The start of the year is considered as a great
time in order to gear up to start a
business. But, of course, one however firstly
needs to figure out a winning concept. "One is supposed to come up
with a lot of ideas in order to be
successful".
There is however no such thing as an “idea” for a
startup, at least thus is thus not in
the sense that most of the people are however
thinking about it. At least this is thus not in business-to-business,
but this thing exists in
business-to-consumer either.
The purpose of this article is to make the reader
aware of the best ways to think of ideas for a startup.
Great companies thus always find inefficiencies
in the markets in which they operate , and then also create products that however fit snugly into the needs of the market. So
if one however wants a great startup
idea, here is how one’s team should go
about the process . Its however considered as a repeatable process. And this
method however works best for thus creating a business-to-business
software-as-a-service startup.
For that , one must find a market that excites
him . Otherwise one will however be
bored to death when one is doing
the market research.
One must then research the heck out of this
market. It is advised if one spends
three to six months doing the market research. One must then put a foot
in the door of anyone who will however
open it for you, and should then learn from him or her. Then one should
try to diversify as much as one however can in terms of company size and
also business vertical (unless one
nails down something specific very
early), but one must always do this in
the best geographic place.
Then one must understand as to what products they are using today, what
works, what thus does not work, and what they however wish would have worked. One’s focus should be on understanding as to why certain products
have however been unsuccessful. This information can thus be difficult in order to extract, because people will however often paint a picture that is thus brighter
than reality. One must then try to put a monetary value on these problems.
It may however
take one around 10-15 meetings in order
to nail the right persona, but then at the 100th meeting one will
however have a very good understanding of the market and also the “holes” in
it. If one thus found a big hole, and
one can also thus put a plausible $1
billion or either more number on it, one has thus got his “idea.”
After that one is supposed to start building an
MVP in order to take to market. The nice
thing about however doing thorough market research is that one may however find one’s
first five real customers there.
One’s “idea” will however change over time, so one must not fall in
love with it. The market however shifts
and changes under the feet, competition
emerges, and one will thus also
understand much more about the market when one is however actually
trying to sell something. One must always be laser focused, but should
also listen carefully to the
surroundings. However it is pertinently mentioned that one must try to increase
one’s focus as one progress. One must
however solve a very specific problem, and one would thus do it amazingly well.
Also some of the other ways in to find the best
business ideas for the startups are as follows :
1.
Ask yourself, "What's
next?"
Successful business ideas are however often ahead
of the curve. One must thus think about trends and also technologies on the
horizon and how one might move into
those areas.
2. Look for new niches.
One’s business idea also doesn't have to reinvent
the wheel. One must thus take a look at what some of the big players in an
industry are however missing and should then
figure out if one can fill the gaps.
3. Talk to shoppers.
In order to come up with an idea that thus meets people's needs, there's however no better way than by talking to the shoppers. If one is interested in mountain bikes,
hang out in the aisles of sports and also bike shops and ask the customers as
to what they wish they could find in the
marketplace. If one is interested in
developing an e-commerce business, one must consider sending an online survey
to the potential customers in order to
learn about their needs and interests.
4. Play the mix and match game.
One can also walk up and down the aisles of a
drug, hardware or either a toy store
combining the two products across the aisle from each other into one. That should thus also spark quite a few ideas, but one must be prepared for most of them in order to be bad. "One will thus come up with
thus all these horrible ideas, and thus every once in a while one will find
thus find some brilliant idea out there.
However , the founders of LegalRaasta a startup
which provides legal services have over powered these hurdles and have ended up
in providing more than 100 + services. One doesn’t even have to go out , as it
provides online services .
Choosing LegalRaasta is beneficial as:
1. It has , 30+ offices in India
2. It has 10+ years experience
3. It helps to save your time
4. There is a cash back guarantee
Some of the services which it provides are :
1. Tax Filing/TDR - GST
Registration , GST Return, ITR
, TDS
Return filing, Business income return , Bulk return filing , Revised
return filing , Respond to tax notice
2. Company Formation - Pvt. Ltd., Limited
Liability Partnership (LLP) , OPC
registration
And also many more services .
This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST Software, GST Return Filing, GST Registration, Section 8 Company Registration, Nidhi Company Registration, IEC Registration, Fssai License, File ITR Online.
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