Thursday, January 22, 2015

[Incomplete] Minimum viable Product. How to define what minimum is?

The concept of minimum viable product is relative. While this maybe an obvious truth, same may not hold for many newbie entrepreneurs (like myself). How do you determine what is minimum?

I think this would be based on at least 2 variables like the technology available to you and the knowledge of the idea available to you and you are sure off. Let's add a third one, your risk appetite.

Stepping back, the why of a MVP is to test. We think of it as an experiment and the outcome of this experiment is data.

Page 95 of The Lean Startup and read what Eric Ries says: “deciding how complex an MVP [Minimum Viable Product] needs to be cannot be done formulaically. It requires judgement”...

Still thinking about this... stay tuned.

Thursday, January 1, 2015

ayo Dawodu's 2014 in Retro

A few accomplishments.

I started my first business officially. Here is the press release.

Successfully organized the first Lean Startup workshop in Lagos. Arguably the best startup workshop the Lagos startup scene has experienced in a while. Over 50 in attendance, for the 3 day period. Forever grateful to those who made it possible.

I added 7 more clients to with very little marketing efforts. Referrers, many thanks.

Failed with Quickchow, my mobile clock-in app and a proposal to a major mall in Lagos.

I literally traded Faith as cash, this is not your average "I have faith" situation. I should tell this story someday.

Got enrolled at Meltwater. Globally successful tech entrepreneur in the making. We are not joking here.

Went surfing.

Met everyone I met in 2014. You all are amazing. Thank you.

Lesson Learnt

I had goals and plans for the 1st quarter of 2014. Only accomplished about 35% of it. More or less, more of less.
It goes to say, no business plan survives first contact with a customer.
Whatever can go wrong, would go wrong. So why plan?
In preparing for battle I have always found that plans are useless, but planning is indispensable.
- General Dwight D. Eisenhower

Have a goal, be flexible how you get there, there are more ways to reach that goal than you know.

Secrets unlocked

If you think you can or you can't, you are right.
Speak what you want to see. Period.

To God alone be the Glory.

Cheers to a grander 2015! Clinkk!