Wise Wednesday - Eagle's Nest

Here’s a fun thing you can do to test your business idea. Gather 4-5 people you respect (at least one person should be good in finance).

Tell them you will buy some pizza, maybe throw in some beer (wine) and they will be part of the “Eagle’s Nest.” You will do a 5-10 minute presentation of your idea – complete with handouts and unlike the show “Dragon’s Den” they will tell you what they like about your idea and where it’s strong. They will then let you know areas of concern and gaps that you need to work on. Finally everyone will take their turn in telling you what they believe will make your business “fly.”

Future entrepreneurs need reality testing – but they also need constructive feedback. The "Dragon’s Den" makes for a good show but remember most businesses have started without their support!

Cheers,

Dominik