Good entrepreneurs learn from their own mistakes. Great entrepreneurs learn from others’ mistakes. – Dave McClure, 500 Startups Founding Partner Unfortunately, following a system doesn’t guarantee success. In the same way you can fail cooking a meal with the recipe right in front of you,
You don’t know until someone actually swipes a credit card. – Mehdi Ait Oufkir, Co-Founder of PunchTab The Solution Interview phase is a startup graveyard. It’s not uncommon to meet entrepreneurs who have been in this phase for the last two or three years and
Lean Startup is a term entrepreneur and author Eric Ries coined in 2008 for a methodology for developing and introducing new products or services to the market. The Methodology With the Lean Startup, entrepreneurs identify the riskiest parts of their business model. Then, for each
If I had asked people what they wanted, they would have said faster horses. – Unknown (Falsely attributed to Henry Ford) The earlier you are in your validation process, the more open-ended you need to be. As there are explicit and implicit needs, there are
There are many ways to find early adopters beyond your professional network. Although the people working for enterprises are often less active on social media than their small and medium-sized businesses (SMB) counterparts, you can still find early adopters on social media. Finding Early Adopters
While the enterprise can be boring as hell, the whole thing is paved with gold. – Alex Williams, TechCrunch Writer Enterprises can’t innovate like startups and that’s a major opportunity for entrepreneurs. They may have the budget to fund large innovation projects, but they don’t
Even if your product has a low startup fee — or if it’s completely free (freemium or free trial) — it has a cost. Time is an investment. Training and implementation is always needed. Mobilizing a team to use a new solution is a risk.
