Having spent the last 2 years plotting business ideas and dreaming of the day I would resign I have finally given notice and am preparing to begin pursuing my dreams.
However I have reached an impasse with regards to which of my 10 or so business ideas to pursue.
Fundamentally looking at my ideas they seem to boil down to one of two categories.
My background is very much in the engineering side of things so my tendency is to want to create a piece of software that would be interesting to design and develop but the other side of me says that if I can build something quickly I can quickly see the results (or lack thereof) and move on if need be or potentially build multiple 'things' at the same time.
So what is generally the recommended path when considering such plans? Any input would be sincerely appreciated.
I have a few suggestions for choosing an idea:
With all of that said, it's concerning that you have already given notice and haven't even chosen an idea yet. It's very unlikely you have 10 amazing ideas that are going to succeed, really if one of them is great it should stand out or you should be passionate about it.
I just don't see any reason to have not chosen the idea first, it's not like you couldn't choose an idea while still working. What is holding you back? It might be something that needs to be dealt with.
I would recommend you consider the idea that's quick to develop. I've learned that we each have our own and unique limits and that it's through experience, and particularly failure, that we become aware of them, and then fix them.
So since the odds are that you're going to fail at your first entrepreneurial venture, might as well fail fast and learn quick. And if instead you succeed, you'll have built a runway of cash and time to develop the idea that's longer to develop into an business.