Daily things to do as an entrepreneur (week 4): practice gut feeling on your ideas
Posted in Authentic Entrepreneurship, Personal on March 20th, 2010 by 2above – View CommentsWe often hear entrepreneurs attribute their success to “gut feeling”. We often heard people persuade us “to listen to the heart”. Have we ever wondered what the gut feeling really is, scientifically? It turns out, as Simon Sinek’s book “Start with why” explores, it is more of a biological fact than “feeling”. In fact he wrote the whole book and build a whole business to “inspire people to get inspired”, based on this biological fact. I have so far covered the first 6 chapters of the book and I can say this is by far the best business book I have ever read, beyond tipping point, built to last etc.. Why? Because it’s relevant to us entrepreneurs, and it’s actionable.
So, this week, the 4th week since I started the series “daily things to do as an entrepreneur”, I am practicing “gut feeling” to all my ideas and see which one sticks the most.
Step 1: Read “start with why” by Simon Sinek
Get the book “Start with why” and read it, at least the first 6 chapters. If you can’t wait for book to arrive, watch this interview with Simon Sinek to get a glimpse of what he has to say. To us entrepreneurs, building something “people want” and “trust” is the key. To get there, we have to start with the basic: set out to define our mission to see if it resonates with average people. Simon examined the way Apple defined/built its first iPod as “1000 songs in your pocket (wherever you go)” instead of “a mp3 player” (which is what iPod really is). It feels “right”, people hence love it. As entrepreneurs, we must find our mission.
Step 2: Finding your mission
I often hear entrepreneurs succeeded by developing something out of his/her personal hobby or passion. It intimated me a lot because I could hardly find any hobby that I am truly passionate about. But I am over it. I now realize that finding your startup mission or cause is different from finding your hobby or passion. We may never have a true passion or hobby per se, we definitely should and can find our entrepreneurial mission, ie. why we are doing our project, and why people should use thing we build. That mission has to be personal to average people, it has to strike people’s gut feeling, it has to “feel right”.
Step 3: Evaluate all of your ideas using “gut feeling” test
With “evernotes” iphone App, I collected bunch of ideas on regular basis, they started as “what it does” for people. But now I throw question “why should people use it” and see if the answer comes natural, feels right, before I even consider to spend time thinking about how and what to do to build them.
Step 4: Practice makes perfect
Practicing step 3 often enough, you will soon discover that entrepreneurial projects passing your “gut feeling” test all bear certain common traits. It’s no longer a matter of “if people would use it?” (because you will find people who like and use your product), it has become a matter of “how many people will use it” (or market size problem because your product may only address a small problem)
Step 5: Carry on
Once you have defined mission, everything else become crystal clear. It’s time to get down to work, finding partners, hiring, building, or DIY. It’s only the beginning.
I am having fun go through this steps, I hope it’s helpful for you as well.
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