Thinking of quitting the tech industry grind to start a profitable software business yourself? Before you take the plunge, don't make the same mistakes I did!
The secret to finding a profitable software idea, is that it must come from your customers. Unless you know a real pain that people who would use your software are experiencing, you can easily fool yourself into thinking it's good enough to build a software product business on.
In this episode, I share what I've learned about finding real software product ideas. I use a combination of IBISWorld, ChatGPT, and a book by Dane Maxwell to help my software development coaching clients discover software startup ideas.
IBISWorld Businesses
https://www.ibisworld.com/industry-statistics/number-of-businesses/
Start from Zero by Dane Maxwell
https://www.amazon.com/Start-Zero-Business-Experience-Freedom/dp/1950367185
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https://thrivingtechnologist.com/coaching
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https://thrivingtechnologist.com/techroles
CHAPTER MARKERS
0:00 Introduction
1:42 Finding a Profitable Software Idea
1:54 1. Select a Customer Market
2:50 2. Determine How to Contact Customers
4:37 3. Ask Customers for Their Biggest Problem
6:05 4. Ask People Who Responded To Meet
7:03 5. Ask Them 5 Questions
7:15 Make Sure You're On The Same Page
7:29 How Are You Solving It Today?
8:15 What Happens When You Don't Solve This Problem?
8:50 If You Could Wave a Magic Wand, How Would You Solve It?
9:36 Would You Pay for That Solution? How Much?
10:48 Identify Consistent Profitable Problems
#entrepreneurship #softwarebusiness #productideas