Want to start a billion dollar startup? Stop thinking about ideas and start looking for problems.

Yes! You read that right. If you want to start a billion dollar startup and you are looking for ideas to work on then most probably you are doing it wrong. Why? As said by famous entrepreneur turned Venture Capitalist Paul Graham:

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So, basically what you have to do is think of a problem that a big population is facing (recommended: including you) and then come up with a solution which is easy to implement as well as easy to scale and helps those facing the problem in the best way possible.

The reason why it is recommended to have that problem yourself is that it ensures that the problem actually exists and you are not merely making it up in your brain. Because, if you'd work on a solution for a problem that does not exists then without any doubt it'd be a failure.

I would recommend this book for some amazing points to keep in mind while looking for a problem:


Now, just start observing yourself deeply doing your daily activities and try to figure out that where you faced irritation and thought that this thing could have been better if such a feature or any other thing would have been present in it.

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This is where you start coming up with some problems present in today's world waiting to be solved and now is your chance to solve them! How to start solving it? Well, you can buy this book for some amazing advice:



or can visit ycombinator.com for expert help!

Stay tuned as more such helpful and interesting articles are on their way.

You can also suggest me some topics on which you'd like to read.

Till then, STAY HUNGRY. STAY FOOLISH.

Comments

  1. Unknown4 August 2017 at 05:20

    Interesting idea, thanks!

    ReplyDelete
    Replies
    1. Unknown4 August 2017 at 05:53

      Thanks, Bingo. Your comment means a lot. Please subscribe.

      Delete
  2. Sandip Singh4 August 2017 at 06:27

    nice..

    ReplyDelete
  3. Anonymous20 March 2018 at 05:07

    Thank you for provide the best business ideas. It is very helpful information. Thank you for sharing this great information.
    Business Opportunities in Chennai | Small Business Ideas in Chennai | Best Business in Chennai | Business for Sale in Chennai

    ReplyDelete
  4. Business Setup Consultants Dubai4 March 2022 at 20:54

    This comment has been removed by the author.

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  5. Business Setup Consultants Dubai4 March 2022 at 20:55

    This comment has been removed by the author.

    ReplyDelete
  6. Especia associate llp4 May 2022 at 21:47

    Nice blog. Thanks for sharing.Especia is dedicated to providing startup valuation services through numerous business dominions and uses the Startups Valuation Methods. A startup with less or nothing as income and profits and the future is also not certain it becomes extremely difficult to determine the valuation. Especia is the company with your one-stop-destination in determining the best and accurate valuation of your startup. The startup valuation services allow the investor to develop an interest in your startup venture.The startup company valuation has benefits such as knowing the startup's market value, near-future plans such as business expansion, getting investors and lenders. if you need startups valuation services call 9310165114 or visit us Startups Valuation Services

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  7. Hisabkitab12 January 2024 at 01:16

    Thanks for sharing this information. Whether you're a small startup or an established enterprise, our accounting software in Surat is tailored to meet your unique needs, ensuring a seamless and productive financial workflow.

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