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How to know if you have a good business idea

Best way to understand an idea

Bad business ideas waste so much time.

I tried so many silly business. Selling icon packs, thumbnail design agency, video editing consultancy…

I wasted so much time.

And found a method called “First-principle thinking.”

First-principles thinking was first popularized by the ancient Greek philosopher Aristotle. He believed that the best way to understand something was to break it down and then put those parts back together to form a new understanding.

First-principles thinking was later picked up by the eminent scientist Isaac Newton. He used it to develop his famous laws of motion. First-principles thinking is also credited with helping Albert Einstein develop his theory of relativity.

Some of the most brilliant minds of recent times — Thomas Edison, Richard Feynman, Nikola Tesla, and Elon Musk — used the idea of first principles to allow them to solve some of the most intractable problems.

How to use it

If you want to understand an idea, write it down first.

Create an notion page and start writing about your business idea. Then you will see the idea clearly.

Idea: Video Editing Consultancy Agency

What is the pain point:

Old people who don’t know shit about video editing need video editing consultancy.

Questioning:

How do I know this? Are they really need a video editing consultant. Is there any video editing consultant out there?

Basically, you write your thoughts and question them. Dead simple.