10x Healthy Business Model
- 10x Problem
- 10x Solution
- Great Single Economics
- Transactions Multiply to a Large Market Size
Have a business idea? Spend 3 days working on these problems, and better 5 more days finding and talking to 20 customers that you most like to go after. These 8 days will be your best investment you ever made.
- Do they have this problem (Yes:9 people No:2 people)
- Do they want a solution (Yes:8 people No:3 people)
- Will they pay the price (Yes:10 people No:1 people)
- Will they buy with these features (Yes: No:)
- Are they any hidden problems (Yes: No:)
- Do NOT use your friends
- Do Not user startup community
- People from your social groups are also BAD because they are likely to be early adopters, and white-colar employee, and college educated; but the majority might not be early adopters and may prefer status quo
- Be willing to pay $25 to $50 for 60 minutes for B2C. $50-$100 for B2B professionals. Paypal, Amazon, iTunes.
- Record the talk. You can project PowerPoint on screen and talking.
Searching for a great business model while employed is great, because of the Negative burn rate.