Where To Find Startup Ideas

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Founders looking for their next startup seek ideas for launching a business.

Some look at what other founders are doing and then copy the idea.

It's best to start with a customer problem that has not been solved.

Once you have a startup idea, test it with the following:

Are there customers who will pay to solve the problem?

It's easy to come up with startup ideas that have no paying customers.

Do those customers have enough money to pay for the solution so it can become a business.

Many problems exist because the customer simply doesn't have any money.

Are there enough customers who will pay for it?

Look for a path from a corner case problem to a broader market solution.

Imagine what the future may look like.

Now fill in the parts that are missing.

The best ideas come from identifying something interesting, such as finding people will pay good money for something considered trivial.

Look for the pain points that must be solved.

Avoid the nice-to-haves that may be useful, as there won't be enough revenue to sustain the business.

Consider these points in identifying startup ideas.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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