7 Tips for Idea Generation for Start-ups

The talk focused on how start-ups can quickly work out whether their ideas are feasible and we offer 7 tips to do that. This presentation was given during the SPRING Young Entrepreneurs Event and Idea Generation Workshop in Asian Civilizations Museum on 29 March 2010. Here are some tips which I spoke about during the presentation which you will need to get things started:

In the real world, you need about two weeks to work out the stage from ideas generation to execution. Here is how I will break it down for you using 2 weeks:

• Day 1 – Day 4: Sketch your ideas within the first four days on the industry you focused. Try to brainstorm without constraints and work out all possible ideas you have. The key is to make sure that you have enough ideas to be eliminated in the next stage.
• Day 5 – Day 7: From the list you have brainstormed, decide on the top 3 ideas which you think will succeed.
• Day 8 – Day 11: Do your market research, surveys and reading secondary data on your industry. One important thing is to make sure that you end up getting the final idea. Make sure you talk to people in the industry whether they are from an MNC and start-up.
• Day 12 – Day 14: Focus on the last idea you have eliminated and work out the timeline and milestones so that you can get a prototype to market within 6-8 weeks from this date.

So good luck in generating your ideas for the start-up. :)

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