Thursday, December 06, 2007

Loic Le Meur’s Ten Rules For Startup Success

Loic Le Meur’s Ten Rules For Startup Success: "
# Don’t wait for a revolutionary idea. It will never happen. Just focus on a simple, exciting, empty space and execute as fast as possible
# Share your idea. The more you share, the more you get advice and the more you learn. Meet and talk to your competitors.
# Build a community. Use blogging and social software to make sure people hear about you.
# Listen to your community. Answer questions and build your product with their feedback.
# Gather a great team. Select those with very different skills from you. Look for people who are better than you.
# Be the first to recognise a problem. Everyone makes mistakes. Address the issue in public, learn about and correct it.
# Don’t spend time on market research. Launch test versions as early as possible. Keep improving the product in the OPEN.
# Don’t obsess over spreadsheet business plans. They are not going to turn out as you predict, in any case.
# Don’t plan a big marketing effort. It’s much more important and powerful that your community loves the product.
# Don’t focus on getting rich. Focus on your users. Money is a consequence of success, not a goal."


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