Idea to Startup When to Pivot and When to Stick (aka what to do with all your startup ideas) ITS Classic
7 snips
Apr 10, 2024 Exploring the struggle of entrepreneurs to resist new ideas while focusing on their main one, balancing curiosity and persistence. Discussing the allure of new startup ideas and the importance of data-driven decisions. Insight into decision-making patterns, chronic pain management, and sprinting to assess startup viability quickly. Learning about finding hungry customers through a baking competition to test business ideas.
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Entrepreneurs Battle Idea Flood
- Entrepreneurs frequently face a flood of new ideas after starting on a main idea.
- Balancing curiosity with focus is key to benefiting from compound interest in startups.
Procrastination Powers Entrepreneurship
- Entrepreneurs are natural procrastinators with wandering minds.
- This curiosity is a strength, not a weakness, fueling their diverse creations.
Data Reveals Idea Reality Fast
- New ideas initially appear attractive because you haven't endured their challenges yet.
- Data often quickly reveals the flaws that make initial enthusiasm fade.