How to Come Up with Profitable Business Ideas
For a B2B SaaS company, the easiest/most likely[1] algorithm to succeed[2]:<p>1) Be embedded in the industry for a while<p>2) Make lots of connections, build credibility<p>3) Build SaaS app to solve key pain point you experienced in #1<p>4) Sell to the folks you know from #2<p>5) For bonus points/de-risking: find 25 potential customers (from #2) and reach out to them and validate this idea (Jobs-to-be-Done). Get a handful of them to commit, even verbally, to buy this when you've got an MVP built.<p>[1] Clearly this is not the <i>only</i> way to be successful, but "I have a random idea lemme build it" is a great way to be not successful<p>[2] Succeed = your business that makes enough revenue to support you and a reasonable lifestyle, equating (and/or eventually surpassing) what you would typically make at a W2 gig, from a diversity of customers and not trading your personal time for money.