What are good ways to identify good ideas from a long list of ideas?

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Here are some criterias I've used to find a good idea: - Match skillset of team - Doable now - Worth 5 years - Innovation height -> at least 20-30% better, so that people bother to switch. - Useful / fun -> high value proposition - High economic potential - Fast to verify or disprove - Solve a big pain - Scalable - Simple - Technically possible - Can it make money? My co-founder(s) and I used the following process to quickly find the best idea: Green phase 1. Each writes down his top 5 ideas.* 2. All ideas are listed and explained. Red phase: 3. Each has 3 votes, and may cast them on the three ideas he thinks is best (by the above criteria for instance). Each vote is one point. 4. Do a new fresh round of voting amongst the ideas that got the most votes. Repeat until you have a winner. * - If you already have a list of ideas written down from earlier moments of inspiration, which I strongly recommend, then pick from that list, instead of brainstorming too much on the spot. You can only be so creative, or get so many uncommon (deep) insights on the spot. Another approach: Prioritize your product ideas so you can focus on the best ones. List your ideas for new products, and rank them by how much effort they would require and how profitable they would be. I hope that helps!

By going through the list with someone else that you trust who may have started a few businesses before in some of those key areas to see if any of the options are viable options.   Leonard Kim consults startups and is the author of http://leonardkim.com/etiquette-social-media/

120 is a large number... If i were you i would go by HMH technique called Heart Mind Heart. This technique can be used in a team also. Step 1: Heart: Prepare a list of ideas that you feel connected with , their vision , your passion etc. Select Top 10 or Top 5 or standard 3 Step 2: Mind: Prepare for the most time consuming process of all of 3 steps. Do startup research, get feedback. Step 3: by this time either you have 3 or 2 ideas left to work with if done genuinely. Repeat step 1 again but this time it is going to test your guts, decision making skills. Once done, got with your decision. However, you have 120 ideas it is highly unlikely that all of them are unique to each other or merely wishes rather than concrete idea. Anyways, for step 1 prepare a Microsoft excel sheet. On column 1 write the factor like passion for idea, skill for idea, and other simple factors that are based on your role on the idea. Then rate each idea and the factor associated on a scale of 1 - 10. Then for each idea you can take mean of numbers or devise a formula to weight your factor like giving more importance to passion for idea say 70% and rest 30% equals mean of rest of factors . The algorithm is upto you. I would suggest start with simple mean to decide top 50. Then a different method for top 20 then again better for top 10 till top 5 or 3. Then proceed to step 2 and step 3. Good luck. "Enjoy Life, Chase Dreams"

First question you have to ask yourself is "Is my startup idea unique". If it is second question should be why has no one else done this. If it is not unique, what will be my unique selling point for this idea, are how will I gain my share of the market over my competitors. From there, is it viable? How much time/money are you willing to invest in any 1 idea. Once you have chosen 1 idea set out your goals and go for it. If the idea does not work take this set back  as a stepping stone for future success. (Trying new things is never a failure, learn from it) Best of luck.

Your startup idea is the same as your one true love. It's the idea that gets you out of bed at 3:00am to check something on the Internet because you can't sleep. It's the idea that will make you lose your temper with your best friend for disagreeing. It's the idea that consumes you so absolutely, everyone says you're crazy. A check box approach will fail. You need to want this. Badly, and so badly you will put up with all the obstacles that will shortly be heading in your direction with your name written on them. Your startup idea is the same as your one true love. Do they love you back? The most important validation is "is there a market for this idea?" The only way to judge this is to talk to actual potential customers. Qualify them hard. There is no space for faint hearts on either side of this relationship. They have to really want your idea. But this is a pass/fail on your one true idea, not a "ah well, it's the best we could come up". That always ends in divorce. Bear in mind markets can be blind to innovative solutions until they materialize, which is why passion, a passion stemming from deep knowledge of the problem/solution domain is needed to propel this forward. Remember Steve Jobs' reality distortion field. The market is a barely immovable object, so you are going to have to be an irresistible force. I can't think of any successful startup that started from a list of ideas. Google, Facebook, Netflix, SalesForce, SpaceX, Tesla (yes, you can love more than once, but it's not common...) all started from a bone headed sense of self-belief. If you need to ask the question "who should I marry?", the answer is a definite "no one".

What is the good idea for you? It depends on what your interest is, if you are keen on something you can consider to start the business, but before that you should consider several things: 1. whether the product/ service have demands in local city; 2. how much is the profit space; 3. how long you can get back your investment;If you are interested in event/ advertising industries, here is a good business idea for you, it is new technology for event, entertainment and advertising, you can use it to create bubble cloud in Logo, cartoon, words shapes in events to cheer up the atmosphere, attract focus, brand promoting, etc. More details: http://smileclouds.wordpress.com/2015/11/05/smileclouds-2016-new-business-ideas-with-low-investment/ mailto: ellen@http://smileclouds.com/