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Porter’s Five Forces

Career Advice/ Entrepreneurship

Is My Business Idea a Good One?

Not businesses are a success.

While there are many factors influencing whether or not a business will turn a profit, all successful businesses start with one thing in common – a good business idea.

Aspiring entrepreneurs often run in circles, trying to figure out whether or not their latest hare-brained startup inspiration is financially feasible.

Will the business model work? Will it turn a profit? Will customers support their new business? Is there any way to know whether or not their business idea will work before betting the farm?

Good news: Entrepreneurs have a framework for testing business idea feasibility without diving in head first.

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