Questions

I've been meaning to do a startup for over a year now, and have spent that time observing the world around me and figuring out what I think are genuine problems that I think I can solve. I finally quit my job a little while ago to pursue these, but am now stuck in a predicament I cannot seem to find my way out of - I seem to have too many possible ideas and no logical way to choose among them! They all seem like that have potential, but they are all quite different from each other so I cannot work on all of them at the same time. I know it's hard to really give specific advice on this, but I'd love to hear from entrepreneurs who might have gone through something like this before. Should I try to do an analysis based on some framework, or just follow my gut on this? Or is there a better way?

There is a very simple way to think about this.

1. What are you good at? What skills do you have? What do you have work experience in?

2. Of the problems you have found which ones do you have subject matter experience with?

3. Then talk that about that specific idea with people around you. You will start with A by the time you talk to people you will be at Z

4. You need to make sure the problem is a large one and something people actually want. There is a difference between wants and needs.

If you say: Customer needs something
You have to educate them on why they need it which costs $$$$

If you say: Customer wants something
You can put a wall between them and they will go and buy it

Happy to chat further and dumb things down for you.


Answered 3 years ago

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