Book

All in startup: launching a new idea when everything is on the line

by  Diana Kander

Description

"A book for anyone who has started a business, thought about starting a business, or just been close to someone who has, All In Startup introduces the reader to the latest advances in entrepreneurship, including a new understanding of how to launch a company in a way that dramatically improves its chances of success.The "business plan" curriculum taught in most M.B.A. programs is on the verge of extinction. A new "scientific method" of entrepreneurship built around forming and testing basic assumptions will soon replace the tired old model. The book, told through a case study approach, follows the story of Owen Chase who is tasked with turning his company around in 9 days. Through rich storytelling, All In Startup provides a book-length case study to showcase a new type of entrepreneurship, revealing innovative business principles and the emotional reality of entrepreneurship that goes tragically unmentioned during business school"-- Provided by publisher

Table Of Contents

  • First appearances can be deceiving
  • You're not fooling anyone
  • You can't sell anything by doing all of the talking
  • It's how well you lose, not how well you win, that determines whether you get to keep playing
  • The real pros don't play every hand
  • Vanity metrics can hide the real numbers that matter to your business
  • You won't find a mentor if you don't ask
  • Put your customers and their needs before your vision for a solution
  • Don't gamble - use small bets to find opportunities
  • even experts need to prepare for new terrain
  • People don't buy visionary products; they buy solutions to their problems
  • Only customers can tell you if you've found a problem worth solving
  • Hoping and praying for luck is not a strategy
  • It's never too late to test your assumptions
  • The secret to customer interviews is nonleading, open-ended question
  • The only way to get good at customer interviews is to practice
  • Finding out your assumptions were wrong is just as valuable as proving them right
  • Don't pivot to a new idea without testing your new assumptions
  • Save your chips for when you'll need the least amount of luck to win
  • Successful entrepreneurs recognize failure, fold, and live to fight another day
  • Test your assumptions before committing any resource to an idea
  • Luck can be engineered if you take emotion out of the equation
  • Every successful entrepreneur has more failures than successes
  • The harder you work, the luckier you'll get
  • Opportunities to find prospective customers are everywhere - you just have to look
  • The best feedback from potential customers comes from meticulous interviews
  • Recognize the vanity metrics to avoid big losses
  • Keep interviewing customers until yo find a migraine problem worth solving
  • People can't help themselves from sharing when you bring up a migraine problem
  • Stay objective in your interviews whether you are getting good or bad news
  • Nothing else matters until you can prove that customers want your product
  • Luck makers seek out new experience and find opportunities where ever they go
  • Luck is not a good strategy for poker or business : It's the outcome of a good strategy
  • To prove demand, find the shortest path to the ultimate customer action
  • Prepare for bad luck by building up reserves
  • Fear and inaction are the two greatest threats to your business idea
  • Understand your tendencies on tilt so that you can compensate for them
  • There is no mistaking it when you uncover migraine problems worth solving
  • Get comfortable with being wrong
  • Don't go all-in without confirming your assumptions through smaller bets
  • Second chances are rare - make sure you get it right the first time around
  • Even when you find a migraine problem, crafting a solution requires vigilance and readjustment
  • Don't commit all-in until you prove that customers want your product and there's a business model to support it
  • The strength of your initial idea, or starting hand, is always relative

Subject

Entrepreneurship / New business enterprises

Details

Published Hoboken, NJ : Wiley, 2014
Language English
Material xviii, 284 p.
ISBN 1118857666 / 9781118857663
Location
TCDC Bangkok - Closed Stack
TCDC Bangkok - Recommended collection - Business
TCDC Bangkok - Closed Stack2

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