🙈 How to set a deadline that you can't extend - startup idea

Ideas worth sharing #Week-3

Oct 26, 2020

Hi, makers:)

This week I thought that we would dive into the productivity market. Like everybody, I am struggling with time management and meeting deadlines. So before we start I would like to say that the competition in the productivity market is huge and I am not a big fan of this market. So before diving into execution I would strongly recommend real market validation.

If you are in a hurry skip directly to the lean canvas starting from 🚩 Problem.

“Perfection is the enemy of good.” - Voltaire

The chimp in my brain said that we have to deal with procrastination and gave me an idea. I would call - Next Deadline. The historical meaning of deadline —> a line drawn around a prison beyond which prisoners were liable to be shot.

"Everyone procrastinates, but not everyone is a procrastinator." - Joseph Ferrari

So the main point of the idea is to create future action that can’t be canceled. So, for example, I have to write a newsletter weekly and publish it on Mondays. I commit and schedule an action that will publish this particular story next Monday at 12 p.m. The commitment was made and the story will be published no matter what. I can only update the content until the deadline.

Set deadline (future event action) —> deliver/update (get job done) —> automatic execution of set events.

The future action could be —> sending emails, social share/publish, file upload …

It’s like ifttt.com or buffer.com for future events that you can’t cancel.

I know it sounds a little bit scary, but when you know that there’s no way back you get in action and forget procrastination.

IDEA-NEXT DEADLINE

🚩 Problem

People fail to meet deadlines.
People procrastinate when they don't set deadlines.

Existing Alternatives

https://www.stickk.com/
https://www.beeminder.com/
https://toggl.com/
https://buffer.com/

✅ Solution

Tool for setting deadlines (future action) that can't be canceled & only updated. (Set future action —> Execute/Update —> Action execution )

Send Email
Post on social
Publish file
……….

Key Metrics

💡 Unique Value Proposition

Set deadlines action that can’t be canceled and get into action.

High-Level Concept

Buffer for deadlines

👥 Customer Segments

Students

Tech teams

Early Adopters

Local university students

💲Cost Structure

Server Hosting

Product Development

Team Payroll

💰 Revenue Streams

Investments

Premium feature

extend the deadline for 1 day, week … for X $

🤯 Some facts

The global productivity management software market size is expected to reach USD 102.98 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.4% over the forecast period.

Why Deadlines Are Important for Entrepreneurs

By setting a strict deadline in advance you can cut off this expansion and focus on what is most important.

In order to get rid of the inefficiencies of internally-negotiated deadlines, you should just do the opposite: be open about them and announce the deadlines to the world.

📌 If you have missed

(week#2)10 ideas based on the Product Hunt business model...
(week#1)Are you ready to build a new social network/planner for politicians’ accountability?

Chimp Ideas