Before we can find that product market fit, we need to first understand the business models that serve as delivery mechanisms for taking a particular value to a particular audience. Every industry, audience, region, culture, age… will have a different preference for how they meet their needs with the value delivered by a particular market. As a self-funded entrepreneur you should not make the mistake of thinking you can be the one that changes them, but by being able to identify business models, you can then research those audiences and competitors in your potential markets and understand them, not just as meeting a need, but as being part of a bigger picture for how a particular audience engages with a particular need.
Read MoreWe stress the importance of intuitively understanding this give and take between product and market refinement ideally before launching any business opportunity, because so often we see entrepreneurs make common mistakes that arise from a lack of market understanding. Some will try to build an audience before they ever really have a business model n mind. Alternatively, many entrepreneurs will rush ahead with a product…
Read MoreThere are lots of methodologies for OKR frameworks. We at Low Finance have quarterly objective setting looking at a rolling 12 months and identify one to three due on any given upcoming quarterly milestone. We then spend a few moments at the end of each month…
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