How do I know if my business idea is good enough?
I want to start a tree planting business. It is for a good cause. I would like to prevent global warming. But I don't know if my business model or idea is even good enough. I believe in my cause but I would like validation for my idea. Any business advice?
This sounds like a great cause! If you are considering turning your idea or side project into a business, there are several steps you can take. I think it would be a great idea to first reach out to your local community and assess the immediate need for your business idea. For more advice on determining if your idea it good enough, check out this helpful article my colleague wrote: https://www.business.com/articles/business-idea-good-enough/
When you are cooking up an idea, you need to do thorough market research around the factors that can influence your business. You need to observe and analyze the following: a) target audience, b) competition, c) need/want/demand, d) cost of resources, e) funds, f) logistics. Of course, there may be more factors that you may need to consider depending on your niche.
I suggest, instead of simply heading online to read about what others have written, do your first-hand research to study the local market more carefully. Once done with data collection, try to expand on your idea. Develop it further so you know exactly what your idea is and how will it help and why should people invest in it.
Hi, it's a great idea that you are working towards but the first thing you need to do is get that business idea validated so that you are totally sure.
Use a business idea validation platform which gives you expert advice and mentors which are verified users to know if your idea will work out.
Research on it. Go and meet a person who is doing things related to your idea.
Business needs to be profitable to both ends.
You can not convert everything into a business. You can do tree planting as a service not as long as a business. (In my point of view) grow your idea planting tree into making small garden or city forest or city ecosystem or terrace garden. Think in every point of view. Finally, we doing business only to make a profit with customer satisfaction. If you think you will get satisfied with your profit... go ahead!!!
It’s a business – can you make money doing this? Start with a business plan and see what it looks like before you assume you're on a mission to save the planet. I would lean towards disagreement with your method of validation.
There's significant evidence that points to the contrary regarding deforestation and trees….
Scientists at the University of Maryland analyzed satellite pictures showing how the use of land on Planet Earth has altered over a 35-year period. The study, published in Nature journal, is the largest of its kind ever conducted.
The research suggests an area covering 2.24 million square kilometers - roughly the combined land surface of Texas and Alaska, two sizeable US states - have been added to global tree cover since 1982. This equates to 7% of the Earth’s surface covered by new trees.
But what may sound like good news for the planet actually represents mixed news for the environment?
The findings may appear to contradict the long-established view that forests are being destroyed. A report from the UN’s Food and Agriculture Organization, for example, says there has been a net loss of 1.29 million square kilometers of forest between 1990 and 2015.
The Nature study’s lead scientists Xiao-Peng Song and Matthew Hansen agree the planet has lost large expanses of tree area, largely in the tropics.
They recorded 1.33 million square kilometers of fallen tree cover between 1982 and 2016, mostly through land clearance for agriculture, forestry, and urban development. But they also point to tree cover gains that more than compensate for the loss.
Some questions to ask yourself:
1. Does it solve a real problem?
2. Would you buy/read/like it?
3. Has anyone told you its a great idea?
4. Is anyone else doing it?
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