Author: /u/AutoModerator
Go to Source
The Harvard Business Review Entrepreneur's Handbook: Everything You Need to Launch and Grow Your New Business
Free $0.00 Amazon
r/startups wants to hear what you’re working on!
Tell us about your startup in a comment within this submission. Follow this template:
- Startup Name / URL
-
Location of Your Headquarters
- Let people know where you are based for possible local networking with you and to share local resources with you
- Elevator Pitch/Explainer Video
-
More details:
- What life cycle stage is your startup at? (reference the stages below)
- Your role?
-
What goals are you trying to reach this month?
- How could r/startups help?
- Do NOT solicit funds publicly–this may be illegal for you to do so
-
Discount for r/startup subscribers?
- Share how our community can get a discount
————————————————–
Join our discord for instant chat, advice, and emotional support!
————————————————–
Startup Life Cycle Stages (Max Marmer life cycle model for startups as used by Startup Genome and Kauffman Foundation)
Discovery
- Researching the market, the competitors, and the potential users
- Designing the first iteration of the user experience
- Working towards problem/solution fit (Market Validation)
- Building MVP
Validation
- Achieved problem/solution fit (Market Validation)
- MVP launched
- Conducting Product Validation
- Revising/refining user experience based on results of Product Validation tests
- Refining Product through new Versions (Ver.1+)
- Working towards product/market fit
Efficiency
- Achieved product/market fit
- Preparing to begin scaling process
- Optimizing the user experience to handle aggressive user growth at scale
- Optimizing the performance of the product to handle aggressive user growth at scale
- Optimizing the operational workflows and systems in preparation of scaling
- Conducting validation tests of scaling strategies
Scaling
- Achieved validation of scaling strategies
- Achieved an acceptable level of optimization of the operational systems
- Actively pushing forward with aggressive growth
- Conducting validation tests to achieve a repeatable sales process at scale
Profit Maximization
- Successfully scaled the business and can now be considered an established company
- Expanding production and operations in order to increase revenue
- Optimizing systems to maximize profits
Renewal
- Has achieved near peak profits
- Has achieved near peak optimization of systems
- Actively seeking to reinvent the company and core products to stay innovative
- Actively seeking to acquire other companies and technologies to expand market share and relevancy
- Actively exploring horizontal and vertical expansion to increase prevent the decline of the company
If you are running a traditional business that is not designed to scale rapidly, feel free to reference a traditional business life cycle model and share what traditional business life cycle stage you are at.
submitted by /u/AutoModerator
[link] [comments]