startup

6 Potential ways to generate successful startup idea:

I have an Idea but don’t know how to execute.

I know how to execute but don’t have a right idea.

I have a great idea and know how to execute but don’t have budget to execute.

Combination may differ but struggle is common. Crazy startup world.. Let me come to our topic how to generate startup ideas?

Few people struggle a lot  to become successful entrepreneur and few become by accident. However, an idea plays vital role in the journey. Every one is unique and their brought up is unique either. Eventually, I would strongly believe that everyone can have great different ideas.  5% of the people only can make difference to dare to face the battle with their idea.

Every idea definitely will have customer base. However, the success is with reaching them in right way. For instance, I will let you know my experience being a writer to put a title to an article. Let’s take below two titles

1. 5 Easy steps to get funding.
2. 5 Essential health tips to follow.

You know, first title will have numerous instant views . Apparently, the second one also have good number of views but need more efforts to reach them and this customer base stay for a longer time.

Innovative mindset:

Few guys have extraordinary ideas with their innovative mindset. Real innovation always be admired and accepted. iPhone is the best example for great innovations. However, sometimes ‘Being early is same being wrong’,  many innovative ideas were failed as they were ahead of time to adopt. For instance, Go corporation introduced pen based mini computers in 1987, it should have been succeeded.

Idea from regular lifestyle:

I want to favor middle income group in this subheading , please bear me. Business will have a great success as long as the target customers are middle income group because middle income group is the largest group which has buying capability. Consequently, it is easy to pick up an idea which can covert as a successful startup for a guy who is from that group.

A guy from this group pretty much know the life style and needs. Apparently, guys from MIG: Please pick up and idea which can solve a problem from your lifestyle. This is one of the best ways How to generate startup ideas.

Solving a real problem :

Solving a real problem is always a very good idea. Majority of the people usually pick up an idea which is easy to implement, it may be good but if it is easy to pick up everyone, competition is also high. Real problem solver has more the 50% chances of success ratio.

For instance, We have scarcity of cyber security startups. Majority of the experts are discussing about IOT and its future. However, how many people are thinking about the need of security? When these many devices are connected to internet, huge data and analytics are accessible to people. Where is the security? How are we going to plan? How to mitigate the problem?

Gel with the people who has entrepreneur mindset:

Gel with people who has entrepreneur mindset would help you to know about startups, ideas, how to execute, how to fine tune idea, which are workable. As your mindset will have an impact based on the people surrounded. Consequently, it helps to get into a pond where the frogs available with same madness. This is one of the ways, how to generate startup ideas.

Raised in the business family:

People those who got raised in business family have some inbuilt business mindset. Eventually, moral and financial support from the family as they would have gone through the same cycle. It is a great advantage to  synchronize with the system and generate ideas.

Take Away:

• Real problem solver has high success chances.
• Think in such a way to solve a problem instead what else can I sell online.
• Great innovation can share the world, other players don’t even dare to get into your space.
• Fine tuning of an idea is pretty important before start execution.
• Target set of customers are important to generate and execute the idea.
• I would suggest to target middle income group to have bigger customer base.
• Everyone will have ideas but very few people provide a shape to them.
• Note every idea when it come to your mind. Consequently, you can filter the ideas.

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