Half the battle of a start-up is simply getting started, but once you have an idea and a team, there comes another hurdle: finding the right product-market fit.
The quest to product-market fit or ‘PMF’ is often filled with false positives, failed features, and trying to figure out the fastest possible way to generate revenue.
But what does that look like in real life? How do you measure your path to PMF? How do you validate along the way? These are questions that I hear time and time again from entrepreneurs, so I thought it was high time to share the lessons that we learned (the hands-on way) at ConsumerBell on our journey to PMF.
Contributed by Rob Emrich
There seems to be a misconception floating around in the startup ecosystem that entrepreneurship is synonymous with misery and painful uphill battles. And while it is true that entrepreneurship is a uniquely challenging road, I take issue with the claim that it has to be a gruelling and thankless one.
Fact: there are only 24 hours in a day, and 7 days in a week. It’s impossible to add additional hours to the day, and it definitely isn’t healthy to cut back on sleep, exercise, or personal time in order to free up more hours in the day to work.
So instead of fighting against the clock, I made the choice to make my time work for me.
What does beta mean? Unfinished? Imperfect? Flawed?
Not so much. Try growth, hustle, and an endless quest to be better. If you’ve ever read The Startup of You from Reid Hoffman, Co-Founder and Chairman of LinkedIn and Ben Casnocha, you know exactly what I’m talking about.
Last month, we published the list of the top conferences for entrepreneurs in North America. These events are the ideal venues to gain exposure, make connections, and get inspired.
But we know that the decision to invest your precious time and money into attending a conference , or any event, is not one that many entrepreneurs take lightly. So, to help you make the most out of your trip, we’ve put together a list of some of the things that you should consider before, during, and after the event.
Whether you’ve raised a few million or you’ve bootstrapped your way into business, your responsibility as a founder is to leverage your company’s resources for maximum gains.
A mediocre founder spends money to maintain the status quo. A smart founder knows that every dollar coming out of their pocket needs to be justified by a healthy ROI.
While the reality is a little more complex than “you gotta spend money to make money”, these five investments have proven themselves to have high returns in the short and long-term for growing businesses.
As entrepreneurs, we’re told to ‘watch out for burnout’, as if it’s something lurking around the corner waiting to pounce.
We’re told to ‘keep an eye out for the signs’, but many of us don’t know what to look for. Partly because we’re too wrapped up in our businesses, but partly because too few of us are willing to share our own experiences with burnout.
This is my story of almost getting side-swiped by burnout, and coming out a stronger person on the other side.
It’s not HTML5, iOS development or CSS3. (Although, those are valuable skills). No, this is a skill that we are all born with, and something as old as time. Many of us use it, but few of us master it.
I’m talking about storytelling.
In an era where consumers are bombarded with unfathomable amounts of irrelevant information, success in business will be had by those who can master the art of the captivating story. Read More…
Steve Jobs taught us that the best things come to those who ask.
So we’re asking you for your best startup advice!
From heavy-hitters like Brad Feld and Jason Calacanis, to brand-new founders, the Clarity community is full of insightful entrepreneurs who have a wealth of knowledge and experience to share.
From February 19th to March 1st, we’re collecting the very best startup advice from the Clarity community. The top 100 submissions will be featured in our expert guide: Get More Clarity: Straight Up Startup Advice From Experienced Entrepreneurs, alongside experts like Eric Ries, Lewis Howes, and Dave McClure.
This guide will be a landmark resource for new entrepreneurs for years to come, jam-packed with exclusive advice on everything from raising funds, to customer acquisition.
Our mission at Clarity is to help 1 billion entrepreneurs within the next decade, and we can’t do it without your help.
If you want to be featured in this expert guide, submit your advice at clarity.fm/startupadvice today!
About the author: Paul De Joe is the founder at Ecquire, a workflow productivity tool that will add a day back to your week, an EIR at Fairbridge Venture Partners and a key player in three successful startups.
Not all advice is created equal. Sometimes there is a big gap between what we want to hear, and what we need to hear.
In fact, the best advice goes beyond questions about term sheets and viral marketing, and touches on something far more personal – your passion.