As the CEO and Founder of Wemove, a company registered solely for building innovative technology solutions for the transportation sector, Celestine shared some of his Entrepreneurial knowledge with our twitter community
Every two weeks, we invite some of our Ingressive Community member from all over the world to participate in a Tweetchat session. It’s an opportunity for tech founders, tech enthusiasts, developers, and designers in our community to gain in-depth insights on tech trends and how tos.
This week, we were honored to host Celestine Ezeokoye, CEO and founder of Wemove — a company building innovative technology solutions for the transportation sector, he’s also a software craftsman and businessman.
The Tweetchat was interesting and enlightening!
Celestine: Hi y’all. Wotagwan. My name is Celestine. And in the next couple of minutes, I’ll be sharing with y’all one or two things you need to know as you set o’u on building your idea.
Thanks to @_Ingressive_
So you’ve got that great idea & you want to build get it into the hands of users & maybe make some money out of it, right? Here are the things you should consider.
Is the market ready? This is the most important question you need to find answers to.
How would you answer this question? Simple. Run the scientific method on the market.
Design a hypothesis:
This means that you make assumptions on how you think that the market will like to use whatever you’re building. And then build products that meet your assumptions.
You might do this over and over until you find something that resonates withe the market.
No idea ever comes out fully formed.
However, you might be lucky to have stumbled on a goldmine or have a data point that shows you exactly what to build.
But most times, first-time successes is either luck or domain expertise. Or building on something someone has done in the past, so there are data points to look at.
2. Test your hypothesis:
After designing, building the most basic form of what you want to go to market with & test it with real users.
But in the coming months, it started to get complex. We added a little form & email notification. Then every other thing came later. With that static Web page (and basic PHP form), we processed a request with a total value of $55k.
That led to us deciding to go full time into it & build out some of the ideas & feedback we were getting.
3. Take feedback & reintegrate it:
After testing your hypothesis, if the market doesn’t want what you’re building. Don’t continue to stubbornly push it as is. Take feedback & iterate the process.
If in the process of testing, you discover that the market doesn’t want to use your product, kill the product/idea. There’s no “that meins wee sleep here” in this one, it’s only you that will be sleeping there.
Long story short, you can have the best idea after suya & garri, but “if the market nor vibe with am, throwey am sharply!”
So the timing of your idea is best determined by the response the market gives you, when you tease it with “just the tip” of your idea.
You can build all the others later.
4. Focus on the market:
Some people like to harass other people with the question “what do you think about this my great idea?”
“Bruh, I don’t think anything.” If I’m not using it, whatever I think is irrelevant.
Anyways, sorry in taking so much time. Also, if I start to type all the things that I want to say ehn, that meins wee sleep here!
So I’ll end it here by re-emphasizing that y’all should focus your idea in giving a market value.
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