Determining which ideas are worth acting, after a brainstorming session or any other similar activity that leads to idea generation, it is not uncommon for the initiator of these sessions (manager / employer) to be overwhelmed with interesting ideas, since we all have limited resources, it is practically impossible to implement them In your processes and test them to see if they are good or not. That is why it is highly recommended that you find a way to determine which ideas are worth working on, and one of the things that can help you solve these dilemmas is thinking. This is a creative process that involves developing and generating new ideas so we will talk about identifying which ideas are worth working
Determine which ideas are worth working
How to find the best ideas: some basic tips
There is a reason to start the process of selecting the best ideas by analyzing their characteristics.
This way, you can decide which ideas your employees, business partners, outside advisors, or anyone else have presented to you.
With these things in mind, you’ll be conducting a basic test of ideas that will make things clearer.
First of all, you must do your research and see if someone else is using the same idea.
Things change very quickly in the modern world. Therefore, it is not uncommon for some companies to get similar ideas at the same time.
While we talk about situations like these, we must also mention that your idea does not have to be completely unique.
Let’s take the cafes. A few decades ago, people would usually sit in these establishments when they wanted a cup of coffee.
However, after a while, the fast-paced lifestyle of many people encouraged some coffeehouses to create “ready-to-coffee” offerings.
Therefore, this was not a completely new idea, but it was upgraded, improved, and focused on a specific category of people.
It doesn’t matter what kind of business idea you have if you want to make sure it’s worth working on, that idea has to solve a specific problem or multiple problems.
Obviously, this means different things in different industries.
For example, in the telecom sector, a good idea that can be turned into a product may mean a solution that provides high-quality communications at lower rates.
Sometimes it can come in the form of additional features that your target audience will find useful.
Creating a crowdfunding campaign can help you find the best ideas, too.
Thanks to the internet, it’s easy to create a crowdfunding campaign and see if people and organizations have an interest in investing in your idea.
Keep in mind that there have been many instances where companies did not get the money they needed in this way, but found investors in a traditional way.
That’s why we said this is just one way to test the value of your business ideas.
The idea you want to turn into reality should be easy to understand.
If you want to come up with an idea like this, you will have to spend more time on the details.
Don’t share your thoughts with the public if they are still in the first stage. Investors want information about the concept and the potential involved in the idea.
3 techniques I use to validate my business ideas
Now here are some of the ways I can validate my business ideas.
I build a Minimum Viable Product (MVP) and it’s basically the simplest version of your business idea, MVP shouldn’t be beautiful or fancy, it should be very simple.
Then I simply take the MVP and test it with clients and see the results.
MVP doesn’t always have to be what your business will be. What I mean by this is, if you are testing your idea for an iPhone app, you can create a video to showcase what your app will do, instead of creating a really simple app.
You should probably start this tip first, but okay. If I simply want to validate a business idea, I talk to people about it. The people you talk to about your business idea will not give you a yes or no answer, but they will give you an idea of whether or not the idea is sound.
Bear in mind that your family will be biased if you decide to talk to them about your idea. So talking to business owners or trade coaches are good people to talk to.
This is definitely the last way I validate my business idea. I use gut instinct. Now keep reading if you think I’m joking, but I’ll explain why I’m doing this.