Many of my engineering friends have ideas… most are small… some CAN be big….  How do you know when an idea could be BIG?  Having judged Moot Corp 3 years in a row, won it 5 years ago, and after reading hundreds of business plans, I believe I have a formula that can help any engineer-type thinker answer that question:

1.) Is there a burning need?  (e.g. are people hungry to solve the problem, or spending a lot of money trying to solve it or avoid it)????
2.) Is there a big Market? (e.g. are there a lot of people who WOULD be hungry if hey knew they could eat (buy) something to solve it?)
3.) Are people WILLING to pay to solve it?  (this one requires a test… see MVP)

If your idea is big, I encourage you to go for it… nothing is worth losing than opportunity!