12/20/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
The KISS method (Keep It Simple and Smart) aims to make complex ideas as simple as possible. By focusing on the essentials, founders and entrepreneurs can establish their product or service on the market more quickly.
To maximize the likelihood of startup success, it is recommended to develop a Minimum Viable Product (MVP). This is a small, simple product that contains the core features of the idea but is much easier to develop compared to the final product. It helps founders quickly develop a product that can be tested and validated without the cost and effort of a full-fledged product.
In addition, founders can also try to create a "proof of concept" to test the demand for their product or service. Through such a proof of concept, founders can find out if their idea will work and how it can compete in the marketplace.
These strategies can help maximize the likelihood of startup success by reducing product complexity and testing demand. If founders use these strategies, they can significantly increase their chances of success instead of failing like 90%.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup is a young, innovative company that seeks to use new technologies or business models to solve existing problems or create new opportunities. A startup usually has a small team, a limited budget, and an idea that can make it a successful business. A startup may develop a new product, offer a new service, or use a new business model.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup is the process of establishing a business in which an individual or group of individuals establishes a business to provide a product or service. It can also be considered as the process of setting up a business or enterprise in which an entrepreneur or group of entrepreneurs establish a business with the aim of making profits.
12/06/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A startup is a young, fast-growing business sector typically based on innovation and technology and focused on rapid growth and revenue growth. Startups seek to turn new ideas into an emerging product or service that improves on what already exists or opens up entirely new opportunities. They are often created by young founders or entrepreneurs and often require investment to grow and thrive.
12/05/2022 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
Founder and startup consulting is a type of consulting that specifically targets founders and startups and addresses specific issues and challenges that founders and startups face when launching their business. It is a type of expert consulting that helps founders and startups develop and implement their business idea and assists them in implementing legal requirements. It can also help identify the risks associated with a business idea and advise founders and startups on developing a business model and strategy that will help them achieve their goals. Ultimately, the advice can help founders and startups successfully launch their business and establish it in the marketplace.