Best ways to think of ideas for a Startup
1.Method of Negation
Sometimes the wrong answers may turn out to be the right ones. A simple method to think of an idea is thinking in the opposite direction. An example is pole vaulting. Back in the 60’s they used to jump with their stomachs towards the bars, then someone thought of doing the jump backwards. And Voila!, people discovered that jumping backwards was a more efficient way of doing it.
2. Prototyping Simple Ideas
Prototyping takes you through a beautiful journey of Brainstorming. Just ‘Thinking Up Ideas for a Startup’ is outright overrated. During prototyping, you go through several stages like research, surveying, demo’s and therefore gather important feedback and new insights into the idea you set out to do. Thus revising your hypothesis over and over again. But be careful and avoid the pipeline system where the ideas keep moving on and new ones keep moving in to sway you away from yours.
3. The Idea hexagon
- Xd : Extend the idea to the next Dimension. Eg: Flicker for photos to YouTube for Videos
- X+Y : Mix Dissimilar ideas. Eg: Print + 3D modelling -> 3D Printing, Economics + Mathematics = Game Theory
- X- : Do the opposite. Eg: Coloured to Black and White, Reverse Auctions
- Xup : Take a Solution and find problems. Eg: Mobile phones is a solution, Navigation was a problem solved by Google Maps on mobile.
- Xdown : Given a problem, find other solutions. Eg: Apps in the App store. So many Fitness Apps!
- X++ : Make an existing product faster, better, cheaper…. Eg: Really??
Most of the ideas for a startup that have made it big came up during people’s routine lives and work. They either tried to solve a problem to make their and everyone’s life easier or just though of a fun way of doing things. Experience your life in a more rich and immersive way, be more observant and aware! You never know, the inspiration for the right idea might be in front of you. Remember – Opportunities are all around us, all the time!
5. See whats Trending
When the Gold Rush happened everyone jumped into mining gold. The people who made the real money, however, were those that sold shovels. Look for “shovel markets”. You can use Google Trends to find the gold markets, and then your brain to think of the shovel market that goes with the gold.
6. Copy, Colour, Improve, Repeat
“Get Inspired”, so to say! Find an awesome ‘growing’ product, study the concept, colour it so that it looks slightly different, think of new features, fixes that the concept needs, redo till you’re satisfied enough to execute.
7. Find a problem and Fix it
Look at the problems that you or people around you are facing, and now go scratch that startup itch! Once you have identified the problem, focus on how to solve it the best you can. Interview people and ask them for feedback or how else they would have done it (which can be a completely new idea) Do it now, do it fast, otherwise someone else will come around and do it. So, look for problems not ideas.
8. Analyze your Strengths
Analyze what specific skill set, resources, connections you have that makes you unique and what can be built with it. Execution is the Key to a successful startup. Having an idea and not having the resources to execute will take you nowhere, but utilizing the resources at hand gives you the most ‘unfair sustainable advantage’ in the startup world.
9. Inside Information
You know someone who see an opportunity to do something but are too busy themselves to do something about it. What do you do? You moonlight them, get specific information, review with colleagues, friends and experts in that field. And you have a successful business idea.
10.Transfer of Concepts
Life’s underlying concepts of good and bad are used everywhere – games, movies, books. Both Star wars and Star Trek have aliens, spaceships, planets. LinkedIn is a Social Network for Professions, and Facebook for friends. Find a concept and see where else in the world it fits in.