Showing posts with label Prism process. Show all posts
Showing posts with label Prism process. Show all posts

Tuesday, July 10, 2012

Think Big Accelerator Program Application Deadline in 1 Month


With just one more month to become involved in the Think Big Accelerator program, it's time to


DEADLINE: August 10, 2012

The Think Big Accelerator Program is an intensive 14-week program with the goal to help you turn an idea into a profitable company.  But the Think Big Accelerator Program doesn’t require an entrepreneur to drop other critical obligations while building a dream business.  And that’s what makes it unique.

In just 14 weeks, entrepreneurs will:
  • Learn the Proof of Concept Rapid Innovation Sequence Method (PRISM)
  • Find a Minimum Viable Product (MVP)
  • Create milestone-based processes with management teams
  • Connect with resources, network partners, service providers and syndication partners
  • Create marketing plans
  • Offer ongoing coaching and mentoring from experienced entrepreneurs
  • Experience a full-blown Demo Day with investors and VCs

Learn more and apply at www.thinkbigpartners.com/accelerator

Tuesday, January 24, 2012

Kansas City Entrepreneur Cures Couch Potato Syndrome with Local Ruckus


WRITTEN BY ALLISON WAY, SENIOR COPYWRITER & CHIEF EDITOR
Facebook.  Twitter.  LinkedIn.  It's difficult to imagine a day without these social media sites. They help us connect with the world, unwind, and live our lives with a click of a mouse.  But could these social media sites actually be "bad for us"?

Perhaps.  Although social media promotes networking, connecting, staying in touch and getting involved, it also promotes one of the most enjoyable activities of all: laying on the couch.

Couch potatoes everywhere rejoice in the name of social media!  Now there is a way to never leave the home, yet still connect on a daily basis with friends, family and the community (and what's even better: you don't have to walk across the living room to dial the phone!).

But, as we all know, this is a problem.  Just because you're being "active" on Facebook doesn't mean you're maintaining great relationships with friends.  Just because you're tweeting twenty times a day doesn't mean you're contributing to community discussions.  Just because you've LinkedIn with five new people this week, doesn't mean you're making strong business connections.

Kansas City entrepreneur Adam Arredondo saw this as a huge problem...as well as a fantastic opportunity.

"I was annoyed with the amount of time I wasted on Facebook," says Adam.  "I was equally annoyed with the little interaction I had with my friends.  So, I decided to create something that changed that."

Cue Adam's creation of Local Ruckus.

"Local Ruckus is one place to find everything happening in the community," explains Adam of his business venture.  "It gives you a reason to get off the couch.  It is a technology to get people to interact in more active ways."

How so?

Local Ruckus posts and promotes local events going on in the community.  It displays events, live music, volunteer opportunities, food and drink specials and coupons.  It's Groupon meets community board meets happy hour meets volunteer organization. And it's the number one social network that fights against couch potato syndrome.

According the Adam, current CEO and founder of Local Ruckus, the online site does three different things:

  1. It's a social media platform geared toward businesses and their content (rather than the individual such as Facebook or Twitter).
  2. It gives a bigger voice to charity and volunteerism.
  3. It gives a bigger voice to music, artists and smaller local businesses. 
But all in all, Local Ruckus is all about local discovery.

"Local Ruckus gives people the opportunity to find what they want, when they want it," says Adam.  "We're not reinventing the wheel here.  We're trying to open people's eyes to the things they don't know they're looking for."  

Currently, Local Ruckus is in Beta launch and is in undergoing the PRISM process with Kansas City's startup accelerator, Think Big Partners.  The site is also currently experimenting with the coupon and volunteer opportunity sections and is reaching out to the public to submit ideas to help give the site maximum impact (submit your idea now!).  

"I just want to have an impact on the community," says Adam.  "I want to create something that matters. I'm interested in these kind of opportunities and I love being able to capitalize on them."  

Adam has been through a lot of ups and downs in order to make his entrepreneurial dream a reality.  Learn more about Adam's Local Ruckus venture in the Q&A below:

How did you come up with the idea for Local Ruckus? 

"I ran Coffee News, a weekly event column for restaurants.  When running it, I realized I had to go to 12 different sites to find the information I was looking for.  It was ridiculous!  Then, it clicked.  That's when I saw the opportunity."

Why go into entrepreneurship in the first place?

"I never really had another thought other than to go into entrepreneurship.  The corporate world put a bad taste in my mouth.  I wanted that innovative, small business feel.  I wanted to go into something that I was motivated by.  In order to have that, I found out I had to do it on my own." 

What has been the hardest part about starting up Local Ruckus?

"It takes an unhealthy amount of confidence in yourself and in the idea.  You have gut checks all the time!  Also, entrepreneurship makes you come to financial realities.  That's a bit scary."

What about the best part?

"Getting launched and hiring our first employee...but it was also terrifying!  Also, I really enjoy the day-to-day conversations with our programmer.  It helps me learn how the product works and it helps me make my decisions."

What is one piece of advice you would give an entrepreneur?

"Don't half-ass anything.  Be 100% committed.  You can never research too much.  Don't jump into partnerships.  Product development is most important.  I guess that's more than one...haha."

How do you Think Big?

"That's the only way that I think!  I want to do something that has a major impact.  I think of things in nationally viable terms.  Success is a national product.  Kansas City is just a stepping stone for us."  

Follow Local Ruckus!  @LocalRuckusKC
Follow me! @AllisonThinkBig


Thursday, December 15, 2011

The Fine Line Between a Great Product and a Total Failure


WRITTEN BY BLAKE MILLER, PARTNER

Comedian Louis C.K. (Saturday, December 10th, to be exact) recently made an unorthodox move of bypassing traditional release methods and releasing his latest comedy special, Live at the Beacon Theater, for $5 online via Pay Pal (or credit card.)  Along with the offering, Louis C.K. very nicely asked that people don’t pirate this video or “torrent it”, stating that he paid for the whole production himself.  The results?  C.K. released some numbers which were quite impressive.  As of today, 110k copies have been sold for a total intake of over $500k, covering his cost and netting him $200k so far.

Why am I talking about this? I want to speak about developing and offering not just a new product, but a great new product.  Louis, in my opinion, is a great comedian.  Simply put, I also think he has a great product.  He was able to make more on his own than by other paid resources by having a great product.  A great product creates brand loyalty.  It creates a viral presence. And most importantly, it creates REVENUE! 

In my opinion, developing a product that is truly great is the only thing that matters when creating your startup.  I want to make it clear; I do not think having the most features on a product declares it the winner.  I think it is the right features that make a great product truly revolutionary. And hey, that’s what we are all out here trying to do, right? Innovate and start a revolution.  Change how people do things.  Hell, even impact a city.

We recently started on a project that I (in all honesty) wasn’t sure of at first.  We went through a process we use at Think Big Partners called the Prism Process (that’s a whole other blog post in itself.)  After going through this process, I bought in.  I started seeing how the idea could truly change the way people plan their collective lives, thanks to the Prism Process. 

This project is based around a great product.  We found it “great” through the Prism Process.  But what differentiates a product from being proclaimed as great and being proclaimed as so-so?  Here are a few key points that I have found to be true when working as a product manager with startup companies:


1.  A great team is key. Find the people who know their limitations (that includes myself).


2.  Engineers usually think in terms of implementation.  While the designers think creatively, they figure out how to make the creations a reality.  This makes for an incredible User Experience (also known as “UX”).


3.  UX design isn’t just the visual look of the product, it’s also the interaction of the design.


4.  The functionality of the product (product features or must-haves) and the UX by nature, are interconnected.


5.  It’s important to test new products early and often.  This startup we are working on is somewhat radical and complex, so this step is absolutely crucial to its success.


6.  Do your best to find a minimal viable product (or “MVP”) that meets your objective as a startup and launch ASAP.  Keep in mind, this MVP must provide the most frictionless user experience possible.


7.  Keep in the lean startup frame of mind.  Once you find this sweet spot, launch right away.  That means getting users on the site and quickly figuring out which features make sense and which ones don’t.  In the instance with our new project, my bet is that we throw some features out the window and figure out something else.  

The success of a great product comes from the belief in an even greater idea.  Be strategic, form a dynamite team, test, test, test and then build a great product from the ground up.  You’ll be surprised to find that when you launch a truly great product, the rest (like success) will follow. 

Follow me! @blakemiller32