Business Of Starting Up
Upcoming SlideShare
Loading in...5
×

Like this? Share it with your network

Share

Business Of Starting Up

  • 760 views
Uploaded on

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.

More in: Business , Education
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
No Downloads

Views

Total Views
760
On Slideshare
759
From Embeds
1
Number of Embeds
1

Actions

Shares
Downloads
10
Comments
1
Likes
2

Embeds 1

http://www.slideshare.net 1

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

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. ???