Money Power Episode 02 - Assessing Your idea(s) & Investment Opportunities ( Do you have Gold or Coal)?
Money Power - A Show With Engaging Discussions On Everything From Business, Finance & Property To Careers
On the Show this week:
Assessing Your Idea ( how do you know you have Gold or Coal?)
Point of Note: Idea doesn't have to be Brand new:
Idea has to Solve a problem(Identify the pain point)
Size you Market
Commercial Viability- People need to be willing to pay
Price Point
Passion
Operational considerations(ops, marketing, supply chain etc)
Funding + Risk and Return consideration
External Factors Not in your control
Team/ Human talent and collaborations
(segway into Investments vis a vis Startup entrepreneurship)
similarity of entrepreneurship and passive investment side
define your investment motivation
Understand the concept of Risk Vs Return
Decide what businesses / industries you want to invest in or which you DO NOT want to invest in
DO NOT make emotional decisions
Value of Due Diligence
Investment Quotas and Diversification
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