JOURNEY OF ENTREPRENEUR (BUSINESS)

SUPPORT BY BUILD3

CAMARADERIE

GUIDANCE

RESOURCES

1

Identify a problem meaningful to me certain that it plagues others as well

Conduct deep market analysis through frameworks

Provide technical inputs (technology + proof of concept)

2

Gain critical insight on trying to solve it by spending time grappling with it

Create product (prototype, MVP)

Collect user feedback through extensive network + tools

3

Locate resources to solve the problem

Hire founding team

Tap into network + Share curated frameworks

Provide funds + infrastructure support where required

4

Garner support from crucial stakeholders

Create presentations / business plan, business model

Create financial and unit economics models

5

Align minimum necessary resources and further test the critical insight (align or assign)?

Build minimal viable product

6

Talk to customers frequently (at this time and throughout the journey)

Conduct surveys, group discussions, pop-ups etc

7

Build and align team, advisory board and a network of external partners

Define vision, values, goals; Build hiring & partner onboarding process

Create an org chart - with JDs, compensation, learning

Find the right tools to execute

8

Start building a business - set up a company, accounts, budgets, etc.

Choose type of business (pvt ltd/LLP)

Ensure execution of processes, compliances, forms (financial, secretarial, labour)

9

Put in place a clear system & infra to run operations and business

Decide tactical + governance internal processes

Identify tools like basecamp, EOS management systems etc

Utilise build3 office or setup different space

10

Create a Go to market strategy

Build a brand (visuals, tone, collateral, target audience)

Create a Marketing plan (Website, Channels, Content, Campaigns)

11

Iterate the product/pivot

Analyse all the insights and data collected

12

Get traction for your product/service

Build sales/marketing/operations/technology teams

Ensure that the right people are in the right place, they want it, get it, and have the skills to do it

13

Time for a Clarity break !

Step away to think and plan - ideally periodically, else before any key events

14

Cool, but now you got to raise money!

Do you? ;) You already got a lot of traction, new revenue streams, growth opportuniites etc - rethink resource need and caliberate

15

Engage with 3 tiers of employees (mid level managers and managers who are managing two levels or more)

Conduct Townhalls / goals and accountability review meetings - plan what to do, communicate it + track it transparently

Revisit the org structure - do you need something flatter?

16

Build internal team systems for a seamless customer experience

Document processes, structure data, track quality metrics

Focus on CULTURE

Build accounting function (with high quality audit, potentially an internal audit function)

17

Start to recruit specialists that rival the founders in terms of capability

Tap into networks, compensate primarily as cash and lesser equity

Build a formal board of directors

18

Scale the business to different markets/verticals

Create scale-up strategy and run the entire process from the top (barring a few steps obv!)

JOURNEY OF ENTREPRENEUR (PERSONAL)

SUPPORT BY BUILD3

1

Tackle loneliness, variation of energy levels, physical health deterioration / fatigue / stress

Provide initial team who has been there done that

Practice meditation and physical fitness routines (yoga, exercise)

2

Lack of intellectual sounding board (somebody who will question your beliefs and push you to think through)


Allocate permanent POC and Sherpa for constant one-on-one support

Create a network of advisors

3

Lack of clarity on whether what you are doing is right or wrong

Sherpa serves as moral compass check as well as for business model/direction check

4

Repeated questioning of why are you doing this?

Learn strategies to maintain inner peace, provide avenues to explore spirituality

5

Insufficient skills
 and conflict (with team, investors, self, family)


Define vision / values and keep aligning stakeholders through regular processes

Enrol in skill development programs

6

Ensure personal finances are in place and prioritise time/effort

Utilise frameworks to plan time and team

Provide inital funding support for stability

Startup studio \ ˈstärt-ˌəp stu·​dio`\  - “A startup studio is a structure whose aim is to repeatedly build companies. Thanks to its infrastructure and resources, startup studios increase a startup’s chance of success and optimize its creation and growth.” - Thibaud Elziere

What we are looking for?

Goals

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