Education, line extensions, profit margins
Education: Do people understand when you explain your concept to them? Educating the consumer can be expensive and time-consuming.
Line extensions: One new idea doesn't make a business. Consider how you can expand your idea into a line of products.
Profit margin: After all the expenses required to bring your product to market, can you live on the money left over?
Experience: Do you have the necessary skills to launch a new idea, and can you build a team to help you?
Money: Are you prepared financially?
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