I have seen many entrepreneurs lose their businesses only because they are not asking for help. Or they do not allow someone from outside their organizations to help them on different problems. You cannot expect that you can design your company with all possible competence required for solutions of all possible problems.
Gallup conducted its latest Q12 Employee Engagement meta-analysis of nearly 50,000 companies and their 1.4 million employees in 2012. This eighth edition of the Q12 yielded similar results as its predecessors: highly engaged workers are more productive and their respective companies experience higher profits, higher customer ratings, less absenteeism, less shrinkage due to theft and less turnover.
Generally, it is much easier if you already have customers. In such a way, you can easily start using available data from your company to classify them and select some for next research. But, if your product development process is part of your startup development, then you can’t use internal data, because simply you don’t have them.
Often, when I am asking entrepreneurs to explain me their value they start to talk, and talk, and talk until I don’t stop them. It’s boring for me to listen philosophies like that. They are thinking too much theoretically, and not with the brain of their customers.
Many times I hear from potential entrepreneurs that they need ideas for their startup. But, what about later, when their startups become real companies? Are they don’t need anymore new fresh business ideas to run their companies?