I& #39;ll tweet my learnings
A thread
I& #39;m applying most of these learnings to my upcoming #EdTech startup.
First off, focussing on the market.
I have a fair understanding of the market as I know several small organisations quite well who would be the long-term target for the paid version of the SaaS.
First off, focussing on the market.
I have a fair understanding of the market as I know several small organisations quite well who would be the long-term target for the paid version of the SaaS.
In fact, I work *in* the industry in question.
I& #39;m aiming to use this as my unfair advantage (as Arvid recently said to me!)
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But, ok. I may see a problem clearly because I work in the sector, but is it a
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💥" title="Symbol für eine Kollision" aria-label="Emoji: Symbol für eine Kollision"> CRITICAL
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💥" title="Symbol für eine Kollision" aria-label="Emoji: Symbol für eine Kollision"> problem?
I& #39;m aiming to use this as my unfair advantage (as Arvid recently said to me!)
But, ok. I may see a problem clearly because I work in the sector, but is it a
Well, the pain point I want to help improve is something that learners in the UK *have* to do as part of their specific type of programme (yes I& #39;m keeping it vague at the moment!)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="💼" title="Aktenkoffer" aria-label="Emoji: Aktenkoffer"> It& #39;s a legislative requirement.
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen"> It has to be done.
So that& #39;s good for me, right?
Also, anecdotally and from personal experience I know it is often a struggle.
Something that tends to be left until the end (when that& #39;s definitely the worst way to do it).
It& #39;s painful and stressful and feels like a box ticking exercise.
Also, anecdotally and from personal experience I know it is often a struggle.
Something that tends to be left until the end (when that& #39;s definitely the worst way to do it).
It& #39;s painful and stressful and feels like a box ticking exercise.
What if I could gamify the process so learners actually *want* to do it.
Better yet, they& #39;ll be doing it without even realising they& #39;re doing it.
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But woah there Jon.
Who would be paying for this? How big is the market? And how can I validate the need beyond anecdotes?
Better yet, they& #39;ll be doing it without even realising they& #39;re doing it.
But woah there Jon.
Who would be paying for this? How big is the market? And how can I validate the need beyond anecdotes?
Figure out the market size
The training organisations I would be targeting have to be on a government managed register.
It& #39;s public.
You can download a CSV of all the company names.
There are 2000+ of these organisations.
Nice
Some of those organisations will be too large for me: a small number of national leaders who will likely have their own tech.
The remainder, as long as they& #39;re active, should be prime targets.
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The remainder, as long as they& #39;re active, should be prime targets.
Reach out to more of these organisations and have a structured conversation with them about the identified problem.
In the process, new critical problems might be identified.
I can also start to ask how valuable a solution would be (i.e. price points)
More learnings and actions to follow.
Here& #39;s Arvid& #39;s book on Amazon* in case you want to check it out.
Arvid told me Amazon was the best place to get a physical copy
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* affiliate link https://www.amazon.co.uk/Zero-Sold-Start-Bootstrapped-Business/dp/3982195705?dchild=1&keywords=zero+to+sold&qid=1619118354&sprefix=zero+to+sold&sr=8-1&linkCode=ll1&tag=netwatch-21&linkId=28260600a378136b361abe15f1f81eb1&language=en_GB&ref_=as_li_ss_tl">https://www.amazon.co.uk/Zero-Sold...
Here& #39;s Arvid& #39;s book on Amazon* in case you want to check it out.
Arvid told me Amazon was the best place to get a physical copy
* affiliate link https://www.amazon.co.uk/Zero-Sold-Start-Bootstrapped-Business/dp/3982195705?dchild=1&keywords=zero+to+sold&qid=1619118354&sprefix=zero+to+sold&sr=8-1&linkCode=ll1&tag=netwatch-21&linkId=28260600a378136b361abe15f1f81eb1&language=en_GB&ref_=as_li_ss_tl">https://www.amazon.co.uk/Zero-Sold...
"Great products happen at the intersection of your skills and the opportunities of a niche market you care about. Make the most of your transferable knowledge."
- @arvidkahl
This is just razor sharp
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- @arvidkahl
This is just razor sharp
On problem intensity
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"Nobody pays you to find their remote when it falls down the back of the couch. They will just find it themselves."
Unless you& #39;re Apple and you just released AirTags
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"Nobody pays you to find their remote when it falls down the back of the couch. They will just find it themselves."
Unless you& #39;re Apple and you just released AirTags
Questions to ask (B2BC) prospects: see pages 86-89 of the print book. https://www.amazon.co.uk/Zero-Sold-Start-Bootstrapped-Business/dp/3982195705?dchild=1&keywords=arvid+kahl&qid=1619298959&sprefix=arvid&sr=8-1&linkCode=ll1&tag=netwatch-21&linkId=9ec4821db7c1b26eb268bd252062ba0e&language=en_GB&ref_=as_li_ss_tl">https://www.amazon.co.uk/Zero-Sold...
The exploratory conversations that startup founders should have with prospective customers are a bit like the participatory research involved in Action Research.
This is my academic brain joining up dots with the practical startup world!
Validate the solution(s) before building a product.
This happens by talking to prospects about your proposed solution and assessing the +/- impact and risks.
My take: iterate aggressively before you even touch any code.
"Understanding the emotional impact of changing from an existing solution is an integral part of the solution validation process."
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen"> Engage your prospects
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen"> Ask about their fears of change
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen"> Ask about painful experiences with other solutions
https://abs.twimg.com/emoji/v2/... draggable="false" alt="✅" title="Fettes weißes Häkchen" aria-label="Emoji: Fettes weißes Häkchen"> Avoid causing new problems!
Hope you& #39;re enjoying my tweets on "Zero to Sold" by @arvidkahl.
More to follow as I continue to glean actionable insights for my own EdTech venture
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Have you already read it? Or reading it at the moment? Share your insights!
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And do
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https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> any tweets you enjoyed!
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More to follow as I continue to glean actionable insights for my own EdTech venture
Have you already read it? Or reading it at the moment? Share your insights!
And do