I help aspiring
#entrepreneurs
launch a scalable
#startup
—not an aimless
#sidehustle
—to fulfill their dreams, even without a business idea or startup capital.
Entrepreneurship & startup 101: do not use a business plan (yet)
👉Why:
When you're starting a business in an uncertain situation, like launching a startup, it's important to know that writing a business plan right away might lead to failure.
👉Instead:
Try using a business
I have a riddle for all my problem solving entrepreneurs out there:
👉 You are the landlord of a building. This building has an elevator and all your tenets complain that the elevator is too slow.
What do you do?
I believe the saying "move fast & break things" is outdated!
It only leads to products with potentially no demand and leaves you with lost time & money.
Instead I encourage entrepreneurs to adopt a "learn fast & validate things" mindset!
This way you leverage your true
The profile of an entrepreneur:
👉Hacker:
Be able to "hack" together a product following a clear vision
👉Designer:
Be able to create a stunning product that is user-friendly and addresses a real need
👉Hustler:
Be able to execute the plan and be responsible for driving
I am sharing with you my concept of the "Value Proposition Circle," which I usually only share inside Guracademy.
Most entrepreneurs make the mistake of thinking that their product is their value proposition when, in fact, this is the least important aspect.
1️⃣The What-Level:
Earlier today, I posed a riddle:
You are the landlord of a building with an elevator. All your tenants complain that the elevator is too slow. What will you
Now, let's solve this intriguing riddle:
When faced with any problem, follow these steps:
1️⃣ Reframe the problem from
For those interested in the components of a Minimum Viable Product (MVP), here is my approach:
1️⃣ Learnings from previous prototypes
2️⃣ Insights from your business model (lean canvas is my favourite)
3️⃣ Features identified in your "critical items diagram"
⬇️
☑️ Prioritize
Guys, I recently cleaned up the garage and found a Forbes magazine with the headline "Can Anyone Catch the Cell Phone King?"
This led me to wonder, do you think Apple will still be around in 10, 20, or 30+ years?
Thought you might be interested in the elevator pitch template I like to use. It helps to give you clarity and to communicate your idea clearly:
___________________________________________
👇Elevator Pitch Template👇
When [customers] encounter a [triggering event], they need to
Are you wondering when to use a MVP?
I’ve seen lots of confusion around this topic here lately. So I thought to scribble my thoughts together, hoping to help those who want to know how I think of it:
1️⃣ I've found that around 90 days is the sweet spot to start building your
How to find unlimited business ideas:
💡 Key Idea: New products always address old problems
I've drawn the picture below to help you see business ideas literally everywhere
You have the right to:
1️⃣ Tell people how you imagine the world to be, even if you feel like you are not a visionary.
2️⃣ Create something, even if you are not an expert in any field.
3️⃣ Help people who are on the same path, even if you don’t have all the answers.
4️⃣ Shape the
The ingredients for a "Godfather offer" to secure paying customers with an offer they can't refuse:
1️⃣ Your product's price tag
2️⃣ Your unique value proposition
3️⃣ A demonstration of how your solution solves your customers' problem
✅ Pro tip: Ask for the sale afterward; this
For all you SaaS enthusiasts out there, I understand the temptation to start building your product.
However, unless you want to lose money and time, don't just blindly build it (yet)!
Instead, follow this sequence:
1️⃣Demo an irresistible offer
2️⃣Secure paying customers
3️⃣Build
Merry Christmas everyone, here is little gift that should help you succeed.
🎄Minimalist Investor Pitch Deck 🎄
1️⃣ Opportunity: Highlighting a lucrative market gap.
2️⃣ Problem: Detailing the challenge the business will tackle.
3️⃣ Solution: Showcasing the innovative fix to the
I found it takes about 90 days from no starting point to earning from your first customer.
So, imagine yourself in 90 days, receiving your first payment. That pride you'll feel? It starts with your first step today.
#90DayChallenge
#FirstStepToSuccess
If you just read one single book on startup growth, read
@ashmaurya
's book "Scaling Lean".
And once you are finished reading it, read it again. And then again 😉
Here is my favourite quote from the book:
"There is no business in your business model without revenue"
Hi all, wanted to share what I learned throughout the years, what I call...
🌟7 Habits of highly effective entrepreneurs🌟
1️⃣Don't marry the idea, date the problem!
2️⃣Your product doesn't matter if the business model stinks
3️⃣If you haven't sold a single thing, don't bother
A product without a problem is a problem!
Sound counterintuitive, right? Well, not at all. All products have problems. Learn how to spot them to disrupt entire industries.
here is what I mean:
How to find unlimited business ideas:
💡 Key Idea: New products always address old problems
I've drawn the picture below to help you see business ideas literally everywhere
"We don't build services in order to make money, we make money in order to build better services"
Without looking it up, can you guess who said that?
I wouldn't have guessed it!
👇Comment bellow 👇
"Just build a great product" is about as good advice as saying "just write a best-selling novel."
If your mentor or coach says that, kick em out! Even if its your mom!
Why would anyone choose businesses like affiliate marketing or dropshipping when they can design a business model unique to their strengths and passions that genuinely impacts the world?
Launching any business is about understand the difference between starting-risk and scaling-risk.
In the words of my good old friend Yoda:
“If no mistake have you made, yet losing you are, a different game you should play.”
What’s the number 1 startup secret no one else is talking about?
Get paid before building the damn thing. This way you secure funding and build traction without wasting cash and time!
In other words demonstrate value, acquire customer aaaand then build your product or service.
What I learned today: A pivot that lacks a foundation in validated learning only steers you farther from your goals.
What insightful lesson did you gain today?
Everyone has what it takes to live the life of their dreams.
See, it doesn't matter...
❌ if you have no money to start something,
❌ if you have no idea what to start,
❌ if you are stuck in a day job,
❌ if you have no one believing in you.
The question is not if, but how and
Here is the easiest way to find business ideas:
⚡️Free ChatGPT Master Prompt⚡️
"
Assume the role of an industry expert and devise two business ideas driven by current unmet demand within industries poised for disruption in the [your target country].
Develop a first business
Ideas are nothing but viruses!
They spread, evolve, and influence the mind. Once infected you cannot easily get rid of.
What is your mind infected with recently? 🙏
REVEALED: How to go from ZERO to paying customers fast, while stuck in a day job!
⚡️ For the first time I'm sharing my signature startup roadmap for FREE
This startup roadmap is battle-tested for busy entrepreneurs who work a 9-to-5 day job, and want to secure paying customers
Ever wanted to start something but felt constrained by time, money, team, or experience?
What if these are self-imposed hurdles? Let's unravel the truth with a 5-Why analysis, as shown in this hand-drawn picture.
Step 1: Explore the Constraint (5-Why Analysis):
Dig deep to find
BREAKING NEWS: A unique game-changing coaching program is currently in development!
⚡️ Employee to PAID Entrepreneur in 90 Days ⚡️
No specific idea, funding, experience or team required!
Today, I want to share my secret weapon with all of you. Here is the simplified checklist I provide to my entrepreneurs for evaluating an early business opportunity. Feel free to steal it! 😉
👇 Business Opportunity Checklist 👇
Potential:
☑️ Compelling Reason to Buy:
Hi guys, I did a survey today and found lots of confusion around key concepts.
Therefore, here is a set of questions that will help you clarify your startup journey:
1️⃣ Problem-Solution Fit
Does your value proposition address a high-value problem matching your customers' needs?
Startup Law1️⃣: The Value Equation
Created Value > Captured Value
If your (perceived) value falls short of what your customers pay, their motivation diminishes, putting your entire business model at risk.
Follow me for tomorrow's post:
Startup Law2️⃣: The Monetization Equation
REVEALED: How to go from ZERO to paying customers fast, while stuck in a day job!
⚡️ For the first time I'm sharing my signature startup roadmap for FREE
This startup roadmap is battle-tested for busy entrepreneurs who work a 9-to-5 day job, and want to secure paying customers
Considering raising funding?
Zero in on nailing problem/solution fit. Once you've got a handle on solving a real-deal problem, then let the fundraising fiesta begin.
⚡️ Be profitable with a clear path
⚡️ Demonstrate 5x-10x growth potential
⚡️ Attain problem/solution fit
P.S.: This is not a criticism of these types of businesses. I understand their appeal, especially for those seeking quick returns.
However, when considering the long term, a meticulously crafted business model has the potential to scale higher, offering possibilities far beyond
Entrepreneurs, do not copy what large companies do.
Here is why:
🏭 Large companies:
-> known customers
-> low market risk
-> validated business model
🚀 Startups:
-> unknown customers
-> high market risk
-> invalidated business model
Ever dreamt of finding an unfair advantage that no one else can easily copy and turning it into a success story?
Drumroll, please! Say hello to The Unfair Advantage Canvas:
@NewtonianDev
My main focus is with aspiring entrepreneurs to bring their dreams to life and help them create a business that actually succeeds. Without the mambo jambo of a fictional business plan.
@PlanLaunchBuild
you mention an important point. There is a time for everything. Also for business plans. I believe, that a business plan is very helpful when pitching ideas to investors or in a later stage of a startup.
In an early startup, we need to move away from business plans and focus on
I see so many entrepreneurs blindly following ideas that only makes them lose their money. Worse, they lose endless of their treasures time.
👉 This quick & dirty idea-check prevents it
✅ Pro tip: Derive sub-ideas from your main idea, this way you don't get stuck with a
@asmartbear
Absolutely! My good old saying:
💔 Don't marry the idea, date the problem! ❤️
Aka hate the solution, love the problem
Thanks for sharing Jason
Startup secret:
❌ Scaling isn't just a move you make after seeing a spike in revenue
✅ Scaling starts when designing the business
When designing for scalability keep in mind:
👉 Customer selection
👉 High-value problem
👉 Ecosystem adoption
👉 Value capture
👉 Strat. Control
@ThatAndreaM
Do you also use the Lean Canvas?
I used to solely use the business model canvas and then I started using the lean canvas for early stage startups and stared loving it.
@DominiBouchard
Yes, I follow a strict demo-sell-build approach. This way you secure paying customers before building an mvp plus you safe time.
Here is a more detailed view of my process:
@DevMolone
Absolutely, daydreaming can be a superpower for creativity! It's awesome that you're able to cook up so many great ideas on your walks.
And kudos to you for being mindful about keeping those anxiety-inducing thoughts at bay.
It's all about finding that sweet spot, right?
@shrimpjt
Sure, think of a product you used in the past but not anymore.
So for instance, I love to read physical books but since I travel a lot I needed a new solution.
So my switching trigger to my beloved kindle was an increase in travel events.
Does that help you understand it?
The more valuable the problem you solve, the higher the price you can command.
So, if you're not charging enough, you're not solving big enough problems.
#pricingstrategy
#entrepreneur
Entrepreneurs, as promised yesterday:
Startup Rule 2️⃣: The Monetization Equation
Captured Value >= Cost Value Delivery
To sustain your business model, ensure that the value you recapture equals or surpasses the cost of delivering that value. Otherwise your model is at risk!
@asmartbear
An entrepreneur's job is to discover a problem worth solving regardless of the solution. The solution changes as technology changes.
Therefore, an entrepreneurs job is to love the problem not the solution
@abhisheksengupt
Hi Abhishek, of course. I believe more entrepreneurs need to get this knowledge and I would love to help and provide value. Want to shoot me a DM?