{ "media_type": "text", "post_content": "How many of you are sitting on amazing business ideas but are too nervous to take the jump? \n\nFee like I’ve got a great idea, just have no idea how to get started ☹️", "post_id": "5d05c1e694f481001c4d86a5", "reply_count": 10, "vote_count": 13, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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How many of you are sitting on amazing business ideas but are too nervous to take the jump?

Fee like I’ve got a great idea, just have no idea how to get started ☹️

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Sure. In my case I am planning a combination retail/restaurant thing and I'm a "words over pictures" kind of person. So I have all kinds of things in my book from recipes I've developed to mind maps about products, fundraising ideas, expansion plans for years 1, 3, 5, 7. I have pictures and articles I've clipped, but also sketches of my store layout, custom products with my logo. The articles and notes are about comparable businesses, personnel management styles that speak to me, raising money, things like that. It's like my business plan in a flip book. It's my way of thinking through all the things I want for the business. So it doesn't just have to be pictures. It's whatever you need it to be.

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Started a vision book and a business plan three years ago and have had two kids in that time. I think my kids, more than anything else, make me afraid to take the leap. Funny thing is, it's my kids that should make me WANT to be in business for myself, to have a legacy for them. Just so scared of failing when there are folks depending on me.

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Time to get out there. Worse thing that can happen is you have to come up with another idea.

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Idk I feel like if I've thought of it, it's already been tested and failed. Definitely wouldn't sacrifice my job over an idea.

As a data scientist, I'd begin by testing your assumptions about your market and making sure they are exhaustive and not false. Then build continuous experiments from which you can decide to continue or pivot based on outcomes. Narrow in on a niche market and make your product something they can no longer live without. Scale. Finally, make it ten times better than any competitor.

You'll never be ready, but you gotta start failing eventually.

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You also have to know that you bring something unique to a market. Generally speaking, if you're trying to create a new market then you're creating a situation that's more difficult to succeed.

In other words, don't try to sell what people aren't buying. At least as you get established.

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