Problems/Issues/Inconveniences everywhere... Identify few and come up with a solution (via product/service/solutions) using already existing technology or build one or get help in building one.
Doesn't matter if you are a student or a pro - problems are the same!
Good luck buddy!
I agree with most of the answers. You often hear of a big AHA moment - where you realised something was wrong (and likely extremely painful at that moment) and that it should be fixed. When I did my startup, I had that same moment and eventually went on to found a company to solve it.
There are a few books and of course articles on the subject - Founders at Work, is my favorite, which talks through the early days of TripAdvisor, Paypal and others.
However, I will say that starting your company based on the AHA alone is a bad idea. I'd then highly recommend going through the process in Steve Blank's Four Steps to the Epiphany and The Entrepreneurs Guide to Customer Development.
Lay out your one page business plan, (Business Model Canvas), your assumptions about who your customers are, what problems they have and what you will do to solve them, and get out of the building and start validating them.
Do all this before you start building your product.
You'll get there.
1) Look around for a problem.
2) Identify how many people can have same problem
3) Try to solve the problem with an internet platform or software.
4) If you get a solution... bingo.
5) Now identify is the problem is big enough for the people to pay for the solution.
6) If not than can you solve multiple problems with that platform.try to add features. Add luxury features if you can.
7) Now will people pay for it.
If yes, Congratulations.
If no<10, Repeat 5-7
If no>10, Discard and repeat Steps 1-7
@Mark S, how are you leaning toward Shivams answer? He is stating that if you don't have an idea, don't call yourself an entrepreneur. That is counter to what you are stating about everyone with a social media account or "bright idea" mis labeling themselves as an entrepreneur. I think you misread what he wrote. What you are stating is counter to Shivam's which not to slam his thoughts but they are bad advice. As you infer everyone has an idea. That does not make a person an entrepreneur. It can be part of the process, but the root of the word means to "undertake" as in move the process of building forward. That is entrepreneurship. Granted it can not start without an idea to build from..an idea for a product or a service, but again plenty of idea people out there who are not entrepreneurs. Idea generators are not necessarily entrepreneurs, and entrepreneurs are not necessarily idea generators though they can be. Overall we have a problem with society not understanding what entrepreneurship really is. It has taken on this hip new thing. Everyone wants to say they are one. I remember when I was a kid, my father was awarded the Ernst and Young Entrepreneur of The Year award. No one young or old had even heard the word. Now..everyone has heard the word, but still too many who don't understand what it means.
“Getting” a startup idea means to design a great solution for a real problem. Here we have two key words that the entrepreneur must have in mind: PROBLEM and SOLUTION. So, the idea will be influenced a lot by what entrepreneurs have experienced and observed in life and what knowledge and skills they have developed so far.
That’s why I would suggest you two things, in order to come up with the ideas:
1) Diversify your experiences, friends, location, culture, etc. Talk with people. Ask about their lives. Observe what kind of situations and problems they’re facing and how are they struggling - in order to gain insights about real problems.
2) Develop your knowledge and skills, as well as your partners network (counting on their different knowledge) in order to expand solutions possibilities.
p.s.: of course, there is a big difference from getting the idea to developing a sustainable and scalable business model. The idea is just the first step of the journey. However, it is, certainly, an important step. Good luck with yours. :)
Sorry to say, but If you cant find startup idea by own yours then don't try to become entrepreneur.
Dont think "idea" , think "people".
you come across a problem that you are able to solve for someone, and that someone can pay you for it, and there are a lot of other people like that someone - thats your startup idea.
In Short: Analyze the pain points in your life or those around you. Then ideate on how to streamline or how to solve them.
I tend to err towards Shivam's response - soley b/c everyone with a social media account, or the bright idea to dropship from China wants to call themselves an entrepreneur these days - even the crappy MLM bottom feeders. There's a difference between a HUSTLER & an ENTREPRENEUR. Nothing's wrong with being a hustler, but to me an entrepreneur develops from the ground up NOT riding on the back of something already existing.
As to where I get the best ideas...Most won't be honest; but I will: Here's a hint, it's in your bathroom. And Power showers are Great too. lol
Listening to what folks say. Ask them what issues they are having in their work, life, etc. especially as it pertains to areas that intersect with your interests (and ideally skills). Discuss potential solutions with them and ask them if such a solution would have value to them... and again listen carefully to that answer. If they are excited in the idea and ask them how much they would reasonably be willing to pay. Then VALIDATE this with others (a significant amount, as diverse as you can find) each time attempting to optimize the idea based on the feedback.
Then if it seems like there there is enough interest from folks (and yourself, you want to be interested enough in this idea to see it through, not a trivial concern) then try and estimate:
* how big the market is
* how much effort (and resources) it will take to create this solution,
* how much you feel you can charge for it
The above should give you a very rough idea of the size of the opportunity and its feasibility and of the schedule. If the above seems daunting on paper then it may be even more so in reality since the above estimates will typically be gross underestimates : )
The key is to really listen. Too often we either hear what we want to hear, or folks will tell us what we want to hear unless we are careful.
Best of luck!
I would add to Aditya Agrawal 's answer that people who use your product/service are not necessarily those who pay you. Think of it. You do not pay Google for searching the Internet. But businesses pay google for putting their ads.