Let us start at the heart of all start up ideas, what is there a need for that is not currently being supplied or that has not been fully realized upon. When you find a niche that you can supply a demand for that no one else is supplying or that no one can supply in high demand you have found your money maker. A lot of people become successful with startups no one ever thought they would need in life.
The hardest part about a startup is not the idea, the funding or finding the niche. The hardest part of a startup is getting the advertising out there and picking up interest. That's the difference between Nikola Tesla and Benjamin Franklin.
Once you have found your niche bring it to the market in a revolutionary way that will catch investors eyes. Only then will you garner the respect of your peers.
Firstly it all comes from passion within you.
Creating a business is alot of hard work and without the fire of passion burning inside you the chances of making a success is slim at best, regardless what your start up will be.
Your passion will get you through the long days, the frustration, the endless challenges that you have to face and the problems you will need to solve to get the business to launch stage.
Latest data reveals that 90% of startups fail within the first year. Out of the 10% that do only 5% of those last 5 years. Years ago it used to be 70% of startups fail but because of the internet this has shot up to 90%.
So before you even start thinking about startup ideas think deeply about what your passionate about and from there you can come up with ideas based on your passions that solve a problem or need.
I hope this helps you.
Pete Burrows | Creative Consultant
I'm always saying that first it all comes from passion within you. The best idea is to put your personal passion into your business. However I understand that in this question you are asking about the market and I will give you some suggestions.
If you or another person who is reading this have a passion and interest for the food, there is a fast growing market of vegan products. This is billions dollars industry who is not able to cover all the existing needs of the market and veganism in the USA has grown by 600% in the past 3 years.
This included not only food but also shoes, bags and accessories. There are needs for good quality, perfectly crafted purses and comfortable breathable waterproof boots from the other sources than the animal body.
There is a lot of place for creativity imagination and inventions in this field.
People who are not vegan are trying to go to this market because of possible income.
If you are interested in this idea and will discuss this with the mentor who is vegan and who is watching this market for more than 40 years you are more than welcome to call me any time.
Your most efficient resources are entrepreneurial publications, trend reports, venture capital investment trends and large accelerators such as Techstars and Y Combinator.
2019 is gone, 2020 is about to end and 2021 is coming. So, instead of what might me a great start-up idea let us look at what were the best ideas of 2019:
1. Tableware that turns into soil: After witnessing how heaps of plastic waste wreak havoc on the environment, Mumbai-born Rhea Singhal made sustainable packaging products from plant waste that turn into soil in 90 days.
2. Firing engines with plastic: Paterson Energy perfected technology to produce pyro fuel from waste plastic. Now, the world is buying the pilot project.
3. Brickmaker without a brick kiln: Binish Desai was ridiculed by society for making bricks of paper and chewing gum binder. Undeterred, from a garage in Gujarat and Rs 1,600 in his pocket, he constructed more than 1,000 toilets across rural regions. He ricocheted to limelight and was nominated for Padma Shri for his social endeavour.
4. Making Plastic Green: No country is immune from environmental problems arising from the accumulation of plastic products. One of the major concerns with its usage is that plastic waste takes too long to decompose, further harming the environment, wildlife, and birds. Singapore-based RWDC Industries is trying to do that.
5. Can waste be smart too: From being batchmates in 2002 when Mani Vajipey, was then pursuing a PhD in electrical engineering and Raj Madangopal, a masters in mechanical engineering (robotics) at the University of Delaware, to quitting their job from Qualcomm in San Diego where Mani was working and from a mobile start-up in Seattle where Raj was working - these two masterminds came together to conceptualize Banyan Nation which combined artificial intelligence and advanced technology to build an integrated vertical waste management system where recycled plastic can again have a shelf life.
6. Bottoms up for ‘super’ records: From changing diapers to starting a diaper business, Pallavi Utagi, Founder, Super bottoms, took the traditional route and introduced cotton-based reusable diapers as an alternative to the disposable diaper industry. During three years of diaper usage, a baby uses a minimum of three diapers in a day and close to 3,300 diapers in span of three years. However, only 10-15 of these organic reusable diapers will be required through their growing years.
7. Robotic scavenger scoops out manual woes: His job might be at stake, but that is not a harbinger of doom as manhole cleaning robots Bandicoots now find foot in sewers. Kerala-based Genrobotics specializes in design and development of robotic solutions to address manual scavenging. The company has now gone global with presence in the UAE and plans to extend footprint in other countries too.
8. Howdy smart helmet: Ever wondered if you could breathe fresh air despite being surrounded by pollution? Shaken up by the declaration of Health Emergency in Delhi in 2016, brother duo Amit Pathak and Mayank Pathak of Shellios TechnoLabs came up with an ingenious technology in the form of air purification system integrated helmets to cater to the health of bikers. India, home to the largest motorized two-wheeler commuters with more than 37 million riders, needs this shield.
9. Indulge in playful learning with Miko: An emotionally intelligent robot engages, educates and entertains children in the most conversational manner. What started as a dream project turned out to be a lucrative opportunity for three IIT alumnae, CEO Sneh Vaswani, COO
Chintan Raikar and CTO Prashant Iyengar to launch Emotix. Humanoid robot Miko, which constantly updates its software, can be found in the homes of working parents to virtually take care of their little ones.
10. Getting harder on hard water: Exasperated by the hard water mess, two engineers, Uday Nadiwade and Rajesh Saraf, spent more than a year on research to launch D’Cal, a water-bottle shaped product armed with chemical technology to mask calcium ions and make them inert of forming stains on taps, faucets, mirrors in bathrooms and kitchens. Focused on low-cost water treatment, this device protects house pipeline system and appliances from corrosion.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
