Building the “wrong product” is not a waste of time you learn about the market and technical feasibility. Right and wrong are both gray, not black or white. Customer development and technical development typically require a sequence of prototypes that are “less wrong” over time under they become good enough.
Q: Is Building The Wrong Product A Waste Of Time? Read More »
Entrepreneurs need a community of practice to improve their skills, not a movement they can join as a fad. I don’t consider myself a disciple or part of a movement. I consider myself a practitioner. I am a huge fan of Saras Sarasvathy, Clayton Christensen, Peter Drucker, Gary Klein, and Gerald Weinberg.
Entrepreneurs Need a Community of Practice Not a Movement Read More »
Jim Manzi, founder of Lotus and Applied Predictive Technologies, advises entrepreneurs to “Focus on delivering value to customers at a foreseeable profit” in “How to Succeed in Business by Really, Really Trying.” How to Succeed in Business by Really, Really Trying. It’s a great article and also on the limits of advice to entrepreneurs, in particular autobiographies
Jim Manzi: Focus on Delivering Value to Customers at a Foreseeable Profit. Read More »
It’s very hard to forecast the rate of adoption of a genuinely new offering in an emerging market, one that is discontinuous with current practice. A focus on scaling is premature until you have proof of value and have found your niche.
Worry About Scaling After You Find Your Niche Read More »
This is Sean Murphy for SKMurphy, Inc. I want to talk to you about our startup stages model and understanding that risk reducing milestones that separate each stage. We break the startup journey into five stages. In each stage you will explore different options and converge on a key risk reducing milestone. Starting from idea
Startup Stages Overview Video Read More »
“In a small way, every talent acquisition poisons the well for future, bootstrapped startups. It erodes the confidence of users and potential customers. People put their company blog on Posterous, they add their business to GoWalla, they gave AdGrok a few hours of their time, etcetera, etcetera. I’m not saying I would turn down the
Honor Customer Commitments To Avoid Poisoning the Well Read More »
“Unhappy users in our industry don’t continue to file bug reports; they start writing business plans.” Michael “Mac” McNamara talking about the EDA Industry I was reminded of this remark that Mac made at an SDForum event several years ago as I was reading the “Who Are User Entrepreneurs?” study which summarizes findings on innovation,
Bug Reports vs. Business Plans Read More »
Your startup is a work in progress. When most entrepreneurs evaluate where they are it’s difficult not to include the promising future they foresee naturally ensuing from current efforts (or on bad days the certain doom no matter what they do). If you are not getting traction, if you don’t have the ability to reliably
Zoom In For Traction, Zoom Out For Impact Read More »
This post on customer development interviews is one of my most popular. If you would like help preparing for customer development interviews or reviewing results from recent interviews please sign up for a no cost no obligation office hours session and I will be happy to help you rehearse or de-brief. Here are my lessons learned from taking
Tips for B2B Customer Development Interviews Read More »
A bootstrapper needs four attributes to succeed: purpose, patience, politeness, and prudent risk taking. These are markers for strength not weakness.
Purpose, Patience, Politeness, and Prudent Risk Taking Read More »
Gauging Customer Commitment Some customers will tattoo your brand onto their body. Harley Davidson and a few rock bands have able to achieve this. But in general it’s difficult to create that level of life long commitment in a paying customer. You have to be content with accepting their money and working hard to evolve
Gauging Customer Commitment Read More »
Three variations on the idea that “successful entrepreneurship is an ongoing self-improvement” project, program, or process.
Successful Entrepreneurship Is Ongoing Self-Improvement Read More »
Refine and curate your thoughts by reworking the first draft of your answers in an email or in response to a question from a customer or an audience member at a talk.
Refine and Curate Your Thoughts as FAQs, Articles, and Talks Read More »
Competition is inevitable, that is why it’s wise to prepare for it and immunize yourself with difficult to copy differentiation where possible. A pure focus on implementing new features as fast as possible in an effort to outrun the competition is unlikely by itself to be enough. Here are some barriers you can erect that
Erecting Barriers to Competition That Are Difficult to Duplicate Read More »
Pay attention to self-description: the story you tell yourself and about yourself. Cultivate productive habits that don’t require conscious decisions. “It is a profoundly erroneous truism, repeated by all copy books and by eminent people when they are making speeches, that we should cultivate the habit of thinking of what we are doing. The precise
Narrative Rationality: Be Mindful Of Your Self-Description Read More »
Successful entrepreneurs answer “Why your startup matters?” by pointing to problems solved for customers and jobs created. Profit is a means to creating future value and funding is a means to creating profit.
Why Your Startup Matters Has Little to Do With Funding Read More »
Summary of a very insightful talk on leadership lessons learned by Mr. B.V. Jagadeesh entitled “Lessons Learned Starting, Leading, and Succeeding at Multiple Startups.”
B.V. Jagdeesh on “Startup Leadership Lessons Learned” Read More »
George Grellas left a great short essay on leadership in a comment on Hacker News. Writing in response to “Wash the Dishes When Nobody Else Will” This is reposted with his permission (re-formatted from a single block of text).
George Grellas on Leadership Read More »
Tristan Kromer suggests that there are many viable models for a business, all have advantages and drawbacks. Services are easy to start but hard to scale. Despite surface appearance, a software business still inventory of people, key assets in the form of ideas, and a manufacturing process in the form of software release.
Tristan Kromer on Businesses Models Read More »
To many of the current incubators seem focused on “on hit wonder” startups designed to be acquired quickly. Apps are the new pop songs and the incubators are the music labels, stoking the star maker machinery.
Stoking the Star Maker Machinery Behind The Popular App Read More »
