| 9 signs of vital success |
| Karl Deutsch |
| Book: Lean Analytics |
| Follow Eric Knaus on Linkedin | |
| Author: Kal Deutsch | |
| Product Market Fit | Value proposition..75% fail Verify & Confirm Market demand Most do not meet customer needs and expectations |
| Competitive Advantage | What is the secret sauce? Trade Secrets Network Effect Is it hard to replicate Exclusive agreements Team Superpowers |
| Goto Market strategy | What is the plan for market share growth? Define your dream customer launch and expand |
| Viable business model | What rate do your customers leave? (is is a sticky business model) mode Consider the Business to Business (B2B )model Competitive pricing |
| Strong Team | Think about the skills needed (“Brilliant Doctor”) Strong Networks Echo Chamber Board of directors and advisors |
| Credible Financials | Read Lean analytics book |
| Growing traction | Accomplishments month over month; Minimal Viable Traction (MVT) pre-start-> Kick starter of Indie gogo Partnerships Social media followers |
| Compelling Fundraising | Equity crowd funding What are the outcomes of the spending will be Vision for acquisition or exit IPO Acquisition $1M revenue–> Inc valuation 5-10x |
| Engaging Story | Being credible is absolutely key use persona |
