Bootstrapping for Startups

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Presentation transcript:

Bootstrapping for Startups Jamal Nassar 22.11.2018 INCEIF

Going From Booking to Flying! Which task do you enjoy most? Each task requires a different set of skills and tools They are both totally different experiences! .. It’s not about just enjoying it, it’s about being efficient with it.

Entrepreneurship Mindset Story: Startups are not all fame & glory! Fitri Family Business- Aden Factory (From laborer to finance)

To Be an Entrepreneur Be willing… Be prepared… Be a student…. Willing to Fail… Bank on your startup!

The Team Team that will: - Challenge you Commit with you Bring Value! Different from you ..Q.. How do you hire you’re a team? Co-founders? … It’s a marketing exercise! Network & socialize https://teamsdemo.office.com/

From Booking to Flying ? Launch Testing Validation Prototyping The Business Plan Ideation

Ideation https://twitter.com/caroline_torus/status/527575102645628929 Do you have the right idea? Is it timely? Is it too early? Too late? How sure can you be? Can you get customers? Will they pay money to buy your product? …. https://twitter.com/caroline_torus/status/527575102645628929

Value Proposition!

Ideation Techniques SCAMPER Round Robin: 4 step process Mesh-up Opposite Thinking Mind Mapping Brain Storming …Others S – Substitute C – Combine A – Adapt M – Modify P – Put to another use E – Eliminate R – Reverse

Ideation – Free Tools – Board of Innovation

Market Research

Business Plan Different Models Build a strong model https://en.wikipedia.org/wiki/Business_Model_Canvas

Prototyping https://www.google.com/search?q=product+prototype&num=30&newwindow=1&safe=active&rlz=1C1GCEA_enMY811MY811&source=lnms&tbm=isch&sa=X&ved=0ahUKEwjU9--FneXeAhWFiXAKHf2lDHUQ_AUIDigB&biw=1366&bih=626

https://blog.dragoninnovation.com/2018/03/05/prototyping-on-a-budget/

How complicated is it?

https://martha-eierdanz.com/blog/paper-prototyping-in-practice

Business Process Wireframe UX

Free Prototyping Tools

Validation A/B Testing Perform Research Determine Your Variants Perform the Test Analyze Data and Review Results Make Changes Based on Results Prepare for Follow-Up Tests A/B Testing https://splitmetrics.com/resources/what-is-ab-testing-and-why-it-matters-for-mobile-developers/ http://retail.strands.com/products/ab-testing/

Tools

Top Free Productivity Tools

Traction How do you achieve traction Neon Runners!

Then what? Usability Customer Acquisition Customer Service Feedback Evaluation Modification Improvement

Or…. Outsource!

Technology is Only an Enabler! Remember…. It is only that.

You are the Ecosystem Get connected Be Curious Be Original Listen Address Your Fears Ask Questions! Can you be cured by a sick doctor? Get c Ensure balance in your life, mental, physical, emotional and phycological health Be organic (networking, community, F&F, avoid over spending in Marketing… unproductive activities) Be a force of a change Be curious Embody the values you believe in, in your startup Become a Force of a Change Be Yourself

Raising Funds!

Jamal Nassar Ph. D Trainer & Coach Certified NLP Practitioner Jamal Jamal Nassar Ph.D Trainer & Coach Certified NLP Practitioner  Jamal.b2c@gmail.com 017 611 4090