- Get started instead of just watching YouTube videos and giving yourself excuses!!!
- procrastination (delay) is a success killer
- you need a positive momentum, not a negative one
- Identify a problem
- just sit down and make a list – there are tons of problems you are facing every day
- Solve the problem
- every business involves someone getting paid to solve a problem
- how do you help a specific group of people improve their lives?
- what kind of problems could you solve and have solved?
- what doesn’t work well in a particular business that you are familiar with?
- what slows things down and causes problems?
- how can things be done faster, better and cheaper?
- Get paid
- questions startup investors always ask – answer these questions to decide which business idea you should start pursuing
- how big is the potential market?
- how many people/businesses have this problem?
- how much might they pay for a solution?
- put together an MVP (minimum viable product)
- do you teach them? or do you do it for them?
- you don’t know what people will need exactly until you test the market
- evolve your problem after you receive customer feedback
- at the beginning, your purpose is to test and learn, so it is ok to set a price that is enough to just cover your costs
- think about making a profit later when you have an improved product that people actually want
- more customers will tell you want they want after you get the ball rolling, that’s when you create a profitable product
- questions startup investors always ask – answer these questions to decide which business idea you should start pursuing
- Refine and repeat
- think about scaling up e.g. how to make things faster, easier and cheaper to produce
- make your business a factory of that solution!