Lean startups and methodology for product development and business operation.
A pivot is primarily a shift in the business strategy which is applied for testing out a new approach related to the startup business model after receiving feedback. Having popularized pivot success, the new-age founders have grown to believe that pivot can be a great success formula for them too. Read More: appinventiv.com
To set you on the right course, we asked 16 members of Forbes Technology Council what steps an enterprise tech team can take to operate more like a startup. One big motivation for a tech team is seeing their work in production, so a faster deploy cycle helps keep the team motivated and driven. Read More: forbes.com
Aren’t great startups born from great ideas?. Came up with a great startup idea? What next? Neeraj Joshi, Head of Product at Spinny – India’s largest dedicated portal for pre-owned cars – outlines 6 key steps to validate your business idea. Read More: startups.com
How startups can conquer the challenge of building an MVP. Building an MVP is solving a maze. How does an MVP and early adopters correlate? MVP helps acquire early adopters. Read More: business2community.com
You should include columns like how many customers are available, conversion rate, the cost to acquire a customer, lifetime value of a customer for every given strategy. If your customer refers a new customer within the first week, you’ll go from ten customers to twenty and double every week without any additional marketing. Read More: sipreads.com
Station F’s ecosystem survey looks at how startups are coping with coronavirus. We want to showcase, share, and connect the best that European startups and their partners have to offer, without fear or favour. Read More: sifted.eu
All of these things help to shift and sharpen how you are perceived in the market, which will ultimately help position you to great advantage as we emerge from this time. Your existing customers will keep you alive as a company and ensure your success during times of crisis. Read More: openviewpartners.com
Having a business plan helps business owners secure outside funding, maintain a strategic focus, and track milestones. Having a lean business plan has the added benefits of being easily updatable, saves time, and helps you grow faster. Read More: thomasnet.com
FOUNDERS, EXTEND YOUR CASH RUNWAY BY TAKING THESE STEPS RIGHT NOW: These are important to your employees’ larger feelings of safety and are something for which your employees count on you. Some founders are even offering salary-for-equity swaps where employees can agree to a decrease in salary in exchange for equity in the business. Read More: openviewpartners.com
Investments in young companies have fallen, with 2,215 start-ups raising money in the United States in the last three months of 2019, the fewest since late 2016, according to the National Venture Capital Association and PitchBook, which track start-ups. SoftBank bet big on companies like Uber and WeWork, as well as the Colombian delivery start-up Rappi and the Indian hospitality start-up Oyo. Read More: nytimes.com