#Startups think of the value prop as the next thing you say after the attention grabber.
It's something like: “We help (person) in the (industry) solve (pain/need) by (benefit). We work with (customer) who has (results)"
But value prop is actually a much deeper concept👇
1/9
Of the all the elements, an early-stage #startup customer value proposition is without question the most important. 👇
2/9
Your Value Prop is so important to properly understand because it is the business model attribute that drives technology, operations, marketing, profit formula. 👇
3/9
To survive your value proposition needs offer a sustainably differentiated solution for strong, unmet customer needs. 👇
4/9
The strength of your value proposition does not come from how eloquently you can articulate and put words together into a sentence. You need to validate the following beliefs. 👇
5/9
We believe that we…
- are addressing jobs that really matter to customers
- are focused on pains that really matter to customers
- are focused on gains that really matter to customers. 👇
6/9
Value Map
We believe…
- our #Products and services really solve for high-value customer jobs.
- our #Products and services relieve top customer pains.
- our #Products and services create important customer gains. 👇
7/9
#Startup founders should worry less about articulation (which is about pitching) but understanding. 👇
8/9
Trust me, if you understand your customers first, you will know EXACTLY what to say to them.
9/9
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Personality traits have a statistically significant relationship with your #startups valuation outcome:
Not charisma
Not consensus builder
Not control freak
Not headstrong
Not introv
Not judgmental
Not overconfident
Not perfectionist
Not resilient
Not risk averse
Yes methodical
Above is a from a study by Tom Eisenman from HBS, he adds an important note "While some of the attributes of founders listed above had a statistically significant relationship with valuation outcomes in bivariate analysis, none of them were statistically significant predictors in
multivariate regression. Put another way, it seems that a wide range of different founder types can succeed. And..