A bit of a rant, but also seeking some support.
I struggle at coming up with viable ideas to turn them into businesses.
It really frustrates me because I do want to try my hand at entrepreneurship.
When I think a lightbulb comes off and I reflect on the idea, either (1) it has already been done or (2) it just send technically way too difficult.
I’ve tried and am trying my hand at entrepreneurship.
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Pre-COVID I want to start a payment processing business for a small European country. Basically Square for that country. I spent a lot of time researching and learning, did a little market research, joined an incubator to get mentorship, but I was way over my head. Not an original idea, margins are too small, no money, hard to raise, and working all alone (a recurring issue of mine, no cofounder). I recently shelved it.
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I’ve been writing a crypto newsletter and podcasting for about 24 and 15 months respectively. When I was working I didn’t put any money on it, ran it on a shoestring to validate the idea. Since starting it I’ve gone back to school and am still doing it. Not interesting in marketing makes it hard to get subscribers. I don’t have that many. Bright side is that I’m able to use it to meet people by positioning myself as someone from the media. Nevertheless, it makes no money, but a great tool to establish new relationships. Bottom line, the world doesn’t need another newsletter or podcast, but I plan to keep it up for the networking aspect.
My background is in banking, 10 years in the industry, did various jobs, climbed the ranks, didn’t love it, even hated it sometimes, but I have a solid financial services and sales background.
I’m not technical, always needed a technical cofounder.
I have a buddy and we’re trying to come up with ideas, but most stuff we come to with has already been done or just not viable.
Feeling frustrated. Going back to work for ‘the man’ doesn’t feel great.
Anyway, not sure what you can feel me, but love your perspective.
Any suggestions on ideating effectively works be quite helpful!
Thank!
The idea of a lifetime comes once a week. Execution makes the difference.
Execution > idea.
And at some point, just moving in any direction will get you to that “original idea” after a while anyway, because you’ll learn through doing and getting things wrong. Chances are your idea needs to be validated anyway. So just get to work and you’ll get there. The more you wait around the more time wasted before validating and building.