How can I include boosting in my business predictions?

Do you know what boosting is? Do you know some people use it to predict the world cup winner?

A frog alone may not be good enough to forecast weather, but what if you take into account the behaviour of several frogs?

Imagine you have soft rules to forecast which team's going to win the next match, e.g. if a particular player comes to the pitch or if the opponent team has a red card.

Find soft rules for your business and combine them, how many good products reviews you've received, how many new customers are following you on social media: together they can be very strong at telling what's next quarter's going to be like. Keep testing if they work well and add more of necessary. Multiple poor decision rules can become good predictors when observed together.

Comments

What if my idea already exists?

You may have already experienced the frustration to realise that an idea you had already exists on the Internet. You don't have to have a unique idea to succeed, what matters most is how you make your business unique We're not 6 billion individuals on the planet for nothing, even though not everyone has access to the Internet chances are your new ideas already exist in a shape or form somewhere. Don't let it discourage you! Your Ideas are unique because you are unique. You may have similarities with existing projects but shortly your personality will show and make your whole project unique.

What's a good home based business idea?

Working from home and making an additional revenue is tempting but not easy to set up. Many have tried it with only limited success. Another busy day at the office! Design your projects to take advantage of being at home and do better than competitors! It all comes down to what you're trying to do, i.e. your initial idea. Why no take advantage of the fact that you're at home to leverage your business? If you've got a big house, you may store things easily, welcome customers directly at your place... A good idea is eventually one that puts you ahead of the competition . Don't hesitate to run it through the business Ideas test before you start!

Why are ideation workshops essential for business growth?

An ideation workshop is a meeting between creative people brainstorming on a common subject for the benefit of a group of co-workers. Do ideation workshops the way you want it, what's sure is that you'll remember it! It offers many advantages as it opens up a window of fresh air for the group, allowed for the duration of the session to think aloud without any limits. Did you know you can use Business Ideas as an ideation tool? Record your ideas in the start section , after testing it or not, and share it with others. Move on to the next idea until everybody has suggested at least one idea. At the end of the session you'll be able to come back to them and explore those ideas that are more interesting to you.

Business Ideas

Search This Blog