Our Top Resources for Starting up
The first thing to remember is that the best way to reduce your time, money and resources is to focus on validation.
Validation can be seen as three parts of a Venn diagram; where all three parts overlap is the “sweet spot” that indicates the best chance of a successful business. The three parts of the Venn diagram are Desirability, Viability, and Feasibility.
Desirability means that your potential customers and users want what you are creating. The process of validating desirability includes understanding who your customers are and taking into consideration alternative solutions, and willingness to pay.
Viability means that your venture has a sound financial model. The process of validating viability means understanding all the costs associated with the business model, and how it can eventually generate income to support it long-term.
Feasibility means that you can make and do what you intend to. The process of validating feasibility may involve relevant consent, the ability to find a space and more.
For more on this and 3 tools to help you plan your startup read this blog here.
So whats next?
When we meet with founders in our free 1:1 check-ins, the most common thing we see is founders who have skipped over the early steps in process. Many later problems can be traced back to this. That's why our top 5 resources all relate to testing and validating that you're on the right track.
We also have a Tiktok account where we share informative resources to help you with your project, idea or startup.
Our Top 5 Resources
As part of our free 15 minute meetings, we help people with personalised advice with ways to derisk and save them time, money and energy. These are 5 of our most common resources and are versatile tools that can be used at many stages of the startup journey.
Other handy resources
Lean canvas (coming soon)
Spaces in Dunedin
We also have a Tiktok account where we share informative resources to help you with your project, idea or startup! follow us at @startupdunedin