Starting Your Business

Road Map to Success

Overview

First you come up with a good idea. Then you think about different variations on that idea. Come up with a simple prototype. Then you talk to customers and experts about your idea and seek validation. Repeat until you know you have a winner. Then you build a minimal viable product, beta test and launch. Scale the company and make it big. At some point in the process you’ll need to get funding and workout the legal details.

“In order to use a map to get to your destination, you first need to understand where you are on the map. 

Step 1 - Nail the Pain

 Destination 1: Idea and Problem        Destination 2: Validation

Step 2 - Nail the Solution

 Destination 3: Product Development

Step 3 - Nail the Go-To-Market Strategy

 Destination 4: Business Model         Destination 5: Legal

Step 4 - Nail the Business Model

 Destination 6: Launch

Step 5 - Scale It

 Destination 7: Accelerate       Destination 8: Funding      Destination 9: Success