Maxim Krizhanovski sent me an interesting article today. I’ve read it and saw some real down-sides (as I always knew there were some) of the Lean Startup methodology. I thought it would be nice for you to read them too.

Obeying blindly your hunch towards the lean methodology is a real potential threat about your business. As the authors says – it’s not very possible to find a customer that will pay you to learn from your mistakes.

Here it is…

Fat startup: Learn the lessons of my failed Lean Startup

I found a very reasonable article from Mixergy. The post is about starting your own business without needing an exact idea or cash upfront. The is a video but you have to pay in order to view it. The good news is there is a video transcript in the bottom. It’s a bit longer but it is worth the time to read it.

Here is the exact link: SnapInspect: How To Find A Software Idea And Pre-Sell It Before It’s Built (Without Any Coding Skills Or Capital) – with Sam Ovens

One wanna-preneur asks him/herself such a question each and every day, especially if you really can’t think of a skill or talent or anything at all you posses. It is a rather hard and disappointing answer in most of the times.

Having in mind the above I’d like to share with you a post at Quora that I recently found. It’s great and have a lot to tell to everyone. I hope you like it at least a much as I did. Enjoy :)

 

What is the best business to start with the lowest overhead?

I don’t have a lot of money. I also don’t have any real skills (i.e. video editor, designer, writer, etc.). What kind of business could I create that wouldn’t cost a lot of money?

I have been forwarded to an awesome post about the down sides of dating an entrepreneur. The title is: Do Not Date an Entrepreneur. The point of view of the girl there is very interesting and sound (my opinion). Nevertheless it pretty much depends on the commitment of the entrepreneur. If the entrepreneur is fully committed to the business he/she develops, then yea… lonely and dynamic life is ahead.

Recently this question became a somehow often discussed topic among my social contacts at work. We started talking about what should a new founded company do, what it purpose should be, what the mind of its founders should be worried about. Would it be money, or  changing the world? Should it be a service or a product? Should the revenue be reinvested or not and so on and so forth.

What’s your own reason and plan to launch a company?

After all there’s lots of different reasons to start a company and of course some are more valid than others. Yet it should be your own decision. I am strongly opposing to the affirmation of the thesis that your only goal with your startup company should be “to change the world” no matter what. Well, I maybe got too emotional about a recent post I’ve read. It says: The Only Good Reason to Launch a Company. If you bother to read it, you will find the author swearing in the cause of changing the world and demonizing all the other reasons and possibilities. Frankly, I don’t like that. Why? There’s lots of business which did not “changed the worlds” yet they are successful ventures, making lots of people happy (their customers, their workers and so on) as well as they are profiting well.Should those business seize to exist? Or should people never try to run one as well?

What’s your excuse to go forward with desire and motivation?

As stating the “change the world” goal the author of the upper-linked post seems to try to convince himself in the reason of going on. I shall not question his strong sense though. My point is that as he turns out to be the founder of EverNote (which I like and use) he didn’t change the world so much. What is so “world changing” in one (over-simplified I would say) tool for taking notes? Recently I stumbled upon the Wunderlist and it definitely is times better, more useful and intuitive. Whatever.

Finally my point is that – I guess you should do your business and be ready to work lots and lots of hours for it in order to accomplish your goal for creating it – whatever it is. If you succeed in making at least a dozen people happy that is well enough. If your business succeeds to change your world it still counts as changing the world :) (for the better of course).

Canvas business model generation

In this new post I would like to continue the topic from a recent one (Attending the Cisco entrepreneur institute) and suggest you a way of examining your future or currently existing business in terms of its model, its core values and its ways of spinning the cogs of the whole machine.

I am talking about the “Business Model Generation Canvas” or rather often referred as “the canvas”.

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I stumbled upon one very interesting and very widely discussed question. It gets even more discussed in times of recession. The question was “MBA or Experience?”.  The good thing is that I had the right answer (as I think at least). I got lucky I am listening the Freakonomics podcast kind of often and knowing they had their two-part episode about that question a while ago.

So if you are looking for the answer of that question too, swing by the answers.onstartup.com page with my answer and follow the links to the episodes there. And don’t forget to leave your vote on my answer, ok? :)

cisco

One of the great things that happened to me recently – yeah, I attended a course of Cisco Entrepreneur Institute in its Bulgarian licensed representative Entrepreneurinstitute.eu. The name of the workshop (their word for the course thing) was “Growing a business“. With one sentence this workshop set my mind straight and showed me what I had to do with my ideas and what should be the right steps doing those things.

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image source http://www.simb.net/

I heard of a cool and strange word from a friend who on his behalf heard it from some friend of his. Long story short, the word is “httpster”. I thought it was an original creation of the friend of the friend, but I was misled (by my own pitiful self :) .

The definition of httpster

Actually there is a definition of this word in my beloved Urban Dictionary. Please, enlighten your self. :) Yeah, funny, isn’t it?

Particularly I enjoyed that part:

Hypertext Transport Protocol runs in their veins - mostly of the html5 variety, kept on constant supply via a smartphone.

 

TheDoOverGuy

My task today is to tell you about a podcast that changed my life for the better. I began listening it because I heard about it from a close friend of mine. I just gave a listen to one episode on my friend’s phone and that was all I needed to know. I just went, installed the application (BeyondPod)  found acceptable for my needs ( I use the Android OS, not like my friend’s OS X, so I couldn’t ask him for reference about that). Then started downloading an episode after episode.

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