Here is a frequently asked question… I have great ideas… and I want to know how to start my own business.

We come every day with many ideas, some of which we are very excited about, and we are quick to tell our friends about and invite them to participate with us in their realization…

But is this the right way to start a new project?

We had spoken in an earlier article about the fact that entrepreneurship is not a science in the known sense, but a transfer of other people’s experiences and experiences, both successful and unsuccessful. (You can review the article Is entrepreneurship a note?)

Therefore, your first and most important advice at the beginning of your project is that you do not ignore the tips, experiences and experiences of others, of course it is not a final judgment, but it will save you a lot of mistakes, money and most importantly it will save you a lot of time.

Now let’s get to the heart of it.

I have a great project idea… How did I start a project?

There are many ways to answer this question…

But here we designed a simplified model, based on many other models and experiences, that focuses on the practical study of the idea (and a little theoretical) and is designed in such a way that this study is quick and does not take long to judge the idea and answer a question.

Shall I go on or not?

Usually the founder starts the idea, admires it and proceeds to implement it quickly. But the real-life cases proved this to be WRONG.

Step 1: Think about the NEED

The need here is often deceptive; I see “me” or some of those around me who need this very badly, leading to a false assumption that there is a great need for this False positive project.

So we will explain in detail how we measure the need correctly and practically.

Step 2: The power of IDEA

Every idea owner is biased to his idea, this is an undoubted fact.

This often misleads us from the power of the real idea.

In this step, we will learn how to measure the strength of the idea, the size of the market, the potential profits, and the existing and potential competition.

Step 3: My ability to implement the idea My ability

We often see strong ideas, and they have a broad market and a real need, but their owner is not the one who is eligible to implement them right now.

This step is often overlooked by the founders, due to diving into details, figures, analyses, and the search for funding.

So we will learn how to measure this in a practical way that is not subject to emotion.

Summary

• Before you get excited about your idea and go for it, study it first
• Hassam Triple Model is a simplified model based on the study and experience of many other models
• Start studying the need
• Then study the power of the idea and the size of the market
• The most important point is to study your current potential and capabilities to implement the idea