Entrepreneur

A person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so. (definition by Oxford Language)

Start reading Be an Entrepreneur or checkout some References

Be an Entrepreneur

Problem Solvers, Personality, Dealing with Uncertainty, Embrace failure, Never stop Learning, Advice vs Experience, Psychological Patterns (Impostor Syndrome, Planning Fallacy, FoMo).

Skills

Skills can be taught, Get a Mentor, Networking, Leadership, Sell (Pitching), Communication, Time Management, Decision Making, Negotiation, Conflict Resolution, Delegate.

Common Idioms

Fake it till you make it, Do things that don’t scale, Move fast and break things, Walk the Talk

Co-Founders Dynamics

Choosing a Co-Founder, Maintain a Good Relationship, Want to rid of your Co-founder?

Deal with Investors

soon

Choosing Investors, Investors Expectations, Board Members, Investment Tools

Personal Brand

soon

Why building a strong personal brand is so important to building a successful business.

References

 The Power of Habit - by Charles Duhigg
Why We Do What We Do in Life and Business
The Hard Thing About the Hard Things - by Ben Horowitz
Building a Business When There Are No Easy Answers
Blitzscaling - by Reid Hoffman (founder of Linkedin)
The Lightning-Fast Path to Building Massively Valuable Companies
Running Lean - by Ash Maurya
Iterate from Plan A to a Plan That Works
Original Version Launch Year: 2010
Key takeaways
  • Systematic process for quickly vetting product ideas and raising our odds of success.
  • 3 Principles: Document Plan A (your initial plan), Identify the Riskiest Aspects of your Plan, Systematically Test your Plan
  • 3 Stages of Startup Growth: PROBLEM/SOLUTION FIT, PRODUCT/MARKET FIT, SCALE
  • Lean Canvas: focuses on addressing broad customer problems and solutions and delivering them to customer segments through a unique value proposition.
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    		The Lean Startup - by Eric Ries
    How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
    Original Version Launch Year: 2008
    Key takeaways
  • Is about maximizing learning and minimizing waste in the innovation process; it combines Customer Development, Agile software development methods and Toyota’s Lean practices.
  • Lesn Startup is a methodology for developing businesses and products, which aims to shorten product development cycles and rapidly discover if a proposed business model is viable; this is achieved by adopting a combination of business-hypothesis-driven experimentation, iterative product releases, and validated learning.
  • MVP (Minimum Viable Product)
  • Continuous Deployment
  • Split Testing (A/B Testing)
  • Actionable Metrics
  • Pivot
  • Build-Measure-Learn
    		•
    		Business Model Generation - by Alexander Osterwalder
    A Handbook for Visionaries, Game Changers, and Challengers
    Original Version Launch Year: 2008
    Key takeaways
  • Business Model Canvas - business model design template, that help describe its business model.
    		•
    		The Four Steps to the Epiphany - by Steve Blank
    Successful Strategies for Products that Win
    Original Version Launch Year: 2005
    Key takeaways
  • Customer Feedback is a framework for incorporating customers’ inputs into your product development cycle.
  • Customer Development Methodology consists of 4 steps
  • (1) Customer Discovery: tests hypotheses about the nature of the problem, interest in the product or service solution, and business viability.
  • (2) Customer Validation: tests the business viability through customer purchases and in the process creates a 'sales road map', a proven and repeatable sales process. Customer discovery and customer validation corroborate the business model.
  • (3) Customer Creation: executes the business plan by scaling through customer acquisition, creating user demand, and directing it toward the company's sales channels.
  • (4) Customer Building: formalizes and standardizes company departments and operations.
  • Customer Discovery Steps
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