In contract, those who want to get rich by “being an entrepreneur” often come up with ideas that don’t really reflect any proprietary insight or interest. They’ll launch an undifferentiated e-commerce site with few barriers to entry, or they’ll read a Gartner report about a new enterprise market predicted to be worth billions, and they’ll jump into it with a me-too product. When they hit the inevitable bumps in the road, they may not have the drive to power over them, or they may not have the proprietary insight to outsmart competitors.
The best entrepreneurs work on ideas that grow out of their personal experiences and aptitudes. Their ideas often are counter-intuitive and don’t seem likely to work at first. I highly recommend this essay this infographic bellow:
How to Get Startup Ideas.
1. Startup life can provide a career full of accelerated learning, great camaraderie and teamwork, and it will at least leave you with some great stories. If you really want to enter the startup world, and not only for a quick acquisition, you could try:
2. Get awesome at something. Become a great engineer. Designer. Product manager. Marketer. Sales rep. Growth hacker. It is hard to start or join a great company if you aren’t great at a job that most startups need done.
3. Go deep in an industry. Many of the best companies are started by founds with proprietary knowledge in a specific field, like ad technology, insurance, supply chain management, information security, or many others.
4. Join a great startup. If you don’t have an idea where you have proprietary knowledge or passion, follow founders who do. Join the team early, contribute however you can, learn as much as you can, and it may lead to your founding your own company in the future as you get exposed to more people and ideas.
Infographic brought to you by Wrike Enterprise Project Management Software