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60 SECOND TIP: Is Your Startup Idea Any Good?

Posted in Insights by Jon on 19 May 2015 at 12:13 BST :378

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60 SECOND TIP: In this video, Jon Stephenson (Head of Business Insights, Khemeia Consulting) talks about one of the keys to startup success - good ideas that solve a problem.

 

 

Almost everyone has ideas. But it doesn't necessarily mean that your idea is a good one.

 

The best ideas are ones that actually solve a problem.

 

As a startup, you may think your idea solves a problem. But what are you basing that on? Are you going on a hunch? Or does your product/service actually solve an existing problem?

 

Simple Startup Formula:
1. Find the biggest problem
2. Solve it
3. Repeat steps 1 and 2

 

Comment:

Who are your favourite startups?

What problems have they solved?

 

 

Khemeia Consulting is Yorkshire's Innovation Agency. We believe that innovation is the key to business growth.

About the Author

Jon

This post was written by Jon Stephenson - our Head of Business Insights

SUPER POWERS: Business Modelling, Business Analysis, Business Intelligence, Market Research, Marketing Strategy, Bicycle Repair Man

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