In the last quarter of the 20th century, startups thought they knew the correct path for the startup journey. They adopted a methodology for product development, launch, and life-cycle management almost identical to the processes taught in business schools for use in large companies. Yet at the end of the day, even with all these processes, the embarrassing fact is that in companies large and small, established corporate giants as well as new startups, more than nine of 10 new products fail. It’s true in every product category — high-tech or low, online or off, consumer or business — well-funded or not. We now know what the problem is. Startups have been using tools appropriate for executing a known business. But startups are all about unknowns. To find the path to build a winning startup, entrepreneurs must try a new way
"This is an excellent manual for building a successful startup. The step-by-step process outlined in the book is enhanced with just the right amount of explanation to show you not just the ‘what’ but also the ‘why’." - kevin kauzlaric
"For people about to begin their journey, it gives you a clear roadmap and practical advice for what you should be doing at each step of the way. " - Culttt
"The book has material for every type of entrepreneur and really tries hard to be a blueprint on how to build and scale a startup. It tries so hard that at the end it ultimately fails, and I'll describe my view in detail." - Vladimir Prelovac
"This book tell you how to do customer development via customer discovery and customer validation." - Trak.In
The recent economic recession has wrought millions of unemployed workers, an unprecedented number of home foreclosures, countless major retail brands boarded up for good, a rash of business and personal bankruptcies, and an unstable financial market. Even as the economy rebounds, there simply won’t be enough jobs available to absorb all
The purpose of The Sticking Point Solution is to help entrepreneurs and executives recognize the ways in which their businesses may be stuck, and to then give them tools for getting unstuck and enjoying exponential growth. To achieve this, Jay will help you to identify the nine “sticking points” that keep
Increasingly, the quest for success is not the same as the quest for status and money. The definition has broadened to include contributing something to the world and living and working on one’s own terms. In this book, you will find some of the counterintuitive principles that have helped TOMS grow
Business owners, and their teams, often lose their way in the midst of the day-to-day stress of generating sales and profits. Suddenly, everyone becomes so focused on short-term goals that the entire organization loses sight of the long-term vision. The solution is to start at the end. When you know where
You have the idea of a lifetime and yet you do not know where and how to begin. It is a dilemma shared by entrepreneurs everywhere. So, what does it take to turn a great idea into action? The best reason to start an organization is to make meaning. Meaning is not
Family businesses are the backbone of the economy of just about every country on earth, and the wealth of nations depends on them. Many, even most of the major corporations on the planet had family business origins. Understanding family business can unlock one of the greatest and most illusive challenges in
Having a mixed culture with a mixed education, Carlos Ghosn was able to lead Nissan to the next success. Traveling from Lebanon to Brazil, then Paris and America curved his methodology and his way of thinking in a way that enables him to turn a losing company to be one of
The great secret of our time is that there are still uncharted frontiers to explore and new inventions to create. In Zero to One , legendary entrepreneur and investor Peter Thiel shows how we can find singular ways to create those new things. Doing what someone else already knows how to do takes
Built to Last has influenced many executives and entrepreneurs since it was originally published in 1994. It outlines the results of a six-year research project into what makes enduringly great companies. Filled with hundreds of specific examples and organized into a coherent framework that can be applied by managers and entrepreneurs
This unique guide features the startup stories of regular people launching side businesses that almost anyone can do: an urban tour guide, an artist inspired by maps, a travel site founder, an ice pop maker, a confetti photographer, a group of friends who sell hammocks to support local economies, and many
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Winners combine agile engineering and Customer Development to iteratively build, test and search for a business model, turning unknowns into knowns.
Losers blindly execute a rigid product management and introduction methodology. They assume that the founder’s vision drives the business strategy and product development plans and that all they need to do is to raise funds for execution.
Customer discovery translates a founder’s vision for the company into hypotheses about each component of the business model and creates a set of experiments to test each hypothesis.
Customer discovery includes two outside-the-building phases. The first tests customer perception of the problem and the customer’s need to solve it. The second phase shows customers the product for the first time, assuring that the product solves the problem or fills the need well enough to persuade lots of customers to buy.
Customer creation builds on the company’s initial sales success. It’s where the company steps on the gas, spending large sums to scale by creating end-user demand and driving it into the sales channel.
“Graduation day” arrives when the startup finds a scalable, repeatable business model. At this point it’s fundamentally no longer the temporary search-oriented organization known as a startup—it’s a company!
Customer discovery had you get out of the building twice, first to understand customers’ problems and how they work, and second to determine how well the new product solves that problem.
The first two steps of Customer Development are where entrepreneurs live or die in the search for a repeatable and scalable business model.
When a company has successfully exited Customer Validation, there’s a library full of business-building texts available to help execute the business model.