Identifying Winning Business Ideas

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Credit: Profit Growth Image via Shutterstock Charlie Harary, founder and partner of investment firm H3 Co. said that while there are many ways to solve problems, great business ideas do it in a way that is less expensive than what the market will endure.. For more deon our methodology, see the sidebar "Our Research on Innovation." From that information, we created threeytic tools to help managers know a winning business idea when they see onew.ver the markete it occupies or creates..A new business venture could be quite a costly exercise if it does not succeed the way you'd hoped it would. That's why it's important to take every step to ensure that your business idea can and will make you a pretty penny at the end of every day. Talk about your business ideas A good idea is simple..The key to coming up with business ideas for a new product or service is to identify a market need that's not being met. For example, back in 2004 a Harvard University psychology student named Mark Zuckerberg recognized a need for a campus-wide social-networking website that would allow students and staff to share personal profiles and .

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