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68% of the business fail because; It does not have right product/market match Product does not create customer interest Waste money in premature scaling Get caught up in day to day Using the models of business model generation, customer development, design and thinking and lean launch, one can certainly get to the perfect start of the business. This presentation by me while addressing the TiE Members of Mumbai Chapter over the Business Builder Breakfast, I have captured the essence of realizing your true nature, challenges as an entrepreneur and using the components of the models to get started right.
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bootstrapping
your way to success
i know, you’ve a killer idea!
so what,
do you know what it takes in to
capitalize?
passion?purpose?
perseverance?
there are two types of
entrepreneur
devdas
customer and market is just an object
focuses on few ideas
reduce risk with research and data
take calculated risks
makes consistent progress
slow, steady and stable
limit
select progressive
develop expertise
dabbang
customer and market is just only a data
find only few incremental idea
place big bets, slowly
fails more often in new situation
prefers search over stability
the sky is not the only limit
unstable, unreasonable, unstoppablefear
avoid new
have narrow
who you are, when no
one is looking
devdas dabbang
as an entrepreneur, you’ve to deal with
doubtfear of failurebankruptcyloneliness
inescapable situation
breath-in, no need to be worried
#1 do you have business model
Customer Development
Blue Ocean Strategy
Design thinking for product development
Lean Development
trust me, if you follow these guidelines
your business won’t be in the list of 68% that fail;
not knowing the
product/market fit
your business won’t be in the list of 68% that fail;
because product does not create
customer interest
your business won’t be in the list of 68% that fail;
wasting money in premature scaling
your business won’t be in the list of 68% that fail;
Get caught up in day to day
my source and inspiration
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