What is #1 Job of a Founder?
What is a crucial task for a startup founder? Many founders begin with an idea and then become overwhelmed as they try to grow their company. They often focus on reaching specific goals such as gaining more users, increasing activity, hitting milestones like a 2% conversion rate or earning 5k monthly recurring revenue (MRR). These targets can differ based on whether the company is bootstrapped or funded.?
So what really matters for a founder? The main goal should be achieving at least 20% growth per month on 5k MRR. This requires the versatility of being able to handle many roles such as designing web pages, creating emails, conducting webinars, and coding the minimum viable product (MVP).
The core problem that needs solving is understanding what customers need and how your product addresses these needs. Once you successfully communicate this to customers so they understand it well enough to start using your product regularly and recommending it to others, you've achieved something important - retention.
Product-market fit (PMF) happens when your offering generates enough demand that the market pulls it out of your hands. It's not about pushing harder; it's about making something people truly want. Achieving PMF could take as little as three months if you perform adequate validation in that period.
Here is an amazing insight shared by Jose in 1000 Founders Community.
Yes, it's a. very broad question. Still I'll try to give a high-level idea:
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1. demand gen/capture/creation. Based on the type of the product
2. Inbound marketing
??1. SEO: competitor analysis, keyword research, most searched ICP phrases
??2. Content Marketing: Create quarterly/half yearly content calendar based on above SEO data in TOFU, MOFU, BOFU funnels + distribution
3. Cold emailing?
4. Community/forum marketing
5. LinkedIn growth (if your potential audience is there)
6. Performance marketing (need to pick the channels based on your budget, region, audience)
Do a 3-month PFM-based campaigns with a small budget. Find the ideal channel, format & type of content that works. Plus, build the right audience (most important thing).
Don’t focus on signups first, you’ll end in burning a lot of money. Instead work on branding, reach, visibility, website visit campaigns.
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1 年It was supposed to build and bring some of the creations to help mankind and the community. Meanwhile transforming the creations into viable businesses by building money flow around service exchange and creating values by reducing time, effort, inefficiency, capital or achieving ease and helpful. The creator mindset makes you innovators and building business models around it making you founder and inspiring/leading others makes you a leader founder. And we lack leader founders, heavily.