I once had a boss who asked me why we published so many books that were not bestsellers. He wanted to know why we didn’t just publish the bestselling ones and reject the rest. It was a naive question, but one that crops up in every industry. Why don’t we all just launch the profitable ideas and not the mistakes? Shouldn’t there be a way to determine if a product or service or book will succeed before we invest time, money and resources in launching?
There isn’t a truly foolproof solution or we’d all be rich, no book would go unread, every product would have thousands of raving fans and marketing would be pointless. But there are questions that publishers and Fortune 500 companies alike ask themselves before they invest in materials, resources, marketing and everything else that goes into bringing a product or service from the idea stage to the marketplace. And, entrepreneurs need to ask themselves those same questions before they launch because their time, money and resources are their primary investment start up tools.