Are you a challenger? The idea of a regular job gives you stress and you are bored from regular file-pushing at your desk? Than, the world is waiting for your next big idea that can change the start-up ecosystem forever. Sounds like a dream right? But, if your idea is great, the team is right and have good technical support, every dream of yours can come true! For this to happen you will need a great idea. An idea that should solve a well-defined problem. Every idea generation starts with a definition of a problem and finding efficient and economical solutions.
Most important question here is, ‘where is the problem?’ While some might even suggest that you create a problem if it is not there. it is about to be discovered with gist to solve it in a more simpler way and economical method to attract customers towards your solution. This is where it gets complicated for entrepreneurs and start-ups to figure out the right problem and an efficient solution to it.
According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn. The prime reason is their half-baked ideas that didn’t survive that long. An idea can strike your nerve nodes anytime and you should be ready.
Back in 2007, on a cold winter night, a young lady was sitting in her apartment with her dog hungry. She had no dog food to feed it, She thought of running an errand through her neighbor instead of going herself and suddenly she thought, why not do this for every task at home and soon she built a start-up around it, now famously known as Taskrabbit. Today, she has more than 50000 taskers running errands for people! and she is making huge money on each task.
So, are you waiting for your apple on the head moment or you want to move your tree to make it fall, it’s totally your choice. So, leave all the scholarly stuff and let us see 5 weird ways to develop an idea.
1. Take a Break:
So, whatever you are up to at present, whether a job, business or freelance stuff if you can afford, take a break. Why would you need a break? Answer to this question is simple, anything you want to achieve in life comes from focus and you cannot focus on your idea, while your mind is full of things that are going on in your life. So, it is essential to take a break, focus on your idea and perhaps the problem for which you want to find your solution.
2. A Solo Vacation:
Greatest Ideas have been generated by people who were on the verge of self-discovery. Think of all the innovators and game-changers who faced problems of their own and found solutions that changed the whole paradigm of the start-up universe. As, the most important thing is to make your customers more successful by solving their biggest struggles, challenges, and frustrations. Something nice-to-have won’t lead to big business. This is your chance to discover your problem, solo travel will help you get away from naysayers, personal problems and other distractions to see what may be always there in front of you.
Another advantage is, you get to know new people, places and cultures. This will help you put your idea on a global perspective and you will have a clear idea of a problem that is more global and not just local. you should talk to people as much as you can to move forward, even if that means doing things that don’t scale.
3. Write Down Everything:
I am not suggesting a diary writing chore, but, if you are to travel solo, away from all entanglements, you want those key moments recorded, so write it down or maybe take pictures, well that is quite a common thing right? You may also record every experience that you feel will help you define your problem.
4. Get Back and Find a Peer:
Yes!, find someone who has developed an idea to understand the better part of problem definition and its solution. If your problem relates to a social problem, find a community to know more, if its a healthcare problem, find an expert doctor to know more on the root causes of the problem.
Try not to share your ideas with people who are not optimistic, as this could easily discourage you or implant doubts in your mind. Find yourself partners and people who want to embark on this special journey with you. You can also talk to your potential customers to know if your idea can actually work. Because, as per data, 17% start-ups fail due to non-user friendly products and 14% start-ups fail due to ignorance towards customers. You surely would not want to make such a mistake. Further, find a developer to work on technical aspects so that you can focus on idea development.
Building a team is vital to your start-up as you cannot win this race all by yourself. Simply because 23% of start-ups fail due to the wrong team onboard. So, choose wisely and look to include a peer of the same industrial sector to help you with the next step on our list.
5. BrainStorm:
This may be a little technical, but now that you have done all the stuff necessary to develop an idea, you would want to be clear about your product around it, which can be developed into an application or business. It is observed that about 17 % of start-ups fail due to the lack of a business model. Hence, your business model should be aligned with your idea and the product. You should also consider the surrounding environment, market trends, and political situation as you would not want your idea to misfire. Why is timing so important? Because as the data suggests, 13% of start-ups globally are mistimed.
So, grab your whiteboard or paper and think it through strategically as your start-up should be prepared for the worst scenarios and cash crunch that can come later, the initial funding will give you the push, but your idea and product will keep you afloat. According to a report by Small Biz Trends, 42% of start-ups fail due to no need of the market. This shows the importance of knowing your market first hand and brainstorming about market worth.
Wrapping Up:
So, why should you go for such weird ways for idea development? Because your start-up depends on it. You may choose these ways or any other to develop your next big idea. But, the fact remains that ideas are the basis of any start-up. Though the success rate of start-ups can discourage you. But, if your idea is unique, it is there to succeed. Nowadays, everyone wants to become an entrepreneur. But, the true entrepreneur has his vision about the idea and the product quite clear which drives the start-up through various phases of the start-up lifecycle.
Don’t be afraid of the waves that can hit you and start your dive into the ocean of start-ups as, you may see many hurdles on your way and yet you can make it to the finish line with the right team, a great idea and an amazing product that can solve the problem of customers. So take your next step toward your next big start-up.
Author Bio
Manoj Rupareliya is an experienced writer working at AppEmporio possessing expertise in writing on technical, financial and digital marketing niches and provides excellent guidance to hire developers team and covers essential aspects for beginners to learn and develop skills for brighter future.
