Great post Michael. Despite what people say about vanity metrics, I think proving people want what you're going to build before you build it is incredibly important. I heard Flexport did this by getting 300 companies to sign up before Ryan (the founder) wrote any code. Eliminating risk isn't entirely possible. You could create a website for DoorDash/Ladder or Flexport, get traction, build Version 1 and then get told…
How to Test Drive Your Business Idea Before Quitting Your Job
71–80 of 94 posts
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#72I hear this is what the creators of Pokemon Go used before they launched their product.
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#73Two quick points: 1. I like the blog post. It may sound similar to the methodology in Lean startup, Y Combinator, and a bunch of other stuff but so what. It is clearly written and specific. 2. I have no idea what ladder.io does! I looked at the web page, and it is very slick, but I still can't figure out what you do. Quite a difference. You have a "real time tactic database". Is that the same as a listicle on the top…
Basically; we started as a growth hacking agency and then built our own platform for keeping track of what we tested (and what worked). If you want a free trial + demo, just sign up on the site and we'll walk you through it.
Thanks for the interest!
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#74I gave a talk at Dropbox called "How to start a business without quitting your day job" that I think delivers a lot of the punch on this page without the weird culty vibe. Give it a watch (for free, obviously) if you like: https://www.youtube.com/watch?v=J8UwcyYT3z0
Haha I'm sorry if it came across as 'culty'. I'll check out the video thanks for sharing.
For instance, the way you recommend a hyper-specific style of elevator pitching I think has basically no impact on success. Success with pitching is (according to my dumbass) way more about identifying who your actual audience is and why they care than about getting this perfect "pitch" correct. The discovery process around that is much harder and ambiguous than defining a pitch on paper.
Also, you have really specific stuff in there like "blast your contact list". I mean, okay, I think that might work for some people in some industries, but I don't think it's great advice for the median new founder. Neither is doing a CAC/LTV for a business when you haven't even figured out potential distribution much use, either.
Anyway, my longwinded point is that this is kind of culty. What makes cults what they are? I think it boils down to their unshakable conviction that their specific rituals are correct and their motivation to convince others of that. I don't think that "follow these specific actions and you will have a business" is advice that you can give in good conscience.
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#75Earlier quoted context omitted.
Haha I'm sorry if it came across as 'culty'. I'll check out the video thanks for sharing.
I'm sorry too, I kind of threw that in there without much thought. If I had to be more specific, I'd say that what you've done is really more like enshrining what you in particular have done at your company, without too much thought about what might be generally applicable. For instance, the way you recommend a hyper-specific style of elevator pitching I think has basically no impact on success. Success with pitching…
Generally, most people do NO (or very little) research, testing or thinking about their business idea before investing significant resources into it. My aim was to get them thinking, even if my way isn't the best. If I can help them avoid analysis paralysis and just DO something that moves their dream of starting a business forward, without risking too much money and time, then I'm happy. :-)
With over 10k words I didn't have the time (or frankly, energy) to dive too deep into any one topic. For example elevator pitching, which could be a 10,000 word blog post in itself. Happy to provide links for further reading though if you have any specific resources you find useful?
I actually think the culty thing is kind of a compliment; some of the most successful companies are kind of cultish and many great marketers talk about building 'Tribes' (e.g. Seth Godin). Maybe I just absorbed a bit too much of Noah Kagan's charisma when I worked at AppSumo, I dunno. ¯\_(ツ)_/¯
This is a bigger topic again, but in my experience rather than 'optimizing' (investing a lot of time choosing the best possible path) it's much more efficient to 'satisfice' (invest less time and choose a good enough path). Does it really make that much difference which elevator pitch format you use? Or is it more important that you actually do write one? Providing multiple options would only scare most people away because it's too hard to pick.
Hope that's useful background / partial justification for cultiness. ;-)
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#76Earlier quoted context omitted.
Hey, author and one of the co-founders here, michael taylor. Thanks for checking us out and taking the time to comment! We definitely are standing on shoulders of giants here; I sleep with Lean Startup under my pillow. We just saw this blowing up on HN and I'm personally pretty excited because it's the first time I've had anything on here. Didn't even expect it as a marketer, so that's awesome. We've actually just hi…
Off topic, but can you fix that bug that makes your site create a popup when a user highlights text. I have trouble tracking text and use the highlight to read faster. Your site is completely unreadable to me.
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#77Earlier quoted context omitted.
If you don't have the network, you have to build it. There's no real way around that. If you want to start a business and need to stress test your idea like this, you'll need to do outreach. Whether that's cold outreach or attending events or joining the right groups and communities, it's all about the legwork. But the point is you can still do that on your own time without making huge sacrifices. Taking the concept…
So I have this problem, I built an mvp and signup page, attracted a lot of page views, got quite a few signups for the free tier (50 for example) and they were all of the type: sign up, login, look around, never came back. So using these 50 signups/emails as my network, I've done two things; emailed a survey link, and emailed just asking for feedback. And nothing, not one single response to either the survey, or the…
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#78I gave a talk at Dropbox called "How to start a business without quitting your day job" that I think delivers a lot of the punch on this page without the weird culty vibe. Give it a watch (for free, obviously) if you like: https://www.youtube.com/watch?v=J8UwcyYT3z0
Thank you for sharing. For quite awhile now I've had in the back of my mind that I want to develop some kind of side business. I'm perfectly happy at my full time job, and incredibly busy ... but I've always been the kind of person to spend my free time tinkering with hobby projects. It would be nice to pour that time into something that generates a little extra cash and has the potential to blossom into a small busi…
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#79I gave a talk at Dropbox called "How to start a business without quitting your day job" that I think delivers a lot of the punch on this page without the weird culty vibe. Give it a watch (for free, obviously) if you like: https://www.youtube.com/watch?v=J8UwcyYT3z0
Re: How to Test Drive Your Business Idea Before Quitting Your Job
#80I gave a talk at Dropbox called "How to start a business without quitting your day job" that I think delivers a lot of the punch on this page without the weird culty vibe. Give it a watch (for free, obviously) if you like: https://www.youtube.com/watch?v=J8UwcyYT3z0