I started working on my own when I was 14 and learned a lot since then. Made many mistakes, had doubts, got frustrated, was happy, did party, was sad, angry, disillusioned. The awesome Steve Blank video series helped me to sort my vision and myself. I didn't write for you, I did it for me... and you
Steve Blank - What Is A StartUp
What is a company anyway? Is it just a place to get free meals and all work is in done in socks or barefooted and that until deep into the night? Steve Blank has created quite a good defintion ...
To take away some of the suspense, Steve Blank brings the definition of a startup to a point: "A startup is a temporary organization that is looking for a repeatable and scalable business model"...
Temporary means that a startup wants to become a real company eventually ( even when Yahoo likes to state that they are still a startup after 20 years...) What is meant is that the goal is to have a product on the market, paying customers, users, employees, offices, goals...
As a startup, especially in this phase which can take a couple of years, you want find a product as well as a business model that works on Monday and on the rest of the days of the week. During this phase marketing, sales strategy and everything else has to be built, optimized and perfected. This is just like a car race where the tires and motor have to be warmed up and the right position has to be found on the track. The first laps are to postion yourself and to find the grid. The remaining laps to the finish line are there to drive forward.
As a startup and founder I want to create something scalable. Like so often in life this is measured easily...Scalability in this case is measured by money. I invest an Euro and gain two or more in the end which I then use for the scalability of my client base, my employees, the product and it then starts all over again. To bring it down to the common denominator: Over the course of time I should be taking in more money that I am spending otherwise it will soon be over.
To bring it to a point: I have to look for a business model. When I find and form it, I will be much closer to success. A startup is a temporary company looking for a business model. But until then I am simply a "non profit" company that has to be economical with financial means and resources.
This article is written by our CEO, Bernd Korz. With his experience as an entrepreneur, he shares his vision about the lessons provided by Steve Blank. Join us every week for a new article on Steve Blank’s lectures.
More information on Steve Blank:
- alugha Videos
- Google Search
- Amazon Books
- Twitter Steve Blank
- Twitter Bernd Korz
More articles by this producer
Those who only point out problems and no solutions do not create value for their customers. Those who only bring solutions and cannot explain where the problem lies will not be able to convince their customers.
The value contribution of a start-up can be seen in different ways. Technological or market-relevant advantages are equally valuable. There are many options for positioning yourself. The only relevant thing is that you define and develop the right value proposition for yourself and offer it to your
Videos by this producer
I decided a few days ago to switch from Firefox to the EDGE from Microsoft completely after I have extensively tested it for three months. Unfortunately my entire AutoFill data has been completely destroyed. I could not find a way to delete them. Even deleting the browser data did not really help me
I took the chance on the 29th of April and have been to McDonald's for the first time since ages to try Vegan TS.. And or course as usual McDonald's should give the Oscar to their food photographer or send a very bad letter to their emplpoyees. The paddy itself is good and well done. Not as good as
Hi everyone, i´m Bernd Korz and this short film called “SANDWICH” is my submission to Google’s ‘Local Guide Summit 2016’. Everything that I do and create, I do and create so with passion and by conviction. I love my life and I love my surroundings. I am very compassionate and like to help people.