Most business ideas don’t pass this test
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- čas přidán 1. 06. 2024
- Slidebean can help validate your business idea with our:
► Lean Validation Board Template and other tools
► Startup Business Validation Lessons
► Startup Community Events
& more…
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We made sure Slidebean passed this test before we started building. Long before Slidebean existed, Trevor Owens co-founded a company called Lean Startup Machine- looking to help startups get started- with CZcams videos and stuff.
My co-founders and I actually printed one to de-risk Slidebean back when we were brainstorming ideas for our business. We actually printed one out, full size, and put it in our office, post its and everything. We’ve been recommending it to our customers for years.
It’s pretty cool to meet someone who unknowingly has had such an impact on your own business. Trevor has now moved on to other projects, and so I wanted to get his blessing on this.
This is the Lean Validation 2.0, Slidebean’s own version of the original board, with some tweaks and changes based on what we’ve learned so far.
In this video, I want to show you how it works.
Download the Lean Validation Board 2.0 ► yt.slidebean.com/nhm
Grab a physical 24x36 print of the Lean Validation Board 2.0 ►
$25 - yt.slidebean.com/t8v
Subscribe to our FREE weekly startup newsletter ►yt.slidebean.com/zvg
About Slidebean
Slidebean is a platform for founders to scale their startups. Our platform offers everything you need to build your startup, your pitch deck, set up your company, and start gaining traction.
Our team of experts can also help you write and design your pitch deck and build the financial model for your startup.
#startups #slidebean #leanstartups #validation #businessideas
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Caya
Twitter: / cayahere
LinkedIn: / caya - Zábava
Download the Lean Validation Board 2.0 ► app.slidebean.com/documents/6179a66d5f9cc70024c625a5/?
this link is not directing me to the download page
I’m amazed you validated your hypothesis that people hate PowerPoint. I’ve been in tech for over 20 years and worked with thousands of individuals. I’ve never met one person who hates PowerPoint, the app itself. Sure people hate bad presentations… bad slides or poor delivery but not the app itself. When people say they hate PowerPoint they usually mean they don’t like boring corporate presentations of 200 words crammed onto one slide (which is not the fault of the app).
Exactly what I was thinking. I’ve used PowerPoint since elementary school. Not a single issue. MS Office is ubiquitous in most businesses and academia. No reason to switch unless you’re gonna use G Suite which you can use for free or close to it.
Caya your timing is impeccable. Much appreciated thanks man.
You're welcome, Chris! Glad to help man
Slidebean, have you considered helping startups for equity (after evaluating them) ?
@@slidebean Caya I visited your amazingly beautiful home country of Costa Rica 🇨🇷
“Pura Vida”
You've touched one of the most underrated things in the business world. Keep up your good work...
I am curious if you used a lean validation board to validate if you needed to create a new lean validation board?
Leanception
He probably did lmao
Lol
lol
🤯
OMG.. a little off topic however, that wall in the BG is brilliant! Was a little lost for why there were holes everywhere till I understood you can place shelves anywhere. That's great! So useful for a startup too.
One of the best channels for pratcitcal real-world startup tips! As always thank you! I'm sure to get a subscription some day when I need to create presentations again.
Amazing video, im going to print this board asap. Funnu thing, i just got back form a investor meeting and is really looks like we are getting funded, im having a amazing day haha
Congratulations! Hopefully this will help you have everything rock solid!
Congrats!!!
congrats!
@@slidebean This wil definitly help a lot! Especially with getting the 2 potential new team members up to speed with lean development :)
How did it go?
This is amazing and well explained Caya. Thanks a lot
Really, Happy to watch this Thank you for this
Damn, I wish this video was released last week or I should have waited until this week. I had send out a product validation survey to Backstage with Millionaires CZcams Channel and they posted it on the Community tab. I got amazing responses and feedbacks! I could have tweaked that a bit from this video but nevertheless I got good feedback for the product I am working on.
Caya and Slidebean team if you are reading this. Could you do something similar to that for Slidebean members only? Like posting a budding entrepreneurs market validation surveys in the community and people of Slidebean CZcams followers could answer the survey if they are interested in the product.
After watching this video, it made me think if you have so many assumptions and doubts about your product, then what's the point of starting a company?
What I believe is, clear on the idea and then think of starting a company. It will make your startup journey a lot easier.
your idea might be clear to you, but who can predict the reactions and pain points of all the people you target? this just says "do market research" on a fancy poster ...
@@xilw3r You expect to be spoonfed all the info on a single chart?
This is very informative. This is a nice and organized workflow to manage thoughts about the company.
Lovely content as usual
Gracias por el vídeo, Caya!
Super insightful
Effing GOLD! 🌟🌟🌟🌟🌟
This seems like a shortened version of just rethinking "who? what? when? where? why? how?" as you scale from idea to company. Would you agree?
Who (Who is the target audience?)
What (What is the solution?)
When (Is now the right time?)
Where (Mobile, Web, Extension, Offline)
Why (What is the pain point?)
How (How can you build this solution?)
Reordered as:
Why (What is the pain point?)
Who (Who is the target audience?)
When (Is now the right time?)
What (What is the solution?)
Where (Mobile, Web, Extension, Offline?)
How (How can you build this solution?)
I’m curious to find out about the validation criteria quota. What are good benchmarks ?
All ways love the content keep up the good work. But having no luck with slidebeam as well 40+ business plains/pitch deck companies/freelancers. Its been crazy not making sense why I can have a bunch of VC as well as other investors understanding this project but they need it on paper and want to invest.
But the ones that do business plains and pitch decks don't get it well to put it on paper.
One the first VC talked with warned me it will be hard to find someone that can explain this on paper, later on they wanted to do this so they paid someone to help and still they couldn't do it.
Do we not consider competition in the lean validation board?
What if your service isn't really addressing a pain point but is helping customers make money in a way they hadn't considered? Is the process still the same?
Would you consider a 27% conversion rate at the beginning when you're asking people about the idea to be strong enough to build a MVP? or should we aim for a higher percentage. Also what would your guess be for industry standard (if there is one) in terms of conversion rates? Thanks
i would put it at the sample size , not the percentages first.
it takes a lot more to it , you are asking sales, if they want to haphazard answer partial question , it's a lot of grit, but a lot of intuition of results
@@mehdizyoutube So you are saying to focus on the people behind the number? 🧐
Depends how high your customers acquisition cost is in my opinion and margins you make some things I sell are difficult too close often 27% isn't too bad but I don't know all the details
Must needed video
I think it could be a great tool in addition to the Strategyzer methods.
Hey Caya, if we have a paid plan, where is the form to ask for a printed version of the board? :)
In the description 😀
@Caya I think I checkout to download the sheet is broken. I'm unable to download the document. It keeps on navigating to the plan selection. Please fix this.
Slidebean, have you considered helping startups for equity (after evaluating them)?
I want to ask, let's say you have 3 core assumptions and 2 of them are already validated, then if there is 1 last core assumption that failed to be validated, then you change the audience/pain point, do you need to revalidate the whole assumption? since different audience means a different answer to the other 2 assumptions
Hi, I am not able to download the digital version
Super as always! But please next time use a silent marker pen as the noise of the marker scratching on the paper triggers me.
Dude, how long does ir take from idea to a video like this to come out?
About 4-6 weeks from idea to release.
@@cayahere hats off to you and the team!
Starting from zero, how do you get 1k+ folk to give me feedback on an assumption? Thinking cold calling, cold emailing is just going to get ignored. Thanks in advance
Gonna design and build this into figma
What’s the difference between this and PMF?
Can this tool work for service based startups?
Following
should calll it the 'bean validation board'
🤯 how could I not see this
I have an idea
I have a starting team who are willing to build it
What do I do next?
This video is basically the answer
How about a new LinkedIn..??
greate video
MVP in 2022 is a real functional product. Take firebase and build it in months. A fake signup button or customer feedback on the idea is an old-school concept.
Wrong.
‘Months’ is too long.
👏🏼👏🏼
1:42
Here before 1k views woohoo!
Wooohoo!
ok some hipster doofus wants money to fund a startup and his first words are "its 70 percent doing and 30% thinking.." as an investor i would be out and so would anyone not keen to lose their hard earned money! ... HA... back to school
normies. marketing. thin product. indefinite optimism. weak sauce. low conviction.
I have never understood the need to validate your thought process of a new business idea with other people.
Firstly - people have biased opinions, and their answers change with change in product pricing.
Secondly - you would intitutively know if there is an actual demand for this product or not... or it's just a play of your empty mind.
I attest that this board is effective. This video reminds me of that single e-mail sent from Slidebean, and of course I answered that my company is struggling in fundraising. Fast forward several weeks, after that Slidebean released their investor finder feature. My immediate thought when I got that list was: this is awesome.
Fast forward until now, in learning and struggling to make my company to be my priority, I haven't actually used that feature. I'm still conflicted in whether I need to follow the lessons that fundraisers always need a warm intro in e-mailing investors, or whether I can trust this tool, whether this tool is accountable. I'm certain that you're going to do another survey to learn whether the investor finder is a good feature or not. A video comparing the successes of those who only followed your suggestions of warm intros, those who only used the investor finder, and who used both, will help you to move up your subscribers's learning curve in fundraising. For me, I need to use that feature again because the last time I used it, after seeing the industry category of the only investor I found, I'm disheartened to see that we don't belong in the same category of industry. We instead continue our fundraising from family and friends, which luckily succeeds. However, in the longer run, I still need to see whether I can trust Slidebean's suggestions of investor contacts -- it's a matter of accountability.
Please nail that -- coming from a fan.