2023.10.26 - Defining business idea

Intro

Startup is about critical value that it brings.

Usually, it comes in a form of process optimization or assistance, which results in reducing effort/time/money for business.

If you want to make world a better place - earn money and power. With these resources changing world would be much easier task.

Critical value

Critical value is a problem-solution pair. Concentrate on one CA, if you have long worded CA, then you probably have multiple problem-solution pairs, so split them up.

"Why I haven't seen it before?", - client emotion which your startup should create.

Define your ideal customer. Define your buyer persona (could be different from person benefiting from solution)

Team

Team size corelates with sales. More sales -> more team.

Everything that prevents sales should be solved with people.

Talk with each other on this program.

Things that slow down idea growth

• Lack of trust

• Compensation (You don't start a startup just to prove that you can)

• Fear of numbers

• Perfectionism