One of the core principles of the Lean methodology is to validate “product/market fit” as early in the process as possible. Historically, a business would define a budget, create a product, and put it on the market and hope for the best. Typically this worked fine since we were living in a supply-driven economy wherein [...] →
I spent a lot of time studying entrepreneurship in 2011 and there were a number of great tidbits of advice that I collected along the way, that didn’t necessarily make it into a blog post of their own. As I reflect on a year now gone, I picked my favorites for this top 10 list: [...] →
I’ve spoken to countless people who are shocked when I tell them it should cost at least $25k-$30k to start just about any serious venture, even when bootstrapping. I’m invariably told by the person I have this conversation with that they are confident they could do it for a lot less. And then there was [...] →
“I have made this letter longer, because I have not had the time to make it shorter.’ ~ BlaisePascal “Lettres provinciales”, letter 16, 1657 I’m sure everyone is well-aware by now of the story of why the Apple iPod was such a runaway success. Aside from excellent timing, many would point to the simplicity of [...] →