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My point is, jumping in with vision and method but zero skills results in pretty much guaranteed failure. On the other hand, if you can acquire the skills whil
by swombat 15y ago
My point is, jumping in with vision and method but zero skills results in pretty much guaranteed failure.
On the other hand, if you can acquire the skills while, say, at university, or working for someone else, and then jump in with the method/vision, you'll have a much better chance.
The manner in which you decide to implement your vision will necessarily depend on the skills you have. If you're a programmer, you will tend to dive into implementation first. If you're a salesperson, you'll tend to dive into sales first... etc.
To maximise your chance, you need a reasonable level of skill in each of those core areas, so that you don't avoid obvious shortcuts just because you don't know anything. Some obvious shortcuts that are often missed by people with limited skills:
- building a product for 6 months instead of making a few phone calls and preliminary paper-based demos to validate the demand;
- hiring an outsourcing firm to "build your prototype" instead of rolling up your sleeves and doing it yourself;
- building an unusable or ugly product instead of using a baseline competence in design to create something reasonably ok...
Etc.
Reductio ad absurdum: by itself, with no skills, the lean startup method cannot achieve anything. It assumes some skills. The more skills you have that fit into whatever method you've picked, the higher your chances of success.
If you don't mind needlessly failing over and over again for years, though, feel free to jump right in with no clue what you're doing.
- fedd 15y agoso, that's why first time entrepreneurs need interested advisors / investors! they will provide some lacking experience / skills. the article is really not that pessimistic! :)
- danhodgins 15y agoThe core entrepreneurial skills mentioned in Daniel's article do need to be present in some combination on the founding team. This team could include various blends of founders, advisors, employees, contractors, and directors. Some core skills are orders of magnitude more valuable than others. For instance, raising $100,000 of capital in 1,000 hours is worth exactly $100/hour. Doing entry level marketing coordinator work is worth approximately $18/hour. The higher-impact activity in this context is obvious, especially if getting deals done is the driving force in a founder or co-founder's DNA. Daniel's article is on the money when it comes to creating a list of the core entrepreneurial skills that CAN and should be learned in order to increase the odds of startup success, so let's continue this discussion over the coming weeks.