To start a startup : course explained Major 24 steps
1. Market segmentation
2. Beachhead market
3. End-user profile
4. Beachhead Total Addressable Market (TAM)
5. Persona
6. Life cycle use case
7. High-level product specifications
8. Quantify Value Proposition
9. Next 10 customers
10. Define your core
11. Chart competitive position
12. Determine the decision-making unit
13. Map customer acquisition process
14. Follow on TAM
15. Design business model
16. Pricing framework
17 lifetime Value (ITV)
18. Map sales process
19. Cost of Customer Acquisition (COCA)
20. Identify key assumptions
21. Test key assumptions
22. Define Minimum Viable Business Product (MVBP)
23. Show "The Dog Will Eat Their Own Dog Food"
24. Develop a product plan
24 steps are divided into 3 major catagories Classification of these 24 steps These 24 steps are classified into 3 different parts:
1. Customer understanding: The first few videos of this course revolve around customer understanding
2. Product Solution Service: Once you understand the customer, you will be able to figure out if your product, solution or service is able to solve the burning problem of the customer
3. Strategy When you have understood your customer and have launched the product, it is the time for strategy. You make some assumptions, business plan, and calculate the cost of business acquisition Remember, customers, are given a lot of focus because e