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AI can build your prototype in a weekend.
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The Creator Economy turned audiences into income.
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Features are needs and outcomes are wants, and customers care far more about their wants.
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Two months of problem discovery interviews revealed that founders were not starving for frameworks.
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The Demo-Sell-Build campaign from the inside: a concierge MVP, a demo of software that did not exist yet, and 40 days from zero to 209 customers.
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Your 3-year goal is too far away to drive daily decisions, and your task list does not add up to a strategy.
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An advisor once killed my business model in five minutes, nine months too late.
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ChatGPT launched in November 2022 and I spent three years saying no.
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When asked about competition, startup founders typically fall into two camps.
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Most entrepreneurs start with a strong initial vision and a Plan A for realizing that vision.
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At the early stages of a product, before problem/solution fit, customer interviews are the best (and fastest) way to learn from customers....
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Ever had a customer go cold after a sizzling start?
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There is no such thing as an impulse purchase.
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Getting to product/market fit is considered the most significant milestone for a startup.
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Time, like any resource, has multiple pulls.
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The first battle for any product is getting noticed by customers.
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The elevator pitch is one of four foundational pitches every founder should master.
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Communicating defensibility against copycats and competition is critical when pitching your business model to investors and key stakeholders.
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If you’re a product-oriented founder like me, you probably get a little nervous when you get to the pricing conversation during a product pitch.
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When launching a new product under extreme uncertainty, it’s critical to prioritize tackling your riskiest assumptions first.
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Like a good magic trick, most big ideas seem obvious in hindsight because they solved a customer struggle (or problem), that was seemingly sitting in plain view.
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I spent the first couple of years as a solo founder wishing for more of everything.
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Patterns are everywhere.
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How do you get customers to openly talk to you during problem discovery interviews if you’re “not allowed” to pitch your solution?
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Most founders set Product/Market Fit as their first significant milestone.
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Entrepreneurs need to be able to simultaneously pitch a big long-term vision while staying grounded in short-term actions to move their vision forward.
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The thinking goes that when launching a new product, it’s often a good idea to lower friction by giving away your product for free so you can 1️⃣ Learn from users 2️⃣ Get them to try before ...
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Too many entrepreneurs prematurely rush to launch their product, join an incubator/accelerator, or hit the pitching circuit only to realize months (or years) later that they were chasing too small ...
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You run an experiment every time you release a new feature, run a marketing campaign or try a new sales method.
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As all B2B sales meetings went online during the pandemic, Matt Dixon and Ted McKenna, authors of _The Jolt...
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What is the one thing that both investors and entrepreneurs care about?
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Contrary to popular belief, an MVP (Minimum Valuable Product) is not a quick and dirty solution you throw over the fence at customers.
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It’s easy to see the perils of going too broad with a new product: When you try to market to everyone, you reach no one.
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Pricing is one of the riskiest assumptions on the Lean Canvas (Revenue Stream).
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Both of them studied at the same university and got good grades, and after graduation, both worked at a high-tech startup where they quickly grew into key roles.
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As products have gone from being delivered in a box to being delivered over the Internet, there’s been a dramatic shift in how customers consume, demand, and interact with products.
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Twenty-three clauses on why you don’t need permission to start.
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Bootstrapping an idea is more relevant today than ever, but the rules have changed.
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A Lean Canvas is a 1-page business modeling tool that helps you deconstruct an idea into key assumptions or beliefs.
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I often get asked why I created a different adaptation from the original Business Model Canvas by Alex Osterwalder.
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Me: You seem to have identified a big-enough customer problem that you have a plausible solution to (feasible)… What’s keeping you from closing customers?
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Most entrepreneurs never bring up their true competition during a product pitch because either they
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I recently declared that I’m moving away from MVP in favor of:
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After 14 years, I'm abandoning the MVP.
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If you were a marketer at a mattress company, when is the best time to run an infomercial?
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When asked to do the smallest thing to learn from customers, the first instinct of many founders is to run a survey.
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Cultivating a learning mindset is a key skill in any field.
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Most entrepreneurs are understandably in a rush to get to the right side of the hockey-stick curve (aka scaling).
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Moved to LEANFoundry.com I’ve moved this blog to https://leanfoundry.com/articles.
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Customer Forces Stories are a powerful way of summarizing customer conversations during your search for problem/solution fit.