Bite-Size Business Retrospective

In This Episode:A startup is not a business.* Do a process map.* If your whole business plan is to raise money, get a new plan.* First check, first client is our goal with a startup.* What is the best use of your resources?* It's easier to change the name than to change physics.* People don't understand mvp, prototype, alpha product or ready for manufacture.* It takes hyper focus to get something started.* The iPod saved Apple.* Your prototype cost is usually 2-3 times higher than your product cost at scale.* The quickest way to raise money is to get to revenue.* As a founder you need realism and not yes men.* A good team is worth its' weight in gold.* Listen to the market intel and make changes.* Product Market Fit and Feature Benefit Alignment.* You have to be willing to be disproved. As a business owner you need a backbone.* Taking in intel and making sense of it for your business is a learned skill.* Running a small business you cannot burn bandwidth.* No one cares about what you think. We only care about what you can prove.* To be successful you don't have to be everything to everybody.* People don't know how to time block or be held accountable.* You need the ability to get run over and get back up.* Business is not static.* Inventory and Insurance.* You need a series of wins with the back end set up to capitalize on them.* Successful people work harder than everyone else.Sponsor this podcast at chrisjonesmedia.com