Evolutyz Corp’s Post

Ever wondered why some 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 soar while others plummet? It's not just about the 𝗶𝗱𝗲𝗮. It's about the 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝗼𝗻. Enter 𝗦𝘁𝗲𝘃𝗲 𝗕𝗹𝗮𝗻𝗸's game-changing approach: 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁, paired with the concept of a 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗩𝗶𝗮𝗯𝗹𝗲 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 (𝗠𝗩𝗣). Picture this: A 𝘀𝘁𝗮𝗿𝘁𝘂𝗽 𝗷𝗼𝘂𝗿𝗻𝗲𝘆, not dictated by 𝗴𝘂𝗲𝘀𝘀𝘄𝗼𝗿𝗸, but driven by 𝗿𝗲𝗮𝗹 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸. Before you even think about 𝘀𝗰𝗮𝗹𝗶𝗻𝗴, you're out there, 𝘃𝗮𝗹𝗶𝗱𝗮𝘁𝗶𝗻𝗴 your 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗵𝘆𝗽𝗼𝘁𝗵𝗲𝘀𝗶𝘀. It's not about what you think they need; it's about what they tell you they need. The 𝗠𝗩𝗣? It's your 𝗿𝗲𝗮𝗹𝗶𝘁𝘆 𝗰𝗵𝗲𝗰𝗸. The bare minimum to get 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗳𝗲𝗲𝗱𝗯𝗮𝗰𝗸. It's not your final product; it's your 𝗹𝗲𝗮𝗿𝗻𝗶𝗻𝗴 𝘁𝗼𝗼𝗹. But here’s the twist – it's not just about 𝗹𝗶𝘀𝘁𝗲𝗻𝗶𝗻𝗴. It's about 𝗮𝘀𝗸𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗶𝗴𝗵𝘁 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀. And not just any questions. Questions that 𝘂𝗻𝗰𝗼𝘃𝗲𝗿 𝘁𝗿𝘂𝘁𝗵𝘀. That 𝗴𝘂𝗶𝗱𝗲 your 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁. That 𝗽𝗶𝘃𝗼𝘁 your 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 towards 𝘀𝘂𝗰𝗰𝗲𝘀𝘀. Why do so many skip this 𝗰𝗿𝘂𝗰𝗶𝗮𝗹 𝘀𝘁𝗲𝗽? They're racing to 𝘀𝗰𝗮𝗹𝗲, blinded by their own vision, missing out on the 𝗴𝗼𝗹𝗱𝗺𝗶𝗻𝗲 𝗼𝗳 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 that could pivot them to success. But here’s the twist – it’s not just about listening, it’s about 𝗲𝗻𝗴𝗮𝗴𝗶𝗻𝗴 𝗱𝗲𝗲𝗽𝗹𝘆. Not just any questions will do; we need the ones that 𝗱𝗶𝗴 𝗯𝗲𝗻𝗲𝗮𝘁𝗵 𝘁𝗵𝗲 𝘀𝘂𝗿𝗳𝗮𝗰𝗲, 𝗴𝘂𝗶𝗱𝗶𝗻𝗴 our 𝗽𝗿𝗼𝗱𝘂𝗰𝘁 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 and 𝗽𝗶𝘃𝗼𝘁𝗶𝗻𝗴 our 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 toward success. Why do so many overlook this 𝗲𝘀𝘀𝗲𝗻𝘁𝗶𝗮𝗹 𝘀𝘁𝗲𝗽? Often, they're in a hurry to scale, blinded by their own vision, and missing the 𝗿𝗶𝗰𝗵 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 that could steer them towards 𝘁𝗿𝗶𝘂𝗺𝗽𝗵. If you're as intrigued as I am to explore deeper into 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 and to craft 𝗠𝗩𝗣𝘀 that truly 𝗿𝗲𝘀𝗼𝗻𝗮𝘁𝗲 with the market, I’d love for us to 𝗹𝗲𝗮𝗿𝗻 𝗺𝗼𝗿𝗲 𝘁𝗼𝗴𝗲𝘁𝗵𝗲𝗿.

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𝐅𝐢𝐯𝐞 𝐓𝐢𝐩𝐬 𝐭𝐨 𝐁𝐮𝐢𝐥𝐝 𝐚 𝐔𝐧𝐢𝐜𝐨𝐫𝐧 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝐌𝐢𝐥𝐥𝐢𝐨𝐧-𝐃𝐨𝐥𝐥𝐚𝐫 𝐁𝐮𝐝𝐠𝐞𝐭 Nine of every ten science and technology companies fail. It’s not that you haven’t got a good product, it’s not that there isn’t a good market out there for your product, the odds are heavily against you succeeding simply because you don’t get enough market demand quickly enough in the time you have available before you run out of money. Here are the Unicorn Builder’s top five tips to market success, without spending a fortune. 1️⃣ Before building, validate, validate, validate Don’t build anything before you have determined there is a sizeable demand for what you intend to develop. Getting potential customers to evaluate whether what you’re developing will meet their needs is a vital part of getting closer to product-market fit, that point where your startup takes off. 2️⃣ Create a compelling story Investors say the skill founders most have to master is the ability to tell a compelling story of why their startup matters. Whether to win customers or get investment, the story of your company should inspire, excite, and create emotion in all that hear it. 3️⃣ The money is not the prize Don’t think of investors as simply providing the funding that you, invariably, are so desperate for. Think of them as the missing piece in your senior leadership jigsaw puzzle, the provider of skills, experience, resources and connections to the market that can take you from where you are now, to where you need to be. 4️⃣ Don’t rely on spraying and praying Who can afford to bet the future success of their innovative company based on odds of 6,000 to one? Yet, this is what’s happening if you follow the traditional approach of emailing a pitch deck and business plan to all the investors you can find. 5️⃣ Chase the market, not the money If you’ve got a product that the market really needs, market it in the right way, and have customers queuing up to get it when it’s ready, investors will find you. To read the full article, visit https://zurl.co/kYLs If you’d like to find out how close your startup is to achieving success, take this short quiz to chart the actions you need to take to get ready for take-off! - https://zurl.co/Dcwa #entrepreneurship #startups #innovation #founders #technology #buildaunicorn

Why Do Some Startups Fail and Others Become Unicorns? In the startup community, it's evident that people often come up with similar, sometimes identical, ideas. Yet, some succeed while others fail. It's clear that success isn't solely about the idea. 💡 As in any other activity, perseverance is key. 🗝 You may be lacking experience, members of staff or funds. However, if you have a reasonable plan with milestones that keep you on track, more than half of the job is done. Experience is being gained, staff and partners will tag along if you have the right dedication, and investors really value a good plan. 📋 A good plan, incorporating risk analysis and mitigation measures, allows you to minimize the emotional aspect, which is notably intense when starting your own business. Planning and analysis are the key aspects of business management, some call it gut, some experience, but it all comes down to those two aspects. From my experience, I've observed startups re-emerge in the market after pivoting their activities. Ask yourselves the hard questions: 1. Is my business dependent on external technologies? What happens if they stop licensing or raise their prices? Do I have an alternative? 2. Are the processes in my business dependent only on me? Can I automate them? What would happen to my business if I was unavailable for a month?  3. Crack the numbers. How many clients / sales do I need to stay afloat? Is the market broad enough?  4. Is my product overpriced ? Can I recover that with the client experience ?  5. Last but not the least - what is my added value ? I think all startuppers have nausea whenever they hear this. In the current market, it’s all about the experience, the pre sale, post sale, anticipation, customer care, how user friendly and quick your app, your selling process is. Do you know why academia often harbors the best ideas but struggles to bring them to market? I’ll quote Steve Jobs here, although not my favorite character, but he was right. You start with the client not the technology. You may have the best technology, but if it's not comprehensible and appreciated by the client, you're going nowhere. Therefore, begin with the client. Start with the people.

It's the most prominent topic when running a startup: How do we achieve product-market fit as soon as possible? If you have it, you know because your product will break down, users will email you if something isn't working, or your product analytics will go through the roof. I stumbled upon an article1 called The Product-Market Fit Game and want to rewrite it in my own words and experience. There are five levels of product-market fit: ❓ Find a significant problem to work on 🗣️ Validate the problem by talking to users 🧑💻 Get users to use your product 🔁 Keep users coming back ✈️ Onboard your first ten feedback customers To win, you must eventually finish all five levels. You must change your company's direction if you need more time to finish a level. If you don’t, I promise you that filing for bankruptcy is your last option. These steps sound so simple, yet many founders desire to skip steps, take shortcuts, or assume they already have all the answers. Maybe you do, but I bet you don’t. ❓ Level 1: Find a Significant Problem to Work On This is the foundation of your startup journey. It's not just about having an idea; it's about identifying a significant problem (painkiller) to build a business around. Here's the thing: many entrepreneurs fall into the trap of creating solutions for issues that don't exist or aren’t worth someone’s time and money (vitamins). To find a significant problem, you must observe the world around you. What frustrates people daily? What inefficiencies do you see in various industries that could be streamlined or improved? Read industry trend reports and try emerging technologies, as these can often highlight gaps and opportunities that were previously unnoticed. Sometimes, new capabilities create opportunities to solve old problems in novel and more efficient ways. Link to the full article in the comments

🔍 Decision Gates: Your Startup's Secret Weapon 🔍 Turn overwhelming decisions into a strategic advantage with the power of decision gates. Key Takeaways: 1. Clarity and Confidence: Provide clear information and build buy-in step by step. 2. Iterate Based on Feedback: Continually optimize your approach with feedback. 👉 Unlock the full potential of decision gates for your startup: [Learn More](https://zurl.co/84vY) #EntrepreneurSuccess #DecisionMaking #StartupJourney #BusinessGrowth

PITCH DECK POST :-01 A great startup pitch deck is an integral part of launching a business. This deck is presented to prospective investors to convince them to invest and help you grow your startup. The trick to having the best pitch deck possible is to include enough information to explain your goals and methodology without losing your audience’s interest. 1. Problem Slide Your pitch deck should open with a key problem — this is the whole justification for your business and why consumers will find it valuable. A common structure for this slide is to bullet pain points and create a story your potential investors can relate to. The problem slide is the basis for your presentation. Creating a relatable story makes for an engaging presentation that’s easy to follow and understand. 2. Solution slide After presenting the problem, you should follow up directly with a solution. An effective solution slide structure covers current industry solutions and identifies the gaps your startup fills. This slide has a general overview of any proprietary technology, covers basic product features, and includes relevant interface mock-ups to show investors what your product will do for consumers. 3.Market validation slide Market validation is especially important to investors because it shows proof that there are people who will purchase your product. This slide should include any relevant statistics for current sales if your startup has launched or competitors’ sales if it hasn’t. Don’t forget to cover basic information about your target market, their purchasing power, and their habits in your industry. This slide is especially important if your prospective investors aren’t familiar with your product or industry. 4.Market size slide Market size goes hand in hand with market validation. Once you’ve confirmed your target market has enough purchasing power, you need to justify your product’s longevity. Focus on continued sales. The two most common elements to ensure your startup brings in long-term revenue are: A very large market A business model built for continuous purchases (e.g., subscription models) 5.Product slide The product slide is your chance to nail your pitch and sell your vision to investors. This slide should center your value proposition. A popular strategy for this section is to pose a few questions about your industry and show how your product is the answer. Take the time to craft this slide carefully, polishing it up from the copy to design details. 6. Business model slide The business model slide covers how the startup will run and launch its product for sustainable growth. This section can compare your startup to other businesses or use internal data if the product has launched. #BiharHaiTaiyar #StartupBihar #IncubationFacilities #BiharStartups #MentorshipProgram #StartupSuccess #StartupEcosystem #Startup #StartupLife #BusinessStartup #Founder #StartupNation #BusinessDevelopment #ScaleUp #StartupFunding #StartupsEverywhere

Defining Your Goals and Metrics - The Blueprint for Startup Success!  In the fast-paced world of startups, having a clear vision is essential. Defining your goals and KPIs not only creates a roadmap for success but also allows you to track your progress and make informed decisions. 🎯 Clarity and Focus: Setting specific goals provides your startup with a sense of purpose and direction, fostering a cohesive and efficient work atmosphere. 📈 Measuring Progress: Metrics are the yardsticks with which you measure your progress toward your goals, helping you identify areas for development and adapt your plan accordingly. 💡 Decision Making: Goals and metrics enable data-driven decision-making, decreasing the possibility of costly mistakes and increasing the likelihood of reaching your intended results. 💰 Resource Allocation: Knowing your goals and metrics allows you to manage resources more effectively, prioritizing activities and investments that directly contribute to your goals.   📝 How to Define Your Goals and Metrics: 1️⃣ Identify Your Objectives 2️⃣ Set Specific, Measurable Goals 3️⃣ Define Key Metrics 4️⃣ Establish Targets 5️⃣ Monitor and Adjust   Setting your goals and measurements is an important first step toward the success of your startup. It gives you a clear path for your efforts, helps you stay focused and make educated decisions, and ensures that you're making the most of your resources. Follow these steps to set up your startup for long-term success! 💪  #StartupSuccess #Goals #Metrics #Strategy #abhisheksengupta

Defining Your Goals and Metrics - The Blueprint for Startup Success! In the fast-paced world of startups, having a clear vision is essential. Defining your goals and KPIs not only creates a roadmap for success but also allows you to track your progress and make informed decisions. 🎯 Clarity and Focus: Setting specific goals provides your startup with a sense of purpose and direction, fostering a cohesive and efficient work atmosphere. 📈 Measuring Progress: Metrics are the yardsticks with which you measure your progress toward your goals, helping you identify areas for development and adapt your plan accordingly. 💡 Decision Making: Goals and metrics enable data-driven decision-making, decreasing the possibility of costly mistakes and increasing the likelihood of reaching your intended results. 💰 Resource Allocation: Knowing your goals and metrics allows you to manage resources more effectively, prioritizing activities and investments that directly contribute to your goals.   📝 How to Define Your Goals and Metrics: 1️⃣ Identify Your Objectives 2️⃣ Set Specific, Measurable Goals 3️⃣ Define Key Metrics 4️⃣ Establish Targets 5️⃣ Monitor and Adjust   Setting your goals and measurements is an important first step toward the success of your startup. It gives you a clear path for your efforts, helps you stay focused and make educated decisions, and ensures that you're making the most of your resources. Follow these steps to set up your startup for long-term success! 💪  #StartupSuccess #Goals #Metrics #Strategy #abhisheksengupta

Struggling for startup ideas? Steal this 5 Step Framework: 1️⃣ Decide on a group of people you want to help: The first thing you need to do is pick a group of people you actually want to help and work with every day. Don’t underestimate the importance of wanting to work with these people. Don’t put all your time into building an ed-tech business if you don’t want to work with students all the time. Everyone has their crowd. Find yours. 2️⃣ Start talking to people: Find 10-20 people from that group to speak to. If you don’t enjoy speaking with them - lesson learned. Move on to a different group. If you can’t find enough people to talk to in that group - lesson learned. Move on. Now what do you ask them? 3️⃣ Ask these four key questions: 1. What is the biggest problem you have in your business today? 2. How are you solving that problem today? 3. How important is it that you solve this problem (1-10)? Anything less than an 8: “Is there any problem you’re facing that is above an 8?” and then Q2 again. 4. How much would you pay if I could solve this problem? 4️⃣ Look for common answers: If you found a common problem across the group. What are you still doing here? Start building. Build a solution though. Not the landing page yet If you don’t find a common problem - go back to #1. 5️⃣ Circle back to your original interviewees: Set up follow-up calls with the original people you spoke to. Show them your solution and ask if they’d pay for it as it is. Yes? Well done. You now have a business. Sell it to them on the call. No? Ask if there is a specific feature they would pay for today if you prioritized building it. If the answer is still no I would rethink your solution. You may be going the wrong way. If you do find people willing to pay, continue to find more. You have a valuable product. So keep going. If you're looking for more actionable ways you can start, build, and grow your business, each week I reverse-engineer the world's leading startups and give you the actionable tactics to replicate their growth: https://lnkd.in/dWF27FkE