Career - Deepstash

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Career

207 STASHED IDEAS

  1. Who can I serve? The real boss in your startup is your client because they are the ones who decide if they buy from you or not.
  2. How can I serve you? This means designing and developing a product that corresponds exactly to what customers would value having.
  3. What is the value? Value is not a monetary amount, but the satisfaction someone feels using your product. Yes, this implies that the value is merely subjective.
  4. Are you doing it for them? Unless you already know who your customer is and the type of product they might value, there is no way to answer this question.

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4. Price Skimming

Price Skimming involves setting prices high while competition is low, during the introductory phase. Prices can then be reduced to stay competitive as competition increases.

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The rate at which knowledge is becoming outdated is predictable and growing exponentially. For example:

  • Two surgeons found that half of the facts in surgery become false every 45 years.
  • In the 1980s, bacon, butter, and eggs were three of the worst foods you could eat for your heart. Now, many argue they are healthy.
  • Artificial intelligence, app development, social media management, YouTube content creation, and online course creation barely existed fifteen years ago.
  • Entrepreneurship classes taught to spend hundreds of hours creating in-depth, heavily researched business plans. Now, they are taught NOT to do business plans, but to focus on talking to customers and using lean startup principles.
  • We forget nearly everything we are exposed to over time without reinforcement.

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