Anyone who needs 6 months for an AI project today has already lost โ not because of the competition, but because of the learning curve. In the last 18 months, I've built more working products than in the 10 years before.
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โก "We let the AI figure out how to make money" ๐คฏWhen asked how chatGPT will ever make money, Sam Altman, the CEO, said:"Honestly, we have no idea."But the next sentence is what really cracked me up:"We focus on making the AI a general intelligence first and then we will ask it how it can make money for us."๐คฏDo you understand the profound impact of this?This is Silicon Valley business building spirit taken to the EXTREMES.It has been normal the past 2 decades to focus on product first, get to l
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Day 1 of doing customer research for a new business idea ...and finding out what customers actually want. It's important though to get back up, dust off and start all over again on day 2.If customer research and the problem-solution fit is done right, magic can happen afterwards.#innovation #creativity #entrepreneurship #future #management #strategy #startups #whatinspiresme #pretotyping #designsprint #mvp #humanwritten
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โก ๐๐ผ๐ฎ๐น: ๐ฏ๐ฒ ๐๐ต๐ฒ ๐ฏ๐ฒ๐๐ ๐ฐ๐น๐ถ๐ฒ๐ป๐ ๐ณ๐ผ๐ฟ ๐ผ๐๐ฟ ๐ณ๐ฟ๐ฒ๐ฒ๐น๐ฎ๐ป๐ฐ๐ฒ ๐๐ฒ๐ฎ๐บ ๐บ๐ฒ๐บ๐ฏ๐ฒ๐ฟ๐.The possibilities we have to organise our business and deliver value to our clients keeps blowing my mind:thanks to the internet the best people in the world in their respective crafts can go freelance.We as Reruption benefit: our core team will always be made up of "jacks or jills of all trades, masters of none". That's what we need to be as Co-Preneurs.As soon as we need experts we hire freel
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โกย ๐๐ผ๐ ๐๐ผ ๐ณ๐ถ๐ป๐ฑ ๐๐ต๐ฒ ๐ฟ๐ถ๐ด๐ต๐ ๐ฝ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฟ ๐ฐ๐ผ๐ฟ๐ฝ๐ผ๐ฟ๐ฎ๐๐ฒ ๐๐ฒ๐ป๐๐๐ฟ๐ฒ, by example of a subscription business we built for fahrrad.deIn 2021 we were contracted by fahrrad.de respectively internetstores GmbH to build a bike subscription business for them, similar to Swapfiets.๐๐ ๐ณ๐ถ๐ฟ๐๐ ๐ ๐๐ฎ๐ ๐ฏ๐น๐ฎ๐ป๐ธ: how should we find a great entry price to start off with? What was a good price? Measured against what?Fundamentally there are two strategies to determ
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Your worst enemy as an innovation lab? Too much budgetInnovation labs create new future business opportunities. Those opportunities are found when thinking outside the box, being creative with little resources and having a sense of urgency.In my experience having too much budget tends to slow this process down and make the results worse:teams get complacent, lack a sense of urgency and do wasteful capital allocation to projects and resources that are not feasible or don't actually create value.L
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โก Fuck LinkedIn content, it's no fun to create.Why?I've been doing LinkedIn content for 5 months now. There have been successes: some leads and some business came out of it. Enough to keep going with LinkedIn as a channel.After posting daily for 5 months I did 126 posts, got 230.000 views and over 500 engagements. But:Anything that isn't dumbed down to the level of 3rd graders doesn't get any attention.So, what am I going to do?From now on I'll just post whatever the fuck I want without any stra
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Start a business on chatGPT? 4 reasons why I won't do it.๐ฅ๐ฎ๐ฐ๐ฒ ๐๐ผ ๐๐ต๐ฒ ๐ฏ๐ผ๐๐๐ผ๐บ Assume youโre doing a translation business that has chatGPT running in the background. Then all your competitors start using it. Everybody has the same cost structure. No one has a USP. Price becomes the differentiator. And there you have a it: a race to the bottom regarding prices and margins. No one wins.๐ก๐ผ ๐ผ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ The main value driver is the Large Language Model, the โArtificial Intelligen
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In Business Design it is critically important to continuously run experiments and test new ideas. Here are the top 5 reasons why this matters: 1. Discover new opportunities: By trying out new ideas and concepts, companies can open up new target markets and improve their products and services. 2. Create competitive advantages: Experiments offer the chance to differentiate from competitors and develop unique solutions. 3. Minimize risks
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What's bigger than the global newspaper industry and generates more revenue than YouTube? Tip: 3 out of 4 internet users use the company's website to research products... that's already a solid foundation. That's right, it's Amazon's advertising business ๐คฏ Amazon reportedly generated about ๐ฐ31 billion USD in revenue from this segment in 2021. Want more innovation-โก? Click the Like ๐ button! Source
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