A Painful Truth About Being First to Market - Medium

First movers must deal with far more unknowns, given the idea is untested in the market. First movers have far less data to leverage for decisions making. HomeNotificationsListsStoriesWritePublishedinTheStartupAPainfulTruthAboutBeingFirsttoMarketCredit:pexels.com/@gratisographyIrecentlyworkedwithayoungentrepreneurwhowantedtolaunchanewbusiness.Shewasveryexcitedabouttheconceptandbelievedshehadfoundaspecificanglethatnobodyelsehadintroducedyetandcouldexploitwhatsheknewas“firstmoveradvantage.”Iwasexcitedforheraswell,butnotforthesamereasons.MorefromTheStartupGetsmarteratbuildingyourthing.FollowtojoinTheStartup’s+8millionmonthlyreaders&+754Kfollowers.ReadmorefromTheStartupMorefromMediumThe3typesofpeopleyouneedtonetworkwith/haveonyoursideasyouralliesifyoudecideto…WyattTaubmanofViveOrganic:5StepsThatEachOfUsCanTakeToProactivelyHelpHealOur…TheMomentIKnewIWantedThisLife:ToBeAnEntrepreneurLostinTrustTrusteverybody,butalwayscutthecards.Themodernstateofdealmakingstillfrequentlymissesonecrucialstage:verifyingbusiness…SupermakerLaunchesEntrepreneurialDreamProjectSupportingNewBusinessFoundersDuringCOVID-19HowtoNetworkwhengoingGlobalSincewelaunchedfinder.comglobally,I’verealisedwhynetworkingissoimportant.It’spartofourlaunchjourneyandsetsthe…HowDoWeGrowtheNextGenerationofEntrepreneurs?(SaaS)HowWeGotOurFirstPayingCustomersHeyeveryone!ThisisAllenfromStagelight.io(https://stagelight.io),acompanythat’sprovidinga“demoasaservice”forSaaSwebsites…GetstartedPeterGasca757FollowersLivingatthexsectionof#business,#parenting,#fitness,#100orBust.SeniorChangeManagementandUX/CXConsultant.Try,ordienotknowing.FollowRelatedWhathappenstoyourbusiness?customersaresayingBusinessleadership&managementreflectionsfrom10yearsofbuildingVaynerXalongsideGaryVee3ReasonsWhyRestaurantsshouldOwntheirCustomerDataUsetheEffectuationMaptoIterateYourBusinessModelHelpStatusWritersBlogCareersPrivacyTermsAboutKnowable