Nov. 25, 2020

20. Finding and Refining your Business Idea with Melinda Livingstone of IncomeConnection

20. Finding and Refining your Business Idea with Melinda Livingstone of IncomeConnection

Melinda Livingstone is the Founder of IncomeConnection, which helps you find your side-gig or business idea and gives you the tools, insights and professional support that you need to set yourself up for success. On this episode of CFO at Home,...

Melinda Livingstone is the Founder of IncomeConnection, which helps you find your side-gig or business idea and gives you the tools, insights and professional support that you need to set yourself up for success. On this episode of CFO at Home, Melinda and Vince discuss questions to ask yourself to help find your business idea, ways to evaluate your business idea, and more.

 

  • Key Takeaways
    • Questions to help you find your business idea (full list available here)
      • What did you aspire to do or enjoy doing when you were a child/young person?
      • What problems do people seek your advice about professionally and personally?
      • Identify underserved niches that you may have particular insight into. 

 

  • How to evaluate your business idea 
    • Is the idea a fit for me?
    • Does the idea solve a real customer problem?
      • Create low-cost prototype to test idea
      • Use resources like Answerthepublic.com to identify questions that people are asking about a particular topic or Googletrends to find  if interest in a topic is increasing or decreasing 
    • Will the idea make money?