Evaluating Criteria for your Web 2.0 Business Idea

August 8, 2008 | 7 Comments

I’d like to start a discussion about evaluating your business ideas — and determining which one to run with and build a start-up out of.

What criteria do you feel are important? How can each of those criteria be evaluated?

Here’s an initial list of what I’m thinking:

  1. Competition - who’s doing it, or similar, and what’s your competitive advantage?
  2. 1st User - how do you get user #1?
  3. Cost
  4. Time to market
  5. Ease or Difficulty of executing on the idea with your resources (team, funds)
  6. Virality - can it quickly grow
  7. Revenue - when and from where
  8. Content generation - will users be generating the content? will you?

What other factors do you think?

Posted by Steve Poland | Filed Under Ideas