Your Best Startup Idea - Is A Problem That You Are Great In Solving...!
Pic Credit : Arek Socha

Your Best Startup Idea - Is A Problem That You Are Great In Solving...!

“The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.”?–Nolan Bushnell, Entrepreneur

So do something, it is high time. Stop Dreaming, Begin Doing. There are doers and there are procrastinators that behind all kinds of pretexts.

"Excuses will be Excuses and Really Speaking there Is NO Excuse for Making An Excuse" - Raj Sukheja

I hear this particular problem all the time, "I don't know what business I should start." Well, let me make it simple for you because it really is very simple.

You know of a problem that you can solve which many find it difficult or lack the time or effort to deliver upon, that is the direction you must focus upon. That my friend is your business right there!

You have identified a niche market and already possess the know how to deliver a solution to a problem that many will require. The next step is understand the size of the marketplace and finally the pricing that will be acceptable by your potential clients.

Price it right, even lower in the beginning, if necessary! When you see sufficient traction in your business from your customers, you can always tweak your product and price looking at calling out to premium deals.

But be careful, if your product is to be positioned towards the premium market then competitive pricing may not work but rather undermine the solution you are providing because low pricing is usually a sign of low quality and not many will be interested in buying low quality solutions in a premium market.

Research Well & Plan Ahead and Launch Your Product/Service.

I am not going to go deeper into details but if you require support, you can always reach out to us at Red Mammoth Ventures for a paid consultation. We can work with you to develop your product and other aspects of your business pre and post launch. We have done the same for 100's of Startups over the years both in India and Overseas.

We offer 360 Degree Consulting Services for Startups beginning from Idea to Capital Raising and everything else in between.

Remember the easiest solution has a market today as has the most complex although the price may vary based on the effort required and the expertise to deliver results.

We've seen startups selling databases, writing resume's and profiles, developing and hosting websites, building apps, managing cloud kitchens, providing psychic services and of course managing fleets of taxi's without even owning a single car. There are startups that manage celebrations and funerals. There are also startups that arrange specialized customized tours that cater to specific client preferences.

In short there is a market for everyone. Finding what you are good at is important, keep practicing it and becoming better at it. The more you do it, the better you become and finally make it your business so that - your passion becomes your livelihood. So, I have added passion to the list of qualifiers in respect to the business that you may get into because that is the high value algorithm - Passion + What You Are Great At + Getting Better = Probable Success.

What do you think of this article? Do you agree? I look forward to hearing from you on this.

Share the article, if you find it valuable. Reach out and follow me on linkedin.com if you feel that you have learned from this content. I am also available on instagram @rajsukheja and youtube @ecatalyst with videos with original content on business. I can be reached at email [email protected]

Raj Sukheja is the CXO of Red Mammoth Ventures LLP., Mumbai and consults for?#business ?and?#finance ?for small to large company's worldwide. He is an?#author ?#writer ?#speaker ?#mentor ?calls himself?#evolutioncatalyst ?#evocat ?and is a?#thinktank ?cum?#financialconsultant ?offering?#consultingservices .

Disclaimer of Liability. The Author shall not carry any liability for any direct, indirect, incidental, special, exemplary or consequential damages arising in any way out of the use or distribution of this article as this article is a perspective of the Author and not to be deemed as any or specific advice to anyone from the Author.?

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Kshitiz Mohan (Pankaj M Sharma)

Managing Director at KIKK INFOTAINMENT PRIVATE LIMITED and Pansus Health Care Private Limited Interventional Cardiologist MD Kikk Infotainment Pvt Ltd

1 年

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