Project creating: Idea for project (1/3)
Idea Evaluation Stages
Start:
1.Genius idea
2.What problem will it solve
3.Execution
4.Down to earth evaluation
5.Result
Start
We all are familiar with ideas and moments such as “no one else could thought of this, and this is GENIUS” moments.
Some of us tend to note down ideas that pop into they’re head, others tend to keep a clean memory of successfully executing it without keeping any sort of note.
This article will focus more on point why you should have a note, and turn your Genius idea, and test it honestly is it so genius after all.
1. Genius Idea
Term that I’m using Genius is used to truly understand, is it truly genius and at which point it is, if it is.
First understand the truth, your idea is unique and it is a very good thing that you have it, as some people lack this skill of thought development.
Secondly you need to write it down, you must. Ideas in our head of creating something vogue or beyond expectation with world changing structure sometimes are unrealistic with execution. It is very good to plan things ahead, having your scope and agenda lined down in sentence or two.
Define your scope, make a note.
First example
Social network for pet owners to connect and share pet photos.
Second example
Social network of multiple pet holders over some sort of platform to chat, buy, sell pet equipment, evaluate pet stores, rate pet photos, define characteristics of each and every pet there is in the world.
2. What Problem Will It Solve
Internet is filled with tips such as “Think Your Business Idea Rocks? 10 Ways to Know”. It is very good to be critical about it, but you don’t need to write a complete document about it to understand that it is profitable or self-sustainable idea to begin with. Simple question to ask what kind of problem it will solve for your targeted audience. First you need to solve a problem, or inform how you will do it, and afterwards you will have ability of executing your Genius idea.
I will further develop previous examples to further clarify and prove the point.
I will remark first point, there is no such thing as bad idea, as after trying you will have your mind settled, ether you tried it and you are calm to let it go or you know what you will start doing tomorrow and this was a good approach to begin with.
First example
Social network for pet owners to connect and share pet photos.
Problem it will solve: Photos and videos of pets and happy photos of home kept animals . Similar to any pet like chat forum, just social network to share positive emotions and express or remark moments with home pet.
Second example
Social network of multiple pet holders over some sort of platform to chat, buy, sell pet equipment, evaluate pet stores, rate pet photos, define characteristics of each and every pet there is in the world.
Problem it will solve: Network of sharing photos around pets, Ability to buy, sell, trade equipment, evaluate retailers, rate pets and create database of every pet characteristics that will be easily accessible.
3. Execution
Execution is step where you think realistically and critically over your written points to get as much reality check points as you can. Execution or as I like to call it, how will you make it?
It would be far easier for everyone to be experts in all of the areas of technology, however that’s not the reality. We need to think of execution by ourselves how we would make it, and how long or how far creation process needs to go in order for it to start solving your problem.
To be fully clear, your idea is still an idea up until it starts solving problem, it may be early basis of completion, but as long as it executes and sorts it you can start delivering it to set number of people to start using it. Execution evaluation is necessary.
First example
Social network for pet owners to connect and share pet photos.
Need: Social network platform to build or rent, rent storage capacity for photos of pets, advertisement for new social network over social network or live media.
Second example
Social network of multiple pet holders over some sort of platform to chat, buy, sell pet equipment, evaluate pet stores, rate pet photos, define characteristics of each and every pet there is in the world.
Need: Social network platform buy or rent, Ecommerce integrated or built within, chat system built within, rating system and score board within platform, wiki pages just for pets transfer and remodel ownership exploitation.
4. Down To Earth Evaluation
Understanding that idea needs realization and some points more than other are more complicated to complete and to manage, you need to have down to earth realization thought process lined up.
This article won’t be covering cost and prices, just glimpse of it. Main problem you are trying to solve, how you will deliver your needed aspects of idea to reality, what can change or get to make it faster and more accessible for your idea to be realized faster. Easy to evaluate with examples:
First example
Social network for pet owners to connect and share pet photos.
How are you planning to sustain your idea, will it be self-sustainable or you will require funding, how you will get it?
Buying tool that is already developed puts you in situation where you need to adjust to layout and structure of functions, can idea be executed with limited or custom functions that is provided by particular vendor, or it won’t function without it?
Will you have enough resources to buy it or rent it necessary tools, and people supporting it?
Idea requires monetization and sort of administrative controls, ether rule set or person viewing and reviewing content to prevent harmful content, how much of responsibility and limitations this idea plans to have to limit unwanted activity and prevent untheatrical acts to exploit it. To sum up, definition what cant be done with this idea, and will it still function as idea, and can it be monetized?
Second example
Social network of multiple pet holders over some sort of platform to chat, buy, sell pet equipment, evaluate pet stores, rate pet photos, define characteristics of each and every pet there is in the world.
Using same questions as first, and adding additional.
How much of staff idea tends to hire to overlook buying, selling and use of money in platform.
Rating system needs to be in place, how will it affect or sort the problem if one of top sellers in your idea gets rated lowest, how will you ensure relationship with them?
As plan is to have characteristics of each and every pet there is the world, how big of the staff is expected to be hired to view and overlook database of pets. Why it is so important to have it?
5. Result
After you have your idea noted down, and expectations set you need to think it though. Do you need or lack some insight, to have a full picture about your project?
Do you require more of business side/legal side insight to make your idea self-sustainable and sustain you?
Do you require more of technical insight that will help you evaluate and determine how expensive your idea really is to deliver and execute.
There is more articles over internet how to determine if your idea is suited for investment of your time or it should be held back, but there is no reason after you determined idea to be executable and down to earth deliverable. After self-evaluating idea its best to seek guidance for expert in the field to give you his insight for pricing and executing, or even give shout out to your potential or existent investor.
After you went though all of the stages you can easily determine what you will do next, my advice is to place it into category accordingly:
a) Needs to be Updated/Rejected
b) Idea is set, I need to focus in clear project description.
c) Hold on, I think I have a similar and more advanced idea, I need go though steps again.
After it was placed there you can simply answer to yourself if your idea was just an idea, or it is Genius.
Final Thoughts
Just be true to yourself, idea that is thought by you is a genius idea it all comes to resources and problem solving, how big of a problem will it solve, and how often.
Example of idea that had trouble executing it was: 99 cent coin currency, it had good execution where most of items cost XX.99 cents, and if you have flat currency 99 cent you can just pay with that. Main problem objective was how you will play taxes with this coin as it is only good for buying items, not selling them or using for any other purpose.
In order for you to know that you did good or bad, make a note create a catalog of ideas go though execution and reality check and you will know if you want to continue or not.
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