What are the right questions to ask oneself to decide if your start-up idea will work?: originally appeared on Quora: The best answer to any question. Ask a question, get a great answer. Learn from experts and access insider knowledge. You can follow Quora on Twitter, Facebook, and Google+.
Start-up ideas work best when they are based on your ability to access and control the necessary means required for it gain timely traction in the market and then grow to financial sustainability.
Your quest is not an easy one but when you can access and control the required means of the environment, resources, experience, and you, you will have the perfect fit or platform from which to launch a start-up idea with at least a reasonable chance of success.
For the means and fit of the environment, you should ask yourself the following questions and provide a reasoned response:
- Why is the market so fertile right now for my specific idea? What's changing? Why now?
For the means and fit of the resources you should ask yourself the following questions and be able to provide a reasoned response:
- Do I have an "unfair advantage" in this market over my competitors (i.e. market intelligence, access to unique resources, and relationships with key stakeholders)?
For the means and fit of the experience, you should ask yourself the following questions and be able to provide a reasoned response:
- Do I have sufficient experience in operating or at least working in a small to medium enterprise? How much time? In what capacity? How will this prepare me for my own start-up enterprise?
For the means and fit of the you, you should ask yourself the following questions and be able to provide a reasoned response:
- Do I have a passion for the "meaning" and "better life" that my idea is going to make for my customers? What will motive me to stay in the game when it gets tough and when success comes slower than expected?
Launching a successful startup based on an idea is no different than farming. You need to plant the right seed (idea), with the right soil (unique resources), in the right season (market conditions), with the right person (experienced), and a strong and sustainable outcome is the result.
So ask questions around these proven ingredients for success and, with reasoned responses, satisfy yourself that your start-up idea will give you at least a reasonable chance of success.