Page 18 - The Art of the Start

ChangeThis 1 Prove your concept. 2 Complete design specifications. 3 Finish a prototype. 4 Raise capital. 5 Ship a testable version to customers. 6 Ship the final version to customers. 7 Achieve break-even. There are seven milestones that every startup must focus on. If you miss any of them, your organization might die. These milestones apply to every kind of business. For example, a new school can prove its concept by seeing if two teachers, working as a team, using a new curriculum, can provide more individualized instruction and improve learning in a test classroom. With this proof of concept, the school can then complete the design of its curriculum, raise funds, roll out the prototype, and start teaching classes. | issue 001.01 | i U | h 18/34 f