Successful Startup 101: September 2014 Successful Startup 101: September 2014 | Page 10

out if anyone gives a damn about your idea and your proposed solution. This isn’t easy work. You have to actually get off your butt and get out into the field and find and talk to actual people--not your co-founders or your folks--about what you’re hoping to do. You have to find actual problems that are generating real pain for a large number of people. You have to determine whether those people recognize the problem, appreciate the pain, are willing to admit that they have the problem, and are willing to pay for a solution. Then you might have a fighting chance to define and build a viable solution. You have to also recognize that: (a) there’s an infinite demand for the unavailable (anyone can say they’ll buy something that you don’t have for sale); and (b) the easiest way for a buyer to get you to leave them alone is to say “Yes” and “Come see me when your product is ready,” and then show you the door. Problem 1: They Won’t Care If you haven’t done your homework and identified the right pain points and the right target customers, you might as well take a hike because no one wants the cure for no known disease; no one is going to invest in solutions in search of problems; and you’ll end up building and wasting a lot of time on the greatest software never sold. The way you start the process determines where you end up, and these businesses are hard enough even for the people who do all the proper research, preparation, and planning.  A goal without a plan is just a daydream on someone else’s dime. Problem 2: They Won’t Suffer The idea that you can dump some partially-baked solution on your first prospects and they will then help you figure things out is another pipe dream. Trying to make your first users into your last beta testers is a waste of everyone’s time because smart users want simple solutions that work right out of the box, not more problems. And it doesn’t really matter what the problems are (implementation, training, support, stability, or security) because they’re all just more noise and aggravation that busy people don’t need. We are quick to try and even to adopt things that work for us, but we’re much quicker to dump stuff that doesn’t. And while there is an obvious trade-off between the degree of the customer’s pain and the customer’s otherwise heightened expectations, in the end no solution that simply swaps one set of problems for another is going to get out of the gate.   Problem 3: They Won’t Wait As the Heads & Shoulders people say, you don’t get a second chance today to make a first impression. Customers won’t (and don’t) wait for you to figure things out; if your first attempt falls flat you can bet that they won’t let you come back. It’s ridiculously easy to burn your bridges and impossibly hard to rebuild them when there are fast followers and copycats galore standing by, watching your mistakes. Customers don’t want stories or excuses; they want workable solutions. The Right Way There is a right way to do this and it’s pretty simple. Do your homework and find an important unmet market need. Recruit the right early users who are invested (by virtue of their own desires) in your success. Build your MVP to their specifications and with their input and buyin.  And then prepare to enter the perpetual iteration loop. Launch, Measure, Modify, Re-Launch and Repeat the Process ad nauseam. Successful solutions today are all the same: moments of mad creativity followed by months of maddening maintenance. Continually raising the bar and improving your offerings is the only way to stay in the game. About the Author Howard Tullman is the CEO of 1871 in Chicago where, at the moment, 260 digital startups are building their businesses every day. He is also the general managing partner of G2T3V, LLC and Chicago High Tech Investors – both early-stage venture funds; a member of Mayor Emanuel’s ChicagoNEXT Innovation Council; and Governor Quinn’s Illinois Innovation Council. He is an adviser to many technology businesses, a published hor and an adjunct professor at the Kellogg Graduate School of Management. Connect @tullman. * This article originally appeared on Inc.com