The start of the year is considered as a great time in order to gear up to start a business. But, of course, one however firstly needs to figure out a winning concept. "One is supposed to come up with a lot of ideas in order to be successful".
There is however no such thing as an “idea” for a startup, at least thus is thus not in the sense that most of the people are however thinking about it. At least this is thus not in business-to-business, but this thing exists in business-to-consumer either.
The purpose of this article is to make the reader aware of the best ways to think of ideas for a startup.
Great companies thus always find inefficiencies in the markets in which they operate , and then also create products that however fit snugly into the needs of the market. So if one however wants a great startup idea, here is how one’s team should go about the process . Its however considered as a repeatable process. And this method however works best for thus creating a business-to-business software-as-a-service startup.
For that , one must find a market that excites him . Otherwise one will however be bored to death when one is doing the market research.
One must then research the heck out of this market. It is advised if one spends three to six months doing the market research. One must then put a foot in the door of anyone who will however open it for you, and should then learn from him or her. Then one should try to diversify as much as one however can in terms of company size and also business vertical (unless one nails down something specific very early), but one must always do this in the best geographic place.
Then one must understand as to what products they are using today, what works, what thus does not work, and what they however wish would have worked. One’s focus should be on understanding as to why certain products have however been unsuccessful. This information can thus be difficult in order to extract, because people will however often paint a picture that is thus brighter than reality. One must then try to put a monetary value on these problems.
It may however take one around 10-15 meetings in order to nail the right persona, but then at the 100th meeting one will however have a very good understanding of the market and also the “holes” in it. If one thus found a big hole, and one can also thus put a plausible $1 billion or either more number on it, one has thus got his “idea.”
After that one is supposed to start building an MVP in order to take to market. The nice thing about however doing thorough market research is that one may however find one’s first five real customers there.
One’s “idea” will however change over time, so one must not fall in love with it. The market however shifts and changes under the feet, competition emerges, and one will thus also understand much more about the market when one is however actually trying to sell something. One must always be laser focused, but should also listen carefully to the surroundings. However it is pertinently mentioned that one must try to increase one’s focus as one progress. One must however solve a very specific problem, and one would thus do it amazingly well.
Also some of the other ways in to find the best business ideas for the startups are as follows :
1. Ask yourself, "What's next?"
Successful business ideas are however often ahead of the curve. One must thus think about trends and also technologies on the horizon and how one might move into those areas.
2. Look for new niches.
One’s business idea also doesn't have to reinvent the wheel. One must thus take a look at what some of the big players in an industry are however missing and should then figure out if one can fill the gaps.
3. Talk to shoppers.
In order to come up with an idea that thus meets people's needs, there's however no better way than by talking to the shoppers. If one is interested in mountain bikes, hang out in the aisles of sports and also bike shops and ask the customers as to what they wish they could find in the marketplace. If one is interested in developing an e-commerce business, one must consider sending an online survey to the potential customers in order to learn about their needs and interests.
4. Play the mix and match game.
One can also walk up and down the aisles of a drug, hardware or either a toy store combining the two products across the aisle from each other into one. That should thus also spark quite a few ideas, but one must be prepared for most of them in order to be bad. "One will thus come up with thus all these horrible ideas, and thus every once in a while one will find thus find some brilliant idea out there.
However , the founders of LegalRaasta a startup which provides legal services have over powered these hurdles and have ended up in providing more than 100 + services. One doesn’t even have to go out , as it provides online services .
Choosing LegalRaasta is beneficial as:
1. It has , 30+ offices in India
2. It has 10+ years experience
3. It helps to save your time
4. There is a cash back guarantee
This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for Section 8 company registration, Nidhi company registration, IEC registration.
