So, what does the 10% know differently 🤔
So, what does the 10% know differently 🤔
This is the saddest reality that no one can deny. You might not be familiar with this because all we hear in the media and newspapers are those success stories about acquisitions and exits that left the founders a big bag of money, luxury cars, private jets and mansions.
Well, those are just 10% of the total hustling entrepreneurs who fail in their attempts every day.
Statistically speaking, from every 10 startups, only one will make it out alive and statistics rarely lie. The reasons of why people fail have already been researched by CBInsights listing down the top 20 reasons were "market need", "run out of cash" and "wrong team" ranked at the top.
For me, I asked a different question that leads us to whole different research.
Instead of asking "why 90% of startups fail?" we flipped the question by asking:
What does the successful 10% knows differently?
Workbooks And Exercises
7 phases to help you build, grow and scale your startup
MINDSET - IDEATION - BRAND - TEAM - EXECUTION CULTURE
Setting the foundation for your idea which includes setting up your mindset, ideation practices and team alignment. Entrepreneurs will exit this stage achieving "Idea-Founder" Fit.
1. Introduction
2. Generate your idea
3. Formulate your problem
4. Evaluate your idea using Risk/Reward
5. Experiment 1: Test your idea
6. Evaluate Idea-founder fit
7. Find your co-founder (optional)
8. Evaluate team alignment
9. Split the pie
10. Sign Commitment Declaration letter
11. Experiment 1: Test your idea
12. Prepare execution system
