This is Part 4 of our four-part series on Testing Your Muse. If you haven’t already read part one, part two or part three, you will need to go back and read them. By now I’m sure you’ve begun to see the value of testing your ideas before you get your ideas off the ground. By using SWOT and the 4P’s, you’ll make sure any investment that you do choose will be backed up by the best research out there. As I said before, it’s your life, not Vegas. Therefore can a non accredited investor invest in a startup.
Can A Non Accredited Investor Invest In A Startup 2020
What if we’re not satisfied with the outcomes of the test? Firstly, we must remember that this was the purpose of the test – to test before we invest! If the test didn’t yield the results we would like to see, that’s part of the process. Imagine if we’d gone ahead without testing – what a waste of money, time, and effort. So, our “failed” test is just one step to our success can a non accredited investor invest in a startup company
Every Test Is a Success
The next question is now, “Okay, that idea tanked. Now what?” That’s a perfectly valid question. The key to moving ahead in this kind of situation is to figure out why the “Idea of the Century” could possibly not fly. Between SWOT and the 4 P’s lies your answer. There, you’ll be able to isolate those areas where your idea is weakest, and strengthen them.
Let’s look at each point and see what comes up. Strengths: If research indicates that your product or service doesn’t have enough going for it to really stand out, you’ll know exactly what to improve. Weaknesses: The problems with your idea may scare people off or make the thing too risky. Having a clear way to quantify the weak points of your idea will come in handy in the long run.
Opportunities: You might find that the market just isn’t ready for your idea. You’ll need to focus more attention (and perhaps capital) than you originally thought to find the right market, but it might just make the difference.
Trends: A campaign to start a new trend might be exactly what it takes to get your product launched. Research never lies, it just shows you what you need to focus on. This way you’re able to make every test, even a disappointing one, into a success. can a non accredited investor invest in a startup
Next time, we’ll look at the 4 P’s and see what they can teach us even when things aren’t going right. So, look back and reevaluate.
And then, test again.