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Automation, Ecosystems, & Hypergrowth: One Little Idea At A Time
Manage episode 347126252 series 2867113
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When Captain Hoff (Steve Hoffman) tries to help startups scale their businesses, he discovers a unique pain point that people have and creates a solution for it. How can you take your service and make it a product that you can scale?
"The founders of YouTube, when they started, they did not think of the big idea. They did not think, we're going to build the largest video broadcast network in the world. We're going to change how the Internet works and people consume content. They did not think that..."
Steve Hoffman is the author of Make Elephants Fly and the founder of Founders Space, a global startup incubator and accelerator. He has over 25 years of experience as an entrepreneur and has helped hundreds of startups around the world grow and scale their businesses.
This is Steve Hoffman's story...
I'm Steve Hoffman, and I'm the author of Make Elephants Fly. I'm also the founder of Founders Space, a global startup incubator and accelerator. I've been an entrepreneur for over 25 years, and I've learned a lot about what it takes to grow a business. One of the most important things I've learned is that successful startups don't just sell a product once to customers. Instead, they use a recurring revenue model to keep customers locked into their business. This allows them to grow without being limited by the number of people they can hire. I've also learned that it's often more effective to start small and solve specific problems that you notice in your customers' process. This was the case for YouTube, which started as a video dating
In this episode, you will learn the following:
1. How do successful startups achieve rapid revenue growth?
2. What is the difference between productization and standardization?
3. How can thinking small lead to big innovation?
Resources:
The Five Forces That Change Everything
Connect with Mike & Kevin:
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