๐ง๐ต๐ฒ ๐๐๐ฐ๐ฐ๐ฒ๐๐ ๐ผ๐ณ ๐ฎ๐ป๐ ๐๐๐ฎ๐ฟ๐๐๐ฝ ๐ฑ๐ฒ๐ฝ๐ฒ๐ป๐ฑ๐ ๐ผ๐ป ๐๐ต๐ฒ ๐ฝ๐ฎ๐ฐ๐ฒ ๐ฎ๐ป๐ฑ ๐พ๐๐ฎ๐น๐ถ๐๐ ๐ผ๐ณ ๐น๐ฒ๐ฎ๐ฟ๐ป๐ถ๐ป๐ด. I wish I had known this when I was a founder. The winners probably won't be the first to market. Spotify didn't come up with online music streaming, Apple didn't invent the tablet or the mobile phone, and Canva didn't invent graphic design software. The winning startups figure out the fundamentals first - ๐๐ค๐ฌ ๐ฉ๐ค ๐๐ค ๐๐ฉ ๐ง๐๐๐๐ฉ.
Their main objective is to acquire and validate information as quickly as possible to build the fundamentals of a business.
- Product and engineering: Uncover user requirements to define the optimal product.
- Sales and marketing: Determine where to find ideal customers and how to entice them.
- Support: Identify anticipated customer issues and devise the most efficient solutions.
- Compliance: Ensure prompt adherence to legal requirements, minimising impact on customers or employees.
- Revenue: Develop strategies to transform customer enthusiasm into a dependable revenue flow.
The list goes on... Successful startups figure out lots of things quickly. These startups live in ๐๐ถ๐๐ฐ๐ผ๐๐ฒ๐ฟ๐ ๐บ๐ผ๐ฑ๐ฒ.
I sincerely hope this helps!
G