Steve Blank’s thoughts on customer development inspired a lot of entrepreneurs to include it in the business models. This podcast gives a recap of his thoughts and opinions, including methods he employed while working as an entrepreneur.
He lays the groundwork of business being driven by data as a critical part of succeeding and achieving billions-level revenue. He compares and contrasts data points of a company’s operations and a mobile phone.
Steve Blank: Great Entrepreneurship is Artistry
Steve also gives light to the role in establishing if a product is for a local or international scale and how this affects later business decisions. He also shares how it’s important to be in the real world to prospect for customers or investors. He lists some of the facts he thinks are relevant, such as habits, behavior, and their sense of urgency, to the formation of a product or service.
There’s also a discussion on how he thinks that the difference between a feature-heavy product and a product addressing an emotional need can mean either a success for the business or not. He cites his example of Steve Job’s method of being able to find the overlap between features and the created need.
Steve believes that an entrepreneur should possess flexibility in beliefs. An ability to identify and create the same patterns of thought would be beneficial to creating a need that will be the largest contributor to product success.
Listeners to this podcast can also find out why entrepreneurs are closer to artists and how Steve explains the current educational standards about entrepreneurial education. This may be the most important part yet of deciding whether you should delve into business. This can also provide information on how to be a successful entrepreneur.
As a founder and entrepreneur himself, he talks more about identifying behaviors that can categorically be red-flags. He shares his personal story of his dislike for teenagers just wanting to play a game and how he removed his thoughts as a product maker and put himself in the shoes of a consumer. Steve Blank also talks more about how a founder should be able to validate a problem and how this is useful in establishing processes that result in a successful business.