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Fishbein - Where startup ideas come from : a playbook for generating business ideas

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Fishbein Where startup ideas come from : a playbook for generating business ideas
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Overview: How to Get New Business Ideas 4 Proven Methodologies

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Where Startup Ideas Come From

A Playbook for Generating Business Ideas

By Mike Fishbein mfishbein com amazon Table of Contents - photo 1

By Mike Fishbein
mfishbein . com / amazon
Table of Contents
Introduction

Most startups fail. But with the right approach to developing new business ideas, many of those failures could be avoided. At the core of every successful business is a product or service that people want. This book includes four methodologies that focus on learning what customers really want before building a product or trying to validate it.

These four methodologies were developed by studying what thousands of the most successful businesses in history have in common. In this book you will see how these four methodologies apply to the worlds most successful and innovative companies like Netflix, Airbnb, Uber, Kraft, Salesforce, Facebook, Instagram, Skype, Twitter, and more.

Software is eating the world...and disrupting nearly every major industry in its path. Software development and customer acquisition are getting cheaper and easier...and there has never been so many people using the Internet on their computers and mobile phones. There has never been a better time to start a business!

Entrepreneurship can provide you with financial freedom, the ability to monetize your passion, and the ability to provide meaningful value to society.

In todays uncertain economy, starting a business is not just an exciting thing to do; it may be essential for safety and security. Stop waiting for that elusive stroke of genius! Instead of waiting for business ideas to come to you, go find them. After reading this book, coming up with startup ideas will no longer be preventing you from starting a business. It has never been cheaper or easier to start a business. Learn from the success of some of the most innovative ideas in history and start your own business today!

You dont need an MBA, a business plan, venture capital funding, or exceptional creativity to get a great business idea.

An entrepreneurs job is to serve his or her customers by solving a problem or delivering value. In a free market, entrepreneurs who dont serve customers fail. To execute, an entrepreneur must identify customer demands and how to meet them. Name one successful company that doesnt offer a product or service that people want. Many of the best startup ideas come from solving problems or inefficient processes that customers have an urgent need to solve. The four methodologies in this book optimize for obtaining customer insights about problems and demands.

This book draws from lessons from top innovators like Eric Ries (Author of The Lean Startup), Steve Blank (Author of Four Steps to The Epiphany and The Startup Owners Manual), Chris Dixon (Partner at Andreessen Horowitz), Paul Graham (Founder of Y-Combinator), Dave McClure (Founder of 500 Startups), James Altucher (Author of Choose Yourself), Steve Jobs (Founder of Apple), and more.

The 20th century startup strategy was to (1) generate an idea, (2) build a product, and (3) see if it has market demand. The Lean Startup taught us to (1) generate an idea, (2) see if it has market demand, and (3) build a product if it does have demand. In this book, I propose to (1) generate an idea based on what market demand data you have or can get quickly, and (2) iteratively develop the product to ensure it meets demand.

Congratulations on taking this step towards starting a business. I hope that you will apply what you learn and achieve your goals.

About the Author

Mike Fishbein is an entrepreneur in New York City author of multiple books on - photo 2

Mike Fishbein is an entrepreneur in New York City, author of multiple books on entrepreneurship, and has advised both startups and Fortune 500 companies on new business innovation.

Mike is the Founder of stpcollege . com , an education technology company in New York City. With over 2,000 enrolled students, stpcollege.com's online courses help entrepreneurs start and grow their companies.

Prior to stpcollege.com, Mike was a founding team member of Casual Corp, a venture studio and corporate innovation firm founded by an accomplished serial entrepreneur. While at Casual Corp, Mike served as a lead product manager in incubating and launching three new consumer technology products. In addition, Mike advised some of the world's largest companies on new product innovation.

Mike's expertise lies in customer development, Lean product strategy, and customer acquisition. His writings on startup marketing and strategy have been published in The Huffington Post, Entrepreneur, and more.

Mike has been starting companies since he was a teenager, and serves as a resource and advisor to startups in New York City and abroad. You can learn more about Mike via his personal blog, mfishbein . com or on Twitter .

Mike is the author of several other books , including:

Customer Development for Entrepreneurs : How to Test Startup Ideas and Build Products People Love

Business Networking : How to Build an Awesome Professional Network

Growth Hacking with Content Marketing : How to Increase Website Traffic

The Ultimate Guide to Blogging : How to Start a Blog , Promote Your Blog , and Make Money Blogging

Section 1: Introduction to Starting a Business

Before we can understand how to get business ideas, we must first understand what a business idea is, and what a business is. Similarly, an architect must understand the purpose of a building before he or she can design it.

The first section of this book defines what a business is, what makes a good business idea, the reasons why you might want to start a business, and more. This sections explains that different businesses have different characteristics and different entrepreneurs have different goals and abilities.

After understanding the concepts discussed in this section, the methodologies for generating business ideas discussed in section two will be more intuitive. You will also be better-equipped to qualify your ideas and consider which ideas you want to pursue.

Chapter 1 What is a Business Definition of a Business The Wikipedia - photo 3

Chapter 1: What is a Business?
Definition of a Business

The Wikipedia definition of a business is as follows: A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.

The term trade, as used in the definition above, can be defined as an exchange of value. Two or more parties partake in an exchange of value. The exchange is made by choice by both parties. The exchange is always mutually agreed to. It is illegal (and immoral) to take someones money, goods, or services, without their consent.

People choose to partake in a trade because they believe they will derive value from it. For example, you might pay for a ticket to see a concert because you believe the concert will be entertaining and make you happy. Similarly, someone might sell their old books that they have already read because they believe the books, which have less value to them than they once did, could have greater value to someone else. The monetary gain from the sale could then be applied to acquiring something of greater value to the person.

The bookseller has no obligation to give away their books. The concert goer has no obligation to pay for the concert ticket.

A trade can be an exchange of goods, services, currency, or some combination. Below are several examples of a trade that illustrate the variety of possibilities:

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