I am about to exit a company that bought my business 5+ years ago. I plan on taking a year off to regroup and think about what is next. I have fallen into my other ventures, I have money to keep me going for quite a while, but I want to start working on the next big thing, but not really sure where to start. With no real industry in mind what is your suggestion for looking at a new venture / start up?

Ideas come from inspiration … inspiration comes from people … network like crazy, especially outside the circles you normally frequent and devour all the content you can on-line … chances are, your creative juices will start to flow and you will likely discover interesting new business opportunities.

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starting a company that addresses a lack of information when buying and selling residential real estate. I need to test the idea for it's potential without losing my hold o...

Answered by Dan Martell – Founder & Investor.

Don't worry about someone stealing your idea. Worry instead that there's 3 companies already started working on this and about to launch. That's more likely to happen - a... (more)

Hi Dan It looks as though I will need to be filing bankruptcy in my business. We are laying the groundwork for the start up that is a slightly different business model. The...

Answered by Dan Martell – Founder & Investor.

Don't build a company to be sold. That mindset is likely the underlying reason you went bankrupt and personally as an investor would never invest in a company that had tha... (more)

I am a sport and performance psychology consultant (I work with athletes, Soldiers, musicians, etc. on the mental side of performance) and right now I work for a large empl...

Answered by Andrew Patricio – Founder, BizLaunch

I would start off by knocking on doors to see if people need your services and are prepared to pay for the services (more)

As an serial entrepreneur, I'm sure you frequently are approached by and come up with new ideas and business ventures. Do you feel it is better to introduce a single servi...

Answered by Mark Ruddock – Founder, INEA Posted in Product Development

I'm a big fan of focus ... start with a thesis and prosecute it with speed and determination ... become very very good at what you do (hard to do if you are doing many thin... (more)

Is there a minimum exit potential that you need for investment? Like, would you invest in a company that may make it to 2 million in annual revenue but it's never going to ...

Answered by JS Cournoyer – Partner, Real Ventures

It depends on the type of investor. Angels will typically invest in companies with both the downside and the upside in mind, as as such, would consider investing in a busin... (more)

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