Startups - Generating Ideas and Execution

Generate innovative ideas and work on them. But keep in mind that idea is just the first step - execution is what really matters.

How to generate ideas:

1. Keep up with latest trends in market - what kind of technologies companies are using, what kind of new products are launching. Follow tech blogs like TechCrunch and news sources like economic times.

2. Participate in hackathons. Few places to check:

   • HackerEarth
   • DevPost

3. Follow online entrepreneur communities like:

   • Hacker News
   • Indie Hackers
   • Product Hunt
   • Reddit Startups

4. Explore open source projects on Github.

5. Attend local meetups in your area of interest.

How to execute:

1. First validate your idea by discussing with experts and prospective customers.

2. Once the idea is validated, think about your MVP (Minimum viable product) and start building it.

3. Ship early and take lots of feedback.

4. Improve your MVP by incorporating feedback and look for product-market fit.

5. Once your product is validated and your business is creating value, you can seek funding to scale up.

6. A startup is not just tech. Think from all perspectives - Product, Technology and Business

7. Have clarity about your business model and revenue model right from beginning.

8. Look for a good partner who can be a potential co-founder and have complimentary skills. Start building a team.