Every entrepreneur should probably start by not making the most common mistakes startups make; or rather this is a requirement that might be solved using the Lean Startup Method (Lean Startup). Lean Startup is a variation of Agile Development combined with customer Entrepreneurship gathered both with software and in person that allow the organization to focus on the features the customer is most interested in.
Statics don't lie, 90% of startups fail[1]. Don't proceed if you think it's going to be a walk in the park and everything will happen right away. Startups take time and there is plenty of gloom and doom. The sad truth is that women only make up 5 percent of Fortune 500 CEOs, minorities 4%, and 91% of the CEOs of major corporations are white men[2]. At the same time, this means that there is plenty of room for women and minorities in business. The hardest part is first building a product that solves enough customer need to make enough money to compete in today's market, second is self-care, third recruiting a team, fourth not be homeless, and fifth completing the product in within the market window. Many of these things are completely out of your control.
- Don’t get hung up on features unless they make $$$.
- Focus on why it wins, not why its cool.
- Put off the impression that this is going to happen with or without them so they should get on board now.
- Back of the Envelope Calculations.
- Identifying Potential Business Opportunities.
- Undeserved Markets.
This section is about how smart entrepreneurs do their research about where the money is.
To have an IPO-able company, it has to be sustainable and dependable
Put yourself in the Customer’s Shoes
Put yourself in the Customer’s Shoes. Use Case Scenarios.
Copyright 2014-22 © Cale McCollough; most rights reserved, Third-party commercialization prohibited, mandatory improvement donations, licensed under the Kabuki Strong Source-available License that YOU MUST CONSENT TO at https://github.com/CookingWithCale/AStartupCookbook.