This is the second follow up to our post “Student Start-Up Advice (via Twitter!)”
Question 2: Once someone has an idea, what should their first steps be?
Some great advice here! Start by writing it down, but don’t worry about producing a fully detailed business plan at this stage. Then test your idea on as many people as possible, don’t rely on family and friends who may not want to give you a less than encouraging response. Research, network, plan, research, test it out…
- i think that they should write it down before they do anything else
- absolutely, the start of a business plan is the best way to go. Doesn’t have to be the polished version
- test, test and more tests. Market, honest opinions from friends, financial. That’s when the hard work really begins!
- Twitter, LinkedIn, all tools to use – Co-Working. Keep your eyes out for events like this etc! Don’t be afraid to say hi!
- Test it out and ask people who are completely impartial. Your parents and friends might be a little too biased!
- First steps: Planning, research & feedback. Logic the idea out, do some research, get feedback from experienced individuals
- Find customers prepared to pay… not friends or family!
- My tip:Network! Promote yourself – dont sell yourself
- market research to *disprove* your theory as well as support it. NB competition proves your theory! It doesn’t disprove it! (via @digitalwestie)
- organise Twitter focus groups for new business ideas? Call them twests?! (via @tutorsalliance)
- Research your idea, then get out there & test it out! Need some desk research first, but best research is with real customers
- you can access market research reports from orgs like Business Gateway
- Also lots of free reports – just google! But use common sense to interpret what you read
- Ask bloggers in your chosen sector, they have finger-on-the-pulse data & can help getting your idea out there after research (via @tartancat)