You might have an idea, but what if someone already had it and was doing it? What if worse, someone has been doing it so well that they dominated the market? Can you really take market share away from the competitions?
Steve Blank lays out the reference to the New Lanchester Strategy in his book The Four Steps to the Epiphany. These are of course I think by no means, a 100% strict and accurate formula for choosing markets to enter, but I think it’s very valuable in terms of a reference: Continue reading
I’ve learned a lot at the second week’s lecture and with doing the assignments.
The topic is on Research and Customer Development, which I think is the most important topic for entrepreneurship, as the #1 reason startups fail is they build a product that nobody wants. Good groundwork in this phase of the business can really make a difference.
To summarize the most important learning: Continue reading
Some business are free but still turns out successful, while other business will be doomed to fail over a freemium model. What makes a freemium model, or subscription model, or money upfront work?
It’s helpful to categorize businesses into three categories: Continue reading
Hi << Test First Name >>,
I’m Stephen Leung. As you might have known, I have joined a program that teaches entrepreneurship. It’s called the Founder Institute (http://FI.co). It will help me develop a series of ideas into a meaningful and enduring technology company. I would like to update you on my progress each week over the next few months. Continue reading
This is one of the assignment where we have to make a 60 second pitch about our initial business idea.
Well here it is. Please leave any comments regarding any feedback or suggestions you have, good or bad. No hard feelings I promise, just want to know anything that could help me improve. Thanks for watching!
This is not an official assignment, just my personal thoughts from after the first class.
So for those who aren’t familiar, maybe I’ll give a brief introduction to the course. It’s Founder’s Institute Program, and it’s meant to help you kick-start yourself into starting a business and teaching you how to be systematic about it and increase your chance of success. Continue reading
If you find yourself unable to motivate yourself, squeeze out willpower to do that thing, here’s how to make it easier.
First, I don’t think there are “lazy” people. There are just people that don’t know what they want, why they want it. Everything that you can’t “motivate” yourself to do comes down to cost vs benefit. Continue reading