DailyQ #21: How do you generate multi-million dollar ideas?
How do you come up with multi-million dollar ideas? Troy Hoffman believes genius ideas come from all over the place, but those that solve problems win. Focus on improvements and solutions applied to the marketplace.
Great ideas come from:
- People trying to solve a problem for themselves.
- A team throwing ideas against the wall.
Where in your life do you wish something existed that does not?
Can something be improved upon in the current state it is? A lot of riches are made from niches and simple improvements to old products. Tinder was not a new online dating app. Match was dominating the industry, until the simplicity of quickly swiping through photos caught on.
What simple improvement can build the company of your dreams?
Now go and live your destiny!
Need answers? Submit a question to Troy here.
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