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You may have an initial hypothesis about why your product is useful to enterprises. How do you validate it? There are several factors: which customers to reach out to feedback? How do you identify the *right* person within the org. for feedback? How do you evaluate their response? etc.
How does an entrepreneur determine if his product really has a market fit that can guarantee rapid growth for the enterprise? The question becomes relevant when the product addresses a latent need that is not very explicit in the market place. What are the typical pointers to a 'successful' or an 'unsuccessful' product?
there are many good companies which are doing great jobs in their niche. but very few Ideas scale, how can these companies tweak their business model, and focus to become large profitable organization
A good idea and you start enthusiastically by yourself or with friends. The founding team is all excited and there are no 'rules'. Works for sometime, but after a few years, when revenues start happening and the start up has to move to next level....
Bootstrapped startups have very low or nonexistent marketing budgets. If you're making a product for the global market, how can you make sure your product is found by the right people?
We are a young startup with a service offering of online ERP and HR software. We are facing a lot of roadblock in marketing SAAS to our target clientèle (which are mostly old-style brick and mortar firms) and especially with a slim sales force. Would like to see if some inputs could be got on this.
We are a startup with a service offering of Management Consultation and Leadership training. We are facing a lot of roadblock in marketing our Webinar to the right audience inspite of knowing them. Would like to see if some inputs could be got on this.
The idea is to understand the dynamic behind catching customers into a cloud and to retain them by providing continuously improved services.
Building a product that can be consumed online implies that it's location agnostic. How to target companies in the valley being in India ? Is it a necessity to be in the US?
Would like to hear about market entry experiences of product startups with specific reference to early stage high yield marketing techniques.
For TiE education, Mentoring and Networking are the pillars. These are delivered through various events in different formats: Talks, My-Story sessions, Panel discussions, Member networking sessions, Unconference (from now) etc..It will be useful to know how our members value these and what additional or alternate delivery formats and activities should we consider to be relevant and aligned with our members' expectations.
To understand better where TiE stands in the entrepreneur ecosystem today, and what role do start ups think TiE can play for them and how?
There is no dearth of ideas on solving problems. How can we leverage all the collective intelligence in the high tech industries to foster social innovation. How can we leverage technologies to improve the life of rural folk?
How do we identify great co-workers ? How do we build a team that lasts through the rough years ? How do we build a team that creates great products ?
How Recruiting the right people is the Key to Scale up and Establish your Start up
The difference starts from recruitment, development, environment and also the technology. The things to be taken care for getting the people shift their base from project based working to products.
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- Solving a problem that most users are not willing to pay to solve your way
- Thinking that you can do it all by yourself
- Lacking trust among team members
- Being overconfident and not questioning yourself
- Lacking a crisp, singular focus&emdash;Trying to be everything to everyone
- Marketing myopia
- Confusing a hobby with a business
- Pricing incorrectly and not knowing your real competition
- Failing to properly define your market and customers
- Not having enough financial resources available
- Focusing on a market segment too small to sustain you
- Starting a business for the wrong personal reasons
Imagine a bank with a line as customers wait for an hour to cash paychecks. You have a product that could reduce waiting time to ten minutes. You meet the president and tell him you have a product that could solve his problem. What does the president say?In case we thought the last type of customer doesn't exist, Dorai told a story of how he was talking about his vision to a customer and it was such a desperate problem that they paid him in advance to create a product to solve it. You know you have a market when customers are willing to part with their money even before you have started development. Steve Blank calls these customers "Earlyvangelists".
- "What problem?" - The president doesnt realize they have a problem. They won't become customers anytime soon. They are late adopters
- "Yes I feel bad about it and give them cups of water" - They know they have a problem but are not motivated to solve it. It's not an important problem to them.
- "This is a big problem, we are losing $500,000 a year! I'm looking for a a product that will cut processing time by 70%, cost less than $150,000 and integrate with our back end" - Getting warm. Recognize they have a problem and have visualised a solution
- "I requested our IT department to develop a solution, but it doesn't work and keeps crashing." - Hot. They have a problem and are spending money on solutions, but nothing works.
- "Boy, if we find a vendor who solves this, we can spend the $500,000 I've budgeted for it!" - Fiery hot. Ready to spend big, but no solution in sight. Perfect first customer
%% handle(Path, Method)What the above code does is to return "not a resource" if you call the handle function with the path parameter as "/" and any method. If you call handle with any path and method parameter as "GET" then it calls retrieve_resource(Path) and so on.
handle("/", _) ->
not_a_resource;
handle(Path, 'PUT') ->
create_new_resource(Path);
handle(Path, 'POST') ->
update_resource(Path);
handle(Path, 'GET') ->
retrieve_resource(Path);
handle(_, _) ->
invalid_request.
>>> from peak.rules import abstract, whenHere is what is happening:
>>> from prioritized_methods import prioritized_when
>>> @abstract()
... def handle(path, method):
... pass
...
>>> @prioritized_when(handle, "path == '/'", prio=1)
... def not_a_resource(path, method):
... print "not a resource"
...
>>> @when(handle, "method == 'GET'")
... def get_resource(path, method):
... print "getting", path
...
>>> @when(handle, "method == 'PUT'")
... def create_resource(path, method):
... print "creating", path
...
>>> @when(handle, "method == 'POST'")
... def update_resource(path, method):
... print "updating", path
...
>>> @when(handle, "method == 'GET'")This defines one implementation for the handle function. It says, when the handle function is called, and the condition given is True (in this case method == "GET"), then call the implementation given below (here: the get_resource function).
... def get_resource(path, method):
... print "getting", path
...
>>> handle("/", "GET")Pretty cool! The best part of this is that you can dispatch on virtually any condition. While the resulting code is a little more verbose than the Erlang example, its not too bad and it does the job well.
not a resource
>>> handle("/", "POST")
not a resource
>>> handle("/home", "PUT")
creating /home
>>> handle("/home", "POST")
updating /home
>>> handle("/home", "GET")
getting /home
I attended a seminar this evening presented by one of our largest banks (name not mentioned to protect some friendships). A middle manager introduced Eugene White, an economist from Rutgers. “I earned nothing last year,” said the hard-working bank employee. “Zero for 2008. No bonus. No options. No stock.”
Over dessert and coffee I asked one of the guy’s subordinates if the boss wouldn’t also have gotten some sort of base salary. “Sure,” he replied, “but maybe as low as $500,000 per year.” How did that round to zero? “Well, he might have made $12 million the year before.”
And you thought Peano arithmetic was challenging….