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How to evaluate business idea

TusharTushar subscriber Posts: 1
edited May 2008 in Business Planning
Hello Everybody,
 
I have few  ideas for web based businesses. I do want to pursue those however before spending time and money, I would like to get some feedback/evaluation from some venture capitalists/investors or people experienced in startups.
 
I would be very grateful, if you can give me some ideas regarding getting my ideas evaluated.
 
Thanks and regards
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    robertjrobertj subscriber Posts: 0 Member
    Tushar,
    If you are looking for feedback from investors - the advice from professional investors will likely include:

    Get some market traction
    Build a professional team
    If you are looking for input regarding "next" - we tell our clients:

    Define the problem you will be solving (some folks describe this as where is the pain)
    Determine who has this problem
    Talk to those folks - validate their level of "pain"
     
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    kathleenfasanellakathleenfasanella subscriber Posts: 0
    The more specific you can be, the better. I could go on chapter and verse if it were apparel industry related. It depends on the business.
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