10 Rules for a Great Startup Idea – Kevin Siskar

10 Rules for a Great Startup Idea – Kevin Siskar

I believe everyone should start a business in their lifetime. Whether selling lemonade in the driveway at 6 years old or making handmade greeting cards at 60, it’s an opportunity everyone should experience. So these 10 rules are for anyone who’s ready to take that first step.

My favorite rule is number 10, “Share your idea”. I often hear one of the two following concerns from apprehensive entrepreneurs, “I don’t want to jinx it” and “I don’t want someone to steal my idea”. First, I’m a strong believer of speaking things into existence, you never know how the person you tell can help you move forward! Second, unless you just invented the next Facebook and have a set of twins at your job snooping around you computer, it’s highly unlikely.

So read the rules and get started! You never know where your business will take you unless you start it!

ShareMe

Someday, I’ll start a business. Someday…
Here’s a summary of Kevin Siskar’s Article on 10 Rules for a Great Startup Idea which I strongly agree.

Link to Original Article on Huffington Post

1. You are a Passionate About It
…As Elon Musk famously said, “Being an entrepreneur is like eating glass and staring into the abyss of death.” If you don’t have the requisite passion, your chances of seeing a project through are minimal…
2. It’s Simple
…All the great businesses of our time have started with an incredibly simple idea, and then expanded upon that. If you can start by solving one problem, with one product, for one customer, you will be sufficiently focused and can have a great foundation for success…
3. One Revenue Stream
…In the early stage, you need to be laser-focused on one revenue stream, and your idea needs to have a clear, singular revenue…

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