Fail fast on your way to success
Success. It can be an elusive beast. It can also be an obsession – just like your product. The important thing is to accept the fact that you may very well fail (and fail fast) before you succeed.
Success. It can be an elusive beast. It can also be an obsession – just like your product. The important thing is to accept the fact that you may very well fail (and fail fast) before you succeed.
Now there’s a million dollar question for agile scrum teams if ever there was one. And we need to talk about it.
If there’s one thing young startups simply do not need it’s noise. And when I say noise I don’t mean “a sound, especially one that is loud or unpleasant or that causes disturbance”.
As a startup, you may daily have good or horrible ideas, great visions, a strong sense of mission and commitment. And you’re working on your product. But what is your product, really? To understand that, let’s talk about business model considerations.
Let’s get emotional. Well not like that. I’m talking emotional intelligence. Have you checked yours lately? If not, then you should.
If you are reading this and only discovering now about GDPR then Houston we have a problem. But don’t worry. We can help.
Ego and confidence. You can’t have one without the other, right? And you need both to build a successful business, right? Wrong.
The point I want to make is about how often Venture Capital investors simply write off their investments. Which is what matters most for the entrepreneur, since for them it is a binary event — either they will make it, or not.
Your MVP is ready. And so is your team. Your business is starting out on its runway and you feel you are ready to apply for a startup accelerator.
The title of this post may sound harsh. But sometimes the truth hurts. And when it comes to your startup strategy, that’s a good thing. You need a good business model more than you need a good product or service. Fact. Yes, you have of course heard of Alexander Osterwalder’s famous Business Model Canvas.