9 things that don't matter for your startup
1. A professional website.
- Our cohort based writing course, ship 30 for 30 hit 7 figure in revenue in 1st year of business with a carrd landing page we made in a weekend.
- A ghostwriting agency signed 25 clients with $500000 revenue with nothing but cold email outreach
2. Social media manager
- Know that social media is an attention engine, with a system you can easily batch and create you own content
- You can leverage a ghostwriter to leverage existing assets and create prospects for you
3. Paid Ads
- 99% of the time, companies turn on paid ads too early.
- You should focus on creating an organic marketing flywheel, validating the product offer, gathering testimonials and increase LTV there after you can turn on paid ads
4. Funding
- Very few businesses actually require funding
- Most of them can be validated by selling
- Founders who say "I need money" are usually lost
5. A Technical Co-founder (CTO)
- There are four forms of leverage
- Labor
- Capital
- Code
- Media
These four should be your strength except the coding which is dependend on your product/service you are marketing and selling. If your product is code dependent then you need to leverage it
6. Pitch Deck
- The newbie startup raises funding using pitch decks and presentations whereas elite startups say "sorry, we are busy building, you want in or no?"
- Startups that need money don't get it
- Startups that shoo investors successfully get gatekeepers who are investors.
7. A 'Go-To-Market' Startegy
- Build in public
- Educate others about your category on Twitter/Linkedin
- Share monthly metrics and lessons learnt publicly
- Ask people what they want, then build and launch it ASAP
- Stop overthinking start shipping
8. Monday morning 'Standup' Meetings
- Most action items don't need to be discussed at all.
- They need to be delegated and measured.
- Your startup doesn't need to talk about things, it has to be doing things and mostly it should be doing asynchronously
9. A Physical office
- Even if you are selling physical goods, you probably don't need a physical office.
And if you are selling digital products, you definitely don't need one.
10. What exactly we need for a startup then
- A formal entity (Pvt ltd company)
- Business account in local bank
- Offer
- Way to reach prospective customers
- Way to follow fulfill your offer, consistently
Comments
Post a Comment