@shri_vatz He in-fact already has an exit from the start (which is a danger sign during negotiations).
Either do the call when you feel you have an edge to his edge or use this information to create more USPs no one can outcompete.
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@agazdecki Two important rules derived from this:
1) Starting your process from the customer's problem and not from the solution
2) Profitable Startup = Margin on product x Frequency of Paying Customers.
No customer means no business (just prototype).
@jonbrosio This so true!
I see a lot of founders not evolving their products because of the fear of failing or low adoption.
Truth is "doing nothing" is even a more FATAL type of failure!
There, nothing is gained or learned...
@marcrandolph As a Growth Expert, one key principle to drive startup growth is to be able to test your product assumptions quickly and efficiently.
It takes people with a resilient spirit and agile mindset to evolve their products to meet users' growing needs & match all odds.
People=Growth
@KarthikS2206 Love this!
Here are some other things to consider:
=> Pick an industry that is currently gaining traction (liquidity is key)
=> Create deviations around the current user experience (e.g introduce a niche or a type of tech that adds value)
=> Optimize to sell more at less cost