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Traction - A Startup Guide To Ge - Justin Mares - Part5
Traction - A Startup Guide To Ge - Justin Mares - Part5
See our introductory resources and discuss this chapter with us and
other startup founders on our forum:
http://tbook.us/intro
5 • Critical Path
Defining Milestones
The path to reaching your traction goal with the fewest number of
steps is your Critical Path. It helps to literally draw this path out,
enumerating the intermediate steps (milestones) to get to your
traction goal. These milestones need not be traction related, but
should be absolutely necessary to reach your goal.
In DuckDuckGo’s case, their traction goal was to get to 100 million
searches/month. They believed milestones they needed to hit
included a faster site, a more compelling mobile offering and more
broadcast TV coverage (in the PR traction channel).
Even though product features like images and auto-suggest were
continually requested, they believed they were not absolutely
necessary milestones in their Critical Path to reach that traction goal.
However, now that they are on the traction goal to get to one percent
of the search market, these product features are believed to now be
necessary milestones on this new Critical Path.
The reasoning for why these particular features weren’t necessary
initially was that even at 100 million/searches month their userbase
was motivated enough by other features to be forgiving of missing
these particular ones. However, to get to the next traction goal they
had to get more mainstream adoption and this next set of users is
much less forgiving.
In your company, your milestones will be different, but the point is to
be critical and strategic in deciding what to include. That’s why it is
called the Critical Path. For example, you may think to reach your
traction goal you will need to hire three people, add features A, B
and C to your product, and engage in marketing activities X, Y, and
Z. These are the milestones you need to do to get where you want to
go.
Next, order your milestones by which need to be done first, second
and so forth. For example, in Bullseye you want to run small tests to
validate assumptions about a traction channel before focusing on it.
DuckDuckGo set out to get on broadcast TV once and confirm that
strategy could move the needle before focusing on it.
In your product, you may need to build feature A before B because B
depends on A. In other words, you’re identifying dependencies. You
should also strive to figure out the shortest path. DuckDuckGo often
first incorporates software from external providers before embarking
on a more complicated build-out themselves.
The order of your absolutely necessary milestones is your Critical
Path. Once you’ve defined your critical path, it’s easy to determine
the direction to go in – just follow the path! In particular, work on the
first step(s) and nothing else. After these first steps are complete, re-
assess your critical path using the market knowledge you just
learned from achieving that milestone.
Your original plan is often wrong. For example, you thought you had
to build features A, B, C to get to your traction goal, but after building
A and getting market feedback you realize you need to skip B and
build C and D. That’s why a hard re-assessment after each step is
necessary.
This method helps you decide what not to do. Everything you do
should be assessed against your Critical Path. Every activity is either
on path or not. If it is not on the path, don’t do it!
We’re sure that some of these channels are unfamiliar to you. Why
spend time and money on a channel you know little about, or you
think is irrelevant to your business?
This bias may be preventing you from getting traction. You can get a
competitive advantage by acquiring customers in ways your
competition isn’t.
A major function of this book is simply helping you overcome your
biases against particular traction channels. There are three reasons
why founders ignore potentially profitable traction channels:
1. Out of sight, out of mind. Startups generally don’t think of
things like speaking engagements because they are usually out
of their field of vision.
2. Some founders refuse to seriously consider channels they
view negatively, like sales or affiliate marketing. Just because
you hate talking on the phone doesn’t mean your customers
do.
3. Bias against schlep – things that seem annoying and time
consuming. Channels like business development and trade
shows often fall in this category.
Be honest with yourself: which traction channels are you currently
biased for or against?
You can overcome your traction channel biases and increase your
chances of success by taking each channel seriously when using
Bullseye. Good mentors can also help you here by helping you
brainstorm and rank your channel ideas. Jason Cohen, who we
interviewed for offline ads, makes this point well:
“I’ll bet you a lot of your competition will refuse to even try these
channels. And if that’s true, that’s even more reason to go try those
channels! It can almost be a competitive advantage (at least a
temporary one) if you can acquire customers in channels that others
cannot, or refuse to try. That’s more interesting than duking it out
with AdWords competitors in positions 1–3.”