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Next Advisor Market Research I think the biggest killer of new ventures is good ideas. A good idea sparks the imagination, causes the founder to invest heavily in a dream, and much of that investment goes into building filters to bad news, which ensures you will be way too overconfident and prevents you from transforming a good idea into an idea that works. The end result can get pretty ugly, and usually involves uncontrollable crying. (That’s right. Real men cry.) As an idea man, I have learned the hard way to distrust my ideas. Better to start with some problems worth solving that I am uniquely able to address and build a simple MVP prototype with no expectation that it will work. Then find out what is wrong with it, fix it, repeat.
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There is also a growing popularity for full software suites like LeadPages or ClickFunnels that provide the tools to build websites, sales funnels, landing pages, and all of the marketing pieces.
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I think what I would have done differently in my self-employment walk would be to start sooner, yes…definitely..and also to do what’s right for ME. So often we want to model after someone else who has been there or “made it” but replicated clones of Tony Robbins or Corbett Barr is not what the world needs.
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