Turning Ideas into Thriving Businesses

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Key Insights

The document discusses turning ideas into thriving businesses, emphasizing the importance of building tech companies and helping tech founders.
It covers different business types: Product-based (tech startups), service-based, and other types like engineering and manufacturing.
Idea validation involves problem identification, understanding the ideal customer, examining current solutions, assessing market opportunity, and creating the solution.
The content highlights key aspects from 'Zero to Hero' like idea validation, product development, user/customer acquisition, and customer support.
Building a business is hard and it is important to have building, growing and scaling.
It also covers aspects like problem, solution, unique value proposition, unfair advantage, customer segments, alternatives, channels and cost & revenue structure.

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1. Turning ideas into thriving businesses Building Tech Companies since 2004 Helping Tech Founders since 2006 Manoj Ranaweera manoj.ranaweera@techcelerate.ventures +44 07769734491 https://techcelerate.ventures https/deallite.uk https:/skilledup.life

2. Home Service About Us Contact Product based Typically, tech startups are product based digital tech companies which attempt to build a scalable product that could be sold many times without any customisations. Business Types Service based Service based businesses leverage knowledge of its team by offering services and tend to undertake projects. Uncertainty is bare minimum but scalability is hard to achieve. Other types Many businesses do not fall into product or service based, e.g. engineering and manufacturing. Some require significant capital, e.g. building and operating a power station.

3. Home Service About Us Contact Idea Validation 1 2 3 4 5 Problem Ideal Customer Current Solutions Market Opportunity Your Solution The deeper you understand the problem, the greater the chance of developing a winning solution. Whilst the problem may remain the same over time, the ideal solution keeps changing due to technological advancement. Hence the need for continuous innovation.

4. Who’s Problem? Yours Having an itch that would not go away how hard you try. Someone else’s Were you trying to find a problem to solve? Domain Knowledge How much do you know about the domain? Domain/Founder Fit wins

6. Problem Tech startups fail due to lack of teams to turn ideas into thriving scalable technology businesses. Can’t get the dream job due to lack of experience and demonstrable skills. Existing Alternatives 5Dhub Internshala WayUp Solution 2 sided market place Key Metrics MRR Customer growth Volunteer growth Volunteering growth Unique Value Proposition SkilledUp Life is a two sided market place where 55,000+ skilled volunteers meet hundreds of early stage tech companies looking for volunteer talent to build their tech companies. High Level Concept Turn ideas into growing tech startups. Develop high performers. Customer Segments Solo founders Less than 10 staffed tech startups Early Adopters Techcelerate Tech Startups. Unfair Advantage Founder has extensive tech startup knowledge. Exclusively for tech startup. Not venturing into eduction or job markets. Channels Accelerator Partners. Education Partners. Cost Structure Hosting fees Software tools Bare minimum staff costs Rent Revenue Streams Subscriptions

11. From one person team to 100+ Think Big, Start Small, Learn Fast and Execute well

12. Building a business is hard Building Ready to give up next 5 to 10 years of your life? Be ready to learn through failure. Growing Ideas are not worth a penny. Execution is what matters. Growth require patience. Timing matters Scaling Scaling becomes impossible if you pick the wrong business type. Early decisions matters. Founders need to eat. Protect your personal revenue channels.