{"id":10170,"date":"2023-05-23T18:02:31","date_gmt":"2023-05-23T16:02:31","guid":{"rendered":"https:\/\/escp.eu\/thechoice\/?p=10170"},"modified":"2023-05-23T18:02:34","modified_gmt":"2023-05-23T16:02:34","slug":"from-ideation-to-success-the-power-of-feedback-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/escp.eu\/thechoice\/tomorrow-choices\/from-ideation-to-success-the-power-of-feedback-for-entrepreneurs\/","title":{"rendered":"From ideation to success: the power of feedback for entrepreneurs"},"content":{"rendered":"\n

What do a mattress startup and a medical resources platform have in common? The answer: listening, learning and adapting their prototypes after striking their million-dollar idea. We spoke to Tediber founder Julien Sylvain<\/a> and Hopia co-founder Victoire Bach<\/a> to find out how they refined and perfected their business idea – with a little help from their customers (and competitors!)<\/p>\n\n\n\n

You both hail from very different industries (Tediber is a startup selling mattresses, while Hopia is a scheduling tool aimed at healthcare professionals). Can you share a little bit about what drove you to push forward with your idea?\u00a0<\/h2>\n\n\n\n

Julien: <\/strong>\u201cI had already launched a couple of different startup ideas but nothing had stuck. I really enjoyed collaborating with a designer I had met during my time at ESCP\u2019s Blue Factory<\/a>, and we worked off of a really simple premise. We wanted to create a strong, digital-first brand, and we realised that nobody we knew could tell us the brand of mattress they slept on – despite it being more important than their car, their shoes, or their favourite coffee. We quickly saw the potential for a streamlined, digital-native brand in the space.\u201d<\/p>\n\n\n\n

Victoire<\/strong>: \u201cI had always wanted to pursue a project that was meaningful while concretely helping people, and like Julian, I was fortunate enough to have a team of people who inspired me to take my idea further.<\/p>\n\n\n\n

Hopia<\/a> was born just before COVID, with the aim of helping hospitals to better manage their resources. The platform allows healthcare professionals to correctly staff shifts, getting the right people with the right expertise to the right places while making sure that legal requirements, such as breaks and shadowing, are fulfilled.\u201d<\/p>\n\n\n\n

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The best feedback we got was actually from other manufacturers, who more or less showed us the direction to take in terms of what not to do.<\/p>\nJulien Sylvain<\/cite><\/blockquote>\n<\/div>\n\n\n\n

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\"Photo<\/figure>\n<\/div>\n<\/div>\n\n\n\n

What did your first prototype look like? Who did you show it to?<\/h2>\n\n\n\n

Julien: <\/strong>\u201cAs I learned at the Blue Factory, the prototype is just the means by which you test your hypothesis<\/a>. Before actually creating the first product prototype, we needed to know if we could make a high-quality product, transparently and simply, at a fair price. The best feedback we got was actually from other manufacturers, who more or less showed us the direction to take in terms of what not to do. The majority of products in the space seemed overpriced and were marketed far too scientifically. Of course, we prototyped actual products countless times, but the idea I tested using that first prototype held true and still informs the way we work<\/strong>. Today, we\u2019ve expanded from one mattress to four, but we\u2019ve kept that streamlined approach.\u201d<\/p>\n\n\n\n

Victoire: <\/strong>\u201cOur first prototype was an Excel spreadsheet, which confirmed what we wanted to test – that a digital tool can, if given the right information, attribute staff members, surgeons and other key personnel as accurately as a human can. Our users confirmed our hypothesis almost instantly. We always knew that the time-saving potential of Hopia was huge, but the spreadsheet got us on the right track and it gave us something visible to pitch to our clients. That\u2019s when I knew that Hopia was a good idea worth developing<\/a>.\u201d<\/p>\n\n\n\n

Did you find your initial feedback easy to work with?<\/h2>\n\n\n\n

Julien: <\/strong>\u201cWe obviously got lots of feedback about the mattress itself – some people loved it, some people didn\u2019t – but we made a conscious decision to listen as much as we could while being careful with our resources. Even today, we only have four boutiques across France and a product range that\u2019s almost as small as when we started. This allowed us to take risks in other ways, such as offering our customers a 100-night no-questions trial. That choice shows belief in our product, which is super important for us. We\u2019re not getting repeat customers every six months.\u201d<\/p>\n\n\n\n

Victoire: <\/strong>\u201cYes, very much so, for the simple reason that, while we continued to champion our initial premise, we allowed ourselves to be led by our users when it came to developing the software<\/strong>. We were always clear about the problem we were aiming to solve, but we\u2019re not health experts and we\u2019re not out to market to a huge customer base – our users are our biggest critics and our biggest champions, which is uniquely helpful.\u201d<\/p>\n\n\n\n

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By regularly, methodically asking our users what works and what doesn\u2019t, we\u2019ve not only ensured that Hopia is an on-target product but it saves us huge amounts of time and back-and-forth.<\/p>\nVictoire Bach<\/cite><\/blockquote>\n<\/div>\n\n\n\n

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\"Photo<\/figure>\n<\/div>\n<\/div>\n\n\n\n

Read on for Victoire and Julien\u2019s top 3 tips for refining your business idea.<\/h2>\n\n\n\n

Rule #1: When in doubt, ask, ask, and ask again<\/h4>\n\n\n\n

Julien: <\/strong>\u201cI realised early on in the process that I was going to have to stand out with Tediber<\/a>, so I made a conscious choice to spend as much time with industry pros as possible. I was a newcomer to the mattress industry, but after I gleaned as much information as I could about how existing brands viewed their products – and their customers – I had what I needed in order to apply my digital skills.\u201d<\/p>\n\n\n\n

Victoire: <\/strong>\u201cWe have a great tech team and fabulous UX designers at Hopia, but we\u2019re completely driven by our clients\u2019 needs – in our industry, it can\u2019t be otherwise! By regularly, methodically asking our users what works and what doesn\u2019t, we\u2019ve not only ensured that Hopia is an on-target product but it saves us huge amounts of time and back-and-forth. This, in turn, saves us money and lets us spend more time developing new features.\u201d<\/p>\n\n\n\n

Rule #2: All feedback is useful<\/h4>\n\n\n\n

Julien: <\/strong>\u201cWe still receive a lot of feedback about our mattresses, some of which helped us to make the choice to move away from latex early on in the business. We could have made that [listening to feedback] less of a priority, but sometimes the least obvious comments hold the biggest indicators of change<\/strong>. Today, I\u2019m really proud that we made that environmentally-friendly choice when we could have passed it by.\u201d<\/p>\n\n\n\n

Victoire: <\/strong>\u201cI\u2019d second that. As a concrete example, we once received a piece of what we thought was minor feedback from a client, who really pushed for us to add a small tracking widget to the app. We eventually implemented it and were inundated with positive feedback. The lesson: your \u2018nice-to-have\u2019 could be a real essential for your customer<\/strong>.\u201d<\/p>\n\n\n\n

And the golden rule:<\/h4>\n\n\n\n

Julien: <\/strong>\u201cIt\u2019s never too early to get started! My main piece of advice would be to get out and show your product to your customer as quickly as you can.\u201d<\/p>\n\n\n\n

Victoire: <\/strong>\u201cMake your own rules for success. It\u2019s important not to get caught up in KPIs and classic measurement tools – try and measure each stage of your product\u2019s development individually. Is it leading you towards your goal? Are you still keeping the customer top of mind, and are you still solving a key problem?\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

What do a mattress startup and a medical resources platform have in common? The answer: listening, learning and adapting to customer feedback.<\/p>\n","protected":false},"author":1,"featured_media":10169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[18],"class_list":["post-10170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tomorrow-choices","tag-entrepreneurship","category-14","description-off"],"acf":[],"yoast_head":"\nFrom ideation to success: the power of feedback for entrepreneurs - The Choice by ESCP<\/title>\n<meta name=\"description\" content=\"What do entrepreneurs of a mattress startup and a medical resources platform have in common? 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