Hi everyone,
This is my first post in this forum, and like everyone else, I have read the Millionaire Fastlane which totally changed not only my viewpoint about business, but also about life in general! I just wish I had read it 10..15 years ago!!!!
Anyhow, it's been a couple of months since I read the book, and if there is one thing that I have taken away from it is, I have learnt to spot business ideas, or I would rather say, problems that need to be solved.
While reading another famous startup-book, I have come across a successful multi-million dollar business venture that exists in the U.S., but after a bit of research, I have found, it does not exist here in Canada. The interesting thing is, though, the problem this business solves in the US, does also exist here. And I am stunned that no-one has implemented it, or at least not successfully!
I am now at a stage where I have finished all my market and industry research, and have spoken to a lot of people who are willing to pay for this! I am just starting to wonder how I could start working on a prototype or at least design for a solution. I have to say, it is a big idea that requires fair bit of business/marketing/technical expertise which I don't have. Besides, it will cost money to do it properly.
While my background is in IT and a bit of business (small business primarily), I feel I do not have the right knowledge and expertise to pull this off. I believe I have the capability to create a first prototype and bootstrap it, but I start wondering if that's the best tactic. I am confident my own validation on the idea is right, and that it is something people do really want. According to my research, it also fulfills the CENTS structure (5 commendments).
I am aware it is always best to break a big idea apart into smaller pieces, which I believe can be done, but I wonder what other people's opinion is that may have had a similar experience with a rather large idea? Do you look for a business partner? A mentor? Investors? Or, do you forget about the idea and look for something smaller? What would you do?
In the end, I feel I am really passionate about solving this problem, because this concerns a lot of people and a lot people could benefit from it.
Anway, thanks for reading my first post! I hope people will give me some great advice. It is much appreciated...
Cheers,
Chris
This is my first post in this forum, and like everyone else, I have read the Millionaire Fastlane which totally changed not only my viewpoint about business, but also about life in general! I just wish I had read it 10..15 years ago!!!!
Anyhow, it's been a couple of months since I read the book, and if there is one thing that I have taken away from it is, I have learnt to spot business ideas, or I would rather say, problems that need to be solved.
While reading another famous startup-book, I have come across a successful multi-million dollar business venture that exists in the U.S., but after a bit of research, I have found, it does not exist here in Canada. The interesting thing is, though, the problem this business solves in the US, does also exist here. And I am stunned that no-one has implemented it, or at least not successfully!
I am now at a stage where I have finished all my market and industry research, and have spoken to a lot of people who are willing to pay for this! I am just starting to wonder how I could start working on a prototype or at least design for a solution. I have to say, it is a big idea that requires fair bit of business/marketing/technical expertise which I don't have. Besides, it will cost money to do it properly.
While my background is in IT and a bit of business (small business primarily), I feel I do not have the right knowledge and expertise to pull this off. I believe I have the capability to create a first prototype and bootstrap it, but I start wondering if that's the best tactic. I am confident my own validation on the idea is right, and that it is something people do really want. According to my research, it also fulfills the CENTS structure (5 commendments).
I am aware it is always best to break a big idea apart into smaller pieces, which I believe can be done, but I wonder what other people's opinion is that may have had a similar experience with a rather large idea? Do you look for a business partner? A mentor? Investors? Or, do you forget about the idea and look for something smaller? What would you do?
In the end, I feel I am really passionate about solving this problem, because this concerns a lot of people and a lot people could benefit from it.
Anway, thanks for reading my first post! I hope people will give me some great advice. It is much appreciated...
Cheers,
Chris
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Last edited by a moderator:
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
