Thursday, March 31, 2016

Why Having An Idea Is Good Enough

When the recession hit in 2008 people lost jobs left and right. Employers had to fire lifelong employees. All of this created the perfect conditions for the millennial entrepreneur to flourish. Because the traditional career was no longer a guarantee, millennials were willing to accept the risks that come with being self-employed.

Instead of working the typical nine-to-five job, many among gen-y started their own business ventures. Now some of the most successful businesses are run by those millennials whose thinking was shaped by the uncertainty of the recession.

However, despite these examples of millennials many among my generation still miss opportunities hidden in plain sight because they seem unreachable. Mobile app development is a great example of how an idea can be good enough.

First off, apps are an interesting business because there’s a perception that one needs to know how to build their own apps from the ground up. Coding experience helps, but that’s a bit like claiming that the CEO of a car manufacturing company should be able to build a car from scratch.
As CEO, she has a role, which is that she must manage and be familiar with every other role. Most of all, the CEO is a manager of ideas and a strategist.

You don’t have to do everything – you must be willing to, but figure out what you can do and start there. The Yik Yak you know began on a napkin – it was just an idea. Venture capitalists will fund ideas nowadays if you can present with proof of concept. Startups look for seed funding, but in the early two-thousand-teens pre-seed investing started, where investors will literally fund a concept.

My point isn’t that you should just wait around with your brilliant idea, but rather, that if you’ve exhausted all your options in getting it past the idea stage, you just need to keep pushing. If you know what you’ve got is gold, then look for the reasons why it should happen, and why it can. Remove can’t from your vocabulary. If you have a great idea you can will it into existence.

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