The next big little thing
The next big little thing
Good to think about
1. Do you understand why little things are so fundamental in the life of a startup? It is never because people are excited by every minor detail, but because one often has to take small ideas that have worked before. Great visionaries offer big ideas and inventions, yet any startup success is born from something more modest.
2. When you have something small which works, it means someone wants it. Such consideration is essential as demand failure is among the leading causes of start-up failures.
3. Something as small as a functional MVP produces data that can be collected and measured. Measurable data is the basis of effective management. This allows you to rapidly collect insights and feedback which in turn helps inform your decisions and minimise costly mistakes.
4. Investors would have a much easier time believing in you if you have something that actually works. They shall make sure you can successfully execute your ideas. For instance, if you are looking for investors, then having a small yet constantly developing user database could really catch their eye.
5. Without substantial funds it is almost impossible to create and launch a big thing right away, so you usually have to start small.
6. Overall, it is not important how big your start is, but what you are striving for. Are you nurturing a great idea? Attempt launching the smallest part of it today and start producing the minimal value for your future customers.
7. Here it's worth remembering the “domino effect” and the “ripple effect” when planning your steps.
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