Ideas are the basis of potential business opportunities. Good ideas do not necessarily represent good opportunities (that is, actual business opportunities).

For more on validating your business idea and seeing if you actually have a solid business opportunity, check out our article Going Beyond the Napkin: How Do You Know If Your Idea Is Any Good? and our free downloadable Business Idea Validation Checklist.

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Bplans GlossaryBplans Glossary

At Bplans, it's our goal to make it easy for you to start and run your business. Our glossary of common business terms will help you learn about key small business and entrepreneurship topics, to help you plan, fund, and grow your business.