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”