article thumbnail

7 Steps To A New Business From An Innovative Solution

Startup Professionals Musings

A small advisory board of outside people with experience in your domain can give you the unbiased feedback you need, as well as connections for setting up distribution and sales channels. Good traction on a limited rollout is great validation of a business model. Save your viral campaign and major inventory buildup for later.

article thumbnail

7 Keys To Making A Business Out Of Your Great Product

Startup Professionals Musings

A small advisory board of outside people with experience in your domain can give you the unbiased feedback you need, as well as connections for setting up distribution and sales channels. Good traction on a limited rollout is great validation of a business model. Save your viral campaign and major inventory buildup for later.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Technical Product Elegance is Not a Business Model

Startup Professionals Musings

Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. This is tricky, since you have to do realistic marketing to see realistic results, but don’t roll out the big viral campaign yet. Then listen carefully to the feedback.

article thumbnail

Entrepreneurs Need Focus on Their Business Model

Startup Professionals Musings

Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. This is tricky, since you have to do realistic marketing to see realistic results, but don’t roll out the big viral campaign yet. Then listen carefully to the feedback.

article thumbnail

Some Startups Forget to Validate a Business Model

Startup Professionals Musings

Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. This is tricky, since you have to do realistic marketing to see realistic results, but don’t roll out the big viral campaign yet. Then listen carefully to the feedback.

article thumbnail

What Do I Do Now? The Startup Lifecycle

Steve Blank

Sales (and/or customer acquisition in a multi-sided market) becomes achievable by a sales force (or network effect or virality) without heroic efforts from the founders. He managed chaos and uncertainty, and took action rather than waiting around for someone on his board to tell him what to do, and his decisions kept his company from dying.

Startup 120
article thumbnail

Seven Tips for Proving Your Business Model

Startup Professionals Musings

Here is where your Advisory Board can help you in finding real people with deep experience in your product domain, and gather some unbiased feedback. This is tricky, since you have to do realistic marketing to see realistic results, but don’t roll out the big viral campaign yet. Then listen carefully to the feedback.