What do you do if you want to start a new venture as an entrepreneur?

Ideally one would focus on something that (a) leverages your previous experience (b) is in an industry / product area / niche you know know well and have a passion for and (c) helps address pain-points or market opportunities you're already had exposure to through your previous roles and potentially even evaluated with your existing customers. This means you will have pre-validated some of the demand and can then do the additional work to finalise your evaluation and add-on what differentiates your proposed approach vs. existing market offerings. Draw on your previous experience(s) as much as possible. Build from your areas of strength.

Ask yourself these questions (investors will thinking them) - Are you addressing a real problem? - Do you have a better solution than what’s available on the market? - Why can’t someone else do this? - Are you the right person? - Will it be profitable? If so, what’s your time horizon to ROI?

Cultivate a creative and innovative environment in your project, encouraging collaboration, lateral thinking and experimentation. Stimulate the generation of new ideas and creative problem solving among your clients.

Develop a flexible, creative and future-oriented business plan. A business plan that reflects the creative and visionary essence of your project, of your idea.

Maintaining a strategic approach in your search for funding is vital. Identify investors with similar interests to your project, idea or sector.

To build a solid project you must combine vision, passion, experience, resilience, innovation and creativity, strategic planning and of course, a deep knowledge of the market. If you add to all this, a team aligned with your objectives, the success of your project will be assured.

Starting a new venture as an entrepreneur requires dedication, resilience, and a willingness to take risks. It's essential to stay focused on your goals, learn from both successes and failures, and remain flexible in your approach. To build on what has been shared by others, I'd like to emphasize the importance of understanding your target audience, competitors, industry trends and emerging technologies. This step helps validate your business idea and identify potential challenges and opportunities.

Some ways to get started… - Ensuring that the product addresses a genuine market demand and prioritize user experience by incorporating feedback from target users throughout the product development process, leading to a user-friendly and intuitive design. - Evaluate the technical feasibility of the product, considering factors such as available resources, technology requirements - Analyze the competitive landscape to identify potential competitors, assess their strengths and weaknesses, and differentiate the product to stand out in the market. -Develop a comprehensive strategic plan that outlines the product vision, goals, target market, pricing strategy, and go-to-market approach, ensuring alignment with overall business objectives.