One fundamental aspect of the business idea are that which makes you different from others, if you do not have something unique to offer, you do not have a business idea. Our preferred definition of a business idea is (What you do better than anyone else) of course, there will always be a need for more than one coffee shop, petrol station and accounts software package in the world. You just must find a market related or geographical area with a considerable number of customers. For this reason, we have a slightly more pragmatic definition of a business idea: Always note

NB: The ability to do something better than anyone else means that you have specific unique competence. Six38ppn will teach you how. Because we know the real path to wealth.

How is your business idea?

There is a saying that goes…. If you cannot describe your business in a few words than you do not have a business at all. We don’t mind if it is more than few but if your point is clear. Your business must be brief and precise.



Your business idea should be comprised of:

The problem that you will solve
The target group who has this problem
The unique ability that makes you able to solve problems
A good business idea should be as follows:

[Name of Company] serves [Overarching customer segment] that has a need for [Customer segments most important need] because [your relevant unique competence].

For example: [Miss Potsane] serves [Media houses] that have a need to be [marketed and highly promoted] because [she studied Journalism and did Marketing Courses as well as Advertising].

TEST YOUR BUSINESS IDEA

If you are launching an all-new business idea, you can easily miss both the problem and the target group. If you do, your business most likely will fail. Therefore, you should consider the lean startup principals. Do you use resources developing products that solve a problem you think the target group has?

Working lean is the best insurance against solving non-existing problems. Continuously measuring and evaluating objectives, tasks, revenue and cost, you will easily reveal whether the market wants your product or not. So, the everyday running of your company will be the best you can perform.

However, to add another level of security, we suggest testing three various places in the method:

BUSINESS IDEA:

DO YOU HAVE A PROBLEM WORTH SOLVING?

BUSINESS MODEL:

ARE YOU SOLVING THE PROBLEM

GAP:

IS THE MARKET BIG ENOUGH?



Working with the business idea, we suggest you make sure that the target group really does have the problem you think they have. In a business model, we want you to make sure that your product or services really solves the problem. Here you must review all business aspects. Will the sale and pricing work? Have you chosen the right early adopters and partners? You must test the business model.

Finally, we recommend that you make sure that the market is big enough for you to profit from it, and that is not overcrowded by competitors. You need to do the when researching about GAP.

In the meantime, while still pondering about your next big soon to be presented business proposal please log in our social media network. www.six38ppn.com and remember this is a Venture Capital of the new revolutionized cryptocurrency Xenia Coin for more info visit us on www.xeniacoin.org. We are available on all social media platforms. Very responsive you can drop an inbox and we will make sure that we answer you accordingly.