· Don’t be afraid to launch early and fix your product on the fly
· Focus on building a business that you want to run before you can even consider selling.
Other Takeaways for entrepreneurs:
· 4:22 – The best way to prove your product or idea is to use it to gain an advantage over your competition/prospective customer!
· 5:55 - Imitate then innovate to create a Blue Ocean.
· 7:30 - Customer service mindset: even if the issue is caused by a customer not knowing how to use your product, it is still a problem you need to address.
· 8:20 - Moore’s law in action
· 9:30 – You don’t know anything when you finish school compared to what is required to start a tech company.
· 11:10 – The founder generally needs to be able to sell the product before you can start to hire salespeople.
· 14:50– The importance of launching before you’ve worked out all of the bugs; it allows issues to surface earlier so you can fix them to improve your product.
· 17::10 – There’s a saying in football that “the eye in the sky don’t (doesn’t) lie”
· 23:05 – You can focus on your core product and still be in a great position to pivot if a new opportunity arises.
· 27:10 – How the acceleration of tech adoption caused by COVID may lead to future growth.
· 29:10 – How the success of early adopters can be a great sales and marketing tool.
· 30:15 How learning from mentors is like a cheat code
· 30:50 Why you have to build a business that you want to run before you can think about selling it.
· 31:50 Why integrating a CRM properly is a huge part of scaling your business.
More on my guest:
· Linked In - Tunch Akkaya
· Email - email@example.com
· Website - Gamestrat.com
· Twitter - @Gamestrat
Other things we talked about:
· Rudy Richmond
· Crossing the Chasm – Geoffrey Moore is the book for entrepreneurs bringing new products to market. Many of the issues Tunch mentions are concepts Moore covers in this book.
· Moore’s Law – GameStrat is a great example of Moore’s Law in action.