If 2020 was your year of complaining you truly missed out on the ability to start some thing without
1)A VC
2)Build a Nocode product
3)Engage with millions 4 free
4)launch in under $500 & scale
5)Go global
6)Diversify your income
7)Have a side hustle by using other ppls channels
Other people's channels are interesting if you have your eye on the unusual. Like when The Queen's Gambit came out on Netflix, the popularity of chess skyrocketed.From 200%+ jump on searches on eBay to online chess platforms seeing a 40% rise.With over a Billion app downloads
The game became a sleeping giant. The show came out in October if you are some one who follows trends you saw a spike and you capitalized. If you didn't here's where u start looking for trends. Trends.google.com and an other place
if you are serious about trends Is reddit. Likely a post later on how you can see growth in subreddits and use it to do near free market analysis of trends. The point is, are you really contextually aware?What are you doing to build on the back of what's out there.
It's faster to test on other peoples distribution channels and marketing storms. Look for other people's spend in a vertical where the market making is happening to educate the consumers and launch something in that niche piggybacking on some one elses ad spend/education spend
Money is money. If it's based on an original idea or not it doesn't change the value of ur $s. If it's smart and u can make it repeatedly then you have better leverage. Don't be hung up on the fact that the best ideas may not come from you. So long as what u do is legal be happy.
There are no short cuts but there are accelerants. There are also adjacencies, where u look for use of your product or idea in an adjacent market. Or borrow some thing from it for your market. Take a look at Ikea. They saw the need for us to organize our lives in the living room
When Ikea chose to address the cluttering issue of components, gadgets and wires in our living rooms by building furniture that accommodated all the TV componentry, they weren’t moving into the television sector or even into retail electronics.
Instead they had found a way to enhance the value proposition they were already famous for: functional home furnishings. Next we look at every ones fav brand to study. Apple. They did some thing very interesting to disrupt traditional retail.
“The Apple Store really didn’t invent anything new other than an entirely new way to deliver value through a compelling customer experience.”The shift worked because Apple chose to pursue an adjacency strategy with a very clear agenda – to disrupt the business in order
to get even closer to the customer and to have a level of control over the relationships that did not – could not – exist under the historic distribution model. If you’re not entering a market or even a different part of your current market to change it, you’re
simply entering it to fill it. A market that’s untapped by you is not, by presumption, an untapped market overall. Most markets are full enough already with companies that have a home-ground advantage. And if indeed it is a totally empty market, then
there’s probably a very good reason for that. No-one wants to buy. Unless you are having a google or whatsapp moment and you create new organic value. In the mean time u can explore simpler constructs and have the ability to create a product or service to be a side hustle.
So where do u start? Not by complaining for sure but by looking at data. One of the most interesting developments to come out of the boom in data is that you can now pursue ‘radical adjacency’. You can use what you now know about customer patterns and priorities to prosper
in what have historically been separated and divergent markets purely because we now understand customers that well, bonus: the data no longer is entrenched within large firms. So if you choose to look for data and in turn patters you could build some thing based on your insights
I want to help new founders get off to the right start in 2021. Be a deliberate thinker & actor. Don’t react- pro act. Pre empt. Have a model of how you think positive outcomes work. When data stops meeting reality. Re calibrate. Be intentional. Build frameworks act on them.
What is it that will make a Prosumer Product say product X successful?Is there a gigantic white space for it to succeed? Why doesn't any thing exist in the space? If you operate like this and have some thing viable to show for it we are in business.
I’m increasingly interested in startups that are like hybrid dev shops for a particular industry or sub-industry. The food verticals are all primed for growth.The national craving for $earnings should incentivise local players to start looking at export validated by local growth
If you think startups get over night success, re evaluate your thinking. If you are frustrated to read all the stories across twitter etc over how people got in on AirBnB,DoorDash & the Slack IPOs it didn't happen by being on the sidelines.Invest now in Pakistani tech startups
or forever hold your peace. We are at an amazing cross roads where technology continues outperform and eat traditional investment opportunities globally. Tech will also solve for many troubles that Pakistan faces today. Invest in the young talent that will solve for the new PK.
To grow with the startups you have to grow the ecosystem. If you only engage in coffee banter; discussing why startup A will fail & why startup B will fail, all you're doing is working against your self & the ecosystem.This is the new world. Data isnt the new oil, it is the water
Thanks @jehan_ara this is always a two way street. You get what you invest in. I have been exceedingly lucky in having some of the best mentors one could ask for. blog.chinookstrategy.com/on-being-so-fo… If you are so inclined you can read more about that here, notwithstanding some lessons
A great mentor is more beneficial than first money or any money in. Look for mentors who prioritise your successful outcomes vs their social media updates. The same test applies to all things in life, if you are going to help some one make sure you leave your camera at home.
Any one who you respect can be a great mentor if you look up to them first because of the individual traits they have vs how $ successful they are. Most folks make the mistake of looking for mentors or seeking help from those who are more socially mobile or visible or rich.
Technology ≠ Transformation. There is no 1 to 1 corelation between having good technology & being able to transform your organization. In some cases if you have too much work happening under the hood, aka tech you are likely trying to leap to digital from a vastly analogue world
The real villain that most Csuite folks dont get is, Technical debt.Everyone in tech wants to tackle it but nobody plans to tackle it in the Csuite. That because the common misconception is that hire more people build more software, launch more apps, all will be well. Sadly not.
How many times have you seen seen any parts of time/budgets reserved to pay back an orgnanizations technical debt. So before we jump into further mechanics of what the problem is and a likely solution, here is what technical debt means.
Digital transformation as a service. Has the time come? I'm fairly confident that transformations time has come at large to be offered as a service. From process to operations to change management. Digital is a small construct in the large scheme of things. Digital enables it.
The issue with transformation is, It is painful. For all parties concerned. The folks who end up being blockers of new process n transformation agenda either succeed or die trying. But with that push n pull the disarray caused in any organization is akin to a toxicity shot.
When u inject any thing its reaction time is faster than taking oral drugs. Hence if u don't manage the toxicity element as an outcome of the change an organization is going through, either your process vitals will fail or you will need so many steroids to recover
Companies like countries can't run on dumb people. A company is typically a microcosm of a country & its people. If you expect certain out-of-the-ordinary characteristics in a company that aren't true to your country you are in for a surprise.
It's akin to praying for a diff outcome when u know it's not possible. No country can escape poverty with bad economy, A working economy is a developed economy. You don't grow companies by saying "pray for xyzs growth" why do the same for your country? It has to start by stopping
That's counterintuitive how can u start something by stopping. It's simple just like we must stop hiring dumb folks in companies we must stop voting dumb people into government. When shit happens, they'll say "pray for PK" prayer isn't the way out of poverty or unicorns.