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How to build fast and efficiently your startup?

Learn how to build fast and efficiently your lean startup and how to avoid most common mistakes
Instructor:
Asen Gyczew
1,190 students enrolled
English [Auto]
Built your startup fast and cheap
Conduct market research for your startup with little money
Analyze the data and to make educated guess what is your competition doing
Understand your business model and pick the right KPIs to concentrate on
Pick the right MVP for your startup
Pick the right growth model and hacks that you should apply in your business
You will get additional resources (examples of analyses, growth hacks, business models in Excel)

Why did we decide to create this course?

We work with startups on daily basis within our accelerator (StartupAkademia) and we have noticed that despite the tones of very good books on lean methods (i.e. Lean Analytics, Running Lean, etc.) startups have problems with applying this knowledge in practice. We have noticed also some consistent problems that we felt needed more pragmatic solutions. The first problem that we spotted was the fact that startups do not know how to do market research, spy on the competition, and analyze data. The second thing we have noticed is that especially first-time startups, do not really understand their business model (which is totally understandable). That’s why it is very difficult for them to know what they should concentrate on. The third problem, which probably was the biggest source of failure, was not sufficient creativity when it came to acquiring customers. Startups have no problems with naming (not always applying efficiently) how to acquire customers through ads (Facebook, AdWords, display ads) but they would have problems with finding the right set of non-standard, yet very efficient moves that would work on their market (you can call them growth hacks, tricks or simply tactics)

The interesting thing was that those problems were pretty universal regardless of the industry, business model, or even whether they were run independently or supported by big corporations.

So one day, to make our life easier (repeating the same staff on and on is not that fun ;)), we have decided it is time to create a tool that will help our startups and any other to get going faster and more efficiently. We started with the do-it-yourself StartupAkademia (half of the info is available also in English so go and check that). We have seen that this is still not enough so we proceeded to make online courses supplemented with simple yet very powerful tools.

What will this course give you?

The course is a practical, step-by-step guide loaded with tons of simple tools that will help you significantly to speed up your startup. There is little theory – mainly examples, a lot of tips from our own experience as well as other notable examples worth mentioning. Our intention is that thanks to the course you will know:

  1. What your business model is about, what to concentrate on and what are the key KPIs for you?

  2. How to research your market, competition, and your customers, draw conclusions from the data and apply it in your business?

  3. What Minimal Viable Product (MVP) to choose to test your business, and what it will give you, how much it may cost?

  4. How to model your business in Excel

  5. What growth hacks will help you grow your business

How the course is organized?

The course is divided currently into the following sections:

  • Market research – effective and cheap – advanced version. In this section, you will learn what kind of methods you can use to get to know better your customers and competitors

  • Startup Business Models. At the end of the section, you will have a good understanding of different business models, you will know what KPIs are important depending on the business and what you should concentrate on. You should also be able to guess to which business model your startup has the biggest resemblance

  • What should be the MVP of your business? In this section, you will see some examples of MVP. We start with a reminder of what MVP is and then we move to examples for MVP for restaurant, online store, off-line store, SaaS, books, and others

  • Financial modeling of startups. In this section, we show you how to model different online businesses in Excel. You will also get templates that will help you model your own startups

  • Growth Hacks. In the last few sections, we discuss different methods that will help you grow your businesses.

We will be adding also a section on growth hacks and tricks used by others, increasing the LTV of customers and a section presenting business models in Excels so check our course regularly for upgrades.

You will be able also to download many additional resources

  1. Links to free presentations and movies showing examples of research

  2. Links to books worth reading

  3. Excels with calculations showing you how you can do the market research

  4. Excels with useful analysis showing you how you can draw conclusions

  5. Presentations of different business models and MVPs

Introduction

1
Introduction

This will be a short introduction into the course in which I will show you what you will get out of this

2
How to deal with Blurry image

Here I will show you what to do if a blurry image appears

3
How to reach additional resources

Here I will show you how to find additional resources attached to the coruse like Excel files, presentations, links etc.

Introduction to Market Research for Startups

1
Market research methods for startups - introduction

We start with a short introduction to the 3 groups of methods we will cover in this section: consulting, on-line and off-line

2
Bottom-up aproach

In this lecture you will get to know our favorite method for first rough estimation – the bottom-up method. We give you also 2 examples with Excel calculation how to use it.

3
Top-down approach

Top-down is the little brother of bottom-up approach – not used that often but still very useful for resegmenting the market (niche an low cost strategy)

Market research - off-line methods

1
Off-line research introduction

Reality still bites. Here you will be given short overview of the off-line research methods with suggestion what to be used when

2
Off-line interviews

In this lecture we show you how to conduct the off-line interviews, how to draw conclusions out of it and where to find respondents

3
Being where your customer is

In this lecture we show you how to map and read the daily life of your customer and how it can help your marketing efforts

4
Store checks

Store Check come in handy whenever you are talking about B2C physical products, services and retail. This methods gives you solid facts on which you can build your business

5
Mystery shopping

Service level is time and again your opportunity to disrupt markets. Therefore, check on your own the customer experience with mystery shopping

Market research - online methods

1
On-line research introduction

On-line research is cheap and insightful. We will go through all nice methods how to get to know the market, customer and competitors

2
Facebook Audience Insight

Facebook Audience Insight is the perfect tool to check different segments without the necessity to do any interviews. For first estimation it is the perfect tool

3
Customer profiles on facebook

Facebook allows you to have a look at social profiles of your potential customers. If you want to understand them better have a look at this as well

4
SimilarWeb - tool to spy on your competition

You want to know what do your competitors do? Where they get the traffic from? Check this lecture on SimilarWeb.

5
Keyword Planner by Google

Google is so nice to tell you through search results where is the market. Use the Keyword Planner to see whether you are able to make money on your ideas and how much you have to spend to get the trafffic

6
Slideshare and Youtube

Google is nice but Youtube and Slideshare are the places to go if you look for more advance info faster. Check this lecture to know what to use when.

7
Markets for mobile applications

Mobile is the new black ;). Even if you are not into mobile applications check the markets for applications to see what are the worries of people and what they like

8
Slides from the Market Research part

Slides from the whole market research section

Startup Business Models

1
Introduction into business models

In this section we will discuss in detail modeling of businesses in Excel

2
E-commerce

In this lecture we will explain you how e-commerce business model works and what you should concentrate on

3
SaaS

In this lecture we will explain SaaS business model works and what you should concentrate on. We will show you many examples of this business.

4
2-sided market

In this lecture we will explain how 2-sided market business model works and what you should concentrate on. We will show you many examples of this business.

5
Media site

In this lecture we will explain how media site business model works and what you should concentrate on. We will show you many examples of this business.

What should be the MVP of your business?

1
What is MVP?

In this lecture we remind you what is MVP and are the characteristics of perfect (for us) MVP

2
MVP for restaurant

We start with showing you how you can test the restaurant concept. We provide you 6 different MVPs, show you how much it would cost to build and how much time it would take you. We show you also what hypotheses / features you can test with them and when to choose which MVP

3
MVP for webpage earning from ads

We present you what kind of MVP you can use to test webpages earning from ads

4
MVP for online shop

We go to on-line shop and show you how you can test whether you will be a successful on-line retailer. The MVPs we present can be done with very small budget

5
MVP for offline shop

Having discuss the on-line shops we check what can be done to test the off-line shops

6
MVP for SaaS

If you are into SaaS you will learn he what MVPs are at your disposals and what do they give you

7
MVP for a book

We give you some tips how to prepare to write a good book and earn money at the same time

Business models translated to Excel

1
E-commerce business model translated in Excel

In this lecture I will show you how you can build the model in Excel and what conclusions can you draw from it.

2
SaaS business model translated to Excel

In this lecture I will show you how you can build the model in Excel and what conclusions can you draw from it.

3
2-sided market business model translated to Excel

In this lecture I will show you how you can build the model in Excel and what conclusions can you draw from it.

4
Media Site business model translated to Excel

In this lecture I will show you how you can build the model in Excel and what conclusions can you draw from it.

Growth Hacks - Introduction and Behavioral contracts

1
Pirate Metrics

Here I will explain you the basics about Pirate Metrics (AARRR approach) that we will use in the course to show what the metric influences

2
Behavioral contracts - introduction

I will show you how you can motivate others to do what you want them to do. By building proper referral program, loyalty scheme or customer on-boarding you can change totally your business

3
Dropbox

In this lecture I will show you how Dropbox is using behavior contract in referral programs as well as customer on-boarding. Dropbox was also offering additional space if you performed actions that increase his reach and help Word of Mouth. It had its referral program – you could get up to 1  for referring your friend. They have also defined tasks that made you more likely to stay with them and that they were showing you how to use the product

4
Bobby Burger

Bobby Burger is a chain of slow burgers that has used behavioral contract to grow their chain rapidly. Bobby Burger was giving discounts and rewards for actions: Contest on facebook, Discount for check-ins, Discount for events organized at their site, Free products for first customers in new place

Growth Hacks - non-standard advertising space

1
Non-standard advertising space.

Next section will show you how, in innovative way, you can promote your business without spending much on advertising

2
Spotify

I show how Spotify was creating non-standard advertising space. In 2011 Spotify has struck I deal with Facebook that enabled them to grow via referrals and Word of Mouth

3
Piktochart

We will show how Piktochart is using non-standard advertising space

4
Kekemeke

Kekemeke is a SaaS software for managing brand loyalty programs (based on collecting stamps) for restaurants. Kekemeke  has bee using its partners to promote its programs. I will explain you how they achieved this

5
Powtoon

PowToon is a freemium SaaS for creating animation movie that was very creative in putting their logo in front of the potential customers

6
Udemy

Udemy is using every opportunity to cross-sell courses: course langing pages, emails, purchasing process. I will show you how it works in practice

Growth Hacks - Stand on the shoulder of a giant

1
Stand on the shoulder of a giant -Introduction

In fifth section you will learn how to leverage 3-rd party platforms to get fast and cheap access to crucial resources (i.e. market)

2
Airbnb

Airbnb has written a script that was uploading automatically to Craigslist profiles of the available rent I will show you want was the impact of this on the business.

3
Brand24

Brand24 is a software for social listening (you can check who and what was talking about you in social media). Brand24 has been leveraging small communities

Growth Hacks - remove barriers

1
Remove barriers - Introduction

 You can grow your customer base or increase retention of current ones by removing barriers between you and the customer. I will show you on examples how you can remove those barriers

2
Uber - remove barriers

Uber has been consistently removing barriers on the supply and demand side. I will show you details of how they did it

3
Fitness clubs and dance schools - remove barriers

Fitness clubs and dance schools use nice tricks to convince people to join them. I will show you in this lecture what they were doing this

4
Dropbox - remove barriers

Dropbox has used the freemium method. They are offering 2 GB of free space on the cloud

5
Audioteka - remove barriers

Here I will talk about how Audioteka has tried to make it easier for consumer to use its product


Growth Hacks - create barriers

1
Create barrier of entry -Introduction

One of the most important things is to create barriers between your customer and potential competitors. I will show you with examples how to do that

2
Facebook - how did they protect they kingdom?

I will show you in this lecture how Facebook is protecting it s territory from competitors

3
Apple - creating barriers of entry

Apple has created many barriers to protect its products from any competition

Growth Hacks - how to create new revenue streams

1
Innovative selling and revenue streams - introduction

In this section we will talk about how you can change your business by changing the model in which you claim the money from the customer. The choice of revenue streams also defines the selling model

2
Innovative selling / revenue streams - milk example

In this lecture on the example of milk based business I will show you how your business model may differ depending what revenue streams you will choose

3
When to use specific revenue streams - Part 1?

Here I show when you should use the specific revenue streams. Different revenue streams are perfect for different businesses . By introducing  new revenue streams  you can totally disrupt your industry

4
When to use specific revenue streams - Part 2

Here I show when you should use the specific revenue streams. Different revenue streams are perfect for different businesses . By introducing  new revenue streams  you can totally disrupt your industry

5
Ryanair - innovative revenue streams

Raynair has been also very creative on the revenue side. Here I will show you what revenue streams they have

6
Sandwich Video - innovative revenue streams

Here we show what made Sandwich Video so successful as a producer of ads for startup

7
Legimi - innovative revenue streams

Legimi is a e-book reader bit similar to Kindle. They have been very innovative in the way they generate revenue streams

8
DollarShaveClub - innovative revenue streams

Dollar Shave Club was one of the first companies to use subscription model in FMCG

9
Canva - innovative revenue streams

Growth Hacks - start from a niche

1
Start from a niche - introduction

Most businesses that are successful start in a small niche where they can in peace work on product-market fit and on their business models. I will show you examples of very successful companies that have applied this hack in practice 

2
Tesla

Tesla had a well thought and quite well executed master plan where the end-game is self-sustainable system of electric self-driving cars fueled by clean electric energy from renewable sources

3
Uber

Uber has started as limousine rides provider in San Francisco. The end game is the whole  short run transportation market

4
Square

Square started as a credit card processing software. Square wanted to take a piece of the payment and cash till market. It started from small independent restaurants and now has moved into being integrated POS system

5
Yelp

Yelp has started as a service only concentrated on restaurant in San Francisco. It has grown is business to include other cities and businesses

6
Twitch

Twitch started very broad but then tried to pick the most promising niche and concentrate on it  - gaming. Once they mastered the niche they went deep and global with it

7
Postmates

Postmates has intentionally neglected some of its customers (restaurants) to deliver the right customer experience to other group

Growth Hacks - Strategic partners

1
Zappos

Zappos has decided to join Amazon not to be crushed but also to get access to strategic resources


2
Dropbox

Here I show How Dropbox has leverage strategic partners to grow their business

3
Showroom

Showroom is a marketplace for independent fashion brands. They are present in Poland and Germany and were acquired by Burda

Growth Hacks - Create much higher standard

1
Create much higher standard - Introduction

10x the standard can help you build a drastically growing business

2
Uber

Uber has started as limousine rides provider in San Francisco. The end game is the whole  short run transportation market

3
Udemy

I will show you here how Udemy created much higher standards for both teachers and students and how this worked for them

4
Tinder

Tinder has changed totally the customer experience in dating: mobile first & local; easy intuitive to use product; introduced gamification; used Freemium model. User experience was also drastically improved: All important information visible at first glance. The have also used true identity fed from Facebook and Instagram

5
Airbnb

Growth Hacks - Community

1
Community - Introduction

We have a separate section on community and its role for business. In many business models (esp. on-line business) customer come for the product but they stay for the community. 

2
Yelp - community

In this lecture I will show you how Yelp created a community supporting their business by introducing: Real identity of reviewer, Elite Squad, Growing city by city, Spam and false reviews management

3
Reddit - Community

Reddit is a community based comment and link sharing platform. Reddit has created subgroups (sub-reddits), they take care of super users, they apply clear policies and rules and use gamification elements

You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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How to build fast and efficiently your startup?
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