Startup (and business) theory is really pretty simple:
1) Identify problem
2) Come up with, or look up for existing solutions
3) Develop, iterate
4) Identify and get some competitive edge
5) Keep pleasing clients
Of course, there's a ton of things underneath all this, like marketing, funding, or simply being lucky with timing.
The copy-cat method is probably the most legit, and battle-tested method. I.e, simply just copy some existing product or solution, with a known market.
The entrepreneurship scene preaches originality and novel idea to hopeful founders, but to me, it always ends up with a race for who can do something better than their competitor.
I've noticed that in many countries outside US, especially western Europe, some of the largest startups are those that play-by-play copy successful US startups, probably hoping to get acquired once the US startups start expanding to said countries.
1) Identify problem
2) Come up with, or look up for existing solutions
3) Develop, iterate
4) Identify and get some competitive edge
5) Keep pleasing clients
Of course, there's a ton of things underneath all this, like marketing, funding, or simply being lucky with timing.
The copy-cat method is probably the most legit, and battle-tested method. I.e, simply just copy some existing product or solution, with a known market.
The entrepreneurship scene preaches originality and novel idea to hopeful founders, but to me, it always ends up with a race for who can do something better than their competitor.
I've noticed that in many countries outside US, especially western Europe, some of the largest startups are those that play-by-play copy successful US startups, probably hoping to get acquired once the US startups start expanding to said countries.