Klinik Kewirausahaan. Kuncoro Sejati

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1 Klinik Kewirausahaan Kuncoro Sejati

2

3 What are techniques to build a product roadmap? 3 Prototype 4 Testing & Review 5 Launch Innovation & Continuous Improvement

4 How do you plan to build a product or offering from the beginning?

5 What are common mistakes when building product? Forgoing Simplicity - Building a product is like packing a suitcase: Plan out what you think you need. Then remove half. - Young founders tend to complicate things too much, from structuring partnership agreements, financing, leases, etc. This is not a place to be creative; keep it simple, follow the norms and be transparent so everyone is on the same page. Trying to Win Over Everyone

6 Not Having the Right Co-Founder Starting a business is a lot like falling in love. At first, we tend to see the business and our partners at their best, full of promise, and can't conceive that they will ever be anything but their best. But as in any relationship, eventually their flaws and their failings are clearly exposed. What I have learned is that we need to do a thorough SWOT analysis not only on the market opportunity, but also on our partners. Some faults we can accommodate, but sometimes our partners' weaknesses in combination with our own constitute a deadly cocktail. A key aspect of our personal due diligence is then is assessing our partners, particularly learning how they react under stress

7 Hiring Poorly Don't hire someone till you have interviewed at least ten people for that position. Don't fall in love with anything, and stay objective. Get to know potential co-founders quite well before bringing them on to the team. In all the times I've seen companies fall apart due to co-founder issues, it was in young founders who didn't clearly specify roles and expectations and really didn't get to know each other.

8 Assuming Virality A lot of new founders think, 'If I build it, they will come.' I have news for you: They're not coming and you're not going to 'go viral.' Services don't spontaneously go viral. High virality is almost always the product of early and deliberate product design decisions. Spend some serious time thinking about how and why people are going to discover and share what you're building."

9 Waiting Too Long to Launch Don't underestimate the importance of Minimum Viable Design. Your first product will likely be just a little bit ugly, and that's okay it's part of getting to market quickly and testing your idea in front of live customers. But don't underestimate the importance of achieving a basic threshold of "this looks good (and reputable).

10 Not Embracing Agility Be 'nimble,' 'flexible,' 'speedy,' and 'free flowing.' While it's vital to have goals and a clear vision, to survive and thrive you'll have to keep an open mind and stay agile enough to follow the path where it leads.

11 Guarding The "Big Idea" For young entrepreneurs, it feels like our 'big idea' is all we have, and we want to guard it like a defenseless baby. We also want to believe that no one else out there in the world has thought of our little gem, and if they were to catch wind, everyone will pounce! Ha! First, whatever your idea is, rest assured it's been thought of before. Secondly, an idea is by no means a business... it's everything that comes next that makes a business happen. Execution. And no one else will execute the way you do. Third, you're going to need help and guidance from people who know more and have been there before, so you better get comfortable sharing your 'big idea.'

12 Losing Focus As an entrepreneur, there's a lot going on. You have countless decisions to make, and you have to keep moving quickly. Settling on a clear focus your product, your audience, your strategy is critical from day one. Of course, as you move forward, you must be willing to adapt. But remember to hold tight to that big idea as you go.

13 Obsessing Over Funding If your business makes money, you may well be better off not fundraising, and in doing so, retain control and ownership of your business. And if your business doesn't make money (or have a solid plan as to how it will), then perhaps there are some bigger issues to tackle before you start pitching investors. Many young entrepreneurs think that raising VC money is a measure of success. There is a lot of money chasing bad ideas. The only thing that matters is building a viable, growing and profitable business.

14 Dwelling on Things As a young company, nothing is ever perfect, but if you believe in an idea or strategy, you just need to move forward and manage the logistics and risks as you go.

15 Not Listening to Current (or Future) Customers One of the common mistakes young startups make is developing a product without enough input. As much as you're executing on your vision and keeping things under wraps until launch, engaging potential customers early even when it's just a twinkle in the eye - can help put you on the right path. It also helps validate the demand for your product. Others can help provide feedback on your differentiation or competition. The fact of the matter is, as a startup, you're extremely strapped for time and resources. So, it's that much more important to try to get close to the target around product-market fit and iterate from there. Young startups can fall so deeply in love with their idea, they aren't open to tweeks in the business. If you never get product-market fit, you'll never really have a company (or you'll struggle the whole time).

16 Getting Distracted By Feedback You will have a ton of people constantly sharing their feedback and opinions of your business with you. It's easy to get wrapped up in it and want to tweak things immediately. Keep in mind that people will give you feedback based off of their market knowledge and domain experience it is your job to apply that knowledge to your company without losing sight of your vision.

17 Not Maintaining Relationships Be consistent in your outreach with mentors and other key connectors in your network. Set a schedule for yourself and stick with it, whether it's weekly for your inner circle, quarterly for acquaintances, or somewhere in between.

18 What do you track to measure success? How often do you need to see milestones achieved? What are strategies to estimate time and costs?

19 What do you track to measure success? How often do you need to see milestones achieved? What are strategies to estimate time and costs?

20 Thank you mobile:

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