Dare I mention it again? Chris Guillebeau, author of “The $100 Startup” has an excellent tip on how to evaluate your business ideas to determine which ones you should focus on.
He lists all his ideas and then rates them on a scale of 1 to 5 based on the following criteria: Impact, Effort, Profitability, Fit with Vision.
Then he totals up all the scores, and the ones with the greatest impact, profitability, etc. float to the top and the other ones that don’t meet his criteria end up on the bottom. I plan to do this for myself with the trillion ideas I have floating around in my head. Don’t worry, I won’t write them all down at once.
I hope you find this information useful. And sorry, I can’t help myself. I don’t like to spend full price on books and seldom do. That’s why I picked up The History of Furniture for $5 (and was later disappointed that they dropped the price to $2, and no I haven’t read it yet.) So, I just have to say The $100 Startup is worth every penny of the full price I paid for it. Hopefully, it will be worth more once I actually start to follow through with it.
Until next time. Write those ideas down. And if you have any input or suggestions, you are welcome to comment.
If you haven’t already done so, check out the Business Link website. It provides all the information you’ll likely ever need to start a business in Alberta. They offer sessions throughout the year on everything from business plans to marketing and much more. They are sponsored by the Government of Alberta and a great place to start. They also have networking sessions as well.
Some of the upcoming Business Learning sessions that the Business Link in Edmonton is offering are:
- Improve Your Profitability! Leverage Your Customer Advocates on Thursday, November 29, 2:30pm-4:00pm
- Small Business Bookkeeping and Payroll on Tuesday, December 4, 9:00am-11:30am
- Start Your Business! on Wednesday, December 5, 1:00pm-4:00pm
- Income Tax Basics for Sole Proprietors & Partnerships on Tuesday, December 11, 9:30am-11:30am
These are just a few of the titles. Prices to attend vary according to the workshop.
They also have an office in Calgary for those of you located closer to Calgary.
In addition, they have a large library of business resources that you can check out.
Further to an earlier post, I actually went out and bought the book “The $100 Startup” by Chris Guillebeau. I haven’t exactly made my first $100 (although undoubtedly he has, as I spent $26.95 on the book). However, I don’t regret it. He has a lot of good advice and research. In all my research, (which I excel at), I have discovered the greatest advice comes from Nike, “Just do it!” Continue reading