May 11, 2018 - 2 Comments
In the previous episode about colliding ideas with reality we talked about how to tell business ideas that are likely to succeed from those that aren't. An important part of this process is to turn vague ideas into specific numbers.
Instead of thinking "I'll need a lot of traffic" we want to think "I'll need X visitors and a Y% conversion rate". But how do you come up with these numbers for a business that doesn't exist yet?
In this episode, we'll teach you how to use approximation to figure out as quickly as possible what ideas are worth pursuing and be able to implement it rapidly, without spending a lot of time trying to be precise, or being careless and making bad business decisions.
Listen in, we're about to save you a lot of time!
More...
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...but for one day, try this method out. Set a goal and then work backwards. See if imprecision can help you validate your ideas and move the needle faster without spending hours on it.
Let us know in the comment section how it worked!
We'd also love to hear your own experience, stories, suggestions and questions.
As always, we're happy to get any feedback, questions, tips and stories in the comments below or leave us a voice message by hitting the green button below:
See you soon with another episode!
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