Why My Idea Suck

http://whysgentrepreneurssuck.com – Interesting site by a very thoughtful and rational person (whoever he/she is ). I was thinking of being evaluated on the “suck” level at a later stage, but just discovered I got featured in this article and being mentioned (in a negative light) haha.

Well, in short, if I were to launch other kinds of products (eg: biomedical, enterprise software solutions), I would do the proper due diligence for the market research, eg: finding out the disease’s incidence rate, current efficacy of treatments, profit margins, market size, etc.

However, this idea is fascinating to me on many levels. And while I do not have the resources (or ideas thereof) to conduct the focus groups, feedback is encouraging. Aside from this, we have done competitive analysis, and do have some indirect and circumstantial evidence of the validation of this business idea.

Anyway, all I can is that we’re working hard on this idea and transforming the dream to reality. I have no illusion that this venture will work out 100% like a pitch-perfect musical instrument. If I wanted to do that route, I would do something “safer” and less interesting like consultancy, retail, enterprise software. Being the practical Singaporean, neither am I impractical to be navel-gazing at it all the time, and not be unaware of other opportunities.

Many thanks for the suggestions though. Will keep your criticisms and feedback in mind, I am always willing to learn.

Good luck for own your venture as well, sounds promising!