As the business world encounters technology, the barriers keeping many entrepreneurs out are slowly disappearing. Previously, you needed a huge investment of cash, good connections, a 50-page business plan, and a prayer. Now you just need a laptop and seven days. Actually, with 48 Hour Start-up: From Idea to Launch in 1 Weekend you might only need two.
What is 48 Hour Start-Up About?
The book 48 Hour Start-up is actually what it sounds like. Serial entrepreneur Fraser Doherty MBE wants to help prospective entrepreneurs discover and refine a launchable idea in just two days. Doherty’s reasoning behind his 48-hour deadline is simple. He argues that prospective entrepreneurs (aka wantrepreneurs) spend too much time and energy obsessing over the “perfect idea”. The time they waste waiting for the “perfect idea” is time that could be used refining and adapting that business idea for the customers who will actually use it.
48 Hour Start-up was designed to be a hacked version of the business-creating method developed since the start of Doherty’s first business. As Doherty readily admits, he had no idea what he was doing.He just knew that he liked money, liked selling things and liked connecting with people. That business is still running to this day, in part, because of the principles Doherty learned through either a mentor, experience (one of his first positions was “bacon boy” in Scotland), or by stumbling across it. In 48 Hour Start-up, he shares advice on how to find and shape a viable business idea that is ready to launch in two days.
Doherty is an entrepreneur, business owner and author from Scotland. Doherty’s first business as a teenager, SuperJam, featured an all-fruit jam that was inspired by his grandmother’s recipes. The incredible success of SuperJam earned Doherty the honor of becoming the youngest ever supplier to work with a retail chain and a spot in the National Museum of Scotland. Doherty is also the co-founder of Beer 52, a craft beer subscription service. In 2014, he became a Member of the Order of the British Empire.
What Was Best About 48 Hour Start-Up?
There are two key aspects of 48 Hour Start-up, the author’s transparency and his approach. In many startup advice books, authors are afraid to share their mistakes. In his book Doherty is very transparent about the trials he faced as an entrepreneur. These anecdotes are brief. They show his thinking process at the time, which is a theme throughout the entire book. Following its own philosophy that entrepreneurs need to leverage speed, the book doesn’t get stalled with fancy charts (there aren’t any) or financial projections, For those readers wanting a down-to-Earth business advice book, 48 Hour Start-up might be a welcome read.
What Could Have Been Done Differently?
48 Hour Start-up is extremely helpful when it comes to the initial decisions for entrepreneurs to consider when starting a business. The book continually reinforces the theme that entrepreneurship doesn’t have to involve complicated financial projections, elaborate presentations or extraordinary innovation. It is just a simple idea executed well. One area that could use more attention, though, concerns strategy and market research. The book doesn’t provide a lot of focus or direction on what strategies to consider after the 48-hour experiment is over or how to conduct more detailed research to maintain a business in the future.
Why Read 48 Hour Start-Up?
48 Hour Start-up is designed for entrepreneurs who have gone through a couple of business ideas but haven’t made that initial step to get started. It is also for serial entrepreneurs seeking to improve their thinking process in preparation for a new venture. For beginners, the book is a chance to brainstorm a business idea within the book’s deadline of two days. For serial entrepreneurs, the book is a jargon-free guide to refining the principles of business idea creation. If a serial entrepreneur can’t think of a good business idea, 48 Hour Start-up will provide practical advice with the inspirational real-life story of a businessman who started an empire right from his grandmother’s kitchen.