It is an effort to put down what I learn here from my entrepreneurial journey in www.cocubes.com on the web.
Learning No. 1
Ideas begin and get implemented in the following steps
Things began with a simple idea and associated assumptions.cWe then research the idea to make it complex. Then we try to define the value proposition we are offering and cut it down again to make it a simpler offer for the market
Stages 1 and 3 are both simple representations of ideas, but what may have changed is the value proposition. This could be because of the extra insight we gained into the problem which led to modification of initial idea we had.
The take away is to get to stage 3 with minimum time investment and the correct market offering. This is one of the things I hope to get better at.
How is this made possible?
- Validate your assumptions as quickly as possible. Even the strongest assumption. This can be done by taking feedback from the parties involved in the business
- Develop a sense of what is important and what is not. Look at things that can be scaled up
- Concentrate on the basic offering – the one which provides major value proposition for the users. If you get that right, the users shall take care of the rest
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