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.
Resources and Help for Starting Your Startup
The Entrepreneurship Institute collaborates with all UVU colleges, schools, departments and the Business Resource Center.
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
Step 5 - Scale It
Destination 7: Accelerate Destination 8: Funding Destination 9: Success
Based on Furr, Nathan, and Paul Ahlstrom. Nail it Then Scale it: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation. [S.l.: NISI Institute], 2011.
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