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You Are a Visionary.
2
You Are a Visionary.
     NOT
Should I put my beer down,
               bro? 




“A lot of people are focused on taking over the world… I
 really just want to create a really cool college directory
                 product” -Zuck in 2005
Henry Ford

Thomas Edison

Steve Jobs






      Visionaries???
                        5
Flipping the Myth of the
 Visionary On Its Head
Lean Entrepreneurs 

            Surf Uncertainty



The school startup you
Business plan
Old culture around


                         Your company culture
                         Lean Startup
                          Business model
What is Lean?
•  Elimination of waste in the production
   and delivery of value to customer
Value Stream

•  Producing a known product (mini-van)
   for a known consumer (soccer mom)
•  Value-add activities (assemble part)
•  Non value-add activities (forklift parts
   across warehouse)
Lean Objective
•  Lose waste:
  –  Make value-add activities more efficient
  –  Eliminate non value-add activities (if
     possible)
  –  Must maintain value to customer

What is Lean Startup?
•  Don t know value
•  Don t know customer
•  Elimination of waste in
   discovering value and customer
Lean Startup Value Stream

•  If you don t know what value, how
   do you know what activities are
   wasteful?
Lean Startup
    Measurement of Waste
•  Validated Learning
How do you build something
      people need?
Winners




        Those who
continuously create
      new value for 
   new customers.
The Lean Entrepreneur
The Lean Entrepreneur
                 
                 
Customer Interaction & Segmentation
@brantcooper & @pv	

   http://leanentrepreneur.co
Innovation Spectrum
Startup Model	

      Passionat                                        Convince
                   Satisfied	

       Hopeful	

                           Trusting	

   Intrigued	

    Aware	

          e	

                                            d	





Growth Engine	

 MVP	

                           Conversion	

                   Funnel	

 Acquisition	

                                                    Customer 	

                                                     impact / 	

                                                    emotion	


                                   Startup	

                       Customer 	

                                                       State	

                                 Functionality	

                    action	


                                                     Action	

                                                   Measurement	


    @brantcooper & @pv	

                                                                http://leanentrepreneur.co
Thank You!

•  Twitter/Facebook/LinkedIn: @brantcooper
•  email: brant@marketbynumbers.com
•  Blog: Market By Numbers

•  Book site: http://leanentrepreneur.co




                                      24

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Lived It Lecture - Brant Cooper - Entrepreneurship 101 (2012/2013)

  • 1. You Are a Visionary.
  • 2. 2
  • 3. You Are a Visionary. NOT
  • 4. Should I put my beer down, bro? “A lot of people are focused on taking over the world… I really just want to create a really cool college directory product” -Zuck in 2005
  • 5. Henry Ford
 Thomas Edison
 Steve Jobs
 Visionaries??? 5
  • 6. Flipping the Myth of the Visionary On Its Head
  • 7. Lean Entrepreneurs 
 Surf Uncertainty The school startup you Business plan Old culture around Your company culture Lean Startup Business model
  • 8. What is Lean? •  Elimination of waste in the production and delivery of value to customer
  • 9. Value Stream •  Producing a known product (mini-van) for a known consumer (soccer mom) •  Value-add activities (assemble part) •  Non value-add activities (forklift parts across warehouse)
  • 10. Lean Objective •  Lose waste: –  Make value-add activities more efficient –  Eliminate non value-add activities (if possible) –  Must maintain value to customer

  • 11. What is Lean Startup? •  Don t know value •  Don t know customer •  Elimination of waste in discovering value and customer
  • 12. Lean Startup Value Stream •  If you don t know what value, how do you know what activities are wasteful?
  • 13. Lean Startup Measurement of Waste •  Validated Learning
  • 14. How do you build something people need?
  • 15. Winners Those who continuously create new value for new customers.
  • 17. The Lean Entrepreneur Customer Interaction & Segmentation
  • 18. @brantcooper & @pv http://leanentrepreneur.co
  • 20.
  • 21.
  • 22. Startup Model Passionat Convince Satisfied Hopeful Trusting Intrigued Aware e d Growth Engine MVP Conversion Funnel Acquisition Customer impact / emotion Startup Customer State Functionality action Action Measurement @brantcooper & @pv http://leanentrepreneur.co
  • 23.
  • 24. Thank You! •  Twitter/Facebook/LinkedIn: @brantcooper •  email: brant@marketbynumbers.com •  Blog: Market By Numbers •  Book site: http://leanentrepreneur.co 24