3 Impediments for CEO of Startup Products
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Agile Leadership – Empowering Catalysts & Servant Leaders is part of Agile Tour 2016 was conducted at Raddison Blu Hotel GRT Chennai on November 6th, 2016. Sivaram Athmakuri spoke on 3 Impediments for CEO of Startup Products. 3 Impediments for CEO of Startup Products 3 Impediments for CEO of Startup Products Hurdle 1 : Getting Ideas/Innovations Flow - Using Different Innovative Tools such as Mind maps/Fish Bone diagrams/Swim lane Diagrams Hurdle 2 : Streamlining the Bubbling Energy - Prioritising the Ideas using Techniques such as Relative Weighing, MoSCoW, MMF, PretoTyping Hurdle 3 : Balancing Passion & Profits - Learn the Findings of PretoTyping, simulate the Financial impacts using established methods such as ROI/NPV etc & come up with Release Plan & Fall back Plans (revitalise every 3 months) Pre-requisites Organisations or People who Dare to Try New Things Benefits for attendees Using Scrum practices to convert the Dream Product to Reality and minimise the Financial Baggage/Wastage Message for organizers This session will enable CEOs/Business Analysts/Product Managers to respond to the dynamic Market Conditions with calculated Financial Risks
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3 Impediments for CEO of Startup Products
- 1. www.plus.google.com/101358067089632093067 www.twitter.com/siva_athma https://in.linkedin.com/in/sivaram-athmakuri-3149b32 siva_athma@yahoo.com Sivaram Athmakuri, Independent Consultant 3 Impediments for CEO of Startup Products
- 2. Startups/Products • Every Startup starts with Bubbling Energy
- 3. Numbers 25% 36% 44% 50% 55% 60% 63% 66% 69% 71% 0% 10% 20% 30% 40% 50% 60% 70% 80% Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Percent Failed
- 4. Life Span of Startup • 40% of them disappear with in 5 years • 70% of them disappear with in 10 years
- 5. Why
- 6. Watch • Only 29% are Out of Cash •42% Doesn’t Understand Market Need
- 7. How About You • 3 Impediments to Overcome If you Want to exist after 5 Years
- 8. Impediment 1 • Getting Ideas/Innovations Flow
- 9. • There is a Open source Tool which is installed without your permission has potential to generates 2500 to 3000 ideas • Do you Know That ?
- 10. Mind Maps
- 11. Fishbone
- 12. Swimlane
- 13. Impediment 2 • Streamlining the Bubbling Energy
- 14. REMEMBER •42% Doesn’t Understand Market Need • Your Potential Customers decide your journey • Do you Involve them ? • Do you Know products like IBM Lotus Notes/SAP (were very small when they started) & (were able to get first customer before starting development) ?
- 15. Pretotype
- 16. Impediment 3 • Balancing Passion & Profits • It doesn’t Matter you Love or Hate Numbers… • Learn Just Enough Numbers • Monitor it every Quarter…. • Remember that You are a Startup
- 17. Impediment 3 • Decide the First Step using – Pretotype – MoSCoW – MMF
- 18. Measure Numbers to Adapt • Payback • ROI • IRR • Relative Weighing
- 19. Final Word • Shelf Life of Idea is getting shorter • If your first Idea didn’t produce results or couldn’t convert your Idea to Product • Be Ready to Start fresh with new Idea Again • Now you are not a Start up.. You are Start up with Experience…. • All the Best
- 20. www.plus.google.com/101358067089632093067 www.twitter.com/siva_athma https://in.linkedin.com/in/sivaram-athmakuri-3149b32 siva_athma@yahoo.com Sivaram Athmakuri, Independent Consultant 3 Impediments for CEO of Startup Products