Dave Lavinsky’s new book – Start at the End: How Companies Can Grow Bigger and Faster by Reversing Their Business Plan – says smart entrepreneurs should start by defining the goals they want to achieve and work their way backward to arrive at the steps necessary for success.
Instead of waiting for someone to offer a helping hand, or packing up the U-Haul and moving to Silicon Valley, try taking the entrepreneurial approach and turning your home town into a high-tech startup community.
There comes in a time the life of many startups when it starts to become clear that everything is not going according to plan. But how do entrepreneurs tell if they need to keep going all in on the original plan, or pivot to something new?
Many startups scramble to create a “minimum viable product,” or MVP, to get a version of their product to market quickly for testing. It’s a great way to cost-effectively test a website or app with real users. But be careful, if your MVP is too minimalist, it could torpedo your company’s future.
Failure gets a lot of praise in the tech world. It’s a great learning experience, it’s a vital growth opportunity, etc. But nobody celebrates the actual event. Recently several entrepreneurs in New York City got together to do just that, holding the inaugural Startup Funeral to honor the memory of three dead technology companies.
It’s like a harmonic convergence. Startups need workers, and the largest generation ever born in America — the Millennials — is desperately searching for work. But as every startup knows, it’s never as easy as all that.