If you are reading this post, you likely have some interest in starting a new business or you have setup a business. Whatever stage you are at, it’s a great read to know what to consider when starting a business. The first step is for you to understand the Minimum Lovable Product (MLP) for your …
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Tag Archives: startup
Write a Business Plan
How did you go with mind mapping and customer validation? How many people agreed to pay for your idea/product/service? How many of them were a convincing yes? How many of them were halfhearted yes? Was it difficult? Was it fun? Are you still keen to keep doing this in the long term? Remember that glory …
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Validate your idea
Validating the demand for your product is more important than ANYTHING. More important than features, your team, design, pricing, etc. The theory of lean startup works around this very principle of validating your idea for as little as possible. Without market validation, you will have a product or service that no one is willing to …
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Know the problem your startup is solving
As humans, we tend to keep thinking of new ideas. The most important question is what problem are we solving? There is no point investing your blood, sweat, tear and a whole lot of resources behind an idea which does not solve a problem. Step 1 — Know the problem You want to be able to clearly …
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How to know if my startup idea has potential
So, you have an idea and want to create a legacy and be worth a billionaire? Or are you just chasing a part-time income? Or you want a better work-life balance? Either way, be sure why you want to pursue this idea because you will be investing your and someone else’s hard earned money along …
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