Fri, 16 September 2022
Start With the Problem
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
Good startup ideas don’t come by looking for startup ideas.
They come when you find yourself saying “that’s interesting” as you notice someone trying to solve a problem.
To generate ideas for a startup, start with the problem to be solved.
Choose a problem you have so you avoid the mistake of building something no one wants.
Startup ideas are plentiful but ultimately you have to sell the solution to someone.
If you’re not solving a real problem, then it will be difficult.
Solutions to real problems attract people who are willing to pay.
To test your startup idea, ask the following:
Focus on startup ideas that are must-haves.
Avoid ideas that are nice to have as they are hard to sell.
With practice, you can build the skill to identify good startup ideas.
Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.
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