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I wanted to break down this experimental startup building mindset for people that like to go head first.
It's easy to keep going in the same direction before you deep it's not working. We've all been there.
By that time you've taken your foot off the gas and lost your pace
By that time you've taken your foot off the gas and lost your pace
Try to structure your work into "bets"
1. Clearly define a scenario for winning/losing (e.g. Get 3 new paid customers)
2. Time-box it (e.g. 2 weeks, ending on Sunday)
3. Next steps decided upfront (Success: double-down Failure: Revise the copy)
2. Time-box it (e.g. 2 weeks, ending on Sunday)
3. Next steps decided upfront (Success: double-down Failure: Revise the copy)
Doing it like this forces you to define what you're trying to do, learn, what you expect to happen in a given timeframe and what you'll do whether it succeeds or not
Start with the biggest challenge or the riskiest part of your business model.
Something that once you unlock, will make everything a little easier
Something that once you unlock, will make everything a little easier
@danielzarick said it best:
Confidence is great, but overconfidence can be self-defeating. For example, don’t say “We want 100 paying users next week” if you currently have zero. Aim for 3-5 in 2 weeks.
Confidence is great, but overconfidence can be self-defeating. For example, don’t say “We want 100 paying users next week” if you currently have zero. Aim for 3-5 in 2 weeks.
You can increase the likelihood of success if the first one doesn't go as well as you would have liked, but you need to keep score
