Based on my experience of working with entrepreneurs at NSRCEL, I had put together a few posts which came out as an e-book is aimed at aspiring entrepreneurs to navigate the early phases of their startup journey. You could find the e-book on the NSRCEL website. If you feel like reading the individuals posts, you can click and read them here. I have also embedded the book below in case you want to read it here.
Preparation for the Journey
The journey – loneliness/mental lows!
Passionate and headstrong or flexible with pivots
Networking
Novice vs experienced entrepreneurs
Entrepreneurs and the management of business(es)
Entrepreneur mindset vs Investor mindset
Lifestyle entrepreneur?
Entrepreneur with corporate experience
Plan your leap or plunge
Founder/co-founder as status signalling
Ideation
Ideas are dime a dozen
Ideas – understanding the audience
Business model choice
Idea and actors around you
Centrality of observation and learning
Where is the game being played?
Communicating the concept. Don’t miss the nuance!
Digging too many small wells?
Idea Evaluation
Market – does it exit or is it created?
Fit-misfit
Business canvases (choose the right tool for analysis)
Novelty does not necessarily reward
The existence of problems does not imply the existence of a business
Existence of an ecosystem
To share or not to share
Minimum viable product (MVP)
Execution
Many pivots?
Transactions vs relationships
Knowing ‘doing gap’ – Execution!
Equity as a tool to handle uncertainty
Raising investment
Tools to ease routine operations
Milestones or measures of success
Lean and effectuation methods
What got me here won’t get me there!
Routine – your ventures’ knowledge veins
No cookbook!
My role – opener, middle order, finisher
Entrepreneur – activist/philosopher/business-man
You can read the book here