Estimate required effort to implement it. => if more than 2 days of work postpone assessment to the end of the month (I end each month by making my backlog for the next one).
Estimate the potential return (market size if business idea, or impact on branding potential for content ideas)
If the potential return/effort worth it I review the existing competition.
If I still see potential:
- If it is less than 2 days of work, implement it on some weekend
- Otherwise plan it my monthly backlog.
@aaronoleary i usually go for free .web.app domain so first focus becomes building the product and landing page to not waste much time on landing page i use Frontendor
I write everything down first. Nothing structured, just raw thoughts. Then I read through those notes and think about it all for a while, to see if I like the idea. See if it's something I want to pursue vs whatever else I have going on. Sometimes just writing it down is enough.
I begin to decompose the idea into tasks and the answers to the questions - why? for whom? etc., and sometimes I just scroll in my head how it can be, think over different scenarios and then return to splitting into tasks
I'm working on something that I'm hoping to release before the end of the year that touches this very thing. But until thats ready. I create a keynote deck with every aspect about it I can think of to just get it out of my head, then I track how new info related to the idea comes to me over time. I build the deck out on as many aspects as I can think of till I reach the necessary confidence in the idea to move it into becoming an actual project. Experiments, validations, marketing plans, everything gets tracked, so that when it's execution time... Everything I need to get started is already gathered and ready to go.
Google the problem you want to solve and find out how people are solving it now. It will take you to articles, Quora, Product Hunt, Reddit, IndieHackers, etc. Join the discussion.
Create a simple landing page, connect to Typeform or Airtable and ask people to join the waiting list.
Spend a few dollars on GAW and test the copy, flow and conversion. Offer these subscribers a small gift for a 10 minute conversation.
1. Check if someone does the same.
If yes -> what is your added value/ How your solution will be different.
If not -> why?
2. Ask people if they really have a problem which your idea tries to solve.
3. Think about the MVP. What is the minimum value you can deliver to validate the assumptions?
Something. Anything.
If you do not start work (real steps to win) within 3 days - idea will RIP.
It means do not think too much - just start do something ASAP and then you'll just feel what to do next and plan will be born by itself.
Google what is needed to get that plan working.
Then segregate what I know and need to learn from those.
Learn and research about things I don't know.
Implement.
Articulate the Risk Assumptions– what would need to be true for this idea to succeed?
Then, list out the known unknowns– metrics, data points etc I'd need to validate the assumptions
This a recent learning, after having worked in the new initiatives/R&D wing of India's fastest growing, food-tech start-up.
First of all I write this idea in notes, then I start research: read about it in different sources, ask question and tell about it people who can understand me.
1) I start by freely writing down my thoughts about the problem I am trying to solve, then I start a process of learning about the problem field (books, articles, interviews, podcasts...) as much as possible and generate more ideas in the meantime.
2) After the two steps above, I define v1 of my resolution to the problem and go looking for ideas, people, arguments, etc to refute my resolution or add new perspectives.
I do process 2 a few times (the amount depends on the size/complexity of the problem I'm working on).
And parallel to these processes I am continuously asking myself "how can I simplify this?" and if it is a new product I also ask myself "what benefits can I add to this without making it complex?". I like to ask these questions because I think it's very easy to make things complex and get lost on the way forward.
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