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DACAT WORLD - Creative Crypto Investing Podcast by Russell Corey

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1. Solve a Real Problem • They identify a genuine problem or need in the market. • Their product or service offers a clear solution with a strong value proposition. ⸻ 👥 2. Understand Their Customers • They do deep research to understand their target audience. • They test ideas early with real users and gather feedback constantly. ⸻ 🚀 3. Start Small and Iterate • They begin with a Minimum Viable Product (MVP) — a simple version of their product to test market demand. • They refine their offering based on user feedback and market behavior. ⸻ 💼 4. Build a Strong, Committed Team • Successful startups are built by passionate, adaptable, and skilled team members. • Founders often wear multiple hats and are relentless problem-solvers. ⸻ 💡 5. Focus on Differentiation • They understand what makes them different or better than competitors. • They build a brand or feature that customers remember. ⸻ 📈 6. Track Metrics That Matter • They measure things like customer acquisition cost (CAC), lifetime value (LTV), user engagement, and churn rate. • They use data to make smart decisions and pivot when necessary. ⸻ 💰 7. Manage Money Carefully • They raise capital wisely (from angel investors, VCs, crowdfunding, etc.). • They keep overhead low and avoid unnecessary expenses early on. ⸻ 📣 8. Market Effectively • They use content, social media, influencers, SEO, and paid ads to build awareness. • They often build a community around their product or mission. ⸻ 🔄 9. Adapt and Pivot When Needed • If something isn’t working, they’re willing to change direction quickly. • Many successful startups pivoted from their original idea (e.g., Instagram, Slack, Twitter). ⸻ 🤝 10. Network and Find Mentors • Founders connect with advisors, investors, and other entrepreneurs. • They often join accelerators or incubators to gain traction and support.

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