You could have the best product in the world but… Most prospects aren’t ready to start a trial with your product. They need to get to know you a bit more. That’s like asking a complete stranger to marry you.
“If you’re not embarrassed by the first version of your product, you’ve launched too late” – Reed Hoffman, LinkedIn Dropbox started with just a demo video… Jeff Bezos manually shipped books every time he received an online order… Airbnb started in the founders’ apartment. They didn’t wait to build the perfect product. MVPs are supposed to be embarrassing.
Many founders are glued to their seats with their hands tied behind their backs… Paralyzed. Unable to make critical decisions out of fear that “things might go wrong”. And if you’ve ever experienced this paralysis analysis, watch out. It’s how you may miss life-changing opportunities. Like when Blockbuster missed buying Netflix for $50M. Or when Yahoo passed on the opportunity
“Am I paying my team enough?” I get it… I’ve had gaping holes in my business. It’s no fun. And losing your best people without warning is terrifying. It’s like trying to walk with a broken leg. Or play ball with one eye closed. Even if no one has left your team yet… There’s always that: “what if?” But no
It’s one thing to have a great idea… But how do you take a crazy idea and turn it into millions per year and then exit? That’s what we’re discussing in today’s video with my guest Trent Kitsch. Trent’s a guy that’s done it all. Right from the get-go, he was faced with uncertainty and rejection. But Trent pushed through.
When Josh was 18, he saw a young entrepreneur in his town driving a lamborghini… A guy who lived in the rich part of town. “Wow, this guy is SO young, and so successful. I wonder what he does.” Josh was amazed. And that was it.
As a business owner, you’ve likely sailed through “company killing storms”… No new customers for weeks. A key team member abandons ship when you need them the most. Mass ‘customer exodus’. You name it. But some of the worst storms happen during the early stages.
“I’d rather not lose the deal.” “And since I have a low overhead…I think I’ll price lower than my competition.” “That way at least I’ll get more customers upfront. Right?” Wrong!
If investors give you money to grow… Are you still able to sell your business later on? I’ll let the numbers speak for themselves… 96% of funded companies also exit by acquisition.
Do you know the best and worst thing as a founder? It’s when your customers LOVE your product so much… That they NO LONGER need it. Yeah, that’s right… Good ol’ “happy churn”.
How To Go From $1K To $10K MRR In Just 3 Months With The A.C.E Growth Engine™
