Bill Aulet,Marius Ursache

Disciplined Entrepreneurship

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  • Piero Linareshas quoted6 years ago
    Entrepreneurship is about creating a new business where one did not exist before
  • Sergeyhas quoted11 years ago
    competitive position How well you meet your customer’s top two priorities compared to any existing or likely competition, including the status quo for the customer.
  • Sergeyhas quoted11 years ago
    measure would be click-through rates on the e-mails that were opened, the amount of money in sales that affiliates realized from the click-throughs, and the payments made to StyleUp for these sales. One might think that only the last of these three factors matters; but it is very valuable to know all three in order to provide a robust data set if the business model needs tweaking.
  • Sergeyhas quoted11 years ago
    The goal is straightforward—make a list of all of your key assumptions, narrow your assumptions to the most important, put it/them into a product the customer can use, and see if they will buy it.
  • Sergeyhas quoted11 years ago
    . The product is sufficient to start the customer feedback loop, where the customer can help you iterate toward an increasingly better product.
  • Sergeyhas quoted11 years ago
    1. The customer gets value out of use of the product.
    2. The customer pays for the product.
  • Sergeyhas quoted11 years ago
    keeping the process moving quickly and efficiently
  • Sergeyhas quoted11 years ago
    You can never take all the risk out of a startup but you want to decrease it as much as possible
  • Sergeyhas quoted11 years ago
    To test the interest of lighthouse and linchpin customers, see if they will do any of the following:
    Prepay for your solution (best)
    Put down a deposit (good)
    Provide a letter of intent (okay)
    Agree to a pilot (acceptable)
    Express a strong interest in purchasing if certain conditions are met (not too reassuring but may be acceptable)
  • Sergeyhas quoted11 years ago
    With key assumptions identified, you will now design experiments to test these assumptions in the cheapest, quickest, and easiest ways possible. The goal is to gather empirical data that either supports or disproves your assumption
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