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Picking an interest you like and putting yourself as a target helps keep your Straight Outta 2010 11th Bithday Retro 11 Years Old Birthday shirt easy to manage and at the same time, details would come to you easily. And if you often pick up a product that you own and think about the target market, motivations and reasons to /not to buy, how to make it better than competition, what is wrong with it etc., you will realize why this method works. Because it is about you and your interests. You know you better. And remember, the question is about the process and your thinking. Not the design of the next Airbnb.
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To truly succeed you need to either compete with the major Straight Outta 2010 11th Bithday Retro 11 Years Old Birthday shirt on implementation or provide a solution that is so radically different that they can’t compete. The former was almost impossible until recently, especially in a short time frame: the major banks pretty much bought up all the successful payment startups from the dot-com era, and had seemingly infinite resources before our governments started bailing them out. Being radically different requires a lot of foresight and luck in order to predict a major new technology curve and put an appropriate solution in place that blindsides or out-performs the competition. https://squareup.com/ is the nearest thing with potential that I’ve seen in recent days, but even that still piggy backs off existing payment processing infrastructures.