Building an #MVP is the first step in building a #startup. Whether a feature should be added or not, better to launch early with less or late with more are questions founders struggle with. Below 👇👇👇 is a #tweetstorm on @mwseibel's 'How to plan an MVP'

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RidiculouslyRichbyAlan...
@Alana_Spencer_

Well what a year - a thread!😅

I can still remember the exact moment lockdown was announced, and my whole business was instantly teetering over the edge of a cliff...

#GoodBye2020 #Hello2021

The turning point was a rather emotional social media post, where I laid myself bare and basically had a bit of a public meltdown. Within minutes, two really important things happened that changed everything...

Firstly, on-line orders started arriving, which took the business in a new direction, and showed me there was light at the end of the tunnel.

Secondly, and just as importantly, messages started flying in from people in similar or worse positions than me and that was the trigger (kick up the backside) I needed to drive things forward.

The fact these people had messaged me, irrespective of their own troubles, was so humbling and inspiring - and I haven’t looked back since.

GREG ISENBERG
@gregisenberg

I interviewed 5 billionaires this week

I asked them to share their lessons learned on startups, life and entrepreneurship:

Here's what they told me:

A startup idea isn't "one" idea

It's a 10000 ideas, 100,000 decisions and 1,000,000 headaches

You will lose some friends. Kiss most of your high school friends goodbye

Certainties of life:

- Death
- Taxes
- Losing friends

A sign of wealth:

No longer needing an alarm clock to wake up

When in doubt, please don't send that angry email response

Wait 24h. Go for a walk

Angriness makes you drunk. Send emails sobers

John Wilson
@WilsonCompanies

This is a very long thread. @SamtLeslie asked to give the playbook for service companies so here it is. Follow it and you’ll get to 5M+ in a few years.

This is pure operations playbook.

No leadership, financial or HR discussion. Enjoy.

Industry:
Doesn’t matter much. @sweatystartup has an awesome list of service industries on his website that will get the job done.

Trades:
If you are under 3M and in multiple trades you’re doing it wrong. I was there and it was a mess.

Businesses under 3M don’t have good system, managers, effective onboarding, training, hiring practices, or pricing methods. If you did then you’d be bigger.

Trades cont:
Multiple trades doubles that mess. Get your first business figured out then work on another.

I would recommend earliest 4M to add a second trade, if at all. Any earlier you’re splitting focus and treading water.

Focus Focus Focus.

Software:
If you’re using anything besides Servicetitan then please stop and go get Servicetitan. No other software even close to their capabilities.

It is 50% more expensive than other programs on the market while making you 100% better than any competitor not using it.

Justin Welsh
@thejustinwelsh

Today, my little one-person business crossed $3M in revenue.

It took 1,187 days, I ran zero ads & operate at a 94% margin.

Here are the 20 steps of my wild & strange journey:

Hope it's helpful to someone.

[🧵 thread]

1/ Created lots of noise

When I was just getting started, I looked at attention as my friend.

I wrote content every day before I even had a business, just to find my voice.

I started on LinkedIn.

I shared my thoughts & observations about building a SaaS unicorn as the CRO.

2/ Honed in on signals

Inside all of that noise was some signals.

Sometimes I bombed, and sometimes I struck a chord.

The more I looked at what resonated, the more I doubled down.

This allowed me to understand what people cared about.

So, I kept writing & talking about it.

3/ Built a service business

My experience building SaaS was resonating. So I began creating more and more content about that.

Founders sent me DMs asking questions.

I responded to every single one.

Once I had prospects in my funnel, I started consulting.

4/ Found my ideal customers

Inside your customer base is more signals.

What are the commonalities between the customers you love & those who love you?

Mine were early-stage SMB SaaS in the healthcare space. A space I was experienced in & loved.

That became my ideal customer.

Alex Brogan
@_alexbrogan

Most people have only just seen the opening scene of the internet.

But behind the curtains there’s pure gold.

Here are 10 of the most useful websites in existence:

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You can build, plan, and visualise your website structure and create content in real-time.

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Examine lets you cut through the noise on Nutrition and supplement information.

It’s got zero conflicts of interest: No ads, No industry ties.

Mueller's officially end his investigation all on his own and he's gonna say he found no evidence of Trump campaign/Russian collusion during the 2016 election.

Democrats & DNC Media are going to LITERALLY have nothing coherent to say in response to that.

Mueller's team was 100% partisan.

That's why it's brilliant. NOBODY will be able to claim this team of partisan Democrats didn't go the EXTRA 20 MILES looking for ANY evidence they could find of Trump campaign/Russian collusion during the 2016 election

They looked high.

They looked low.

They looked underneath every rock, behind every tree, into every bush.

And they found...NOTHING.

Those saying Mueller will file obstruction charges against Trump: laughable.

What documents did Trump tell the Mueller team it couldn't have? What witnesses were withheld and never interviewed?

THERE WEREN'T ANY.

Mueller got full 100% cooperation as the record will show.