#113 The #1 Reason Startups Fail: Ignoring Product-Market Fit | Hermann Woithe
Manage episode 451552132 series 3317972
Hermann Woithe is the founder of Changemastr, a strategic consultancy that focuses on positioning seed-stage startups for funding & scaling. With a background in telecoms & over 20 years in strategy consulting he is on mission to become the most trusted strategic growth partner for seed-stage startups in the UAE.
This episode explores the journey from corporate to startup, revealing how to master positioning, prioritize effectively, and achieve product-market fit. Discover actionable insights on scaling, demand validation, and securing the right investors to fuel your growth.
Last Message: "Join a startup community, because the value you get will be greater than what you can learn on your own"
0:00 Intro
1:47 Herman background
3:50 The world of Telecoms
14:50 How was the transition from corporate to startup?
17:50 Positioning is constantly evolving
20:50 Why early-stage entrepreneurs struggle to prioritize?
24:50 Email marketing vs Google ads campaigns
32:50 Product-Market Fit
39:20 How do I know if there is demand?
42:50 Converting keyword data into intelligence
47:45 Start by focusing on your skill sets
50:50 When is it the right time to ask for help?
55:50 Scaling challenges
1:02:50 Pitch deck key components
1:09:10 Finding Investors
1:12:20 Changemstr
1:13:50 Proud
1:15:55 Last message
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Website: https://www.changemastr.com/
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