Example: Branding is vital to the success of any project. Your brand's name is often the first element that customers will engage with. The name must be distinct, authentic, memorable, and enduring. An original name is essential for establishing a strong brand reputation.
Example: Summarize your idea in one or two paragraphs describing your project or idea. Your description should include a synopsis of project goals and objectives; stakeholders and their roles; metrics for measuring success;
a timeline; and an estimated budget.
Example: All successful businesses solve a problem or make life a little easier or cost-effective, or productive for others. If you’re thinking about an idea, think about the problems that it will solve. Having a problem to solve will make your app easier to sell as a solution to that problem.
4. How does your idea solve that problem(s)?
Example: All successful businesses started off as solutions to problems:
Uber was a new twist on the taxi industry - easier and cheaper. Netflix made online media streaming easy and reliable. Kevo made keyless entry easy, Lumosity for memory and brain health.
Example: What personas represent the different user types that might use your idea/application? Personas can help you understand that different people have different needs, and assumptions and can help you identify with the user
Example: You have a rideshare app idea that is for an upscale clientele and features luxury vehicles and other upscale services. Uber, Lyft, Gett, Curb, etc. are similar apps in this market space.
Example: Both a plane and a car offer a method of travel. On a shorter distance, it may be more efficient to travel by car than by air. In that instance, a car is an adequate substitute for flying on a plane.
Example: Will you issue a press release? Talk about the idea on social media. Create a webpage? Search Ads? Influencer/celebrity endorsement? App Store Optimization?
Example: Will you fund your idea/application with personal savings, loans, credit cards, friends, and family? Will you find a co-founder to share the cost? Do you anticipate investigating crowdfunding as another way to fund your ideas? Maybe consider raising donations on your own website, or approach angel investors for seed funding.
Example: Setting a budget to build out your idea will depend on several factors:
• Complexity of the solution to your idea or problem to be solved
• Hourly development rates
• What are your priorities? Cost, Speed, Complexity?