One of my greatest discoveries over the past decade has been the understanding of the Lean Startup Concept. If you have been following my blog, you will know that I write about this a lot, and for good reason. This stuff is the foundation to my success and diversity in several industries. Eric Ries wrote a book entitled The Lean Startup that lays down all the rules. If you are not familiar with this and have dreams to become a future mogul, STOP EVERYTHING YOU ARE DOING and go read the book now. You can purchase it here.
The Lean Startup: How Today’s Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses
Hopefully you have familiarized yourself with the concept of a lean business model by now and are ready to get your idea up and profitable quickly. I can hear people screaming “I Am Ready” right now. Well let’s go!
The first thing I like to do is identify the items that could get in the way of my 6 digit monthly earnings. Is it a lack of customers? A lack of inventory? A lack of skilled labor to help produce your product or service? Whatever it is, the good news is that there are always options that can solve whatever problem that gets in your way. So take the time to list your roadblocks out.
Following this, you can begin to brainstorm ways to get pass the roadblocks in the way of your millions. Go through each item on your list and draw a line through it once you have come up with an solid plan of action for it. If the ideas are coming slow, talk to your friends, family and colleagues about your issues. You will be surprised at the high calliber people that your friends are able to connext you to. Furthermore, if you talk about it enough, you will realize just as I did that there always obtainable solutions to your biggest problems.
After you have all your roadblocks flattened, it is time to get to the fun part…recruiting fans and possible funding. Now I know a lot of you aspiring moguls swear by your selling skills, and mo’ power to ya for that . but I believe a picture is worth a thousand words and a physical product is worth a million. Take a little extra time and create the cheapest prototype you can to demonstrate your product or solution. I have included several links at the bottom of this post that will help you in creating a prototype. Please do not skip this step because you will be amazed at how much this will motivate people to support or purchase your product. Needless to say, you should show your prototype to as many people as possible . Before long, you will create a mini cult following of would be consumers and investors dying to know the latest and greatest about your product.
As I look at the length of this post I am beginning to fear that this article may be running a little too long. thus, I will continue in part 2 of this post. In the next post I will be discussing inexpensive ways to turn your prototype into a “retail ready” product . As for now, these first few steps should keep you more than busy. If you have any additional questions or comments, please leave them in the comment section on this page. I will be sure to give you all the help and direction that I can.
Low End Version
- Plain Old Paper & Pencil
- http://www.justinmind.com/prototyper/download – Create functional websites and mobile apps with no developer skills
- http://www.sketchup.com/ – Create models of everything from houses to product inventions