Wednesday, December 30, 2015

My 7 step idea process | Entrepreneur

Read the danish version here: Min 7 trins idé proces

Getting from idea to results
Getting an awesome idea is just awesome but executing it and getting results, needs attention and work.
I'm differently better at getting ideas than executing them so it is important for me to go through a whole process so I know that I will be able to execute the idea as well as possible. In this post I will go through the seven step process I put together for myself.

1. Getting the idea
I usually get my ideas at strange moments and strange places but sometimes it also happens in a normal environment, like in the middle of a conversation or when I'm particularly trying to find an idea. Sometimes I will even dream them.

Ideas are different and they can be too early. They get categorized as: saving for later, execution right away, giving it away and in the trash.

2. Excitement
Getting a great idea is amazing and I get really excited. I work, walk, eat and sleep thinking about the idea. I will be forming it in my mind and as I find something unique about it I will write it down. This will probably take a week or so, depending on how complicated the idea is.

3. Testing
It's important to test all ideas otherwise you can loose a lot of valuable time and money. First I will start bouncing the idea off my family and friends. Then I will do some research and find out if it already exist or if it needs some modifications, then I will do it.
After I have the idea in place I will ask the potential customer about their thoughts and critic of it. It usually gives a new perspective and helps form the product.

4. Evaluating 
To evaluate I will use the Business model Canvas. See if it looks like it could be something.
If the idea passes I will try to make it as unique as possible and find the so called Blue Ocean, otherwise I will throw it in the trash. - Here it is very important to listen to your gut too. Learn to trust it because reaching your goals is not only hard work but your gut has to be with you too. May sound strange but if it doesn't feel right, you wont be able to give 100%.

5. Working on it
This is were I will work on getting all the necessary agreements in place, the different key partners involved and prepare everything necessary to launch the product. This process doesn't always go as planned. It can take extra time than expected and that is all right. Everything doesn't always go as you plan.

6. Execution
Just let i go. Even if it isn't perfect. Even if it's not all done yet. Don't wait for perfecting the product because when it hits the water you might have to change some things about it. If you keep waiting for the product to be ready, you will never be ready.

Don't put all your energy in one blow. Test the water little by little and then when you have done the necessary modification you can let the ship go. Normally I will go through step four, five and six a couple of times to get the best result.

7. Getting results
When the product is done and ready you can for example use Google Analytics to get an overview of your results. If you have launched similar products before, you can compare the results and see what you did better or worse. By doing that you can better your next product launch.

- Hafsa

P.S. Be the first to receive my most important news from my entrepreneurial journey, subscribe to my newsletter.

No comments:

Post a Comment