First, a warning: Unless you have product-market-fit and you are drowning in demand, the answer to your startup’s problems right now is probably not more employees. Adding another employee should be the last resort. I have yet to hear from a founder shutting down their company that only if they had hired more employees, their… Continue reading How to recruit your early employees
Author: andresbarreto
Determining the right KPI
The right KPI is a leading indicator to revenue and overall company valuation. The right KPI is the event that best captures the value generated for your users. It also overlaps with the “Aha” or “Wow” moment. This Key Performance Indicator typically Correlates with retention, then expansion of use and finally referrals Is not necessarily… Continue reading Determining the right KPI
How to build a product people want
At this stage, you already have a co-founder that you admire, trust, respect and has a high degree of charisma (Read: Recruiting a co-founder) You also have identified a problem that ideally you have lived yourself or understand very well and meets the criteria of a problem that causes frustration, takes too much time, is… Continue reading How to build a product people want
How to get to Product Market Fit
Once you decide to build a startup with your amazing co-founders, you have picked a starting point by selecting a problem to solve, not an idea now; your sole job is to get to product-market fit. If you are currently overwhelmed by the demand and find yourself struggling to keep up, and perhaps despite having… Continue reading How to get to Product Market Fit
Picking a Problem to solve, not an idea
Start by identifying a problem. Don’t start with an idea. Get married to the stakeholder and the problem they may have, not to a genius solution that you think you have. If you start with an idea of a solution without first having lived or identified the problem very well, it’s highly likely that your solution will… Continue reading Picking a Problem to solve, not an idea
Recruiting a co-founder
The Right Co-Founder Before the idea, the market, the funding or the opportunity, the most important tool in your survival kit is your co-founder. Increase your chance of survival by picking a co-founder that meets these four criteria: Mutual Admiration Mutual Respect Mutual Trust Charisma: Leadership potential. On Charisma: This is how a co-founder will scale,… Continue reading Recruiting a co-founder