Forcing Function

Forcing Function

January 10, 2023 by investor

Forcing Function

Forcing function is an activity or event that forces one to take action and produce a result.

Forcing function is a mental model for how to set up a startup so it produces a result. 

Here are some examples:

Precommitment — in selling your product use monthly or annual contracts that prescribe follow-on payments.

Stages and checkpoints — in managing employees set up levels and stages that employees work through and use checkpoints to graduate employees to higher salaries.

Constraints — limit the resources the team has to work with to force cost-cutting and encourage creative problem-solving approaches.

Meetings — only call meetings when you have a decision to make or a deliverable to complete.

This reduces unnecessary meetings and forces the team to be more productive.

Online calls — schedule calls with prospects to be only 15 minutes long. This forces the prospect and the salesperson to make the most of their time. 

Forcing functions can be applied throughout the startup organization.

By applying artificial constraints one can generate greater productivity and reduce unnecessary costs.

 

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let’s go startup something today.


Thank you for joining your host Hall T. Martin with the Startup Funding Espresso — your daily shot of startup funding and investing.

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org  

Check out our other podcasts here: https://investorconnect.org/ 
For Investors check out: https://tencapital.group/investor-landing/ 
For Startups check out: https://tencapital.group/company-landing/ 
For eGuides check out: https://tencapital.group/education/ 
For upcoming Events, check out https://tencapital.group/events/  

For Feedback please contact info@tencapital.group   

Please follow, share, and leave a review.

Music courtesy of Bensound.



Copyright (c) 2024, Hall Martin and investorconnect.org. All rights reserved.

Disclaimer:
Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.

Tags: