Startup Funding Espresso Start With the Problem
Start With the Problem Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing. Good startup ideas don\u2019t come by looking for startup ideas. They come when you find yourself saying \u201cthat\u2019s interesting\u201d as you notice someone trying to solve a problem. To generate ideas for a startup, start with the problem to be solved. Choose a problem you have so you avoid the mistake of building something no one wants. Startup ideas are plentiful but ultimately you have to sell the solution to someone. If you\u2019re not solving a real problem, then it will be difficult. Solutions to real problems attract people who are willing to pay. To test your startup idea, ask the following: What is the cost of this problem to a person in dollars? What is the cost of this problem to that person in time spent? How many people have this problem? How many people who have this problem want to solve it right now vs later? Focus on startup ideas that are must-haves. Avoid ideas that are nice to have as they are hard to sell. With practice, you can build the skill to identify good startup ideas. \xa0 Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.Let\u2019s go startup something today. _______________________________________________________ For more episodes from Investor Connect, please visit the site at: \xa0 Check out our other podcasts here: \xa0 For Investors check out: \xa0 For Startups check out: \xa0 For eGuides check out: \xa0 For upcoming Events, check out \xa0\xa0 For Feedback please contact info@tencapital.group\xa0\xa0\xa0 Please , share, and leave a review. Music courtesy of .