My First Million

The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.

New Regulation Compliance Software

For: Small to medium businesses facing new regulatory requirements

Buildability

New government regulations require complex compliance but businesses don't want to hire specialists or risk non-compliance penalties

Software that automates compliance for specific new regulations with step-by-step guidance and documentation

Regulations are increasing, penalties are severe, and businesses need automated solutions

Day 1

Identify upcoming regulation

Day 2

Build basic compliance checklist

Day 3

Create simple workflow tool

Day 4

Test with 3-5 target customers

Day 5

Validate willingness to pay

Contact industry associations about upcoming regulations

Survey businesses about compliance pain points

Build waitlist before regulation goes into effect

Pre-sell annual subscriptions

SaaS subscription with implementation fees and premium support

First-mover advantage plus regulatory expertise that's hard to replicate

Regulation might be delayed or changedMarket might be smaller than expectedLarge competitors might enterTechnical complexity of compliance rules