Ep 58: My Product is Great! So, What’s Wrong?
“Everyone thinks my product is great!” In this episode, I discuss the biggest problem founders face with their products. This issue falls into the ‘stupid human tricks’ category.
I share a story about a recent interview of The Savvy Founder – where I can’t even remember the 4-letter word that every founder should know — Check out episode 51 for a refresher.
The point is everyone is human gets stuck; whether that is being in a new situation and under pressure where you forget a 4-letter word. Or when you’re building your new company and asking people for advice.
I was asked what is the number one issue – and that’s really a way of asking what is the number one stupid human trick that founders’ have? Easy I answered “Confirmation Bias”
Entrepreneurs are filled with enthusiasm for a bright future that they see so clearly that it might as well be a comet filling the sky that everyone should see. Yet it’s that enthusiasm that causes us to see what we want to see.
In this episode, I discuss Confirmation Bias; what it is; and how to avoid it by going back to “first principles” and questioning the most fundamental beliefs.
I share a practical example of how to use first principles to shift your understanding to focus on “what you know” rather than “what you think you know.”
Philip Topham is The Savvy Founder. Philip has an inquisitive mind and a passion for ideas. He’s impatient to see tomorrow’s future today. He helps technical founders build the business they want. He helps established businesses tap into their start-up founder to conquer a changing world. With more than 25 years across start-ups and corporate roles, Philip has been everything from janitor to the Founder and Chief Everything Officer.
Words of Wisdom
- Ideas are worthless; revenues are priceless; surround yourself with smart people.
- Life is a journey – molehills or mountains? it’s your choice.
Talk to The Savvy Founder:
Connect with The Savvy Founder:
LinkTree – https://linktr.ee/thesavvyfounder
Facebook – https://www.facebook.com/thesavvyfounder
Website – https://www.philiptopham.com
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