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Here are a couple of things to consider before starting a company prt 2
#1
Fail Fast - Can you test the idea quickly (such as an app for Apple or Android devices) or will it take a long time to develop a market-ready prototype to test with potential customers (such as science-based commercialisation idea)? Try to test the idea quickly to gauge whether it's likely to be successful, or whether you need to kill it quickly, thereby saving you money, effort and time.
People - A talented team can problem-solve at a prodigious rate. Can you build a team around you who will help get you there more quickly? Can you honestly assess your strengths and weaknesses to help you decide who else needs to on the journey with you? Big Grin
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