The document discusses lean validation, which is a method for startups to quickly and cost-effectively test the viability of business ideas through a series of low-cost experiments before fully launching a product or service. It involves systematically refining products and solutions by testing hypotheses through customer interviews, pre-selling, prototyping, and other techniques to gather feedback and validate assumptions. The goal is to identify whether there is product-market fit and to learn at an early stage what works and what doesn't work through iterative experimentation and refinement of the initial idea.
The document outlines an agenda for a Lean Validation session. It includes an introduction, presentation of a business case, brainstorming sessions using a Lean Validation Board to form customer hypotheses and define minimum viable experiments to test assumptions. The agenda also involves coaching on customer development methodology and selection of questions for validating assumptions through customer interviews and revision of validation materials before participants get out of the building to conduct customer research experiments.
Why is good copywriting so effective in turning website visitors into buyers?
The reason is that there are techniques copywriters know and use to elicit an emotional response from their readers.
This is why businesses pay good copywriters so much for their services.
In this short 39 page guide, you are about to discover the secrets behind the world's greatest marketing copy and persuasive sales letters.
By the end of the guide, you'll be able to put these secrets to work for yourself - so that you, too, can craft and assemble better copy for your business - "copy that converts."
As the Prince Of Print himself, the great Gary Halbert once said, "The Written Word Is the Strongest Source of Power in The Entire Universe."
Grace Ng | SearchLove San Diego, 'Designing Effective Experiments for Product...Distilled
Every product decision is an experiment. If we can reframe our thinking from launching campaigns and building features to challenging assumptions and running experiments, then we can increase our productivity and get better results with less effort. Grace will share a structured process for designing effective experiments, and talk about some of the common pitfalls and challenges teams face when running experiments in their companies. Using examples from her work helping product teams within large companies, Grace will reveal a few ways to overcome these challenges.
Intro to Lean Startup - Women's Startup Lab April 2015Kevin Shutta
The document provides an overview of Lean Startup methodology compared to traditional approaches. It discusses conducting customer interviews and experiments to test hypotheses and reduce risks before building products. Key points covered include identifying customer problems, designing minimum viable products to solve problems, getting early feedback through MVP demos and sales pitches, and being willing to pivot the idea if it fails to gain traction. The presentation emphasizes learning quickly through cheap, hands-on experiments rather than spending months building something customers may not want.
Want to start a company? Have a product idea? Want to be a Founder or Entrepreneur? Here are the 3 things you need to do to launch a startup. I also provide tips, trick and thoughts on startup pitfalls and ways to succeed.
This document discusses objections and stalls that may occur during sales presentations. It defines stalls as attempts to avoid the salesperson that happen early in the sales cycle before needs have been fully assessed. Objections occur after needs have been presented but concerns remain. The document provides examples of stalls and objections and recommends techniques like questioning and addressing benefits to overcome objections using the CQBC (cushion, question, benefit, close) method. It emphasizes building understanding of customer needs to move the sale forward.
The document outlines an experimentation process for getting user experience (UX) feedback using minimal resources. It describes 5 experiments conducted with bootstrapped startup founders and UX designers as customers. The experiments tested providing virtual UX feedback and consulting to address the problems of getting feedback and finding clients. The riskiest assumptions and success criteria were tested. Through iteration and learning from results, the process improved, with the last experiment suggesting virtual UX feedback is acceptable and the price is right for customers.
This document provides guidance on running customer experiments using a framework involving 6 steps: 1) Define the customer and their problem, 2) Formulate a hypothesis around solving the customer's problem, 3) Identify assumptions that must be true for the hypothesis to be valid, 4) Determine the riskiest assumption, 5) Define what success looks like and how it will be measured, and 6) Choose a method and criteria for testing the hypothesis. Users are prompted to brainstorm and complete each step within time limits to design and plan an experiment in a concise manner.
The document outlines an agenda for a Lean Validation session. It includes an introduction, presentation of a business case, brainstorming sessions using a Lean Validation Board to form customer hypotheses and define minimum viable experiments to test assumptions. The agenda also involves coaching on customer development methodology and selection of questions for validating assumptions through customer interviews and revision of validation materials before participants get out of the building to conduct customer research experiments.
Why is good copywriting so effective in turning website visitors into buyers?
The reason is that there are techniques copywriters know and use to elicit an emotional response from their readers.
This is why businesses pay good copywriters so much for their services.
In this short 39 page guide, you are about to discover the secrets behind the world's greatest marketing copy and persuasive sales letters.
By the end of the guide, you'll be able to put these secrets to work for yourself - so that you, too, can craft and assemble better copy for your business - "copy that converts."
As the Prince Of Print himself, the great Gary Halbert once said, "The Written Word Is the Strongest Source of Power in The Entire Universe."
Grace Ng | SearchLove San Diego, 'Designing Effective Experiments for Product...Distilled
Every product decision is an experiment. If we can reframe our thinking from launching campaigns and building features to challenging assumptions and running experiments, then we can increase our productivity and get better results with less effort. Grace will share a structured process for designing effective experiments, and talk about some of the common pitfalls and challenges teams face when running experiments in their companies. Using examples from her work helping product teams within large companies, Grace will reveal a few ways to overcome these challenges.
Intro to Lean Startup - Women's Startup Lab April 2015Kevin Shutta
The document provides an overview of Lean Startup methodology compared to traditional approaches. It discusses conducting customer interviews and experiments to test hypotheses and reduce risks before building products. Key points covered include identifying customer problems, designing minimum viable products to solve problems, getting early feedback through MVP demos and sales pitches, and being willing to pivot the idea if it fails to gain traction. The presentation emphasizes learning quickly through cheap, hands-on experiments rather than spending months building something customers may not want.
Want to start a company? Have a product idea? Want to be a Founder or Entrepreneur? Here are the 3 things you need to do to launch a startup. I also provide tips, trick and thoughts on startup pitfalls and ways to succeed.
This document discusses objections and stalls that may occur during sales presentations. It defines stalls as attempts to avoid the salesperson that happen early in the sales cycle before needs have been fully assessed. Objections occur after needs have been presented but concerns remain. The document provides examples of stalls and objections and recommends techniques like questioning and addressing benefits to overcome objections using the CQBC (cushion, question, benefit, close) method. It emphasizes building understanding of customer needs to move the sale forward.
The document outlines an experimentation process for getting user experience (UX) feedback using minimal resources. It describes 5 experiments conducted with bootstrapped startup founders and UX designers as customers. The experiments tested providing virtual UX feedback and consulting to address the problems of getting feedback and finding clients. The riskiest assumptions and success criteria were tested. Through iteration and learning from results, the process improved, with the last experiment suggesting virtual UX feedback is acceptable and the price is right for customers.
This document provides guidance on running customer experiments using a framework involving 6 steps: 1) Define the customer and their problem, 2) Formulate a hypothesis around solving the customer's problem, 3) Identify assumptions that must be true for the hypothesis to be valid, 4) Determine the riskiest assumption, 5) Define what success looks like and how it will be measured, and 6) Choose a method and criteria for testing the hypothesis. Users are prompted to brainstorm and complete each step within time limits to design and plan an experiment in a concise manner.
1. The document discusses maintaining a positive attitude as a sales representative and the importance of attitude on success. It provides characteristics of successful salespeople and tips for creating and maintaining a positive outlook.
2. The steps of the sales process are outlined, including establishing rapport, mirroring body language, qualifying customers, and presenting product benefits. Techniques for greeting customers, asking questions, and overcoming objections are also examined.
3. Effective closing techniques are defined, such as the assumptive close, trial close, and "I recommend" close, which assume the customer will buy or emphasize the salesperson as a problem-solving expert.
This document provides an overview of a 4-step user-centered design process for creating apps and interfaces. The steps are: 1) Define the problem by understanding user needs through observation and interviews; 2) Prototype solutions quickly through paper prototypes and storyboards to get early feedback; 3) Evaluate designs using usability heuristics; and 4) Learn and iterate based on user testing to continually improve the design. The goal is to help readers with little design experience go through a process that will result in designs focused on solving users' problems.
ClickBank copywriting secrets part one. Inside this
eBook, you will discover the topics about why the top is the most
important aspect, writing a powerful headline, understanding the
psychology of headlines, headlines examples and headline swipes
you can use.
This document discusses service design and testing new concepts. It provides an overview of Palmu, a service design company, and their process. They emphasize early testing of concepts with potential customers through interviews and prototypes to gather feedback before significant resources are invested. The "Experiment Board" is introduced as a tool to plan tests, document learnings, and make decisions based on customer signals. Examples of different testing methods like interviews, landing pages, and physical sales points are also presented.
This document discusses techniques for overcoming limiting beliefs that prevent people from purchasing offers. It states that the majority of people presented with an offer will say no due to various limiting beliefs. These include beliefs about the business, product, or themselves. The document recommends positioning products as "savior" solutions that will do the heavy lifting for the customer. It also suggests selling "opportunities" rather than just improvements, as opportunities are more appealing since they don't require admitting past inadequacies. Specific strategies mentioned include emphasizing that offers are new, exclusive, don't require giving anything up, and have a greater purpose beyond just profit.
This document discusses validating that a startup's solution fits the problem it aims to address. It emphasizes the importance of validating assumptions about customers and their problems early in the design process. Customer interviews and surveys are recommended to test the hypothesis that a solution solves a problem customers care about and are willing to pay for. If validation fails to confirm the problem-solution fit, the startup may need to iterate its solution or pivot to a new problem. The goal is to avoid building something nobody wants by continuously validating assumptions with customers.
The document provides a summary of the top 10 mistakes that early stage startups can easily avoid. These include: not understanding the business model well enough; doing everything the first big client says; launching without customer input; building overly complex MVPs; designing for themselves without user research; pursuing too many opportunities; lacking a clear vision or monetization strategy; and not measuring product usage. Avoiding these common pitfalls can help startups focus their efforts and resources more effectively in the early stages.
This document discusses how positioning is important for businesses to communicate their value to clients. It recommends that businesses clarify their positioning by answering three questions: 1) Who do you serve? Clearly defining ideal client characteristics helps target the right clients. 2) What do you do for them? Specializing in a specific expertise increases perceived value over trying to do everything. 3) How are you different? Identifying differences from competitors by understanding what matters most to clients allows businesses to better meet client needs and sell their services. Answering these three questions helps businesses boost confidence, clarity and revenue through a strong, specialized positioning.
Lean Management Review at Volunteer MauritiusMushood Badulla
Start Up Mauritius provides lean management training to help participants successfully complete an entrepreneurial internship. The training covers lean startup techniques like developing value and growth hypotheses to test assumptions about business ideas. A key technique taught is creating a minimum viable product (MVP) - a basic version of the product with minimum features - to test assumptions without large investments. Participants will learn to test MVPs, analyze results, and either improve the product or "pivot" the business strategy based on what they learn to increase chances of success. The goal is for participants to gain experience from an initial failure in order to succeed in future business endeavors.
This document outlines Ryan D. Hatch's approach to lean startup. It discusses discovering customer problems through interviews, developing minimum viable products to test solutions, and iterating based on customer feedback to build scalable business models. The goal is to fail fast by continuously validating hypotheses and pivoting or persevering based on learning. Metrics like customer acquisition cost and revenue per customer are used to determine if the business model is viable. The overall message is that startups should sell early, involve customers, and treat the process as discovery to build sustainable businesses.
This document outlines a pitch deck for a company called Boxer that aims to transform the mobile email experience. The deck begins by establishing the problem that email poses on mobile devices and introduces Boxer as a solution to improve triage, response and task management capabilities. It then provides details on the company founders and product roadmap. The deck emphasizes Boxer's opportunity to disrupt business processes and its strategy of prioritizing user and team adoption to drive enterprise sales.
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...Sekke SESSE
This document provides instructions on how to establish rapport with any customer by understanding their preferred communication style. It explains that people communicate and process information visually, kinesthetically, or auditorily. The first step is to determine your own preferred style using a questionnaire. Next, you learn how to identify customers' styles and adapt your communication to match theirs using the right modalities. This allows you to instantly connect with anyone by coding messages in their language. The goal is to provide a process that enables building strong rapport at the first meeting through psychological understanding of communication differences.
The Lean Startup way or how to design solutions that will be adoptedMoldova ICT Summit
The document discusses the Lean Startup methodology for developing solutions that customers will adopt. It emphasizes validating assumptions with experiments and customer feedback rather than discussions. The key aspects are:
1) Understanding customer problems, limitations, and existing solutions through interviews and observation of behavior.
2) Hypothesizing the root causes of problems and designing small experiments to test solutions.
3) Identifying triggers for customer action and channels they use to find solutions and get feedback through iterative testing.
4) Continually learning and improving solutions based on validated data from customers rather than assumptions within discussions.
Content Marketing and how it can jump start revenueAdhere Creative
This document provides an overview of using content marketing to increase revenue. It discusses inbound versus outbound marketing and defines content. The bulk of the document focuses on developing a content strategy aligned with the buyer's journey, including creating timely, targeted, and high-quality content for the awareness, consideration, and decision stages. It provides examples of content types for each stage and gives a pop quiz to test understanding of matching content to the buyer's journey. Finally, it discusses specific content examples and best practices for the awareness stage. The overall goal is to equip attendees with tools to close more sales and increase revenue through an effective content strategy.
This document provides an overview of Lean Startup principles as presented by Ryan D. Hatch. It discusses key Lean Startup concepts like building an MVP to test assumptions with customers, conducting problem and solution interviews to gain customer commitment and feedback, and developing a scalable business model. It warns against common startup myths like thinking you just need to execute a plan or scale prematurely without validating the business model. The overall message is that startups should use Lean principles to rapidly test ideas with customers and pivot as needed to find product-market fit before attempting large-scale growth.
Pitches are a reality for agencies. But do you ever consider the true cost of pitching in terms of quality of work and client-vendor relationships? This whimsical presentation helps point out some of the hidden costs of pitching -and provides some solutions to help clients and agencies pitch smarter!
How to raise prices without losing current clients
Are you in a spot where you know you need to raise your rates, but you’re terrified of losing your income?
This episode goes over some ways where you can start charging what you’re worth WITHOUT losing all of your income stability.
I also give a word for word script you can use while implementing this.
http://rachelrofe.com/how-to-raise-prices-without-losing-current-clients-including-a-word-for-word-script
Want More?
If you liked this, there’s plenty more where it come from. Let’s stay in touch!
We can connect in any of these places:
Main website: http://www.RachelRofe.com
A Better Life Podcast – where these transcripts are taken from:
http://www.rachelrofe.com/podcast
Rachel's books – Learn new ways to improve your life:
http://www.rachelrofe.com/booklist
Twitter: http://www.Twitter.com/RachelRofe
Twitter: http://www.Twitter.com/AbetterlifeRR
Instagram: http://www.Instagram.com/RachelRofe
Instagram: http://www.Instagram.com/chooseabette...
YouTube: http://www.YouTube.com/RachelRofe
YouTube: http://www.YouTube.com/Chooseabetterlife
Must Be Games is seeking £70,000 for a Bollywood-themed Trivial Pursuit game. The founder has an MBA from Stanford and has self-funded the startup so far. However, investors may question whether the business model and financial projections are realistic given the niche market and lack of traction or sales to date.
1) The document discusses coaching small and medium enterprises (SMMEs) to remove risky assumptions from their businesses through effectual thinking. This allows them to develop better deals with less risk.
2) Effectual thinking focuses on leveraging one's existing means like knowledge, skills, resources and network to imagine new opportunities and outcomes, rather than focusing on opportunities first and trying to achieve a predetermined outcome.
3) Several principles of effectual thinking are discussed, including the affordable loss principle which emphasizes protecting downside risk and starting small to cover costs without taking huge risks.
This document summarizes a presentation about legal issues and risk management strategies for kitchen, bath, and design industries. It discusses the benefits of successful risk management, including achieving objectives, avoiding damages, and becoming profitable. It provides tips for limiting scope of work, understanding contracts, using checklists, dealing with problem customers, properly hiring subcontractors, and aggressive collections. The presentation emphasizes defining scope, understanding indemnification clauses, and following procedures to reduce risk and liability.
The document presents an overview of Lean Startup methodology. It discusses that Lean Startup is a scientific approach to create startups faster through experimentation over planning, customer feedback over intuition, and iterative design over "big design up front". It outlines the Build-Measure-Learn feedback loop process and emphasizes validating customer problems before proposing solutions. The presentation provides examples of Lean Startup workshops conducted worldwide and resources like an experiment board template to help structure hypothesis testing through customer experiments.
Get Your Customers To Do The InnovatingScott Bales
One of the secrets of Silicon Valley is the ability to extract from the market deep market insights that shape the innovation process. Learn how to work with your customers to build impactful products & services
1. The document discusses maintaining a positive attitude as a sales representative and the importance of attitude on success. It provides characteristics of successful salespeople and tips for creating and maintaining a positive outlook.
2. The steps of the sales process are outlined, including establishing rapport, mirroring body language, qualifying customers, and presenting product benefits. Techniques for greeting customers, asking questions, and overcoming objections are also examined.
3. Effective closing techniques are defined, such as the assumptive close, trial close, and "I recommend" close, which assume the customer will buy or emphasize the salesperson as a problem-solving expert.
This document provides an overview of a 4-step user-centered design process for creating apps and interfaces. The steps are: 1) Define the problem by understanding user needs through observation and interviews; 2) Prototype solutions quickly through paper prototypes and storyboards to get early feedback; 3) Evaluate designs using usability heuristics; and 4) Learn and iterate based on user testing to continually improve the design. The goal is to help readers with little design experience go through a process that will result in designs focused on solving users' problems.
ClickBank copywriting secrets part one. Inside this
eBook, you will discover the topics about why the top is the most
important aspect, writing a powerful headline, understanding the
psychology of headlines, headlines examples and headline swipes
you can use.
This document discusses service design and testing new concepts. It provides an overview of Palmu, a service design company, and their process. They emphasize early testing of concepts with potential customers through interviews and prototypes to gather feedback before significant resources are invested. The "Experiment Board" is introduced as a tool to plan tests, document learnings, and make decisions based on customer signals. Examples of different testing methods like interviews, landing pages, and physical sales points are also presented.
This document discusses techniques for overcoming limiting beliefs that prevent people from purchasing offers. It states that the majority of people presented with an offer will say no due to various limiting beliefs. These include beliefs about the business, product, or themselves. The document recommends positioning products as "savior" solutions that will do the heavy lifting for the customer. It also suggests selling "opportunities" rather than just improvements, as opportunities are more appealing since they don't require admitting past inadequacies. Specific strategies mentioned include emphasizing that offers are new, exclusive, don't require giving anything up, and have a greater purpose beyond just profit.
This document discusses validating that a startup's solution fits the problem it aims to address. It emphasizes the importance of validating assumptions about customers and their problems early in the design process. Customer interviews and surveys are recommended to test the hypothesis that a solution solves a problem customers care about and are willing to pay for. If validation fails to confirm the problem-solution fit, the startup may need to iterate its solution or pivot to a new problem. The goal is to avoid building something nobody wants by continuously validating assumptions with customers.
The document provides a summary of the top 10 mistakes that early stage startups can easily avoid. These include: not understanding the business model well enough; doing everything the first big client says; launching without customer input; building overly complex MVPs; designing for themselves without user research; pursuing too many opportunities; lacking a clear vision or monetization strategy; and not measuring product usage. Avoiding these common pitfalls can help startups focus their efforts and resources more effectively in the early stages.
This document discusses how positioning is important for businesses to communicate their value to clients. It recommends that businesses clarify their positioning by answering three questions: 1) Who do you serve? Clearly defining ideal client characteristics helps target the right clients. 2) What do you do for them? Specializing in a specific expertise increases perceived value over trying to do everything. 3) How are you different? Identifying differences from competitors by understanding what matters most to clients allows businesses to better meet client needs and sell their services. Answering these three questions helps businesses boost confidence, clarity and revenue through a strong, specialized positioning.
Lean Management Review at Volunteer MauritiusMushood Badulla
Start Up Mauritius provides lean management training to help participants successfully complete an entrepreneurial internship. The training covers lean startup techniques like developing value and growth hypotheses to test assumptions about business ideas. A key technique taught is creating a minimum viable product (MVP) - a basic version of the product with minimum features - to test assumptions without large investments. Participants will learn to test MVPs, analyze results, and either improve the product or "pivot" the business strategy based on what they learn to increase chances of success. The goal is for participants to gain experience from an initial failure in order to succeed in future business endeavors.
This document outlines Ryan D. Hatch's approach to lean startup. It discusses discovering customer problems through interviews, developing minimum viable products to test solutions, and iterating based on customer feedback to build scalable business models. The goal is to fail fast by continuously validating hypotheses and pivoting or persevering based on learning. Metrics like customer acquisition cost and revenue per customer are used to determine if the business model is viable. The overall message is that startups should sell early, involve customers, and treat the process as discovery to build sustainable businesses.
This document outlines a pitch deck for a company called Boxer that aims to transform the mobile email experience. The deck begins by establishing the problem that email poses on mobile devices and introduces Boxer as a solution to improve triage, response and task management capabilities. It then provides details on the company founders and product roadmap. The deck emphasizes Boxer's opportunity to disrupt business processes and its strategy of prioritizing user and team adoption to drive enterprise sales.
Establish Strong Rapport at The First Minute of The First Meeting with Any Cu...Sekke SESSE
This document provides instructions on how to establish rapport with any customer by understanding their preferred communication style. It explains that people communicate and process information visually, kinesthetically, or auditorily. The first step is to determine your own preferred style using a questionnaire. Next, you learn how to identify customers' styles and adapt your communication to match theirs using the right modalities. This allows you to instantly connect with anyone by coding messages in their language. The goal is to provide a process that enables building strong rapport at the first meeting through psychological understanding of communication differences.
The Lean Startup way or how to design solutions that will be adoptedMoldova ICT Summit
The document discusses the Lean Startup methodology for developing solutions that customers will adopt. It emphasizes validating assumptions with experiments and customer feedback rather than discussions. The key aspects are:
1) Understanding customer problems, limitations, and existing solutions through interviews and observation of behavior.
2) Hypothesizing the root causes of problems and designing small experiments to test solutions.
3) Identifying triggers for customer action and channels they use to find solutions and get feedback through iterative testing.
4) Continually learning and improving solutions based on validated data from customers rather than assumptions within discussions.
Content Marketing and how it can jump start revenueAdhere Creative
This document provides an overview of using content marketing to increase revenue. It discusses inbound versus outbound marketing and defines content. The bulk of the document focuses on developing a content strategy aligned with the buyer's journey, including creating timely, targeted, and high-quality content for the awareness, consideration, and decision stages. It provides examples of content types for each stage and gives a pop quiz to test understanding of matching content to the buyer's journey. Finally, it discusses specific content examples and best practices for the awareness stage. The overall goal is to equip attendees with tools to close more sales and increase revenue through an effective content strategy.
This document provides an overview of Lean Startup principles as presented by Ryan D. Hatch. It discusses key Lean Startup concepts like building an MVP to test assumptions with customers, conducting problem and solution interviews to gain customer commitment and feedback, and developing a scalable business model. It warns against common startup myths like thinking you just need to execute a plan or scale prematurely without validating the business model. The overall message is that startups should use Lean principles to rapidly test ideas with customers and pivot as needed to find product-market fit before attempting large-scale growth.
Pitches are a reality for agencies. But do you ever consider the true cost of pitching in terms of quality of work and client-vendor relationships? This whimsical presentation helps point out some of the hidden costs of pitching -and provides some solutions to help clients and agencies pitch smarter!
How to raise prices without losing current clients
Are you in a spot where you know you need to raise your rates, but you’re terrified of losing your income?
This episode goes over some ways where you can start charging what you’re worth WITHOUT losing all of your income stability.
I also give a word for word script you can use while implementing this.
http://rachelrofe.com/how-to-raise-prices-without-losing-current-clients-including-a-word-for-word-script
Want More?
If you liked this, there’s plenty more where it come from. Let’s stay in touch!
We can connect in any of these places:
Main website: http://www.RachelRofe.com
A Better Life Podcast – where these transcripts are taken from:
http://www.rachelrofe.com/podcast
Rachel's books – Learn new ways to improve your life:
http://www.rachelrofe.com/booklist
Twitter: http://www.Twitter.com/RachelRofe
Twitter: http://www.Twitter.com/AbetterlifeRR
Instagram: http://www.Instagram.com/RachelRofe
Instagram: http://www.Instagram.com/chooseabette...
YouTube: http://www.YouTube.com/RachelRofe
YouTube: http://www.YouTube.com/Chooseabetterlife
Must Be Games is seeking £70,000 for a Bollywood-themed Trivial Pursuit game. The founder has an MBA from Stanford and has self-funded the startup so far. However, investors may question whether the business model and financial projections are realistic given the niche market and lack of traction or sales to date.
1) The document discusses coaching small and medium enterprises (SMMEs) to remove risky assumptions from their businesses through effectual thinking. This allows them to develop better deals with less risk.
2) Effectual thinking focuses on leveraging one's existing means like knowledge, skills, resources and network to imagine new opportunities and outcomes, rather than focusing on opportunities first and trying to achieve a predetermined outcome.
3) Several principles of effectual thinking are discussed, including the affordable loss principle which emphasizes protecting downside risk and starting small to cover costs without taking huge risks.
This document summarizes a presentation about legal issues and risk management strategies for kitchen, bath, and design industries. It discusses the benefits of successful risk management, including achieving objectives, avoiding damages, and becoming profitable. It provides tips for limiting scope of work, understanding contracts, using checklists, dealing with problem customers, properly hiring subcontractors, and aggressive collections. The presentation emphasizes defining scope, understanding indemnification clauses, and following procedures to reduce risk and liability.
The document presents an overview of Lean Startup methodology. It discusses that Lean Startup is a scientific approach to create startups faster through experimentation over planning, customer feedback over intuition, and iterative design over "big design up front". It outlines the Build-Measure-Learn feedback loop process and emphasizes validating customer problems before proposing solutions. The presentation provides examples of Lean Startup workshops conducted worldwide and resources like an experiment board template to help structure hypothesis testing through customer experiments.
Get Your Customers To Do The InnovatingScott Bales
One of the secrets of Silicon Valley is the ability to extract from the market deep market insights that shape the innovation process. Learn how to work with your customers to build impactful products & services
The document provides a biography and background of Bartosz Janowicz. It lists his work experience starting from 1996 as a trainer and consultant specializing in creative thinking and group work. It then lists the various startup coaching and consulting roles he has held since 2013 related to innovation, startup culture, and the Lean Startup methodology. The document establishes Bartosz Janowicz as an expert in startup coaching, innovation consulting, and the Lean Startup approach based on his long career experience in these areas.
Saleskipathshala : Coun Sell Well - By Sanjay SinghSanjay Singh
Stay connected with Us for regular updates on Our Social Channels:
Like Us on Facebook: https://www.facebook.com/Consult4Sales1/
Follow Us on Twitter: https://twitter.com/Consults4Sales
Follow Us on LinkedIn: https://www.linkedin.com/company/strategic-concepts-i-pvt.-ltd/?originalSubdomain=in
Pinterest.com: https://in.pinterest.com/sciplmarkon/
If you want to invite Mr. Sanjay Singh for a Training, Seminar or Event, then please click on the link :
https://consult4sales.com or Call at +91- 9970506000
The document discusses Lean Startup, a method for developing businesses and products proposed by Eric Ries that advocates for validating business hypotheses through iterative experiments and product releases. It provides definitions of Lean Startup, noting it aims to discover what customers want while reducing waste. Examples of different types of waste are listed. The document encourages formulating customer and problem hypotheses to test through minimum viable products and outlines the Lean Startup process of experimenting, analyzing results, and either validating or invalidating assumptions to inform next steps.
This document provides guidance on writing effective marketing copy by focusing on the audience and their needs. It discusses seven key areas to improve copy: 1) Write about solving the audience's pain or desires, 2) Build trust by showing understanding of the audience, 3) Use headlines that highlight benefits for the audience and identify their problems, 4) Ask what problem the business solves for the audience. It provides a concrete example of copy targeting those seeking investment banking careers that builds the case for how the course solves the problem of preparing for intense interviews where competition is stiff.
Getting to Product Market Fit - An Overview of Customer Discovery & ValidationJason Evanish
An overview of the first two stages of Steve Blank's Four Steps to the Epiphany: Customer Discovery and Customer Validation. Includes in depth advice on the customer development interview as well.
I'm writing a book on How to Build Customer Driven Products based on tactics like the ones in this presentation. You can sign up to learn more here: http://eepurl.com/RZoO9
The document discusses Lean Startup, a method for developing businesses and products proposed by Eric Ries that advocates for iterative product releases and validated learning through business hypothesis-driven experimentation. It defines Lean Startup as a process for validating assumptions as quickly as possible to discover what customers want while reducing waste. The document outlines the Lean Startup process, which involves defining customer and problem hypotheses, planning minimum viable product experiments to test assumptions, analyzing experiment results, and deciding whether to persevere or pivot the hypothesis based on the findings.
The document outlines an agenda and instructions for conducting experiments using a Javelin Experiment Board. The agenda includes:
1. A 5-minute introduction step
2. A 110-minute step for experimenting with the Javelin Experiment Board
3. A 10-minute concluding step
The document provides guidance on forming hypotheses, assumptions, and plans for testing assumptions with the goal of developing experiments and getting out of the building to test ideas with customers.
The document outlines an agenda and instructions for conducting experiments using a Javelin Experiment Board. The agenda includes:
1. A 5-minute introduction step
2. A 110-minute step for experimenting with the Javelin Experiment Board
3. A 10-minute concluding step
The document provides guidance on forming hypotheses, assumptions, and plans for testing assumptions with the goal of developing experiments and getting feedback from customers. Participants are encouraged to brainstorm experiment ideas using sticky notes on the board and then discuss their experiments.
"Double Your Freelancing Rate" Course SampleBrennan Dunn
This document provides an overview of understanding clients and quantifying the financial upside of projects for clients. It discusses:
1. The importance of understanding why clients hire freelancers and what their goals and needs are for a project. This allows freelancers to deliver a better product at a higher price.
2. How to quantify the financial upside of projects for clients, such as calculating potential increases in revenue, decreases in costs, or improvements in productivity. This communicates that the freelancer has done their homework and can justify their costs.
3. Methods for calculating a client's financial upside, such as determining customer lifetime value, conversion rates from leads to customers, and the value of time savings. The document provides
This document outlines various assumptions that startups make and provides suggestions for testing those assumptions through experiments and customer interviews. It discusses common assumptions around customer problems, interest, acquisition costs, financial projections, production capabilities, and acquiring necessary resources. The goal is to identify any faulty assumptions as early as possible to avoid wasting significant time and resources pursuing ideas that are unlikely to succeed.
This document discusses lean validation, which is a process startups use to test business ideas through low-cost experiments before launching a product. It involves systematically testing hypotheses to find product-market fit by determining if there is a problem, market, and customers willing to pay. Examples of lean validation techniques include customer interviews, pre-selling to gauge interest, building prototypes, and creating fake websites or services to validate interest without fully developing the product. The goal is to get customer feedback and validate assumptions quickly through an iterative process to refine ideas before committing large resources.
Learn how to open a business with practical tips for your first startup. Aaron White, cofounder and former CTO of Boundless, offers some expert advice that he's gathered from his own startup journey. Learn more from the experts by visiting http://intelligent.ly/learn
The document outlines an approach to understanding client needs and delivering solutions to them. It discusses drawing ideas from proven sales techniques and business research to help clients develop their business. The workshop aims to have an interactive discussion to share ideas and develop solutions. It emphasizes understanding problems, implications, and client motivations in order to present relevant and beneficial solutions through a consultative two-phase approach.
Mashing up customers, users, product and businessMarko Taipale
The document discusses customer and product development using an agile approach. It emphasizes starting with the customer to identify problems, then developing minimum viable products to validate solutions fit the problems. Each step involves validation, whether validating the customer has a problem, the solution fits the problem, or there is a market for the product. Tools like lean canvases and validation boards help share understanding and co-create. The process is iterative, refining the product based on frequent customer feedback to maximize learning.
The document discusses the rise of freelancing and the sharing economy. Some key points made include:
- Freelancing is on the rise due to factors like corporate downsizing, more remote work opportunities, and proliferation of co-working spaces.
- America has over 53 million registered freelancers, comprising around 16.5% of the population. Germany has around 1.34 million freelancers, about 1.7% of the population.
- The sharing economy involves individuals monetizing underused assets like cars, homes, and equipment through platforms. This blurs the line between traditional businesses and the platform/gig economy.
- Airbnb combines the sharing economy model of renting homes with empowering freel
This document provides an agenda and background information for an event called a Business Design Jam. The jam will bring together different professionals like strategists, designers, developers and entrepreneurs to form mixed teams and develop new business concepts over one day. The agenda outlines activities like idea pitching, forming teams, developing business overviews, prototyping concepts, and doing final presentations. Additional sections provide context on business model canvases, unique selling propositions, using personas, and prototyping as techniques for concept development and testing ideas.
FINALLY, DESIGNERS GOT A SEAT AT THE TABLE. SO, NOW WHAT? Juan Tejeda
This document discusses the changing relationship between design and business. It notes that designers are now getting more seats at the leadership table in companies. However, it also acknowledges there are still cultural clashes between the mindsets of designers and businesspeople. Designers are generally more focused on experimentation, uncertainty and sustainability, while businesspeople emphasize certainty, proven results and avoiding failure. The document argues that designers need to better understand business fundamentals like profit motives. But it also says with greater influence, designers can help change companies to be more socially responsible and address problems in a profitable way. It presents examples of businesses using design thinking to tackle issues like ocean plastic pollution.
Creating an Entrepreneurial Mindset for your CompanyJuan Tejeda
Keynote for the Startup Corporate Event held at the BRAINS & HEARTS offices in Munich, 2017. On the topic: Creating an Entrepreneurial Mindset for your Company
This document discusses how digital data traces can reveal personal information about individuals. It introduces Alex Pentland, a data scientist at MIT, who argues this data could enable healthier and more prosperous outcomes if used properly, but also enable privacy issues. The document then provides examples of the types of inferences that can be made about individuals based on patterns in their social media, search history, text messages, web and phone activity.
The document discusses how innovation occurs through people, not research and development alone. It emphasizes that psychological safety, where people respect each other and contribute equally, is important for building successful teams. Perspective taking, keeping teams small, and being proactive can help encourage psychological safety. Innovation results from cooperation within communities where people specialize and achieve more together than alone.
This document appears to be an agenda for a business design workshop. It includes introductions and icebreakers, an overview of corporate entrepreneurship and the business model canvas tool, and a schedule for the day including group work and presentations. Participants are asked to provide their name and hashtags to introduce themselves. The agenda also provides WiFi login information and notes about smoking being allowed on the roof terrace.
3. WE DO LEAN VALIDATION
TO FIND A PRODUCT/
MARKET FIT AS FAST AND
COST-EFFECTIVE AS POSSIBLE
4. • Is your idea solving a problem? If so, what is it?
• Is there a market for it?
• Who are the people buying your product/service and
how much are they willing to pay?
• Why should anyone care?
PRODUCT/MARKET FIT MEANS FINDING
ANSWERS TO QUESTIONS LIKE:
5. “WE HAVE A GREAT IDEA FOR A
BUSINESS, IT’S GOING TO BE GREAT…”
SOUNDS FAMILIAR?
6. AFTER THE LAUNCH…
“NO BUSINESS PLAN
SURVIVES FIRST CONTACT
WITH A CUSTOMER”
– STEPHEN BLANK
7. IF YOU’VE BEING ASKING
FRIENDS ABOUT YOUR IDEA
AND THEY SAY THEY LIKE IT…
I GOT NEWS FOR YOU…
12. BECAUSE STARTUPS
ARE NOT A SMALLER
VERSION OF A BIG
COMPANY AND HAVE
LIMITED RESOURCES,
THEY CAME UP WITH A
PRODUCT/SERVICE
DEVELOPMENT
APPROACH WHICH IS
CHEAPER AND FASTER.
13. IN ESSENCE IT IS BASED ON THIS:
TRY SOMETHING…
DOES IT WORK?
YES? GREAT
NO? OK, WHAT
DID WE FIND
OUT OR LEARN?
OK, LET’S TRY
THIS OTHER
THING NOW…
14. IN ESSENCE IT IS BASED ON THIS:
YOUR IDEA LAUNCH
QUICK AND SMALL
ITERATIONS
15. TO VALIDATE A BUSINESS IDEA,
WE DEVICE A SERIES OF
EXPERIMENTS THAT HELP US
SYSTEMATICALLY REFINE
PRODUCTS, BEFORE LAUNCH
18. METHODS TO TEST THE HYPOTHESIS:
INTERVIEW
PRE-SELL
CONCIERGE
PROTOTYPE
IDEA
19. TO KEEP TRACK OF IT
ALL, WE USE A LEAN
VALIDATION BOARD
20. DESIGNED FOR: DESIGNED BY: DATE: ITERATION:
LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2 3 4 5
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20
PIVOT!
5/10
PIVOT!
50+ in 2hrs
PERSEVERE!
LEARNING
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
Determine how you will test it:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
Determine what success looks like:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
true, assumption needs to be true.
The least expensive way to
test my assumption is...
I believe this solution will result
in quantifiable outcome.
The assumption with the least
amount of data, and core to the
viability of my hypothesis is...
I will run experiment with # of
customers and expect a strong
signal from # of customers.
GET OUT OF THE BUILDING
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People with
difficult
commute
NYC
People with
difficult
commute
NYC
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
- Skinny Tie!
- Buying for
lifestyle
- “I’m not a
scooter
person”
- Lifestyle is
a risk
- People typing
in ALL CAPS
- Jumping out
of seat to try
21. DESIGNED FOR: DESIGNED BY: DATE: ITERATION:
LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2 3 4 5
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20
PIVOT!
5/10
PIVOT!
50+ in 2hrs
PERSEVERE!
LEARNING
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
Determine how you will test it:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
Determine what success looks like:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
true, assumption needs to be true.
The least expensive way to
test my assumption is...
I believe this solution will result
in quantifiable outcome.
The assumption with the least
amount of data, and core to the
viability of my hypothesis is...
I will run experiment with # of
customers and expect a strong
signal from # of customers.
GET OUT OF THE BUILDING
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People with
difficult
commute
NYC
People with
difficult
commute
NYC
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
- Skinny Tie!
- Buying for
lifestyle
- “I’m not a
scooter
person”
- Lifestyle is
a risk
- People typing
in ALL CAPS
- Jumping out
of seat to try
DEFINE CUSTOMER/
PROBLEM FIT
22. DESIGNED FOR: DESIGNED BY: DATE: ITERATION:
LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2 3 4 5
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20
PIVOT!
5/10
PIVOT!
50+ in 2hrs
PERSEVERE!
LEARNING
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
Determine how you will test it:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
Determine what success looks like:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
true, assumption needs to be true.
The least expensive way to
test my assumption is...
I believe this solution will result
in quantifiable outcome.
The assumption with the least
amount of data, and core to the
viability of my hypothesis is...
I will run experiment with # of
customers and expect a strong
signal from # of customers.
GET OUT OF THE BUILDING
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People with
difficult
commute
NYC
People with
difficult
commute
NYC
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
- Skinny Tie!
- Buying for
lifestyle
- “I’m not a
scooter
person”
- Lifestyle is
a risk
- People typing
in ALL CAPS
- Jumping out
of seat to try
EXPERIMENT
TRACKER
24. Intelligent Storage / Gratis Abholservice
Concierge storage service operating in Munich.
THE BUSINESS IDEA
1.Sign-up and get some empty plastic boxes. Fill
them up, photograph the contents with an app
2.Get the box picked-up by the service
3.Whenever you need to retrieve anything from
the box, check your app catalog and get the
box delivered to your door.
25. WHAT THEY NEEDED TO VALIDATE
Who is our client? Families? Pendlers? Students?
Is there really a storage space problem in Munich?
How much are the people willing to pay?
Would people trust such a service?
Intelligent Storage / Gratis Abholservice
26. DESIGNED FOR: DESIGNED BY: DATE: ITERATION:
LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2 3 4 5
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20
PIVOT!
5/10
PIVOT!
50+ in 2hrs
PERSEVERE!
LEARNING
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
Determine how you will test it:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
Determine what success looks like:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
true, assumption needs to be true.
The least expensive way to
test my assumption is...
I believe this solution will result
in quantifiable outcome.
The assumption with the least
amount of data, and core to the
viability of my hypothesis is...
I will run experiment with # of
customers and expect a strong
signal from # of customers.
GET OUT OF THE BUILDING
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People with
difficult
commute
NYC
People with
difficult
commute
NYC
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
- Skinny Tie!
- Buying for
lifestyle
- “I’m not a
scooter
person”
- Lifestyle is
a risk
- People typing
in ALL CAPS
- Jumping out
of seat to try
27. LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20 5/10
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
I believe this solution will result
in quantifiable outcome.
The assumption with the least
GET OUT OF THE BUILDI
INTERVIE
8/10 don
have frien
with Vesp
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People w
difficult
commute
NYC
Relying on
products
that use
oil
Understa
safety &
saving of
Vespa
Vespa On
Pager +
Trial
No friend
Vespa
Care about
environment
Students
20-25
years old
families living
in a small
apartment in
the city
pendler
not enough
storage
space
not enough
time to deal
with storage
Chaos in the
basement
They like
stuff to be
picked up
from home
They would
pay up to
20€ a month
for such
service
They would
trust a pick
up storage
service
they have a
storage
space
problem
28. LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20 5/10
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
I believe this solution will result
in quantifiable outcome.
The assumption with the least
GET OUT OF THE BUILDI
INTERVIE
8/10 don
have frien
with Vesp
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People w
difficult
commute
NYC
Relying on
products
that use
oil
Understa
safety &
saving of
Vespa
Vespa On
Pager +
Trial
No friend
Vespa
Care about
environment
Students
20-25
years old
families living
in a small
apartment in
the city
pendler
not enough
storage
space
not enough
time to deal
with storage
Chaos in the
basement
They like
stuff to be
picked up
from home
They would
pay up to
20€ a month
for such
service
They would
trust a pick
up storage
service
they have a
storage
space
problem
8 / 10
have a space
problem
38. » WOULD YOU LIKE…
» DO YOU…
» CAN YOU IMAGINE…
» WOULD YOU…
BAD QUESTIONS TO ASK:
39. THE MORE YOU ASK
SOMEONE TO COME
UP WITH A SOLUTION
OR IMAGINE IT, THE
LESS YOU CAN TRUST
THEIR RESPONSE.
40. “THE ALTERATION OF
BEHAVIOUR BY THE
SUBJECTS OF A STUDY DUE
TO THEIR AWARENESS OF
BEING OBSERVED”
IT IS CALLED THE “HAWTHORNE EFFECT”
41. WE NEED TO OBSERVE
BEHAVIOUR, NOT OPINION,
USE A CONVERSATION STYLE.
42. 1. Have you ever had [Problem, situation]…?
2. Tell me a story about the last time you had…
[Problem]?
3. How do you solve the problem now?
4. Why is your current solution not good?
GOOD QUESTIONS:
43. SELLING IS NOT IDEAL
IN THE FIRST ROUND
OF INTERVIEWS, BUT
YOU CAN SELL IT AS IF
IT WAS REAL.
52. DESIGNED FOR: DESIGNED BY: DATE: ITERATION:
LEAN VALIDATION BOARD
START HERE. BRAINSTORM WITH STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2 3 4 5
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20
PIVOT!
5/10
PIVOT!
50+ in 2hrs
PERSEVERE!
LEARNING
Who is your customer?
Time limit: 5 Min
Time limit: 5 Min
Time limit: 5 Min
Time limit: 10 Min
What is the problem? Phrase it from your customer’s perspective.
Define the solution only after you have validated a problem worth solving.
List the assumptions that must hold true, for your hypothesis to be true
NEED HELP? USE THESE SENTENCES TO HELP CONSTRUCT YOUR EXPERIMENT.
To form a Customer/Problem Hypothesis:
To form your Assumptions:
Determine how you will test it:
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
Determine what success looks like:
1
I believe my customer has a
problem achieving this goal.
In order for hypothesis to be
true, assumption needs to be true.
The least expensive way to
test my assumption is...
I believe this solution will result
in quantifiable outcome.
The assumption with the least
amount of data, and core to the
viability of my hypothesis is...
I will run experiment with # of
customers and expect a strong
signal from # of customers.
GET OUT OF THE BUILDING
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People with
difficult
commute
NYC
People with
difficult
commute
NYC
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
- Skinny Tie!
- Buying for
lifestyle
- “I’m not a
scooter
person”
- Lifestyle is
a risk
- People typing
in ALL CAPS
- Jumping out
of seat to try
families living
in a small
apartment in
the city
not enough
storage
space
they have a
storage
space
problem
8 / 10
have a space
problem
Students
20-25
years old
pendler
not enough
time to deal
with storage
Chaos in the
basement
They like
stuff to be
picked up
from home
They would
pay up to 20€
a month for
such service
They would
trust a pick
up storage
service
53. PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
RESULT &
DECISION
0/20
PIVOT!
5/10
PIVOT!
50+ in 2hrs
PERSEVERE!
LEARNING
customer’s perspective.
alidated a problem worth solving.
for your hypothesis to be true
UR EXPERIMENT.
To form a Problem/Solution Hypothesis:
To identify your Riskiest Assumption:
Determine what success looks like:
I believe this solution will result
in quantifiable outcome.
The assumption with the least
amount of data, and core to the
viability of my hypothesis is...
I will run experiment with # of
customers and expect a strong
signal from # of customers.
GET OUT OF THE BUILDING
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
- Skinny Tie!
- Buying for
lifestyle
- “I’m not a
scooter
person”
- Lifestyle is
a risk
- People typing
in ALL CAPS
- Jumping out
of seat to try
8 / 10
have a space
problem
not enough
storage
space
they have a
storage
space
problem
2 / 10
have a space
problem
(INVALIDADED)
THEY
WOULD’NT MIND
PAYING TO
STORE BULKY
ITEMS
54. DESIGNED FOR: DESIGNED BY: DATE:
DATION BOARD
STICKIES, PULL IT OVER TO THE RIGHT TO START YOUR EXPERIMENT. EXPERIMENTS 2 3 4
CUSTOMER
PROBLEM
SOLUTION
RISKIEST
ASSUMPTION
SUCCESS
CRITERION
Phrase it from your customer’s perspective.
ly after you have validated a problem worth solving.
hat must hold true, for your hypothesis to be true
ES TO HELP CONSTRUCT YOUR EXPERIMENT.
othesis: To form a Problem/Solution Hypothesis:
1
has a
goal.
I believe this solution will result
in quantifiable outcome.
INTERVIEW:
8/10 don’t
have friend
with Vespa
SELL:
15 email
addresses
in 2 hours
INTERVIEW:
5/20 buying
Vespa bc
environment
important
People
buying
Vespas on
Craigslist
People with
difficult
commute
NYC
People with
difficult
commute
NYC
Relying on
products
that use
oil
Understanding
safety & time
saving of
Vespa
Vespa too
expensive
for identity
risk
Vespa One-
Pager +
Trial
Rent Vespa
& Return It
If Not Fit
No friends
Vespa
Pay
$250/month
Care about
environment
Students
20-25
years old
families living
in a small
apartment in
the city
not enough
storage
space
not enough
time to deal
with storage
Chaos in the
basement
They like
stuff to be
picked up
from home
They would
pay up to
20€ a month
for such
service
They would
trust a pick
up storage
service
they have a
storage
space
problem
8 / 10
have a space
problem
pendler
don’t have a
personal
storage
space
they have a
storage
space
problem
8 / 10
have a space
problem
PICK UP
SERVICE FOR
bulky items
STORAGE
55. METHODS TO TEST THE HYPOTHESIS:
INTERVIEW
PRE-SELL
CONCIERGE
PROTOTYPE
IDEA
57. MAURO.
WORKS IN MUNICH
THROUGHOUT THE
WEEK AND GOES
HOME ON WEEKENDS.
HE WOULD LIKE TO
STORE PERSONAL
ITEMS BUT DOESN’T
HAVE THE SPACE.
EXAMPLE
58.
59.
60.
61. WHAT MAURO DIDN’T KNOW:
1.THE WEBSITE IS FAKE
2.THERE IS NO COMPANY, OR
PRODUCT OR SERVICE YET
62. • It validates that there is a market willing to pay or at
least try the service
• Once we start building a client database we can start
asking them questions and making further experiments
(customer development)
• Most likely, people on the database will become first
customers and multipliers (low marketing costs)
• You are validating without having to build the product/
service first (cost-effective)
WHY IS THIS IMPORTANT?
64. CURRENCIES
(PRE-ORDER, MONEY, EMAIL, COMMITMENT…)
1.
PITCHING THE OFFER
VALUE OF SOLUTION
PERCEIVED VALUE
SPECIFIC BENEFITS MENTIONED BY CUSTOMERS?
2.
INTEREST
TRIED TO APPLY?
3.
65.
66. LEAN VALIDATION IS A CONTINUOUS
PROCESS. IT HAS A BEGINNING BUT
NOT AN END. THIS PROCESS WILL
CONTINUE EVEN AFTER YOU LAUNCH
YOUR BUSINESS.