🚫 Stop investing in toxic ideas!
I know, false-positives can look promising and tempting. But you have to watch out to avoid money pits:
💎 Validate the market: Research your target audience and market demand to ensure the idea is truly viable.
💎 Assess the competition: Understand the competitive landscape and determine if your idea offers a unique value proposition.
💎 Scrutinize financials: Calculate the projected costs and returns to ensure that the idea makes financial sense.
💎 Collect data: Gather relevant data to continuously evaluate the idea's performance and potential for success.
💎 Force regular decisions: Periodically review the idea's progress and decide whether to pursue it further or pivot to a new direction.
Stay vigilant and make informed decisions to avoid costly mistakes!
