Ted Teo Business Show · 44 min
Josh Little is a serial entrepreneur who has founded multiple tech companies. His earlier ventures Maestro and Bloomfire which he has since exited have been wildly successfully, and today he is disrupting the way we communicate with Volley. Volley provides users with the ability to communicate with asynchronous communication by allow users to record videos which others can respond to at their own time. Join us as Josh shares about the importance of testing your product or service in the market, how he maximizes his customer retention rates and his framework to coming up with great business ideas. Resources: - Check out the Volley App! Actionable Take-aways: 1. Always get your minimum viable product out into the market to test it as soon as you can. You can never fully predict how the market will react to your product or service and the only way is to test it. 2. Customer retention rates are as crucial as growing your customer base. Find out what behavorial patterns lead to higher retention rates and focus your efforts to maximize it to improve your retention rates. 3. The only way to come up with good ideas is to allow yourself to come up with bad ideas.
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