A few thots..from here and from there

Do you have a business idea?

• That has the potential to be the next Google or Microsoft
• Targets the segment that has never been addressed before
• Sees the business nobody has seen before
• Has absolutely no competition from anybody

Welcome to the world of B Ideas (business ideas), a world in which people get these ideas in tons. They are all the “world’s best” or the “world’s first” to say the least. Did I say “all the B Ideas are great” and you an originator of the idea were thinking that you are the God’s chosen one to “Change the world”. Read on!

I am no Venture Capitalist or Angel investor rather I am looking for one but have had this experience so many times before that when I discuss these ideas it is a déjà vu for me.

I have been a part of a few B Ideas and I can safely say that I have atleast gone through the cycle of ideating a concept and writing a plan for the same. My intention is not to dishearten anybody (only if would have the ability to do so) but just to share what I have learnt as being a part of these B processes (business processes).

Let me quote an incident, I once got a call from some very good friends of mine, all excited and almost jumping about a B Idea that has struck them. It was truly novel, probably the world’s first , just that they could not figure out what would be the revenue model. It might seem funny to you that what is a business idea without a revenue model but the message I am trying to convey is far deeper , we budding entrepreneurs get just a bit tooooo excited with our ideas. Our happiness seems to block our thought processes and it is just so impossible for us to hear the shortcomings of the ideas.

My biggest takeaway from my tryst with around half a dozen B plans and a zillion B Ideas has been that one should give his idea some time. Once it has struck to you and you are fairly confident of the same ask this one question:

“If you are given all the money and the resources you want, are you ready to leave your job and follow your dream”, my experience says that most of us are not.

Secondly talk to people or your friends to not to seek appreciation but to let them think through and listen to all what they say, even if sounds shit because even they might have said the same for you!

If possible run a small survey amongst the potential consumers that if they at all want your offerings at the price you are demanding, trust me there are so many ideas that are just toooo good to be bought by anybody.

I don’t say that I am an expert on B Ideas as had I been one, I would have become an entrepreneur by now. Its just that I have seen the process many time over and maybe know it just a bit better.

Thanks for reading and congratulations for surviving this!