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What are the best ways to think of ideas for a startup?

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 :
3. Registrations - DSC, Trademark, Patent , Copyright

And also many more services .

This article has been contributed by Simmi Setia, Content Writer at LegalRaasta, an online portal for GST SoftwareGST Return FilingGST Registration, Section 8 Company RegistrationNidhi Company RegistrationIEC RegistrationFssai LicenseFile ITR Online. 

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