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CBSMoneyWatch: 10 Reasons Why Ideas Fail

Where's the Infrastructure?

Nearly all products and services need some sort of infrastructure or ecosystem to achieve any kind of market success. Cars need refueling stations, light bulbs have to fit existing sockets, external computer and DVR storage must be compatible with standard connectors, and music and video services need content licenses. You'd be amazed how often entrepreneurs overlook the cost, time and risk associated with developing necessary ecosystems to support new product ideas.

(iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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