Most of the world knows Facebook's story on how it all started. If you think about it, it really wasn't that long ago; Facebook was founded in 2004, I was 8 at that time. Now, in 2014, Facebook is one of the most famous social medias in the world. Facebook grew from being a small startup at Harvard to being one of the most used social medias worldwide.
But ... how did Facebook spread across so quickly?
They pursued a strategy of "attracting eyeballs" and "getting big fast". What does this mean? It means they knew who to target. Everyone knows that if you like something, you're more likely to keep it around. Facebook was something everyone liked and found themselves checking various times a day, which means they would continue to use it and spread the word. So, attracting the correct audience is vital for success.
PEOPLE HAVE THE ⚡P O W E R⚡
The only problem with people, is their element of surprise. They are unpredictable.
With collected data and analyzing, assumptions should be made at times for the startup to progress. Assumptions--or leaps of faith--are made walking into a closed room, you never know whats behind the door until you take the initiative to open it.
"Acting as if assumptions are true is a classic entrepreneur superpower. They are called leaps of faith precisely because the success of the entire venture rests on them." -THE LEAN STARTUP
Trust is the key to the closed door. One must trust in their startup to succeed and take the leap of faith with confidence, if it doesn't end up well, you learn from it and build again following the feedback loop.
BUILD-MEASURE-LEARN
FEEDBACK LOOP
For
1⃣ Start out by reaching out to customers that will most likely be very enthused by our products and will pass on the word.
2⃣ Take the leap of faith and trust in your startup, if it succeeds, great! If not, learn from it.
3⃣ Follow the B-M-L feedback loop for the startup to succeed.
BLENDZ , our class smoothie business, we should keep these three things in mind:1⃣ Start out by reaching out to customers that will most likely be very enthused by our products and will pass on the word.
2⃣ Take the leap of faith and trust in your startup, if it succeeds, great! If not, learn from it.
3⃣ Follow the B-M-L feedback loop for the startup to succeed.
There is a long process ahead of us for BLENDZ, but with the right techniques and organization, it will succeed!