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stefanmancevski

252 karma · joined February 23, 2014

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stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Niantic was an internal startup at Google before spinning out into an independent company in 2015. By that point they already proved out their business idea with a cult hit game called Ingress, off which Pokemon Go is based. So technically yes, you're right :)
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Thanks for the resource! Though I would argue it's still not quite comparable to actually talking to and getting feedback from your target customer base. That's where you hear about the real pain points firsthand, and that is invaluable for validating your business idea.
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Well I can give an example from an old startup I worked on in the past. We wanted to see if a CRM for job seekers would be useful. But we didn't build it so they could come. We repurposed Trello as a CRM, got a group of job seekers on board from Reddit, and proved there was value in the idea. Then we built it.

The proving of willingness to pay came from surveys of those and subsequent users that said "yes, i would pay X per month for this"

stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Zuckerberg ran his test drive in college. He reached his audience, sold them on Facebook, it worked, so he quit and did it full time. His burning passion was already validated when he took his huge risk. What we argue is you don't have to have a platform built out to get the same validation.
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
If you don't have the network, you have to build it. There's no real way around that. If you want to start a business and need to stress test your idea like this, you'll need to do outreach. Whether that's cold outreach or attending events or joining the right groups and communities, it's all about the legwork.

But the point is you can still do that on your own time without making huge sacrifices. Taking the concept of "go out and talk to people" too literally just serves to prevent you from actually finding and reaching your ideal audience.

Need to know where to start? Angel List, LinkedIn, Meetup, and the like. Write some cold emails. You can always build a network, and you should if you want to start a business.

stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Will do!
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Of course! This is just step 1 - validating your idea. Actually starting a startup takes a whole lot more time, effort, stress, and hard work.
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Ah - well you're directly tapped into the problems they all have, even if they see you as just a tool. You're working with so many different businesses that you have a bigger sample size. What's a recurring problem? How can you solve it at scale? Not saying it's easy at all, but you probably have an advantage over someone who just works for a single company.
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Thanks! Glad you enjoyed it.
stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
Totally get that. You've already got a great way to identify the meaningful problems - it doesn't come out of thin air, but out of your experience working with people, clients, etc...

That's the point of Step 1: Wanna know what problems a client is facing? Ask. If you don't ask, you'll never know what solution to build.

The quitting of the job can come later :)

stefanmancevski··on How to Test Drive Your Business Idea Before Quitting Your Job
For some it is, for others it isn't. Remember that not every potential entrepreneur is in the same boat. Some are non-technical founders. Some just graduated college and are flooded with debt. Others are risk-averse.

But they all want to do something big. The test-drive concept is to go into building your new startup with data-backed reasons for why it's the right thing to do.

It helps you justify your decision to yourself and those around you. It's not just the job, but the people involved. At the end of the day, the entrepreneur is NOT the only one affected by the decision of starting a new business.