Tag:startups
All the articles with the tag "startups".
Ways to come up with startup ideas – Become a problem-spotter
Posted on:February 17, 2024Discovering startup ideas hinges on training your mind to spot problems, turning everyday frustrations into potential business opportunities. Writing down annoyances helps, and you don't need to be inherently critical—awareness is the key. Whether through personal experiences or listening to others, identifying issues in daily life can lead to successful startups.
Ways to come up with startup ideas – Find a boring problem to solve
Posted on:February 21, 2024Instead of working on an exciting idea, try to find a boring problem that people are desparate to solve. It may not be glamouress, but the startup graveyard is littered with fun companies that couldn't make it work, while the mundane businesses live on.
Ways to come up with startup ideas – Get really good at something
Posted on:February 25, 2024Excelling in a skill can lead to startup ideas, with infinite possibilities across both conventional and unconventional talents. Focused practice helps you improve, and mastery can reveal business opportunities, such as teaching or creating products for your field. Understanding your domain deeply aids in identifying customer needs and innovation, with enjoyment and passion being key to sustaining momentum.
Ways to come up with startup ideas – Immerse yourself in an industry
Posted on:February 22, 2024While fresh eyes have their merits, deep industry knowledge and connections also go a long way. If you're looking to start a company, but unsure what to focus on, consider getting a job in a particular market and fully immersing yourself, until you know which problems are worth solving.
Look for People Who'd Work for Free
Posted on:January 3, 2024Some would call it hiring for passion. I call it looking for people who would work for free (but then obviously pay them amply). This is something to weight more than other factors.
Ways to come up with startup ideas – Ride the wave of an emerging trend
Posted on:February 19, 2024A tried-and-true way of coming up with a successful startup or product is recognizing a trend and building something that rides its momentum. Sounds easier than it is, of course. The hard part is actually identifying that trend before others do, and developing your skills so you're ready. But it can be done!
Ways to come up with startup ideas – Solve your own problem
Posted on:February 18, 2024One of my favorite methods for startup idea generation is to solve your own problems. It's proven by successes like Spanx, Dropbox, and Warby Parker. This approach guarantees at least one happy customer—you. It saves research time, ensures market need, and offers intrinsic motivation to overcome startup challenges. Plus, it's a direct path to understanding customer value, potentially expanding an initial solution into a broader business.
Ways to come up with startup ideas
Posted on:February 15, 2024Product and startup ideas are all around us. My brain does not shut off in thinking of them. If you're someone who wants to take the entrepreneurial plunge, and you're high on skills but low on ideas, this series of posts will give you all sorts of methods for finding the right one.
Ways to come up with startup ideas – Write down your ideas
Posted on:February 16, 2024In my series on coming up with startup ideas, we begin with the basics. Method number one is to write things down. Take a moment, be aware of the idea, and keep a record. This simple act helps tons of people develop their ideas over time.
Ways to come up with startup ideas – X for Y
Posted on:February 20, 2024The X for Y strategy is an effective method for discovering and validating startup ideas, as well as for clearly communicating your vision. Utilizing this analogy can also expedite the design and development process. However, it's important to complement this approach with thorough research and critical thinking, rather than relying on it unquestioningly.