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How can I start a new business?


Tags: new business start



1) Take something you're passionate about. eg Soccer.
2) Find the market gap (the underserved area or issue within your passion). eg. Soccer balls don't give feedback. But in your New World, Soccer Balls have sensors that know the parameters of the field (for boundary issues). They know their speed, and who kicked or dribbled them, when and how fast, with how much English on the ball.
3) Prototype using existing hardware. Beg and borrow the talent to make it happen.
4) Presell it to individuals, teams and the market channel using Kickstarter, Indiegogo or similar crowdfunding service (so you're both preselling AND funding, all in one fell swoop).
5) Get busy marketing.
6) And better get into production. Refine. Test and otherwise make happy customers. Iterate fast.


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