For a new business in the 'Idea / Formation Stage,' identify the main challenges founders typically encounter. Then, list the recommended tools or frameworks from SKMurphy.com for this stage, and specifically detail the six key questions any product plan should address.
Navigate directly to the 'Idea / Formation Stage' page at 'https://www.skmurphy.com/startup-stages/idea-formation/' Identify and list the 'Key Issues for Founders' from the 'Idea / Formation Stage' page. Identify and list the 'Checklist/Models/Frameworks' from the 'Idea / Formation Stage' page. Click the 'First Seven Questions' link within the 'Checklist/Models/Frameworks' section. Identify and list the six questions presented under 'First Seven Questions Any Product Plan Should Answer'.
Successfully navigate to the 'Idea / Formation Stage' page. Accurately list all three 'Key Issues for Founders': 'How to get started?', 'How do I find partners?', and 'How do I attract a team?'. Accurately list all five 'Checklist/Models/Frameworks': 'Origin Story', 'Building From Where You Are', 'Startup Friendly – Scrappy Sales Framework', 'Red Flags: Identifying Incompatible Co-founders', and 'First Seven Questions'. Accurately list all six questions presented under 'First Seven Questions Any Product Plan Should Answer': 'Who is the buyer who makes the final decision? What are they responsible for? How are they measured?', 'Who else has to approve or has influence over the purchase decision?', 'Who actually uses it?', 'What kind of company, in what industry? Are there are other key attributes?', 'What pain, problem, or need does the buyer have? What problem do you solve?', and 'What are the symptoms or characteristics to look for in a company that would indicate pain or a strong need?'