Top 3 Essential Tips for Generating Startup Ideas

Do you want to become an entrepreneur ? Do you have a plan to begin a new start up.

If the answer is yes ! You are in a right place.

Ideas can come from anywhere. There are no hard fast rules for generating startup ideas. Some of them may turn into profitable businesses, and some may not.

Here we go!!  Below are some of the three essential tips I like for coming up with and filtering ideas.

Start with understanding the Problems:

• Having a problem is often a strong motivator for someone to buy or use a product. Many of the most successful companies start by solving a problem.
• Observe the daily activities of the people who are living around you like, their shopping habits, reading habits,ways of using the technology, entertainment etc. 
• Analyze the problems faced by the people on their daily activities and make a note of it.
• Highlight the major problems faced by people.

“ When you say "I" and "my" too much, you lose the capacity to understand the "we" and "our".” -  Steve Maraboli 

Scratch your Own:

• You can be your own customer. In fact, some say the best ideas come from one's own problem.Be observant of your day at work or outside of work. Look for tasks you find challenging or take a long time.
• Next step is you have to decide your Category / Segment - like Product for Business, IT -Companies, E-Commerce, Manufacturing, Education or General Consumer Product etc .
• Category / Segment will be selected based on the problems faced by you and people.
• If you got solutions for the problems previously,then think about the alternate solutions. If you don’t have the solution for the problems then think new.

Do Research:

• One way to learn about problems worth solving, is simply to be observant to what people complain about. Instead of picking ideas out of the sky, we're simply solving problems that we know people have.
• Start your research with real people who are all falls under your Category/ Segment.
• Ask questions like
• What’s your problem in your day to day activities?
• How should you solve these problems currently?
• If we provide better solutions what will you do?
• What are the main drawbacks of the current solution?
• Ask the questions to 100 - 300 people or more,because it helps to understand the real problems faced by the people.
• Compare the data and find out the common problems faced by most of the people. Think about the solution for the problems and validate the solution with people.
• Finally you can come up with ideas for your new startup.

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