How can you evaluate the impact of your ideas on your industry?

To evaluate the impact of your ideas on your industry, consider the following condensed points: Define Key Metrics: Clearly define key performance indicators (KPIs) that align with your business goals and measure the success of your ideas. Market Research: Conduct thorough market research to understand industry trends, customer needs, and potential competitors to gauge the relevance of your ideas. Pilot Programs: Implement small-scale pilot programs or prototypes to test the feasibility and effectiveness of your ideas before full-scale implementation. Customer Feedback: Gather and analyze feedback from customers, stakeholders, and industry experts to assess the real-world impact and reception of your ideas.

Start by identifying your target audience, refining your value proposition, and determining your competitive advantage. Tools like the Lean Canvas or the Value Proposition Canvas can be helpful. It's also important to monitor key performance indicators (KPIs) like market share, customer satisfaction, and revenue growth. Utilize surveys to understand user sentiments. Stay updated on industry trends and adjust strategies accordingly. Participate in forums and events to nurture connections. Impact goes beyond numbers, it's about creating a lasting impression. Stay adaptable, stay connected, and let your ideas shape the industry narrative!

Evaluating the impact of the ideas on the industry involves several key steps. First, clearly define your objectives and desired outcomes. Then, identify relevant metrics or key performance indicators (KPIs) to measure the success of your ideas. Collect data before and after implementing your ideas to assess changes and determine their impact. Analyze the data to identify trends, patterns, and areas for improvement. Seek feedback from stakeholders and industry experts to gain insights and validate the impact of your ideas. Finally, adjust your approach as needed based on the evaluation results to continuously improve and maximize impact on the industry.

Between 'problem' and 'solution'—be more obsessed with the problem. I've seen one too many founders way too obsessed with their solution. So much so that their so-called "problem" is not a real problem, but forced to fit their solution. Frankly, I don't believe any amount of canvassing will help clarify your problem or solution. Either you're intimately aware of the problem already (because you have first-hand experience with the pain point) OR you are talking to prospective customers-types to understand their pain point. Everything else is (usually) a waste of time.

So, how do you turn your big idea into a problem-solving machine? Think "pain points": What struggles are people facing? Long commutes? Messy kitchens? Identify the frustration your solution tackles. Get visual: Tools like the Lean Canvas help you map out your problem, solution, and target audience in a clear and concise way. Be specific: Don't just say "We make communication tools." Explain how your tool solves communication challenges for remote teams.

Your assumptions will not always be right which is why it is important to test them and see how are they working in your favor. Share it with others to get their feedback and perspective on it and improve based on their comments.

This is the MOST IMPORTANT step of all the 7. The general process is: - Make a demo (website, video) - Make an MVP if possible - Identify 3 different target customer profiles - Interview at least 5 people from each profile => Stop Don't complicate things with surveys. Mass data collection is only advisable when you're investing a lot of money. At the MVP stage, you probably don't want to do that. Instead, focus on the qualititative and quick feedback from online communities. Book interviews from there. Give your volunteer a small commission such as early access to your product/future discounts.

TALK TO PEOPLE, go out there and get feedback from clients and partners. You need feedback from the market ask your customers and or potential customers to find out, set up a field research survey if necessary.