Evaluating business ideas for college or university leaving graduates

Long Beach, Kommetjie. Photo Copyright by Chesney Bradshaw
Long Beach, Kommetjie. Photo Copyright by Chesney Bradshaw

You get people shouting stuff about small business ideas all over the Internet. One guy was screaming to get attention with the statement that an idea is 1% of success while execution is the 99%.

There is also that statement about 20% or even a lower 10% of ideas succeeding in their first year. This has merit when you consider that the study found that venture capitalists only express interest in fewer than 5% of new start-up idea proposals they review (Source: “Are “better” ideas more likely to succeed? An empirical analysis of start-up evaluation”). Continue reading “Evaluating business ideas for college or university leaving graduates”