Service business ideas are a dime-a-dozen. The question is: Which ones will be successful?” One way to find out is to implement the idea. Another is to do the math before taking even the first step.
Watch this comic scene from Opportunity Knocks in which a businessman uses careful logic as he stumbles into a business venture.
Your service may not be what you think.
Consider, for example, how much would someone be willing to pay to listen to Beethoven’s Ninth symphony? Would it be:
- $1 for an MP3 on iTunes?
- $20 for the CD?
- $200 to hear the NY Philharmonic live?