cyberlaxamana

by Private                                                                                  What is the difference between persistence and denial? How many unsuccessful pivots do you need to go through before you should realise it’s time to call it quits? This topic of knowing when to pull the plug is potentially one of the most difficult questions I’ve faced to date. Although our LTV classes have sparked multiple discussions on this topic, I unfortunately admit that we’ve yet to uncover the ideal answer to this question. In typical HBS fashion, the answer seems to be... “It depends...” So what does it all depend on? Here’s my attempt categorize what I believe to be the critical consideration factors into three buckets; internal, external and personal factors Internal How much cash (an...

by Varun Gupta As an entrepreneur following the lean startup philosophy, how do you know when to stop pivoting and pull the plug on your venture? Is this decision easier or harder in a lean startup? “We are always almost there… “ The temptation is immense to keep tweaking, to go on ‘refining’ the business model, or keep ‘improving’ the product, to believe that you would create the next Google if you just changed that one thought glitch . That’s what an iterative, feedback-loop based, pivoting lean startup could mean. Or, it could mean, I’ve tried the 6 different options there are to doing this, but the market is non-existent. Does this indicate a defeatist attitude or just an acceptance of reality? Difficult to tell – entrepreneurs who have gone on to make billions pivoted what might now seem to be just often enough and at just the right times. The decision to making that one more pivot is made tougher by the low barriers to doing so in an info tech setup – the physical and intellect...