I want to start a startup, but have no ideas. What should I do?
I really want to quit my big corporation job and start a startup. Problem is, I don't have any viable ideas. I tried a startups before (while still working my main job), but didn't get far. Should I join someone else's startup? Should I start a consulting business? Or keep plugging away at BigCo, biding my time until ideas appear?
47 comments
[ 6.5 ms ] story [ 143 ms ] thread1. Find your passion
2. Develop the business around your passion in your spare time
3. When you predict that you can be ramen profitable, and only then, quit your BigCo job
4. Work harder than ever before
As someone on HN commented, "mega-successful entrepreneurs are the statistical outliers". But that shouldn't stop you from having a go.
http://ycombinator.com/ideas.html
It's important to be passionate about whatever it is you decide to do. If you don't really care about whatever it is you're working on, it's not going to be successful.
I do want to be careful about the definition of passionate. It doesn't have to be some world-changing thing; just something you enjoy working on or something you feel is very important.
Here are some ideas you can have for free as well:
* A website builder specialized to a specific industry. Real estate agents for example. Build widgets that they can drag onto their own pages that provide things like MLS searching. Or appointments for a doctors office, etc etc.
* Yet another polling site. Except let people login to track their polls. Later you can use the data to give them suggestions about potential matches, or build a personality profile for them, or whatever. People seem to like hearing things about themselves.
* A health tracking site that lets people keep track of diet, various health biometrics, drugs / vitamins they have taken. This one would require some serious UI-fu, as I think it would only be really successful with a shitload of really beautiful graphs that allow people to track their progress / amount of money spent on supplements / whatever.
do dayjob;
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At the same time, if ($kids > 0), $startfund can be declared as a small int.
Or, that's what it feels like to me, anyways. :/
- work creates ideas
- you need to hone your skills; how to make decisions, how to negotiate constraints, how to balance tradeoffs. you can't do this until you've got really thorny problems. and the best problems (that is, profitable) problems to solve are all thorny ones.
Though i agree with the whole passion thing, their are lots of people who are successful because they are passionate about creating or passionate about business rather than just their ideas.
two ideas on finding ideas 1) get dissatisfied. find something things you don't like and figure out how to make them better 2) get playful. try new things. have you written a mobile app? build one. have you seen the new mozilla video stuff? try writing tools for stuff like that, or business surrounding the newly created technologies. as you play, you learn, and may discover new opportunities.
on the other hand, start building something, anything on the side with your bigco job, release-iterate-repeat from there.
just press this link: http://news.ycombinator.com/user?id=zavulon
You'll learn how to market yourself, how to manage a sales pipeline, how to keep a set of books, how to track utilization and how to set up triggers for hiring new people.
If you're successful, you'll build a revenue stream that you can divert from to build a full-time product development team, at which point you'll have bootstrapped yourself and be at cash-flow-positive.
The ideas will come.
Working for a startup is fun. It will definitely teach you how to develop under hair-on-fire circumstances, and probably expose you to current technology (Rails instead of J2EE, Erlang instead of C++, etc).
But I was --- am --- shocked by how much 10+ years of dev work for startups did not prepare me to start a company from scratch. I got very lucky picking my partners; had I been even a little less lucky, I'd have failed in the first six months.
Pro: Being exposed to many clients may help identify a need that you can develop into a product/service.
Con: Having clients is a distraction when you are trying to develop and launch a product/service.
In the given situation, hanging in at BigCo provides for steady income and the freedom to pursue ideas in free time.
So, no. But I think you have a kernel of a valid caveat there, which is that as long as you're bringing money in that isn't coming from your product, you're going to be distracted. My proposed solution for that --- one that's working well for us --- is to get to a point where you can simply hire people to do one or the other. Hard to argue that a full-time product person is "distracted" because his paycheck is coming from a consulting practice instead of a VC fund.
This is also why I recommended starting a two-person company, and not simply becoming a freelancer. Freelancers do get sucked into "temporary W2" consulting hell.
If it will; and you don't have an obvious business that you should be getting into, then do some research and look for problems that you are uniquely situated to solve better than anyone else.
Don't just pick an idea and run with it, be critical of your ideas, and of yourself. A startup is hard work with relatively small chance of reward; and if you don't have a sense of why you are doing it that is strong enough to carry you through you won't last the distance.
See this wiki page for inspiration as to what your idea should look like though http://en.wikipedia.org/wiki/Big_Hairy_Audacious_Goal
The intent behind this questioning is the important thing. In an evolutionary context, the work you're doing is like an organism that is adapted to some degree to its business niche. You may be able to strike out on your own by making a business 'better adapted' to the same economic niche through changes in the technology/skills used. Alternately, you may be able to find a niche that better supports the toolkit you presently have to work with. This is the simplest way to generate innovation but it will likely not produce results that are the best for your overall happiness.
For that, you'll have to determine what kind of niche can support you financially and which you personally are well suited for. From there, it's a matter of figuring out what adaptations in your personal skill and technology set are necessary to transition you over to that niche from your existing job.
A startup is a long haul. The idea part is a minor portion, start working on the rest and the idea will come.
Don't do that!
Sit down with a piece of blank piece of paper (metaphorically - you'll want to use a text editor) and start writing down ideas. Make them crazy. Zero negative feedback. Get the creative juices flowing.
What do people pay for?
Services. Information. Money saving. Social opportunities. Access to money.
So, let me get the list going for you with some bizzare / useless ideas, based off of one random concept - "sneakers".
* software to manage collections of high end sneakers * software / service that lets you design and produce your own custom sneaker * social networking for fans of sneakers * sneakers that verbally encourage you to take the stairs * sneakers with GPS that issue you different reminders at different locations ("you're in the lobby of the office, on the way out - don't forget to pick up chicken on the way home")
All idiot ideas. But maybe buried in there you come up with "software that lets small shoe stores manage their inventory", or something.
The point is this: until you've generated 100 ideas, you'd be foolish to leap at the first one.
...and the second point is this: once you've generated 100 ideas, you'll be more practiced and fluid, and you'll find it easier to generate the next 100.
Run the ideas past a few friends, and ask them each to pick 10 that are interesting.
Chances are, there'll be a point of overlap. And maybe it's even something that was already tugging at you.
It's an interesting exercise.
Go do it.
Doing it with a friend will cause you to come up with ideas that you wouldn't have alone, and it's good to make sure you're both on the same page.
Joining a startup should be a good experience for you. You'd find out whether you'd really enjoy startup life or not.
Pick the top 100 web business in US and port them to spanish to cater users from Mexico to Argentina, or portuguese for brazil.
There are three huge markets this side of the pond, in english, spanish and portuguese, each one with 300M potential users.
You don't want to have to go through the hassle of starting one your own. trust me.