Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas. In fact, investors will tell you that ideas are worth nothing, outside the context of a real team with a real plan.
In fact, you can find websites on the Internet offering thousands of new business ideas, including “Cool Business Ideas,” “Ideas Watch,” and “Business Opportunities.” Amazon offers a multitude of books with free ideas, such as “Small Business Ideas,” and “Business Ideas: 100 Starting Points to Make Money.” In addition, we all have friends who harbor a few million-dollar ideas.
