
The Four Steps to the Epiphany: Successful Strategies for Products that Win

This is called mission-oriented leadership. In times of crisis or confusion, understanding why the company exists and what its goals are will provide a welcome beacon of clarity.
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
write down all of your company's initial assumptions, or hypotheses.
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
In reality none of these is the true objective. Simply put, a startup should focus on reaching a deep understanding of customers and their problems, their pains, and the jobs they need done to discover a repeatable roadmap of how they buy, and building a financial model that results in profitability.
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
What are the industry trends? What are key unresolved customer needs? Who are the key players in this market? What should I read? Who should I know? What should I ask? What customers should I call on?
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
You cannot create a market or customer demand where there isn't any customer interest.
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
Types of customers Customer problems A day in the life of your customers Organizational map and customer influence map ROI (return on investment) justification Minimum feature set
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
In general, what did you learn about customers’ problems? What were the biggest surprises? What were the biggest disappointments?
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
The goal is to have a single paragraph feature list that can sell to thousands of customers.
Steve Blank • The Four Steps to the Epiphany: Successful Strategies for Products that Win
InLook lacked what every startup needs: a method that allows it to develop a predictable sales process and validate its business model.