• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

1

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI

2

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

3

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
CommentaryEntrepreneurs

3 Questions to Ask Yourself Before Launching a Startup

By
David Slayden
David Slayden
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
By
David Slayden
David Slayden
and
Bethany Cianciolo
Bethany Cianciolo
Down Arrow Button Icon
March 6, 2016, 11:00 AM ET
177245749
Businesswoman using digital tablet in lobbyPhotograph by Tom Merton — Getty Images/Caiaimage
Add Fortune on Google for similar content.

The Entrepreneur Insider network is an online community where the most thoughtful and influential people in America’s startup scene contribute answers to timely questions about entrepreneurship and careers. Today’s answer to the question “How do you come up with a new startup idea?” is written by David Slayden, executive director of BDW.

A startup’s journey from initial idea to successful execution is more often than not a long and circuitous path. And when something happens that moves a startup from business idea to successful business reality—when a startup ceases to be a startup and finds a repeatable and scalable business model (to paraphrase serial entrepreneur Steve Blank)—it usually occurs after repeated trial and error of building a product, service, or solution that solves a problem.

Most people who found a startup are not struck by a great idea out of thin air. In fact, for every ah-ha moment that forms the basis of a company’s origin story, 1,000 other people had to sit down and do the hard work of brainstorming and refining the ideas that led to their success. Startups are iterative. They are agile. And successful startup founders understand that ideas take time to find their legs as well as their path. The journey begins with an insight and continues with the tenacity to keep trying to make something that you believe in actually work.

See also: How Ignoring Your Instincts Can Lead to Missed Opportunities

For those working to come up with an idea for the next killer startup, begin by removing the word “startup” from your process. Sure, founding a company might be your goal, but don’t get ahead of yourself. The seed of a great idea will grow into something that can eventually form the purpose for your startup. You can worry about whether the idea is viable, scalable, and repeatable in the next steps. And get rid of the concept of “coming up” with something. It’s a limiting way to state the challenge. Instead, think about where good ideas come from, and work from there.

If you’re starting from nothing, begin with problems—not solutions. In my work, I approach ideas from the user’s point of view. In user-centered design, we ask what actionable insight we can bring to life that will drive change and make life better for people experiencing a problem. This is different than revising ideas (and business models) that already exist. Some startups are based around this method of building a better mousetrap, and that’s fine, but truly original ideas come from a different process. And this process—iterative, experimental, and agile—is driven by a design mind that works its way toward finding solutions.

Here are some guidelines for getting to the place where new and actionable ideas come from, and in a way that puts the user first:

Does it solve a problem?
A good product, service, or idea should always loop back to the question, “Does this solve a problem?” Paul Graham, cofounder of Y Combinator, provides the following advice when vetting ideas: “…You can either build something a large number of people want a small amount [of], or something a small number of people want a large amount [of].”

The solution to the problem is an actionable insight that will drive change and make life better for the small number of people who will adopt and support (pay for) your solution.

 

Is it easy to use?
Is the solution to the problem one that’s simple enough for people to want to use it and feel like it’s un-cluttering their lives? Beyond the classic 80/20 rule, consider this: If your idea is an immediate bullet to the brain of a hardcore group of people on the frontline, it has a good chance of scaling and being adopted by a larger group of people who are not on the frontline, but who trust the insight of people out in front, like leaders, innovators, and visionaries.

Does it have legs?
Can the idea grow and spread with new technologies and a landscape that’s permanently in beta? Once you’ve made sure you’re solving a problem and making it easy to use, the idea has to have legs to stand on, meaning it must have a long-lasting impact across mediums, channels, and cultures.

By making sure your idea passes these three tests, you ensure it has the potential to become a successful startup. There will always be obstacles that you face as you structure the business model, but it must start with a solid core. And at the core of that solid core is a single question: What is your intent? The best insights begin with empathy.

About the Authors
By David Slayden
See full bioRight Arrow Button Icon
By Bethany Cianciolo
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

katie
CommentaryData centers
Katie McGinty: The energy economy’s biggest waste problem is already inside the system
By Kathleen “Katie” McGintyJuly 6, 2026
18 minutes ago
cc
CommentaryEducation
Former Trump official: Washington finally let Pell Grants pay for welding school, then buried the idea in 85 pages of red tape
By Caroline CasagrandeJuly 6, 2026
2 hours ago
k
CommentaryBox office
How Hollywood’s youngest filmmakers are exposing Gen Z’s real problem with AI
By Reid LitmanJuly 5, 2026
23 hours ago
k
Commentary250 Years of Innovation
Media leadership unity in defying Trump’s assault on free speech: standing tall against historic comparisons
By Jeffrey Sonnenfeld, Jeff Bewkes, Kay Koplovitz, Tom Glocer and Marvin KalbJuly 4, 2026
2 days ago
ds
CommentarySoftware
I argued with the father of open source for 2 years. Now the AI fight is the same — only bigger
By David SiegelJuly 3, 2026
3 days ago
ashok
Commentary250 Years of Innovation
The greatest startup in history: What we can learn from America’s founders at today’s AI frontier
By Ashok N. SrivastavaJuly 3, 2026
3 days ago

Most Popular

Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
AI
Shark Tank's Kevin O'Leary says if he were 25 today, he'd chase these two booming opportunities in the world of AI
By Marco Quiroz-GutierrezJuly 5, 2026
21 hours ago
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
2 days ago
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
4 days ago
The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns
Investing
The stock market is about to suffer a 'snapback' and will lose much of this year's gains as 'speculation is hitting extreme levels,' BofA warns
By Jason MaJuly 5, 2026
15 hours ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
3 days ago
Mark Zuckerberg takes business calls on a jet ski wearing his $800 Meta glasses—and insists 'the other person could not tell'
Big Tech
Mark Zuckerberg takes business calls on a jet ski wearing his $800 Meta glasses—and insists 'the other person could not tell'
By Sydney LakeJuly 5, 2026
23 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.