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