Good Practices in Two Stages of a Startup’s Life

December 16, 2021December 16, 2021

Read Time:1 Minute, 9 Second

Which stages are we talking about?

We in the studio distinguish between two – Discovery and Growth. Of course, other terms may be used, but the essence is clear.

The SEARCH stage of the client+product combination. This is an exploratory stage with a lot of trial and error. A startup successfully passes the first stage if it finds a customer who will pay for the new product.
The GROWTH stage is revenue scaling. Here the main task is to grow, take over the market, increase the revenue

Good practices

Giving little money.

A big-budget blurs the focus. Less money allocated means a higher probability that only the most necessary and important things will get done.

Give little time.

This limitation often forces you to move “off-target” as early as tomorrow, to do the essentials right now. Approaching a deadline encourages redoing all tasks yesterday, rather than planning for tomorrow.

Give a few people.

The larger the team, the slower the movement. Alone, a person can act without coordination and phone calls. without unnecessary thought. Faster to find the customer and the product.

Buying information.

Searching is the stage of the unknown. It’s often unclear how to break into a topic on the fly. For this reason, a good practice here is to bluntly buy information from those who are into chips. Do not skimp on this.