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The answer is "it depends". It depends on the following: 1) Your current 'runway': [How much money you have saved + Your current recurring income - Your current expenses]. 2) How much money it would take to develop a 'minimal viable product' (MVP) that would allow you to test your idea. (i.e. ...

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You'll need to learn more about, and better define your two personas: A) The type of company willing to pay for t-shirt based advertising B) The type of person that will to wear it. To do this you'll need to access communities where you think those personas would hang out (either online, or in ...

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The best step is to look at things in your everyday life, and figure out what are the pain points, or what can run smoother. Your best chance to get a business idea isn't from something that you know nothing about (for instance, I'm sure there are great ideas to start businesses in aircraft produ...

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I've done this in the past. I find the best way is to do it in person. I made a habit of walking on my downtown street between lunch and asking the local business owners about their challenges of their business. I don't know if there's a number...I think idea extraction should become a part of yo...

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Really good question. You can do it via one of three ways: 1) Provisional Patent. if an implementation of their system to his new market would be patentable (i.e. using machine X to make donuts instead of jewelry), then you could file a provisional patent on the idea. Provisional patents are ver...

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You ask the customers, and gauge their level of interest. Better yet, get yourself in front of some customers, and instead of telling them what you make or do, ask them what they need. When you notice that many of them need the same thing, and if it is something you can make or provide, you then ...

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I wrote an answer to a similar question today which you can find here: https://clarity.fm/a/2877 The one flaw to your current process is this premise: "Whereas, if I focused on a good idea the whole process of driving success would be easier." This - from my experience - is simply not the case....

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The simple answer is: good developers get paid. You have a few options that each come with different risks. 1. Find a development agency looking for equity projects. There are more out there than you would expect but be prepared to show them all the details. They are going to want to see that...

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I would say don't let the revenue be your deciding factor. Build the idea that you enjoy the most. If you'd really like to try both then go for it. Just be careful to validate your SaaS business idea early and often, as it can easily become a much more complex project than what it sounds like yo...

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You've been doing all the right things, so you're on the right track. Not sure what you mean by, "launch the idea" though. You can't start selling it until you have an MVP (Minimum viable product), and it doesn't sound like you do. Your next steps are to make an MVP and deploy it to people with ...

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