The right question is everything
You've often heard that as an entrepreneur it's not how you address problems but rather what problems you address that differentiates a successful startup from a failure.
Here are common questions that founders ask themselves or their customers:
- How can we make our product better?
- How can we further improve our technology?
- How can we get investors to come onboard before we contact customers?
- Can we delay discussing equity between co-founders till we contact investors ?
Here are some of the questions you should consider asking instead:
- How is our product getting better?
- Can we replicate the improvement consistently?
- Why is this improvement important?
- Who is this improvement important to?
- How do we know?
- Will they pay more for it ?
- What problem does my product solve for my customers?
- How long does the problem I'm trying to solve for my customers impact them?
- Once I solve the customer's problem, how can I stop my competitors replicating it?
By asking a different question, you can get to a very different destination - and that destination may well be a successful startup.
Please share a question a startup needs to ask that may change everything.