🙈 How to set a deadline that you can’t extend — startup idea

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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.

🚩 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

• DAU/MAU
• North star metric

💡 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?

Originally published at https://chimpideas.substack.com.