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How to Turn a Full-Time
Job Into a B2B Business
Opportunity
>
2x B2B Startup Founder
(Flagback & HireVoice)
Recognized Usability &
UX Research Expert
2013 Most-Liked
SlideShare Presentation
Creator
Author of Lean B2B:
Build Products
Businesses Want
>
Where did the majority of Inc. 500
founders find their business ideas?
50% of founders got their idea at
their previous employer
50%*
* Study by University professor Amar Bhidé for The Origins
and Evolution of New Business (2000)
Outside-In
vs.
Inside-Out?
Part I
The Insider’s Competitive Edge
1.
Easy access to customers
Start a business where you can
get access to customers easily.
- Max Cameron, Kera Co-Founder and CEO
2.
You know the initiatives
& business priorities
If you don’t, you can ask...
3.
You can define the problem owner,
the buyers & figure out where to
start selling
4.
You get credibility and expertise
because you're from the market
If not, you can fake it...
5.
You can run ROI calculations
and start with real data
6.
You understand the risks & what it
takes to sell to large businesses
To overcome the “Status Quo Coefficient”,
your solution should be at least two times
faster, two times better and two times
cheaper than the known alternatives.
7.
You can build a relevant professional
network on company hours
8.
You can pivot on the cheap at
the idea level
It takes a while to get on people’s calendars [...]
For this reason, it doesn’t make sense to leave
your job before having a good indication that
you are working on a real business opportunity.
9.
You can turbo-charge long sales
cycles by starting with a paying
customer
Part II
Other people have done it
+
Martin Ouellet
+
Pyramid Digital Solutions Sells Assets to SunGard Business Systems
Dharmesh Shah
+
iBwave Makes PROFIT 200 List of Canada’s Fastest-Growing Companies for Third Consecutive Year
Martin Bouchard
Part III
Obvious Challenges
Is it a market of one?
Will anyone buy?
Can it be productized?
How will you transition from
employee to entrepreneur if
you’re successful?
Fire !!
Part IV
How to do it
The First Question to Ask Yourself:
Core Business?
Non-Core Innovation?
Keep your eyes out for explicit
and implicit problems.
People love to talk about their
problems. The moment that you’re
talking about a person’s problems,
they’re happy.
- Brant Cooper, The Lean Entrepreneur Co-Author
Network. Talk around the
problem. Get different inputs.
Narrow the field. Score problems
by pain, budget availability and
impact potential.
Understand what you need to
replace.
Understand the market, the
watering holes, influencers, risks,
buyers, buying processes, etc.
Create a plan to test your
hypotheses.
There are
other
customers
The product
can be
productized
The market
is wide
enough to
sustain a
business
Th
won
le
restr
Solicit a broader set of voices.
+ =
“Interesting” is a distraction,
watch out.
Don’t build. Negotiate your exit.
Leave on good terms.
Part V
Key Takeaways & Conclusion
Which makes most sense?
A Paid Work
B Saving up?
Which makes most sense?
The best time to be an entrepreneur is
when you, and your team, have really
learned about an unmet need,
understand the customer’s pain and you
are ready to take the plunge.
- Ken Morse, Serial Entrepreneur &
MIT Entrepreneurship Founder
The shortest path to successful
entrepreneurship is what you already
know. Start there.
«This is a must read for every B2B entrepreneur, SaaS creator or
consultant and business school student. It's the kind of book you
don't read once, you go back to it on a regular basis. » - Carmen
Gerea, CEO & Co-founder, UsabilityChefs
«Treat this book like a map to show you where you are and a
compass to show you the direction. I wish I could have read it 2
or 3 years ago. » – Jonathan Gebauer, Founder, exploreB2B

« Lean B2B is filled with rock-solid advice for technology
entrepreneurs who want a rapid-growth trajectory. Read it to
increase your certainty and your success rate. » - Jill Konrath,
Author of AGILE SELLING and Selling to Big Companies

«The book I read of which I have learned the most. » - Etienne
Thouin, Founder and CTO, SQLNext Software

«This book is essential reading for would-be entrepreneurs who
face the daunting task of entering B2B markets. » – Paul Gillin,
Co-Author, Social Marketing to the Business Customer
Thousands of innovators
around the world use
LEAN B2B
@egarbugli /egarbugli
www.leanb2bbook.com
Étienne Garbugli:

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How to Turn a Full-time Job Into a B2B Business Opportunity

  • 1. How to Turn a Full-Time Job Into a B2B Business Opportunity
  • 2. > 2x B2B Startup Founder (Flagback & HireVoice) Recognized Usability & UX Research Expert 2013 Most-Liked SlideShare Presentation Creator Author of Lean B2B: Build Products Businesses Want
  • 3. >
  • 4. Where did the majority of Inc. 500 founders find their business ideas?
  • 5. 50% of founders got their idea at their previous employer
  • 6. 50%* * Study by University professor Amar Bhidé for The Origins and Evolution of New Business (2000)
  • 8. Part I The Insider’s Competitive Edge
  • 9. 1. Easy access to customers Start a business where you can get access to customers easily. - Max Cameron, Kera Co-Founder and CEO
  • 10. 2. You know the initiatives & business priorities If you don’t, you can ask...
  • 11. 3. You can define the problem owner, the buyers & figure out where to start selling
  • 12. 4. You get credibility and expertise because you're from the market If not, you can fake it...
  • 13. 5. You can run ROI calculations and start with real data
  • 14. 6. You understand the risks & what it takes to sell to large businesses To overcome the “Status Quo Coefficient”, your solution should be at least two times faster, two times better and two times cheaper than the known alternatives.
  • 15. 7. You can build a relevant professional network on company hours
  • 16. 8. You can pivot on the cheap at the idea level It takes a while to get on people’s calendars [...] For this reason, it doesn’t make sense to leave your job before having a good indication that you are working on a real business opportunity.
  • 17. 9. You can turbo-charge long sales cycles by starting with a paying customer
  • 18. Part II Other people have done it
  • 20. + Pyramid Digital Solutions Sells Assets to SunGard Business Systems Dharmesh Shah
  • 21. + iBwave Makes PROFIT 200 List of Canada’s Fastest-Growing Companies for Third Consecutive Year Martin Bouchard
  • 23. Is it a market of one?
  • 25. Can it be productized?
  • 26. How will you transition from employee to entrepreneur if you’re successful? Fire !!
  • 27. Part IV How to do it
  • 28. The First Question to Ask Yourself: Core Business? Non-Core Innovation?
  • 29. Keep your eyes out for explicit and implicit problems.
  • 30. People love to talk about their problems. The moment that you’re talking about a person’s problems, they’re happy. - Brant Cooper, The Lean Entrepreneur Co-Author
  • 31. Network. Talk around the problem. Get different inputs.
  • 32. Narrow the field. Score problems by pain, budget availability and impact potential.
  • 33. Understand what you need to replace.
  • 34. Understand the market, the watering holes, influencers, risks, buyers, buying processes, etc.
  • 35. Create a plan to test your hypotheses. There are other customers The product can be productized The market is wide enough to sustain a business Th won le restr
  • 36. Solicit a broader set of voices. + =
  • 37. “Interesting” is a distraction, watch out.
  • 38. Don’t build. Negotiate your exit. Leave on good terms.
  • 39. Part V Key Takeaways & Conclusion
  • 41. A Paid Work B Saving up? Which makes most sense?
  • 42. The best time to be an entrepreneur is when you, and your team, have really learned about an unmet need, understand the customer’s pain and you are ready to take the plunge. - Ken Morse, Serial Entrepreneur & MIT Entrepreneurship Founder
  • 43. The shortest path to successful entrepreneurship is what you already know. Start there.
  • 44. «This is a must read for every B2B entrepreneur, SaaS creator or consultant and business school student. It's the kind of book you don't read once, you go back to it on a regular basis. » - Carmen Gerea, CEO & Co-founder, UsabilityChefs «Treat this book like a map to show you where you are and a compass to show you the direction. I wish I could have read it 2 or 3 years ago. » – Jonathan Gebauer, Founder, exploreB2B
 « Lean B2B is filled with rock-solid advice for technology entrepreneurs who want a rapid-growth trajectory. Read it to increase your certainty and your success rate. » - Jill Konrath, Author of AGILE SELLING and Selling to Big Companies
 «The book I read of which I have learned the most. » - Etienne Thouin, Founder and CTO, SQLNext Software
 «This book is essential reading for would-be entrepreneurs who face the daunting task of entering B2B markets. » – Paul Gillin, Co-Author, Social Marketing to the Business Customer Thousands of innovators around the world use LEAN B2B @egarbugli /egarbugli www.leanb2bbook.com Étienne Garbugli: