Ask HN: What is your new idea routine?
Put another way, once you come upon what appears to be a legit startup idea, what steps do you take (in order)?
For instance, do you first scour the market for similar startups? Do you ask friends what they think, or whether or not your idea is technically feasible?
What's your process?
32 comments
[ 5.1 ms ] story [ 60.6 ms ] threadIt's hard for me to otherwise filter out these uninspiring ideas, because when I first have them, I'm inherently biased. I tend to be in love with the idea that I thought of something novel, and it's difficult to distinguish between that excitement and excitement for the idea itself.
1) I tend to write down everything first. I realize that it could be a risk of creating something that doesn't take off, but for me it's a bigger risk to lose the idea entirely. For me, if I don't write it down, I could definitely forget about it, even if it was a brilliant idea. There could also be a danger of not evaluating the idea correctly when it first appears, so you reject it too easily, and since you didn't write it down, decide not to come back to it right away.
5) If you have budget, but no time to develop it yourself, there's another option: pay someone else to program it for you.
Disclaimer - I run a company that does it (link in profile). But it's also something I do myself and and would do if I didn't run one (for some, but not all projects)
2. Think about it for weeks and months and years.
3. Tell my various entrepreneurial friends about it and bask in the glow of their compliments.
4. Congratulate myself on being smart.
5. Dream about making so much money I could punch a cop and get away with it.
6. Dream about how great my life is going to be when I'm harpooning great white sharks from a helicopter that can turn into a boat.
7. Curse the idiots who came out with a product months or even years after my idea except it's executed all wrong and I woulda done it so much better.
8. Curse the same idiots who are now making so much money they can punch a cop and get away with it plus have that boat-helicopter thing.
9. A few weeks later I come up with a great idea. See step 1.
That's just scratching the surface, you can and should obviously do a lot more to validate an idea, like dry testing.
1. come up with 10 keywords you'd use to look for something like that 2. see how much exact match traffic happens for each keyword 3. see what the average CPC is for each keyword.
Most ideas get thrown out, since they aren't a must haves. If they were...people would actually be searching for them.
- potential customers: businesses or consumers? If you're targetting businesses be aware of a large sales cycle; that means you'll need more working capital. Lots of customers or just a few? If there are lots you have more power, but it also means a certain type of business model. If there are few, they will have more power, namely to negotiate prices. The worst situation: you have one customer, government.
- potential suppliers: businesses or consumers (eg user generated content)? These mean different business models. Lots of them or just a few? If there are lots of them you'll have more power (eg. price negotiation). If there are just a few (or worse, just one), you might have problems down the line.
- potential competitors: are there any (if none, perfect!). Are there just a few or lots of them? Just a few might mean that its an available market but it might mean that it's a difficult market to get into, namely in terms of initial investment. Lots of competitors means that its easy to enter that market, competition his big and that means a constant price fight.
-- MV
I post on Hacker News and analyze feedback. After looking at the feedback, I decide if I should proceed with the idea.
Will use for my next project :)
A lot of outcomes may follow. I may get a few sentences in, look at it, say "that's stupid", delete it, and go on with my life. I may just write down the basic idea that I've been thinking about, push it up to the private GitHub repo that holds it, and come back to it later if I have more thoughts on it. Or I may get on a run where I keep expanding on the idea and making it better; then I may start researching to see if it's already been done, how doable it looks, etc. Then I'll usually send that fleshed-out writeup to a few trusted friends to see their thoughts.
Then, if it's a small enough idea, I'll try to find time to hack together some kind of MVP soon. If it's a bigger idea or it's a busy time for me, it'll sit in my ideas file 'til I get to it, if I get to it.
After you have the idea and thought out the product some, you test whether the market will respond to it. I start with a few key friends and my two entrepreneurial mentors. If it passes them, then I go a wider test. I determine potential target markets and I survey them or I literally pull out the phone book and I call strangers. I even stood at a mall once with a candy bowl and talked with people about my idea.
If you don't talk to customers, you won't ever know what the customers want.
and if you can't even get yourself to go look, there definitely no point
There is something we all need to remember.
-Have a great time doing it.
It's one in a life time experience. Find good people to do it with and rock the hell out of your market :P
Cheers!
http://www.zefrank.com/theshow/archives/2006/07/071106.html
1. Take a shower and think it over.
2. Tell a few friends I trust.
3. Create the quickest and dirtiest version to see if it even has legs. This includes looking up who is doing something similar...
4. Show that to friends in #2
5. Walk away for 3 days and not think about it.
6. Come back and review the thing again and decide if I want to continue with it.
One thing I've learned is it is best to get others involved...early before you waste too much of your energy. If you can get someone else excited enough to want to help that usually means your idea has possible legs....or you are a good salesman/woman/person.
Regardless...engage early and engage often. Nothing is built in a vacuum.
1) Fix a PAIN point that people will pay money to make the PAIN go away.
2) Make them more money.
3) Entertain them enough that they'll be willing to pay.
Rather than write down and archive, ACT NOW, cause making yourself believe that ten other people have wireless connections to your mind and can steal any thoughts from you will ensure that you are outraged and encourage you to set out with a goal in mind; make your product ten times better than what you originally set out with.
My routine: 1) write down the idea and all related points in Evernote and that goes in backburner tagged appropriately. 2) Mindmap the idea out. 3) Start wireframing
- note this is just fleshing the idea out. All the while be searching for competitors and testing out what they have done. Take note of likes, dislikes, and not implemented differences with you.
4) Check google trends and keyword generator to see how many people have been searching for your solution. Do not be discouraged if you don't find a lot here... sometimes things really are novel (like, what keywords would one search for if looking up a twitter like service?). 5) Start talking to everyone about your idea. Hit up tech meet-ups and anyone who would be your potential client regarding the idea. People will be really nice and say nothing but good things. Do not let this idea ego-stroking go to your head (think about it... when have you ever asked another entrepreneur the hard question "why?" when you're really thinking the idea is without merit?). Ask everyone you share the idea with "How would you improve upon this?" or "Is there anything out there that you've seen like this?" or "Is there anything about this that you think is off?". When asked people will volunteer their honest opinion (or complete misunderstanding of the concept). Again, don't take any of this wrong... you may just be lead in a whole new direction or be given some great ideas to add to it that you never considered. 6) Take it all in and break it down to its absolute core. Then take that core and break it down again. Take all the esoteric meaning you've given it out and break it right down to the true MVP. Then get coding.