Playbook #3 - How To Validate Your Startup Idea đź’ˇ
After teaching hundreds of startup founders and corporate executives, Paul Pajo shares the key methods on how startup founders can validate their startup ideas the proper way. Paul will share the processes founders and teams can use to validate their assumptions and gave great examples of how startups did it. Paul also shared amazing tools that hustlers can use to put these experiments into work in this playbook brought to you by AWS.
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Links mentioned in this episode:
MVP/Minimum Viable Product - The version of your product that fulfills your business goals and tests your initial market research, with the least amount of effort.
Javelin Board - A concept developed by the Lean Startup Machine that’ll validate ideas through experimentation.
Risk Profile - an evaluation of an individual’s willingness and ability to take risks. It can also refer to the threats to which an organization is exposed.
Minimum Success Criteria - it is the smallest outcome that would deem the project a success for you X years from now. )
Blue Ocean Strategy - a marketing theory and the title of a book published in 2004 by W. Cham Kim and Renée Mauborgne.
API/Application Programming Interface - an interface or communication protocol between different parts of a computer program intended to simplify the implementation and maintenance of software.
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