How Do You Determine If a Business Opportunity or Idea Is Worth Committing To? | Ask Clay Anything

Business Coach | Ask Clay & Z Anything

Audio Transcription

In this special podcast only episode of the Thrivetime Show Dr Z and business coach Clay Clark will get into what they look for in a new business opportunity.

Show Notes:

  1. Clay:
    1. People You Like
    2. Profit You Would Feel Good About
    3. Product / Service That You Would Sell Your Mom
    4. NOTABLE QUOTABLE – “Business opportunities are like buses, there’s always another one coming.” – Richard Branson (Billionaire Founder of the Virgin brands)
  2. Marshall: When you are hunting elephants don’t get distracted chasing rabbits
  3. Chupp: Make sure it is a good deal for you
    1. “An elephant for a dime is only a good deal if you need an elephant and you have a dime.”
  4. Z:
    1. Look at the numbers
    2. Look at the business plan
    3. Know what your role will be
    4. Make it worth it.

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