Reflection – Learning Launch

Challenge

I took this course because I am developing an idea, and I was struggling with how to manage a non- profit venture in an emerging-market country; however, this tool -Learning Launch- has delighted me.  My problem was that I was thinking in big; I wanted to solve a country problem without knowing  whether or now my solution is suitable. On top of that, another big issue is this new environment and  game rules - this is an unprecedented time, and I have no idea how to run a venture from scratch.

Selection

As I need a tool that allows me to try, learn, and build on this learning, I think this Learning Launch tool  is great for solving the problem I am facing. I would start small, design a prototype, and go to the market  (a very small and specific market), observe, interview with some customers, get feedback, and build  again. It is a virtuous cycle that would be helpful for my venture. In my understanding is to make these  testings as cheap and as fast as possible.

Application

This COVID-19 crisis has created a lot of chaos, but at the same time, some opportunities. Many  countries have strict restrictions; however, this situation is a great chance to control your market and to  be close to your customers. I believe that in the middle of this crisis, my idea, which is related to health  services, could take its first steps.

While I am watching the videos, I was thinking about my stakeholders. Who do I need to reach out?  Who do I already know? What partnerships can I build? Nevertheless, I think partnerships are really  important to launch a venture, but I can’t wait for them. At these times, many potential partners are  more conservative than bold.

For this reason, I am planning to design a good-enough prototype and go to the market (a specific  niche), and offer my service. Observe what is going on with the customer interactions, and try to  understand what is valuable for them and how I can reach it.

I would try to apply a zero-resources-to-market approach. I would bootstrap my efforts to test my idea.  After some testings, I would know whether I am in the right way, or I should pivot to another strategy or  approach. I am working on this venture on my own so that this tool would help me to save resources,  and learn about what creates value for my customer.

Insight

There is no real insight yet. I will apply this tool in the following weeks; however, my personal insight is  that I should experiment and test my key assumptions (my value proposition) to know whether I should  stay with my idea or not. It is the best way to learn and be efficient. Furthermore, ideas are plentiful;  what really matters is taking action.


Reflection – Learning Launch Challenge I took this course because I am developing an idea , and I was struggling with how to manage a non- profit venture in an emerging - market country ; however , this tool -Learning Launch- has delighted me . My problem was that I was thinking in big ; I wanted to solve a country problem without knowing whether or now my solution is suitable . On top of that , another big issue is this new environment and game rules - this is an unprecedented time , and I have no idea how to run a venture from scratch . Selection As I need a tool that allows me to try , learn , and build on this learning , I think this Learning Launch tool is great for solving the problem I am facing . I would start small , design a prototype , and go to the market ( a very small and specific market ) , observe , interview with some customers , get feedback , and build again . It is a virtuous cycle that would be helpful for my venture . In my understanding is to make these testings as cheap and as fast as possible . Application This COVID-19 crisis has created a lot of chaos , but at the same time , some opportunities . Many countries have strict restrictions ; however , this situation is a great chance to control your market and to be close to your customers . I believe that in the middle of this crisis , my idea , which is related to health services , could take its first steps . While I am watching the videos , I was thinking about my stakeholders . Who do I need to reach out ? Who do I already know ? What partnerships can I build ? Nevertheless , I think partnerships are really important to launch a venture , but I ca n’t wait for them . At these times , many potential partners are more conservative than bold . For this reason , I am planning to design a good - enough prototype and go to the market ( a specific niche ) , and offer my service . Observe what is going on with the customer interactions , and try to understand what is valuable for them and how I can reach it . I would try to apply a zero - resources - to - market approach . I would bootstrap my efforts to test my idea . After some testings , I would know whether I am in the right way , or I should pivot to another strategy or approach . I am working on this venture on my own so that this tool would help me to save resources , and learn about what creates value for my customer . Insight There is no real insight yet . I will apply this tool in the following weeks ; however , my personal insight is that I should experiment and test my key assumptions ( my value proposition ) to know whether I should stay with my idea or not . It is the best way to learn and be efficient . Furthermore , ideas are plentiful ; what really matters is taking action .