I Have a Great Idea… Now What?

What exactly is an idea and where it comes from…

What are the next steps?

Before getting too much excited and making any investment, time, and sources into your idea, focus on finding out if there’s a real need for it.

Benefits

A key benefit of competitive studies is that you may discover if it’s simply you who has the big idea or whether a person else also has it.

As they say, if you’re thinking it, someone else is already doing it. That can be pleasant, due to the fact your solution may be better, however, you should continue to understand what else is on the market.

Lean Concept in simple words

The company determines a trial period and sets many goals that will be revisited at the end of that time frame. If the goals have been met, the product can be expanded with more features, or altered as the market requires.

Basic Principles of Lean Concept

Read our article on – What’s new in iOS 15 & iPadOS 15!

A key premise behind the idea of MVP is that you produce an actual product (which may be no more than a landing page, or a service with an appearance of automation, but which is fully manual behind the scenes) that you can offer to customers and observe their actual behavior with the product or service. Seeing what people actually do with respect to a product is much more reliable than asking people what they would do.

Reference – Forbes, and Entrepreneur

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Author: Tushar Saxena

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