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The 50 Percent Rule

If 50% of customers return your call, you have found the monetizable pain and a potential beachhead for your product.

If it is less than 50%, the low response rate may mean that you just haven't found the right customer niche or the right words to describe the pain to the customer. By talking to the customers who do respond, you can find clues about where to find the real monetizable pain.


543 reads


Solution Test

Partner with your customers, usually through a pilot program, to take your solution through a final round of iteration to refine it into the solution customers want. At this point, your customers should be willing to begin paying for the product. You should begin closing paid pilots or be selling...


273 reads

Phase 3: Nail the Go-To-Market Strategy

The goal is to understand the process by which customers find out about and decide to purchase our product and to use our findings to develop a repeatable sales model and optimize our marketing and sales strategy. We should be continuing to explore and validate price points while closing paid pil...


272 reads


When it comes to the image you create as a startup, once you start selling, go big or stay home within the niche you have targeted. This doesn’t mean you have to burn all your capital, but you do want to communicate that you are established and reliable when you start trying to capture the early ...


229 reads

Motivation Trap

Sunk cost leads to irrational decision-making. when entrepreneurs stake their hopes and dreams on a startup, the resulting motivation can make it all but impossible for them to learn in an intellectually honest way - overconfidence trap: research shows experienced individuals tend to be overconfi...


1.03K reads

Steps To Nail Customer Pain

  • Write down a monetizable pain statement - A monetizable pain represents a pain that customers recognize, have money to pay for, and are overly interested and eager to solve.
  • Write down a big idea hypothesis - An idea for a solution to the pain you ...


557 reads


"Since only one in every five to ten ideas works out, the strategy of limiting the time we have to prove that an idea works allows us to try out more ideas, increasing our odds of success."



472 reads

Phase 4: Nail the Business Model

  • Your business model is the map of how you create value and deliver it to customers. In this phase, we will conduct financial analysis to verify business viability, launch your product and go-to-market strategy, and then develop a dashboard to monitor your progress forward.


212 reads

Familiarity Trap

Recognize our weaknesses and blind spots. We tend to try and reuse ideas from other settings that may not be appropriate.  For example, A CEO with a marketing background may see the world through the lens of the "go big" marketing blitz strategy.


986 reads

Map the customer-buying process

The customer buying process is the map of your customers' activities from the moment they find out about your product through the purchase and use to the ultimate disposal of your product.

It is defined by the job your customer is trying to get done and all the relevant activities that sur...


238 reads

Established Markets

Established markets are markets where products exist and where you intend to compete by offering a product that serves a niche within the existing market or is a complement to an existing product.

Consider attacking the low end of the market first. Customers at the top of the market aren't ...


189 reads

Steps To Nail The Solution

Write down a MFS Hypothesis

The minimum feature set represents the smallest, most focused set of features that will drive a customer purchase.  There are a few tests that can be conducted:

  • Test 1: The Virtual Prototype Test
  • Test 2: The Prototype Test
  • ...


423 reads

Phase 2: Nail the Solution

In this stage, you cultivate a minimum feature set that you develop iteratively while validating with customers.

As you iterate, in addition to refining the solution based on customer feedback, you should be improving your understanding of the market and defining the best segment for an ini...


417 reads

Phase 1: Nail the Customer Pain

The goal of this phase is to clearly define and understand the customer pain and determine whether the customer pain is a market opportunity.

The test of nailing the pain is whether customers return your cold calls. In this first step, we want to answer the question "Is this a pain worth so...


697 reads

New Markets

New markets are created by a disruptive technology that serves new customers or an opportunity that was previously unnoticed or underserved. Whether or not it is a new market doesn't necessarily depend on your technology or product, but rather how the technology or product is applied. For example...


195 reads

Develop a Sales Model

Look for leverage points within the buying process at which you can influence customers' purchase decisions.

Example: Apple didn't just revolutionalize the sale of MP3 players by making a better MP3 player. They also reinvented the entire buying process for digital music, which before i...


252 reads

Phase 5: Scale It

The very process of growing will change your company in fundamental ways that will make what you did in the early days obsolete in the later days.

The process of "nailing it" is recursive.

As startups grow, the nature of how they operate begins to change. As a company grows, a shift o...


207 reads


"Make something people want."



2.73K reads

Cognitive flexibility

It is the ability to recognize new information and then change the way you view the world. It can help you be more agile and beat out your competitors who are stuck in the old way of doing business.


1.24K reads

Defining a Market Infrastructure Strategy

  • Map the key categories of the market infrastructure
  • Identify the top three partnerships in each category
  • Understand the motivations and needs of each player
  • Create measurable and time-bound objectives for each potential partner and a strategy to leverage the infrastru...


236 reads

Pilot-Customer Development

Close and launch paid pilot-customer relationships and utilize them to refine the product, go-to-market strategy, and serve as references.

If you properly nurture reference customers, at the end of the pilot you will have a robust solution, a deep understanding of your go-to-market strategy...


237 reads

Crisis And Focus

Many investors and entrepreneurs will admit that most successful companies faced a crisis before they succeeded.

The value of a good crisis is that it forces you to focus and renew your commitment to make the time to really nail the product and reshape the company.


218 reads

The Three Myths of Entrepreneurship

The Three Myths of Entrepreneurship

  • The hero myth - What does it take to be a successful entrepreneur? We all hear the same list of qualities: passion, determination and vision. But the same qualities that are heralded as traits of the successful may lead to your startup’s demise.
  • The process...


1.52K reads

Avoid becoming a Model, Packrat, or Junkie

  • Models - intelligent, well-spoken, credentialed. pays lip service to the process but under the surface believe they already have the answer.
  • Packrats - chases down and tries to satisfy every last customer. unable to fire the customers that distract...


241 reads

Tips For Starting Out

  • Become an "expert-novice": hold knowledge and confidence, but always maintain a seed of doubt and thirst for more knowledge.
  • Reframe your startup's purpose: reframe the purpose of your venture to be learning about what the market wants, rather than proving that your idea works. this ...


753 reads

Evaluating The Pain

Once you've validated a customer pain, it's time to ask yourself "how big is the pain I'm trying to solve and is it worth it?"

Many entrepreneurs we have talked to discover a customer pain, build a solution for the pain and then realize after the fact that they are actually tackling a rathe...


430 reads

Discuss potential solutions with customers

Detach yourself from your biases, get on the customer's side of the table, look at the problem from their perspective, and make them feel that you truly want to learn how they feel about this problem and potential solutions

Do you have this problem? Does this solution solve your problem? Wh...


337 reads

Testing The Price Point

The price your customers are willing to pay is the measure of the degree to which you have nailed the solution.

Breakthrough questions:

  1. "How much would you expect to pay or a solution like this?"
  2. "Would you be willing to prepay for this product?"
  3. "Would you be wil...


311 reads

Core Principles of NISI (Nail It Then Scale It)

  • Get out into the field - Get out of the building, outside the company, outside your circle of friends... validate assumptions like scientists. Don't be attached to your vision.
  • Fail fast and embrace change - Do not waste time pursuing an idea that'...


1.32K reads

The Prototype Test

  • Develop an inexpensive, rapid prototype — something your customers can use and give them a picture of the solution you are proposing.
  • Be resourceful — ask suppliers for samples. Find partners. Avoid investment.
  • Prototype Road Show


337 reads




I’ll sleep when I am dead.

This book will teach you how to create your own startup, nail the problem it solves, and scale it.

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