that solves the same problem?
  • How good are they performing?
  • How efficient are they doing it?
  • What can you provide that is different and welcoming from them?

These questions will help you identify if your idea is ready for the battle or not.