It’s not uncommon for an entrepreneur to feel stuck in low gear, falling behind both the competition and their own plans for progress. Here are some suggestions for how to keep calm and carry on.
Q: Help I Feel Stuck in Low Gear Read More »
Applications that improve knowledge worker productivity have to satisfy “prepared users” not “casual users” and are especially challenge to do customer discovery and development for. With his permission, I have included William Pietri (LinkedIn williampietri) answer to a real question from an early stage entrepreneur because I found it incredibly insightful. I have known William
Q: How to Explore an MVP For Knowledge Worker Productivity Read More »
When someone on your team says, “Google Thinks Our Name Is a Typo” you are at a disadvantage. Even worse if it suggests a competitor as the correct spelling it makes it look like you are typosquatting. Unless you have a strong reason for doing so it’s probably not a good idea.
Q: Google Thinks Our Name Is a Typo and Suggests a Competitor Read More »
A focus on inefficiencies is a good method to find a underserved market where you can bootstrap you way to viability. Here is a list of several others.
Q: Is a Focus on Inefficiencies a Good Way to Find an Underserved Market? Read More »
How do you answer someone who asks “Should I be an entrepreneur?” We ask, “Are you committed to self-improvement and to providing value?”
Q: Should I Be an Entrepreneur? Read More »
Customer development–discovery driven sales–requires that you first understand the customer’s problem then present a vision of a solution. If that is acceptable you can proceed to a demonstration that provides technical proof of value.
Q: I am in the process of forming a scientific advisory board for my startup in the healthcare / facility management space and I would welcome any insights or suggestions.
Q: Forming a Scientific Advisory Board Read More »
There are a lot of misconceptions about finding early adopters of a new product or technology. It’s a question that comes up often in early market exploration: this post is a summary of my experience and current best thinking.
Q: Best Practices For Finding Early Adopters Read More »
Some quick answers to common questions about intellectual property (IP), IP protection, and when to incorporate.
Q: When to Incorporate and Options for IP protection Read More »
It’s important to understand who your customer is and what their critical business needs are. Helping customers is only possible once you have identified who you are truly serving (who will pay you) and which of their needs or problems you can help them address.
Q: Helping Customers On Hold Read More »
Painful cofounder experiences are more common than happy ones, and especially so when the parties don’t know each well to begin with and the business startup fails. Here is a real email exchange that explores some ways to minimize the risks.
Q: What Lessons Should I Draw From A Painful Cofounder Experience? Read More »
To make effective use of your advisory board you have to provide them written material in advance that offers context on your situation and the questions you want to explore with them.
Q: Making Effective Use Of Your Advisory Board Read More »
A common mistake technical entrepreneurs can make is to focus on what’s easy to build, and enter a market with dozens of competitors without thought to differentiation. Or to hope that by making it “free” they can make money by selling ads.
Q: A Google Search Finds Dozens of Competitors, What Now? Read More »
You can only capture a share of the value that you create if you want to create a sustainable business. While you need to assess the likely return on investment from your efforts and your probability of success, you also need to look at any deal from the other side of the table. It’s as
Q: How Can I Maximize ROI and Minimize Risk? Read More »
Each interaction with a business prospect or a customer has to promise an exchange of value: their time or money for at least the strong possibility of benefit. Many of the startup fantasy camp customer development training models neglect this and teach beginning entrepreneurs to rely on the kindness of strangers. This may work in
Q: How Do We Get A Business Prospect To Talk To Us? Read More »
A recent question from an office hours session on how to handle a prospect asking you to critique a competitor when both of you have new offerings in a new application area.
Q: How To Critique a Competitor? Read More »
It’s masturbation to calculate the exit value of idea that has not been reduced to practice and achieved some level of traction. The real question is how much time and effort to invest to achieve a level of traction that would allow place a value on the business that leverages the ideas. Often it’s not a
Q: How Can I Calculate The Exit Value Of My Idea? Read More »
It’s OK to solve your own problem first, to be the first customer. This at a minimum gets the idea out of your head and reduced to practice where it can be tested. The trick is to use this basic product to spark further discussions about the problem you solved, no your solution.
Q: Can I Be My First Customer? Read More »
Q: Should I tap my 401K to bootstrap my startup? A: No, and read Barry Moltz’s “You Have to Be a Little Crazy” on the risks of money from friends and family.
Q: Should I Tap My 401K To Bootstrap? Read More »
We recently helped a client frame the exploration of an opportunity for acquiring a small software firm. Here are some questions to consider if you are contemplating the sale or acquisition of small software company.
Q: How To Evaluate Acquiring a Small Software Firm Read More »
