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Ideas
Matter
Idea is like opening the door
Get out of that darkness !
2018/12/6 4
to get ideas?
Where is the Key
1
3
5
7
2
4
6
8
not from where they come
Ideas matter
Missing in market
Personal Experience
Opportunity
Domain Knowledge /Expertise
Passion/Hobby
Specific Customer requirement
Me-too / Emulation
Academic research
Missing in market
There were many Colas and
different flavours and there
was no Jaljeera, which is quite
popular !
There you go…
Enters Paperboat
Craig Newmark began the
service in 1995 as an email
distribution list to friends,
featuring local events in the
San Francisco Bay Area
It became a web-based
service in 1996 and
expanded into other
classified categories.
Enters Craiglist
Personal Experience
Opportunity
Amazon selling books
Observed opportunity and
expanded to e- commerce ( see
all their products now)
Now so many grabbed the
opportunity of COVID-19 …
and started making face
masks, PPE kits, ventilators!
Grab the opportunity
Byju Ravindran was good in
taking tutorials and he was
good in what he does. There are/
were many online/offline
tutorial, he made an entry
…….. and he created an Unicorn !
Capitalise on your Domain expertise
Domain Knowledge
Passion / Hobby
Salman Khan was living
in Boston and his cousin
Nadia, who was in New
Orleans asked him to help
in home work in 2004. He
started teaching through
Internet. Soon other
cousins and their
schoolmates requested. In
2006, a friend suggested
to make Youtube Videos!
Spread your passion
and he created the poplar khanacademy.org in 2008!
Cordis Corporation, a medical
device manufacturer in
Florida was making
angioplasty balloons, which
are used to open the blocked
arteries of cardiac patients.
Their survey with Doctors,
nurses and other medical
professionals recognised the
potential value of a device that
could be placed in a treated
artery to prevent a blockage
from recurring.
…….. and they created STENT, which made a history.
Listen to users!
Customer Input
Me - Too
Copy, But improvise !
There are so many research
projects that may become
products/solutions
Innovate
Academic Research
What Shall I Hit first? Have my clients
- Build something for them
Have my Idea
- Find buyers for that product
Think about idea
Write down the idea
Talk to others
Start doing something
Action plan
Check if worth doing
2018/12/6 15
Talk to your
potential
customers
Are they willing to
pay?
Document it!
Why are you doing
this?
What problem are
you solving?
Who are you solving
this problem for and
what are they doing
now?
Talk to people
who think your
idea is terrible !
Do you know if your idea works?
2018/12/6 16
Whom you should talk to
Business coach/Mentor
Spouse/Well wishers Chartered Accountant
Sales & Marketing Guy Banker / Finance guy
Lawyer
before you start
2018/12/6 17
● Industry Outlook
● Market trends
● Market size
● Competitor research
● Competitor market share
● Target segment
● Product marketing
● Product pricing
● Customer experience &
satisfaction
● Market segment
Market research
Don’t ask others for Ideas.
(heard the rat & wise owl story?)
Problem :
You may have thousand great
ideas…and they keep coming
your way!
Solution :
Pick up that one idea.
Commit to it.
Give it all the resources.
My idea is the best.
Wonder, why no
one thought about
it !
What could be the
reason that no one
did?
If some one could
do,
I CAN do !
How many ‘Free’
users are
willing to
become ‘paid’
customers?
Be careful with ‘socially desirable answers!
No idea is
big or small…
it depends on how
you make it
big or small..
There is nothing called
‘successful idea’
You need to make the
idea a successful one !
- Users did not find anything more valuable than youtube!
Why some products of Google failed?
Google Video Player
- Users did not find anything more valuable than Twitter!
“A wave is a live, shared space on the web where
people can discuss and work together using richly
formatted text, photos, videos, maps, and more.”
- Too complex to even explain !!
Google Buzz
Google Wave
In 1993, Apple tried a 8” X 4.5” Personal Digital
Assistant (PDA) which bombed. Later Apple launched
iPad in 2010
In 2006, Microsoft’s Zune could not chase Apple’s
iPod, an excellent product
All Ideas of big companies may
not succeed
or
ideas of all small companies
may not fail !
It is all in your mind !
You can not plan something to go viral…it may just happen.
Please make it
viral
Didn’t
tell you
anything new ??
Yeah I know. You are smart.
just
Get off your butt.
Do something
2018/12/6 32
铁板烧
⼤雄
⽼⿏
You can ping me at:
rameshkumb1957@gmail.com
9845213042
linkedin.com/in/brameshkumar/

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Doraemon Ideas Matter: The basics of business

  • 2. Idea is like opening the door Get out of that darkness !
  • 3.
  • 4. 2018/12/6 4 to get ideas? Where is the Key 1 3 5 7 2 4 6 8 not from where they come Ideas matter Missing in market Personal Experience Opportunity Domain Knowledge /Expertise Passion/Hobby Specific Customer requirement Me-too / Emulation Academic research
  • 5. Missing in market There were many Colas and different flavours and there was no Jaljeera, which is quite popular ! There you go… Enters Paperboat
  • 6. Craig Newmark began the service in 1995 as an email distribution list to friends, featuring local events in the San Francisco Bay Area It became a web-based service in 1996 and expanded into other classified categories. Enters Craiglist Personal Experience
  • 7. Opportunity Amazon selling books Observed opportunity and expanded to e- commerce ( see all their products now) Now so many grabbed the opportunity of COVID-19 … and started making face masks, PPE kits, ventilators! Grab the opportunity
  • 8. Byju Ravindran was good in taking tutorials and he was good in what he does. There are/ were many online/offline tutorial, he made an entry …….. and he created an Unicorn ! Capitalise on your Domain expertise Domain Knowledge
  • 9. Passion / Hobby Salman Khan was living in Boston and his cousin Nadia, who was in New Orleans asked him to help in home work in 2004. He started teaching through Internet. Soon other cousins and their schoolmates requested. In 2006, a friend suggested to make Youtube Videos! Spread your passion and he created the poplar khanacademy.org in 2008!
  • 10. Cordis Corporation, a medical device manufacturer in Florida was making angioplasty balloons, which are used to open the blocked arteries of cardiac patients. Their survey with Doctors, nurses and other medical professionals recognised the potential value of a device that could be placed in a treated artery to prevent a blockage from recurring. …….. and they created STENT, which made a history. Listen to users! Customer Input
  • 11. Me - Too Copy, But improvise !
  • 12. There are so many research projects that may become products/solutions Innovate Academic Research
  • 13. What Shall I Hit first? Have my clients - Build something for them Have my Idea - Find buyers for that product
  • 14. Think about idea Write down the idea Talk to others Start doing something Action plan Check if worth doing
  • 15. 2018/12/6 15 Talk to your potential customers Are they willing to pay? Document it! Why are you doing this? What problem are you solving? Who are you solving this problem for and what are they doing now? Talk to people who think your idea is terrible ! Do you know if your idea works?
  • 16. 2018/12/6 16 Whom you should talk to Business coach/Mentor Spouse/Well wishers Chartered Accountant Sales & Marketing Guy Banker / Finance guy Lawyer before you start
  • 17. 2018/12/6 17 ● Industry Outlook ● Market trends ● Market size ● Competitor research ● Competitor market share ● Target segment ● Product marketing ● Product pricing ● Customer experience & satisfaction ● Market segment Market research
  • 18. Don’t ask others for Ideas. (heard the rat & wise owl story?)
  • 19. Problem : You may have thousand great ideas…and they keep coming your way! Solution : Pick up that one idea. Commit to it. Give it all the resources.
  • 20. My idea is the best. Wonder, why no one thought about it !
  • 21. What could be the reason that no one did?
  • 22. If some one could do, I CAN do !
  • 23. How many ‘Free’ users are willing to become ‘paid’ customers? Be careful with ‘socially desirable answers!
  • 24. No idea is big or small… it depends on how you make it big or small..
  • 25. There is nothing called ‘successful idea’ You need to make the idea a successful one !
  • 26. - Users did not find anything more valuable than youtube! Why some products of Google failed? Google Video Player - Users did not find anything more valuable than Twitter! “A wave is a live, shared space on the web where people can discuss and work together using richly formatted text, photos, videos, maps, and more.” - Too complex to even explain !! Google Buzz Google Wave
  • 27. In 1993, Apple tried a 8” X 4.5” Personal Digital Assistant (PDA) which bombed. Later Apple launched iPad in 2010 In 2006, Microsoft’s Zune could not chase Apple’s iPod, an excellent product
  • 28. All Ideas of big companies may not succeed or ideas of all small companies may not fail ! It is all in your mind !
  • 29. You can not plan something to go viral…it may just happen. Please make it viral
  • 30. Didn’t tell you anything new ?? Yeah I know. You are smart.
  • 31. just Get off your butt. Do something
  • 32. 2018/12/6 32 铁板烧 ⼤雄 ⽼⿏ You can ping me at: rameshkumb1957@gmail.com 9845213042 linkedin.com/in/brameshkumar/