More posts about: entrepreneurship, experiment // 5 Comments »
- web development contracting
- social business consulting
- conference/event sketchnoting
- public speaking
- writing e-books
- selling used books
|Social business consulting||March|
|Used book sales||April|
|Web development contracting||May|
- Generate business value propositions, perhaps picking common markets/personas so that I can get transferable insights and good lists for validating ideas
- Quickly validate problems and solutions through interviews (maybe through Skype – a community of early adopters who are willing to let me pick their brains?)
- Create visual mockups and sign-up pages
- Test pricing and get payment
- Build minimum viable products using popular APIs and toolkits
- Do a whole bunch of businesses and then evaluate which ones to invest more time in, or even spin them off as people are interested
- Add more business ideas to the list of things
- Flesh out more business models
- Start building my tribe of co-experimenters (people who are interested in the journey? potential customers?)
- Map how the different business models relate to each other, so I can organize them in a logical sequence
- Develop my prototyping skills (mockup, design, MVP)
- Creating new businesses as experiments can be risky - why should people buy from a pop-up business that may not be around later on? Maybe I can draw ideas from software lifecycles: each month, there’d be a business in startup phase, a business in go phase, and a business in maintenance phase, and I’d build processes or open up the possibilities so that people can take over the business if it promises to be interesting.
- Supporting previous businesses can distract me from creating new ones. Again, processes can help here.
- Business start-up costs can be high; will I see the return on investment? Possibly, if I stay laser-focused on creating that first customer with a minimum viable product. Also, I’ll get a lot of value from the learning.
- 06 February 2013 at 11:02am
- Monthly review: January 2013 » sacha chua :: living an awesome life 23 April 2013 at 8:04am
- Squishing my excuses: idea edition » sacha chua :: living an awesome life
[...] Accelerating my business learning: setting a goal for a new business every month ...
[...] been trying to figure out what intimidates me about this new idea every month ...