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Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
Business Of Starting Up
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Business Of Starting Up

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A simple checklist of things to do before you want to start the implementation cycle for your idea.

A simple checklist of things to do before you want to start the implementation cycle for your idea.

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Transcript

  • 1. Vaidhy Mayilrangam Sponsor : My next company Business of Starting Up
  • 2. Ideas are easy...
  • 3. Good ideas are hard...
  • 4. Good business ideas are even harder.
  • 5. What are we going to talk about?
    • What makes a good business idea?
    • 6. How to validate the idea?
      • Dating the idea
      • 7. Building the detail business case
      • 8. Building the financial model
  • 9. A good business idea should be
  • 13. Date the idea
    • Meet with friends
    • 14. Meet with people familiar with the domain
    • 15. Meet with people who think numbers
  • 16. Dating becomes serious...
    • Who is your ideal customer?
    • 17. How many such customers are there?
    • 18. What are their pain points?
    • 19. Is your idea business critical or an improvement?
    • 20. What are your channels to your potential customer?
  • 21. Working with details
  • 26. Detail Devils
    • How would you like to have in your team?
    • 27. What is the positioning?
    • 28. What is your marketing and sales process?
    • 29. What is your PRD? Initial feature set?
    • 30. Do you need initial investment or can you bootstrap?
    • 31. Are your assumptions about the market valid?
  • 32. Building out the financial model
    • Reading and understanding financial terms
    • 33. Thinking in even more detail
    • 34. Contigency plans
    • 35. Network, network, network
  • 36. You have an idea..
    • COGS, CAC, LTV
    • 37. Detailed working plan for 18 – 24 months
    • 38. Product roadmap and return on features built
    • 39. Documented assumptions
    • 40. Measurable metrics
  • 41. Some key points
    • Pivot as early as you can
    • 42. Co-founders in India are over-rated
    • 43. Watch your cost at first and then splurge on marketing
    • 44. You can only change things you measure.. so measure, measure, measure
  • 45. Not the only way.. Jumping in head first also works.. sometimes
  • 46. Key Takeaways
    • Network
    • 47. Think in as much detail as you can before you start implementing
    • 48. Document the assumptions and validate those repeatedly
    • 49. Measure and measure your change
    • 50. Understand the numbers. They are the heart of business
  • 51. ???

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