add_action('wp_head', function(){echo '';}, 1); People – Entrepreneurship 101 https://www.entrepreneurship.la From the books to the trenches Sat, 21 Oct 2023 11:53:08 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://www.entrepreneurship.la/wp-content/uploads/2022/07/cropped-linkedin_pjoto-1-32x32.png People – Entrepreneurship 101 https://www.entrepreneurship.la 32 32 Creating a Product with Non Technical Founders https://www.entrepreneurship.la/2022/08/05/co-founder-trying-to-explain-his-idea-to-his-employers/?utm_source=rss&utm_medium=rss&utm_campaign=co-founder-trying-to-explain-his-idea-to-his-employers https://www.entrepreneurship.la/2022/08/05/co-founder-trying-to-explain-his-idea-to-his-employers/#respond Fri, 05 Aug 2022 17:43:24 +0000 http://ahmad.works/writing/?p=81 Creating a product could be a complex process, and it takes a mix of skills, including a technical background. The idea of this post is to help non-technical founders in this journey with questions that, based on my experience as a founder of a company, could prevent mistakes that clients made when they built a product.

How deep is your understanding of technology?

Being a non-technical founder, your main goal is not to learn how to code, but you must understand some technology as basic as it sounds; if you are doing a mobile app for iPhone and Android, at least have an understanding of how they work or take an online course of basic programming, to understand the very basics. 

Try to review examples and learn the concepts that will involve your product; if it’s mobile+web or something else, you don’t need to know the language, but the idea will allow you to understand your technology partner and the feedback that you might get as the founder of the company.

This also goes to shortcuts that you sometimes have for technology and development like (cross-platform development) this could help but only in specific cases, and get that you must read (it is simple to understand) and will save you a lot of headaches, especially if you have clients waiting for the product.

Is the idea validated?

This is a simple matter, and this happens to everyone; you might think that your idea is the best and that no one else has it; well, that could take you to the following statements:

  • Perhaps there’s no market for the concept
  • Why did no one else try? or perhaps how many already tried?
  • Who will use it?
  • How you’ll make money from this?
  • What features will make my MVP?Competitors?

People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all.

Do you understand the development process?

I think this is a vital ingredient in creating a product because you can have a great idea and a great development partner, but the result is a mess, and this is because it is not clear how the development needs to be done.

Are you looking to be involved in the Process?

As a company founder, you must follow a procedure or framework if you want to be involved. It doesn’t matter if it’s agile, scrum, or whatever you want to use. You must follow something; otherwise, it will be a messy process, and it will cause a low-quality product or will make your development partner go away (be careful; you can have an A-Team for growth, but if you don’t have an order or Process, they will go away, even when the idea is excellent)

Or do you want your deliverables and just the final product?

Even if you don’t have the time or the energy to understand the Process, at least try to understand the stages, for example, prototyping, visual design, and development; otherwise, you’ll create a mess for everyone.

Based on my experience, I recommend active involvement in all processes. You can witness the product’s evolution, provide feedback at every stage, and make changes as needed.

Better Done than Perfect?

Non-technical founders sometimes prioritize perfecting the product over releasing it, and I’ve witnessed many good products go bankrupt as a result. The idea of perfection is good, but if you try to be perfect, you’ll never finish, which means you’ll never launch. You will (for sure) run out of funding, or the potential clients will go because no one will wait for you.

For example, this happened to a former client; they wanted to have everything done (meaning all features and phases of their product); we explained to them that the idea is to launch and fail fast, get feedback, and pivot if necessary; in this case, they tried to have all mobile applications and web flawless, in that Process we spent 12 months (again this was a brilliant idea) at the end of this period they lose all funding, they re-create the visual design three times.

I know it is hard to ask the founder of the company to launch something not-perfect, but it is even worse launching nothing with this. I’m not saying to launch something buggy, but the idea of the MVP is to launch and get feedback and continue based on that and remember, if you have a technology partner (use it!)

Who’s giving you feedback, and how are you collecting it?

Feedback is the most critical part of product development (and in general of everything, how could you improve without it?), following a couple of items that you must be aware of to get feedback

  •  The founders, technical or non-technical most of the time, are not the best to provide feedback!
  • Get user feedback and incorporate it into the next phase after prioritizing key features.
  • Not all the feedback is essential; you must be able to understand what everyone requests and what some may ask for just occasionally.
  • Don’t get upset if you receive feedback you don’t like.
  • Be careful of the audience that will use your product; the term kids is not the same as kids between 8 – 13 (I had a lot of experience with that mistake when we were building mobile games)
  • You can collect the feedback with surveys, interviews, and recording the reactions, there are many ways to do that, and you can get feedback from the early stages with the visual design and wireframes.

How to select a good technology partner?

Choosing a tech partner involves more than appearance and portfolio; it’s about the following aspects:

  • How do they work? The Process? Do they follow something?
  • Do they have a checklist based on the technology and product development phase?
  • Do they have similar experiences?
  • Did they provide you feedback once you explained the idea?
  • Can you tell if they care about the project?

These are just a couple of items, but the main one is trust! Distrust? Change your partner/provider. A quote without details is a red flag!

You will never finish the product, so start selling.

Suppose you wait until we finish the product. In that case, as the founder of the company, you’ll have precious time because developing the sales engine to get customers takes time, so this means that after a couple of months of development (if you are lucky!), you’ll have to wait weeks or months to get prospects, so that’s why to get wireframes or a power-point and start selling use your strengths as the founder of the company to get customers. The development never will finish because a product is an entity that will live as long as you have customers.”

We once sold a product using a 5-hour mobile mockup. The prospect liked it and bought it. However, it took us three months to deliver, so act quickly.

Has the development been completed?

Assume that development is an ongoing process even when you have all main features done, technology improves/changes and evolves. Here are a couple of tips that might help you in this journey:

  • Mobile Apps change a lot. Apple releases new phones and new operating systems; Android does almost the same thing
  • Select your target devices on Android and expand the list as your product and audience grow.
  • Something as simple as a new browsers update must be in your backlog to improve your product
  • Feedback will always come to you, so you need to add it to the next version of your product

As a non-technical co-founder, learn from others’ mistakes and save time and money by following these rules.

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Hiring Rock-stars https://www.entrepreneurship.la/2022/07/22/hiring-rockstars/?utm_source=rss&utm_medium=rss&utm_campaign=hiring-rockstars https://www.entrepreneurship.la/2022/07/22/hiring-rockstars/#comments Fri, 22 Jul 2022 21:17:39 +0000 http://ahmad.works/writing/?p=57 Hiring is the most critical part of any team/organization/company’s business strategy. Without a great team, you have nothing.

The title of the post is Hiring Rock Stars, and yes, that is what all startups want and what you should be looking for, but depending on the maturity of the startup and the stage it is in, it will definitely require a different focus in terms of the seniority and experience of the candidates you are going to be hiring.

Startup (Early Stage with no Investment)

When I started, I didn’t have much money to invest, so I was looking for potential, not experience; I was looking for people with different values and characteristics.

  • Grit,
  • Growth Mindset
  • Resilence
  • Teamwork
  • Adaptability
  • and Learning fast

Those were characteristics and soft skills I was looking for in a team member regardless of seniority, so all these were more important than the experience, at least for now.

Startup (Early Stage w/Investment)

You can hire rock stars, but be careful to hire someone who is too corporate. When developing your business strategy, you might want to have people that understand that constant change is always happening and can adapt to them. They must have all the characteristics explained before, but now you can search for more experienced members according to your budget. If applied correctly, your business strategy is going to be limiting the number of mistakes and improving efficiency.

The key is to have the right person in the right role to scale a team and company

Startup in Scaling Process (with and without investment)

You need to hire the right person for the right role, or the consequences will be harmful; here, the recruitment process is even more complex, and cultural fit is ten times more necessary. If you have the right person in the right role company will fly!

Recruiting Process

My recruiting process from day one was designed to force you to fail. I didn’t care about the resumes or anything they might say they did or how special they say they are… everyone could say that in an interview. I was interested in making sure they had the characteristics listed above. So my secret formula for recruitment is:

  1. I don’t care about resumes.
  2. I will give you a test on something that you don’t know (to see if you are a fast learner).
  3. I will hide parts of the test on purpose to see if they will have critical thinking and be upfront or even ask.

My findings using this formula were:

  • 50% of the candidates would not reply to emails or even showed up
  • 50% of the 50% would li
  • e on the test saying that they finished or they hardcoded part of the testThe rest would say they haven’t finished and that they needed more time to do so

What we also did was:

  • We had them take a pair programming test to see if they can work on teams or teach others
  • We had them take online tests with Talentoday to understand how we can complete any missing part of the characteristics needed.
  • We called previous team members or managers, just to double check what we saw, though this is not part of the original process.

We currently have a final test, the cultural interview, that is carried out by the CEO or Founder, so that we explain from day one how life at the company really is and set up the right expectations.

Don’t compromise on quality, even with a tight budget or time constraints. Lowering your standards in recruiting can lead to long-term company issues. If you fail, do so quickly, learn from it, and refine your process for future success.

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A New CEO for your Startup https://www.entrepreneurship.la/2022/07/22/new-ceo-for-your-startup/?utm_source=rss&utm_medium=rss&utm_campaign=new-ceo-for-your-startup https://www.entrepreneurship.la/2022/07/22/new-ceo-for-your-startup/#respond Fri, 22 Jul 2022 16:11:48 +0000 http://ahmad.works/writing/?p=60 In many cases, one of the founders usually became the CEO of the startup and scaled with it; that was not my case; there is no good or bad answer about this; it will depend on each entrepreneur. I always like to build startups/companies that do not rely on me, so from the beginning of Tekton, I was always looking for a new CEO. When we talk about a CEO meaning in business, it is the chief executive officer, the individual responsible for leading and managing the company.

This journey started several years ago, almost at the beginning of Tekton, because I was the CEO not by choice; I was the CEO by need. In a way, for me, the essential part of building a startup is to create good quality products and to make them long-lasting; this means that the company should be more significant than the founder if that is the case. Understanding the CEO meaning in business is crucial to achieving this.

I tried for many years to recruit an executive team. As you might realize, I didn’t have much luck, which could be due to various reasons, from not knowing what I wanted, not making a proper selection process, and the maturity of the company and myself.

Long story short, I mentor several universities and accelerators, offering guidance on various aspects of entrepreneurship, including the “CEO meaning in business.” During one of my mentoring sessions, I met Lorena Ortiz de Zevallos. She was not part of the program per se. She was invited because of the need for tech orientation. In the end, her StartUp didn’t work out, and then we had lunch; I still don’t remember how we approached the subject of looking for a CEO, and suddenly she said I could do it!! Initially, I was not sure, but I said let’s talk….

After all my bad experiences hiring non-technical people, I was sure I wanted it to be as close to 100% as possible before hiring. My process was the following:

Every founder is no requeried to be the CEO o C-Level of their startup.

First Phase

  • Meeting with my partner and COO.
  • Meeting with a crucial advisor/Board Member.

Second Phase

  • Meeting with Key people of the company (Rock Stars)
  • Dinner with several employees of the company to provide feedback.

After all these meetings -that took longer than expected-, we decided to move forward. I think she got three months before moving from her old job. To make this work, I applied something different. I had her participate in several key company meetings, even before joining Tekton officially, so she was already learning about technology, our way of doing things, and getting acquainted with the company. I think this was a key differentiator.

It’s been three years since she took charge, and I can honestly say it’s been a rollercoaster (just as happens in all great and solid relationships), from going through emotional stress (mostly on my end) to having lots of fun and amazing experiences together. I’m glad everything worked fine, and it still does, but I must admit there were so many things that could go wrong. Some of my fears with the new CEO were:

  • Not adopting the culture of Tekton.
  • Tekton’s culture changing into something different than I expected
  • Not being able to work with the people at the company
  • Quit after 3 or 4 months (Tekton is excellent, but we have a lot of things to improve)
  • Not being able to learn technology as fast as needed it
  • Not be clear on the vesting agreement we had
Those who know me understand my unique thinking process. Here are my tips for a successful transition:
  • Set clear expectations on both ends, including your work preferences.
  • Spend as much time as you feel they need you close. I spent six months working very close to her so she could clarify any doubts or concerns, do an adequate knowledge transfer and give her confidence.
  • Give them some space to verify if they are ready for the real world. I left the office for almost nine months to make sure everything was working as I expected. This gave me an idea for how things would be like in the future. That’s the only way, for me, to gauge the company’s future prospects.
  • Have monthly checkpoints to follow up on their progress.
  • Last but not least, I took the time to understand what her motivations are so I could keep her focus towards that. This made a huge difference.

This article is probably the first part of a series of articles so I can continue explaining the journey.

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Culture? What it really means? https://www.entrepreneurship.la/2022/07/19/culture-startup/?utm_source=rss&utm_medium=rss&utm_campaign=culture-startup https://www.entrepreneurship.la/2022/07/19/culture-startup/#respond Wed, 20 Jul 2022 04:42:00 +0000 http://ahmad.works/writing/?p=74 What is culture? The best definition I like is that an organization culture is what happens when the founder or leader is not there.

I genuinely believe that the significant reason Why Tekton survived all the challenges we faced was because of the team we were able to have, and all this was thanks to our culture; we have a lot and some very critical issues along the way. In this article I will explain examples of culture, you will be able to decide do you like. 

I know a lot of companies and startups that try to force their “organization culture,” but the reality is that you can’t force culture; Also, Culture defines how we interact with clients, employees, and the company’s vision. Culture can’t be fake, so my first recommendation is that you decide what values and culture you want for your company from day one. 

Culture Examples

Education System in Latam Culture 

The culture in most universities and school all over the world but specifically in Latam are based on a fixed mindset (dont make mistakes, failure is terrible, among others), so when I was in school in Peru, I asked one of my professors how I can sell software in the  US, and their answer was that was impossible, this was not the answer of one professor, this the response of most of them and this define the type of culture that they had, thanks to them I realize that I never want to be like them, in technology, in particular, failure and mistakes are part of the journey, and you want people to align to that not scared of making mistakes because they will get a memo. 

You can’t make good wine with bad grapes.

Tekton Culture

I was in my second year of the university when I decided to create Tekton. Still, from day one, I realized first that I would serve the US market (which is bigger, pays faster, has better rates, and has a different mindset). I had no idea how to do it; I only knew that I was going to make it happen, you need crazy people to join you, especially if you are only in your early 20’s trying to do that with any investment, so I was able to recruit. Together we co-create Tekton culture with my team having the following aspects:

  • Failure is part of the journey; my slogan was: Fail, fail again, fail better.
  • Anything is possible; have a growth mindset mentality 
  • We are like Water. We adapt to everything because the only constant is that everything changes.
  • The world is flat. I dont care where you came from… I care where you want to go.
  • We are an elite force; where everyone else fails, we succeed.
  • Everyone is a Master and an apprentice in learning

The culture will evolve over the time and maturity of the company, but the core will be the same; one of the better tests for the culture of a startup or company is a crisis like Covid19; that’s where realize that culture is not an office or a coworking space with pool tables and beer. 

Also, a crucial part of organization culture is the recruiting process; you need to see this process as a sales funnel, and the objective is to maximize conversion (meaning good candidates).

As I always mentioned, you can’t make good wine with sour grapes. I hope it helps!

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