I had recently came accross a brillant analysis by Fabrice Grinda (click to see his excellent blog “Musings of an entrepreneur”), a French entrepreneur now living in New York (founder of the late Aucland – an auctions website which had become pretty famous during the “new economy” hype), of the two main risks entrepreneurs have to cope with when starting up their ventures, & investors face when screening a business plan: idea risk & execution risk. Here´s a quote from Fabrice Grinda´s post: “Idea risk is the risk that the business you enter is not attractive and ends up not working for whatever reason (market too small, bad business model, etc.). You can minimize that risk by applying the 9 business selection criteria previously mentioned and/or copying an already successful idea from abroad. Execution risk is the risk that you are not able to execute and take the business from an idea to a functional product that can generate revenues.” I recommend that you read the rest of it here.

You can minimize the idea risk by copying an already successful business idea from abroad! This is where SpringWise.com comes in. I came to know about it this very morning, on French entrepreneur Michel de Guilhermier´s blog (in French, sorry; however, top-of-the-class on e-Commerce, customer care & investment topics).

SpringWise.com is nothing else than an entrepreneurial business ideas database. Thousands of people from all over the world screen for local entrepreneurial successes and report it on the database. The categorization of the business ideas catalog makes it easy and convenient to browse. I´ve just subscribed to SpringWise.com´s newsletter too. I hope you´ll enjoy brainstorming on the business ideas you´ll read about there.

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