- Market. This is possibly the most important factor to consider: is there market demand for your product? If there isn’t you will have a chance even with a mediocre product, however, if there is already a strong market, even an extraordinary product might not do the trick.
- Momentum. You have to continuously show that you are working on your product. You need to have people using your product, not just once, but also coming and a good marketing strategy. This will indicate that you have some traction in the market.
- Team. You need to have a reliable team around you. Only hire people you know and that will stand behind your product and work on it with 100% effort.
- Naysayers. If people are saying what you are attempting can’t be done, that is a good sign. It means that they don’t know how to do it and as a result you know you have discovered something new.
For a more detailed account please see http://bit.ly/d99jDF
