Startup minimum viable product

Version 1.0 – Why Entrepreneurs Should Launch “minimum VIABLE products” not “MINIMUM viable products.”

In 2011 Eric Ries rocked the startup world when he popularized a new approach product development in his book, “The Lean Startup.”  Core among the principles he espoused was the philosophy of pursuing a faster launch to market with the simplest, most direct and core product possible – or what he calls, the Minimum Viable Product.  A MVP is designed to be iterative in nature and encourages innovators to include only the absolutely required product features at the time of…
Business plan writing

Making the Case for the Fading Art of Business Plan Writing

This newest wave of startups entering the market is bringing some revolutionary changes in how we view or expect the process of launching a company to take shape.  Entrepreneurs are evolving to meet these expectations – but as this evolution takes place, it’s only natural to wonder if every new process we are creating, and all of the legacy processes we are leaving behind will cost us in the long run?   More and more lately there is an emerging…
Startup scene 2012

3 (correct) Predictions Saved By the Bell Made About the 2012 Startup Scene

1)   wake-up 2) shower & get dressed 3) make a bowl of cereal 4) watch 1 ½  episodes of Saved by the Bell 5) leave for school   Over my middle school and high-school years, I must have repeated that 5-step morning ritual close to 1000 times.   For many of my fellow “80’s babies” out there, Saved by the Bell (SBTB) was an instrumental part in (mis)shaping expectations of what life was like in high school. The reality is that…
Ghostbusters and startups

3 Lessons Every Entrepreneur Should Learn from The Ghostbusters

The expertise and insight needed to successfully run a new business can come in many different forms and from many different places – oftentimes the most insightful lessons can come from places where you least expect them.   We all know the usual places that entrepreneurs go to get the guidance they need to launch their startup – TechCrunch, Mashable, Fast Company, BusinessWeek, HBR and a host of local gems (like Built-in-Chicago) – but what about the less-than-obvious outlets of…