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Entrepreneurship

How to build a business/startup through lean methodology|Lean startup|Mindset [Video]

How to build a business/startup through lean methodology|Lean startup|Mindset

Many people think that startup is all about great idea, a idea that can give them overnight success. But they fail to realize that we are not living in a static environment but dynamic environment. In this dynamic environment, there is a lot of uncertainty. Many people who follow traditional management system waste their time in planning, market research, power point presentation and once it done, they take assumption based decision. They measure their success based on vanity metrics.
According to author Eric ries , startup is an human institution that build product or services under a condition of extreme uncertainty. The most important question a Entrepreneur musk ask to himself is not about “Can we build this product or not?” but “should we build this product or not?” Startup is all about learning fast as much as you can as compare to your competitor and outnumber them as fast as you can.

How can you achieve this?
The answer is Lean methodology. In Lean startup, when you have idea for a startup, then on the basis of that idea you build a MVP( Minimum viable product). A minimum viable product is a kind of product which you build at minimum price and you add only few key features in MVP which you think is the most attractive feature. After this, your job is to sell it to your early adopters and collect feedback from them. On the basis of feedback of your first early customers, you decide to pivot or persevere. Persevere means if your first early customers give you positive feedback then you go with your idea or progress with your idea, your product and strategy. And if your customers give you negative feedback then you pivot means you modify your idea, your product according to customer needs and desire. This process will remain continue until or unless your customer is ready to pay for your product or services as soon as possible.

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Entrepreneurship

How To Start A Small Business With No Money As A Teenager - How To Start A Business As A Teenager : Are you wondering how to start a small business with no money? In the past, it would probably be very difficult to do so. Even a small business like opening a sandwich shop will require you to have some capital to start. However, starting a small business with little or no money is very easy today, with the existence of the Internet. If you are wondering what kind of business you can start with little or no money, the Internet may be your answer. Welcome to Overcoming Poverty and today we'll be looking at how to start a small business with no money as a teenager and give you one of the best small business ideas that you can start with no money if you are a teenager. But before we begin make sure to subscribe to our channel and ring the bell so you get notified whenever we upload a new video, and tell us in the comment below what do you know about starting a small business with no money as a teenager. One of the most common online business you can start is affiliate marketing? What is affiliate marketing? Well, it is simply selling other people's product for a commission. This is a great business for newcomers due to its high profit potential and the ease of getting started. First, since you are selling someone else product, you don't need to worry about spending money creating your own product. Second, since you are not the owner of the product, there is no need for you to worry about customer service, shipping or delivery of product. All of these are handled by the product owner. Do not underestimate what this type of business can do for you. There are people out there who make 5 figure per month with affiliate marketing. Therefore, it can be a very serious business for you. Before you get started in affiliate marketing, it is important to understand that just because starting an online business is easy doesn't mean it is easy to run a successful online business. If you want to become extremely successful, you still have to master certain basic skills like building a website. So that was it for today’s video, we hope you enjoyed. We talked about how to start a small business with no money as a teenager and gave you one of the best small business ideas that you can start with no money if you are a teenager. Don't forget to hit the like button and share this video with friends and family who might be interested. Also make sure to subscribe and press the notification bell to get notified whenever we upload a new video. And tell us in the comments down below if you have any other tips on starting a small business with no money as a teenager. With that said, see you in the next video. Credit : Article Source: http://EzineArticles.com/4064988 Music: https://www.bensound.com #SmallBusiness #StartBusiness #NoMoney#BusinessForTeenagers

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Bilal Zaidi is the Founder & CEO of the great podcast Creator Lab. He is a multi-time entrepreneur and creator, having previously built and scaled a successful ecommerce store as a teen and led partnership teams at Google and charity: water.@Creator Lab is a podcast and digital marketing consultancy. On his weekly podcast, Bilal interviews world-class creators and entrepreneurs to break down the tactics behind how they built their businesses. Creator Lab has been listened to in over 100 countries and featured world renowned guests from Gary Vee (@GaryVee) to Anthony “Pomp” Pompliano and Jack Butcher (@Visualize Value).✉️ My weekly email newsletter: https://jousef.substack.com/🧠 Subscribe for more free videos: https://bit.ly/2RLmMxq🔴 Join this channel to get access to perks: http://bit.ly/3dODyYh🎙️ Early Podcast access for supporters: https://www.patreon.com/theengiineer⭐ Thanks to Kite, the free AI-powered coding assistant for supporting this channel: https://bit.ly/3gI6qAL💼 Bilal on LinkedIn: https://www.linkedin.com/in/bzaidi/🌍 Bilal's website: https://www.creatorlab.fm/🎥 CreatorLab: https://www.youtube.com/channel/UC3lSc9lP47q-_Wyp3LCWbYwRECOMMENDED: ----------------------------⭐ Free AI-powered coding assistant: https://bit.ly/3gI6qAL🎥 2-month free Skillshare trial: https://skillshare.eqcm.net/nZPaA📕 Books on AI, Data Science & Programming: https://bit.ly/2I1lUD1 - use "podengineered20" to get 40% discount!🎵 My choice of Music is Artlist - get 2 extra months: https://bit.ly/38tP73WSUPPORT ME HERE IF YOU LIKE:----------------------------------------------------- Become my Patron: https://www.patreon.com/theengiineer Become a channel member: https://www.youtube.com/channel/UCNm2TzhsV5wGlFIAcpCx9hQ/join One-time contribution: https://bit.ly/2PgsIvM💼 Consultation: https://bit.ly/36U5hTDFOLLOW ME HERE:-------------------------------🌍 My website - https://www.engineered-mind.com🎙️ Podcast (Audio only): https://anchor.fm/jousef-murad📝 Discord: https://discord.gg/pU2btcN📸 Instagram: https://www.instagram.com/jousefmrd/📕 Facebook: https://www.facebook.com/TheEngiineer💻 Github: https://github.com/jousefm/🐤 Twitter: https://twitter.com/Jousefm2VIDEO IDEAS?-----------------------Submit them here: https://bit.ly/2KDXqAF🎥 My Gear - https://kit.co/jousefm🎵 My choice of Music: https://bit.ly/38tP73W (get 2 extra months!)🎵 Dark Cyberpunk Driving Music - Underworld // Karl Casey @ White Bat Audio––––––––––––––––––––––––––––––Channel https://www.youtube.com/channel/UCAUZdggHDznvB2t8Aar2MqwVideo: https://www.youtube.com/watch?v=VUms3J6EFuM––––––––––––––––––––––––––––––CONTACT:-----------------If you need help or have any questions or want to collaborate feel free to reach out to me via email: engineeringmkl@gmail.com#Branding#Marketing#EntrepreneurshipDisclaimer: Some of these links are affiliate links which make me earn a small commission when you make a purchase at no additional cost to you.TIME STAMPS-----------------------0:00 : Intro1:40 : Intro Bilal3:56 : Entrepreneurial Background5:14 : Genesis of CreatorLab6:24 : Being an inspiraton7:44 : Branding10:03 : Bilal's personal brand14:04 : Quitting the 9to516:17 : Naval's Quote17:38 : Marketing & Branding if starting from scratch24:19 : How to become successful in today's world27:44 : Embrace Embarassment29:43 : Staying humble31:18 : Funneling32:18 : Wrong targeting34:17 : Appreciating the craft of creating35:42 : How to be consistent?39:09 : How does Bilal make the world a better place?43:38 : Where's Bilal in 5-10 years?46:10 : Did Bilal find his purpose in life?50:07 : Bilal's feel for hunger55:17 : Emotional Intelligence56:59 : 1. What are you most proud of?57:31 : 2. Biggest failure and what did you learn from it?58:29 : 3. What advice would you give someone who wants to be as good in podcasting as you are?59:14 : 4. If you could spend one day with a celebrity, who would it be?59:36 : 5. Podcast you enjoyed recording the most?1:01:11 : 6. Three most influential people in your life1:01:37 : 7. Favorite movie1:02:12 : 8. What would you have asked yourself if you would be in my shoes?1:03:13 : 9. One superpower you would like to have?1:03:24 : 10. If you were a superhero, what would your name be?1:03:51 : Closing remarksPodcast Recorded: February, 19th 2021 - Subscriber Release Count: 12,894.