Thanks for the comments and the links. I've come across strategyzer.com before and I can remember thinking it was worth bookmarking – but of course I didn't.
It's not so much the problem of finding a business model I'm struggling with – it's not knowing when to run with an idea as opposed to sitting on it and looking at other avenues. I think it might be something you learn through experience (and failure). I was just hoping to see other peoples view on it.
Re:Ask HN: Settling on an Idea
by WellDressed on Friday December 05, 2014 @01:21PM
(#8705931)
I see, I apologize for not providing you with what you were looking for initially. I struggle with over analyzing problems. This leads to paralysis in some cases, including when coming up with ideas for products/services like you're experiencing.
I have a friend who wants me to work with him on a project. The problem he is trying to solve doesn't scratch an itch for me though. I have noticed, for me personally, that I am more motivated to work on something if the solution solves a problem I am currently experiencing.
I would then attempt to workout exactly what the business model and your value proposition to your consumer would be. I've read the Business Model Generation book and I found it to be helpful and thorough in coming up with ways to generate potentially profitable businesses. Their second book, on Value Proposition, looks fascinating as well. http://businessmodelgeneration.com/
They also provide downloads for blank canvas' to print out and use during your brainstorming sessions. https://strategyzer.com/canvas?_ga=1.134434994.233324054.141...
Edit #1
I would also look into reading Lean Startup (http://smile.amazon.com/Lean-Startup-Innovation-Successful-B...) if you aren't already familiar with developing MVP's, especially landing pages for gauging consumer interest in your idea.
Edit #2
I would also read 'Goodbye Minimum Viable Product, Hello Maximum Value Proposition' (http://torgronsund.com/2014/12/04/minimum-value-proposition/), which includes the video i posted earlier, as well as an intro to Simon Sinek's work on Why How What.