Hi, makers:) This week I thought that we would dive into the productivity market. Like everybody, I am struggling with time management and meeting deadlines. Before we start I would like to say that the competition in the productivity market is huge and I am not a big fan of this market. So before diving into execution I would strongly recommend real market validation. If you are in a hurry skip directly to the lean canvas starting from 🚩 Problem. “Perfection is the enemy of good.” - Voltaire The chimp in my brain said that we have to deal with procrastination and gave me an idea. I would call it - . Next Deadline The historical meaning of deadline —>  a line drawn around a prison beyond which prisoners were liable to be shot. "Everyone procrastinates, but not everyone is a procrastinator." - Joseph Ferrari So the main point of the idea is to create future action that can’t be canceled. So, for example, I have to write a newsletter weekly and publish it on Mondays. I commit and schedule an action that will publish this particular story next Monday at 12 p.m. The commitment was made and the story will be published no matter what. I can only update the content until the deadline. Set deadline (future event action) —> deliver/update (get job done) —> automatic execution of set events. Possible future actions —> sending emails, social share/publish, file upload … It’s like ifttt.com or buffer.com for future events that you can’t cancel. I know it sounds a little bit scary, but when you know that there’s no way back you get in action and forget . procrastination NEXT DEADLINE 🚩 Problem People fail to meet deadlines. People procrastinate when they don't set deadlines. Existing Alternatives stickk.com beeminder.com toggl.com buffer.com ✅ Solution Tool for setting deadlines (future action) that can't be canceled & only updated. (Set future action —> Execute/Update —> Action execution ) Send Email Post on social Publish file ………. Key Metrics DAU/MAU North star metric 💡 Unique Value Proposition Set deadlines action that can’t be canceled and get into action. High-Level Concept - buffer for deadlines 👥 Customer Segments Students Tech teams Early Adopters - Local students 💲 Cost Structure Server Hosting Product Development Team Payroll 💰 Revenue Streams Investments extend the deadline for 1 day, week …  for X $ Premium feature  - 🤯 Some facts The global productivity management software market size is expected to reach USD 102.98 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.4% over the forecast period. Why Deadlines Are Important for Entrepreneurs By setting a strict deadline in advance you can cut off this expansion and focus on what is most important. In order to get rid of the inefficiencies of internally-negotiated deadlines, you should just do the opposite: be open about them and announce the deadlines to the world. Feel free to leave feedback & Subscribe to get freshly backed startup ideas weekly to your inbox! Previously published at https://chimpideas.substack.com/p/-how-to-set-a-deadline-that-you-cant

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How and Why Makers Should Set a Deadline They Can't Extend

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Vytautas Sabaliauskas

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How and Why Makers Should Set a Deadline They Can't Extend

Too Long; Didn't Read

Vytautas Sabaliauskas

About Author

TOPICS

THIS ARTICLE WAS FEATURED IN...

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