Day one of the no bullshit 24 day startup build. I can guarantee you one thing, at the end of the 24 days you will have a bullet proof system that will help you find great ideas, build a bullet proof execution framework and create rail guards to figure out if this product has the signals for success and if not how to quickly move onto the next one. With that being said, lets kick off business idea generation.
In 2020 there is an abundance of ideas across the internet and around you. You don't need to sit around for your ahaa moment, trust me that's a sure way to fail. What you need to do is manifest an environment where you can find problems, trends and business models that support this.
Find trends and then problems and then solutions. This should be the path every founder should take to minimise their chance of failure and skyrocket their chance of success. A rising tide lifts all boats, hell even Amazon was not built because Bezos was struggling to buy books on the internet, he created amazon because the investment fund he was working on saw him go through future trends, and in that he saw that the internet was growing at a ridiculous pace, so he decided to attack that
Whilst not everyone gets to work in a hedge fund, you can still set yourself up for success in 2020/2021 and this is exactly how you can do it without going full time.
Use the DPSC framework to verify what business you want to work on. We'll get to this in a second
Here are some quick but very effective ways to find bullet proof ideas, weather that's an online business or not.
Here's the breakdown of the best places to find business problems
These are gold minds for you find and discover potential million-dollar problems and ideas. They are a combination of communites, data ports and newsletters that share what is the next big thing and provide you the know-how of what to build and how to build a business and become a business owner.
Getting to the business plan will come in the later days, but for now we're focused on creating great ideas and a looking for places to find them.
Another fantastic way to make this happen is to document your entire day for 1 week. After 1 week upload your entire day schedule and tasks you've done into a word cloud. Assess what things you've done multiple repeated times and therein lies opportunity.
This can be done completely part-time and doesn't matter if you're a college student or a full-time worker, you will have access to the above communities as well as the ability to find inefficiencies.
I will reiterate that there are no billion-dollar ideas, but only billion-dollar executions and that is fact from looking at history.
Last point to make before we move onto day 2 is to realise that in startups velocity is EVERYTHING. Money respects velocity not intelligence and you need to set yourself up so that you can test, assess and scale/move on
At the end of this, what you should be able to do is write down 10 problems you're passionate about, co-relate 2 ideas/solutions per problem
In the next 24 days you will learn the exact process on a day by day process to take absolutely thin air and come up with an online business idea, a business plan, a defence system, a content marketing engine, a distribution plan, strategies for digital marketing all with an initial investment of whatever the above memberships amount to which is less than $99 per year for some of them.