Startup Waste. The list.
1) ELIMINATE WASTE.
2) BY RUNNING EXPERIMENTS.
|The punchline to my opening slide at almost every event I do. This bird is ELIMINATING WASTE in true leanstartup fashion.|
Remember, reward the decision - not the outcome!
Here's a list of things that are wasteful, avoiding them (or at least being mindful of them, is a good decision)
- building something no one wants
- spending time writing copy that no one reads (FAQ, ABOUT US)
- Spending more than 10 hours on a business plan (this is not a forum to debate business plans, the exercise itself has some intrinsic value)
- Spending time trying to raise money before you really need to
- Spending time trying to get press (if it comes to you organically, it is not always a waste EVEN if you are not ready for it - there is some intrinsic value like morale - which is not necessarily a total vanity metric - I've written more about press, HERE)
- Deciding on what language to write your app in that is perfect for scale
- Spending more than 5 hours on a name
- Spending more than 5 hours on a domain name
- Confusing partners and distribution channels with the party for whom you are solving the problem.
- Not being on the same page with your founders (one wants a scaleable startup, one wants a lifestyle business)
This post is sponsored by, the #DEccelerator. The #DEccelerator holds workshops (like DEMOlish Day) and provides funding to teams that are willing to slow down in the beginning and waste less.