Startup Stages

The Early Bird Already Has The Worm

The last question in”The First Seven Questions Any Product Plan Should Answer” is What Are You Replacing? Every Product Has Competition But after careful experimentation we learned that most entrepreneurs would instinctively cast themselves in the role of the early bird who gets the worm and say “Nothing. We are brand new!” So we re-phrased

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The Fact That Your App Was a Weekend Project Is Not a Feature

The fact that your new application was a weekend project is not a feature! I see announcements like We just coded this up last weekend take  a look… I wrote this on a Saturday afternoon check it out… We built the tool (over the last few weekends)… I don’t know if it’s Startup Weekend’s original

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Q: Is Building The Wrong Product A Waste Of Time?

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.

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Entrepreneurs Need a Community of Practice Not a Movement

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.

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Marcelo Rinesi: The Expertise Light Speed Barrier

Marcelo Rinesi writes on the implications of the “expertise light speed barrier” of ten years of focused practice to become an expert. He observes that if “we manage to defeat the ‘expertise light speed barrier’ and find ways to teach and learn much more effective than anything before, it would have an astounding impact on

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Enterprise Change Agents Need to Add Process Mining to Their Bag of Tricks

Today many change initiatives (and new software sales almost always involve the key elements of a change initiative) rely on interviews and replicating the results from an existing “manual system.” Processes mining tools and techniques will play an important role here.

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Are You Using Cognitive Task Analysis for New Market Exploration?

I am interested in talking with anyone who is using Cognitive Task Analysis (CTA) or Naturalistic Decision Making (NDM) methods and paradigms to inform their customer interviews. I have been reading  “Working Minds: A Practitioner’s Guide to Cognitive Task Analysis” by Gary Klein et. al. and I had an epiphany that these techniques would be

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Jim Manzi: Focus on Delivering Value to Customers at a Foreseeable Profit.

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

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Three Tips from Sid Faulkner For Preparing To Sell Your Startup

Sid Faulkner, CFO of Ciranova gave a talk today on “Navigating the Treacherous Path of Mergers and Acquisitions” at an event at Abbot Stringham and Lynch. Mr. Faulkner was Vice President and Chief Financial Officer of Oak Technology, Inc. where he led the 1995 initial and secondary public stock offerings, established an active program of

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The Technology is Nothing Without the Team

I remember once talking to my high-school physics teacher, who had been one of the leading teachers in our district for decades. “Don’t you get tired teaching physics?” I asked him one day. “I don’t teach physics,” he replied. “I teach students.” The same wisdom applies to securing financing for startups:  investors don’t fund technologies,

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Startup Stages Overview Video

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

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Honor Customer Commitments To Avoid Poisoning the Well

“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

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Self-Publishing Often Marks The First Generation of New Knowledge

The first observation of a new insight is often published in a lab notebook or personal journal or as notes from a meeting that captured an anecdote. Self-publishing often marks the first generation of new knowledge because “new” is often hard to comprehend and not accepted by the status quo or established publication channels. If

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