A big mahalo to Tarik Sultan, Manager Partner of Sultan Ventures, for leading yesterday’s “Business Model Canvas and Lean Startup Overview,” one of two free workshops MEDB has offered to prepare entrepreneurs for next week’s Startup Weekend Maui.
Those who attended yesterday’s workshop learned the value of the Lean Startup method, a scientific approach to creating and managing startups. This approach teaches you how to drive a startup – how to steer, when to turn, and when to persevere – and grow a business with maximum acceleration. It is a principled approach to new product development.
According to Tarik, the most important things for a new startup is having the right value proposition for the right customer segment and, more importantly, it has to be a unique value proposition. It means knowing what differentiates you from your competitors, identifying your customer segment, and making sure your product or service fulfills a need. Ask yourself – is my product or service a pain-alleviator, a game creator? Am I making my customers’ lives easier and/or taking away a pain that they experience day-to-day?
Tarik who, with this brother Omar, have been involved in every Startup Weekend in Hawaii since the beginning are looking forward to next week’s Startup Weekend on Maui happening May 13-15. “Personally, working with startups is great because I get to put on a different hat every day. One day I’m working on a lifestyle startup, another day I’m working on a clean tech startup. So it’s really cool to see the impact these entrepreneurs are having on the world.”
Don’t forget there’s one more opportunity to get ready for Startup Weekend Maui with the upcoming Pitch Bootcamp on Tuesday, May 10th. Perfect their startup pitches and receive feedback from peers and mentors during this free workshop. You’ll gain helpful tips on crafting a strong 60-second pitch for your startup idea and have an opportunity to hone your presentation skills through practice sessions. Dinner will be provided.