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Escape The Rat Race within 12 months…

is a personal development company based in London, UK, and was founded in 2014 by Christian Rodwell (Certified Master Coach by the Coaching Standards Authority).Within this community we offer support and guidance to help our members to gain clarity on exactly what their major goals and desires are in life, and then to assist them in taking massive, focused action towards achieving them.

Jul 31, 2018

What’s the big problem that your business solves for people?

My name is Christian Rodwell and today I’m talking with lean thinking Expert Dharmesh Raithatha about how every aspiring Entrepreneur can get started on the right track with lean thinking and obtaining the best results in your new business.

Dharmesh is Product Partner at Forward Partners and he helps founders go from idea stage to having a great product or service and successful businesses.

Dharmesh has a passion for User Research, Lean UX and using data to inform decision making. Dharmesh also has a background in artificial intelligence and has been developing products for over 12 years in either his own or other high profile startups.

Now if you’re still in the early stages of developing your own business or perhaps have not yet even launched, then today’s episode is going to be especially useful as we discuss some of the methods used in the Lean Business Canvas, which is a highly engaging and fun way of creating a winning business plan that identifies all of the crucial ares in the business that you need to have sussed before you advance too far.

In this episode you’ll learn…

  • What a Venture Capitalist is and how they think
  • What is the Lean Canvas Model and why you should create one for your business
  • The differences between Venture Capital and Angel Investing
  • The first step that every entrepreneur needs to take when validating a new idea
  • Tools you can use to quickly bring your ideas to life in a MVP (Minimum Viable Product)
  • The importance of testing your ideas quickly
  • The early steps that AirBnB took to validate their business model before they scaled
  • The first steps for finding a co-founder or mentor to prevent you from going down a rabbit hole in your new business
  • How you can go about protecting your ‘big idea’ if you’re concerned about someone stealing it

 

Quotes:

‘Your first sale is the hardest. The reality is you’re going to get more.’

‘If you haven’t got venture capital, you have to be more creative in how you acquire your customers’

‘Startups are hard, stressful and income is often low. You have to love what you do’

‘The best way to protect your idea is by owning it and getting it out there’

 

Links & Resources mentioned in this episode:

Marvel - Bring Your Ideas To Life

Invision - Make the products you love most

Slack

 

Guest Details:

Dharmesh Raithata LinkedIn Profile

Dharmesh Raithata Twitter

Forward Partners

 

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