Death by a thousand great ideas
tashian.com
tashian.com
The way most people go about starting businesses is to drum up ideas and then go out into the world and attempt to validate them like so:
01. Come up with product/service ideas
02. Seek out a market or present idea(s) to a predetermined market
03. Conduct market research to validate/invalidate idea(s)
04. Scrap idea or build idea
05. Rinse, repeat
This method isn't very effective because it emphasizes validating your preconceived ideas, not understanding your market and THEN crafting a compelling product or service to sell them.
The market-first approach, on the other hand, eschews the notion of starting out with a product/service idea in the beginning. Instead, it focuses on finding markets to serve, gaining a deeper understanding of what their needs and pain points are, and then crafting a product or service to offer.
The Market First Method
01. Choose a market
02. Conduct research to understand market needs/desires
03. Brainstorm ideas to solve market needs/desires
04. Craft a compelling product or service
05. Deploy. Gather feedback. Iterate.
I find this methodology to be far more effective because it shifts your focus from coming up with rock star ideas to the far more pleasant and useful activity of engaging with a market and discovering where you can add value. Two things, I might add, that come in quite handy when it comes time to craft your offer and write sales copy.
Another is the customer-first approach, perhaps a layer higher than market-first approach. That is, think of who you'd like to have as a customer, then find what problems these people have that need solving.
"We were in pursuit of a great idea. A jackpot of an idea that elegantly solved an audacious problem. An idea with clean lines and graceful curves, horizontally and vertically dovetailing the interests of many."
What beautifull writing.
My main advice to people who leave their job to start working with a co-founder without an idea AND without a clear verticals they want to focus on...is not to do it. Time constraints (when you are brainstorming as a side job) and outside dynamics (being in the middle of real everyday life) can help you so much be more creative and drive toward a decision. Then, once you have committed to something, you jump chip and start working on it full time if you can afford it.
Just as lots of developers have a great product, with business model and no idea how to market it (the product) - Lots if small businesspersons have a business model and the will to market a great product - but no great product to market
So good advice to founders is to have a process where you come up with 10 ideas, then you execute on one of those 10, no other choices.
Its Gandhi, not Ghandi.
I don't understand why so many people misspell his name.
As Chuck's comment points out, eventually you have to narrow down your choices and your focus to actually ship a product instead of just being a perpetual idea mill.
Thanks for a great post Carl.
Edit: coming isn't spelled comping
I tell my wife what idea I'm working on. Just this simple act sets in motion a chain of events that tends to make me want to see a project through to the end.
The reason is that, I know she will follow up and ask me later about the project and, if I have abandoned it, will subject me to "The Speech". I hate "The Speech" so much that the entire force of my subconscious and conscious minds will conspire to avoid it - hence shipping products (finally) instead of flitting from one to the other endlessly.
If any of you don't know what "The Speech" is. You just aren't the right audience for this advice....yet. :-)
Note: If you aren't married, or aren't planning to get married due to career. preference, etc. then you should find a friend or family member close enough to you that they will be willing to give you "The Speech". It works.