# Entrepreneurship
> Distilled from [[Entrepreneurship]]
## When to use
Activate when working on 0→1 products, go-to-market strategy, pricing, early-stage customer development, or any context where the PM operates more like a founder than a steward.
## Rubric — five entrepreneurial capabilities
### 1. Define the landscape
Understand the market, identify initial business problems and required innovations, find early adopters, and map pathways to broader adoption.
- Use Wardley Mapping to visualize the technology ecosystem.
- Segment the market rigorously before building.
### 2. Execute go-to-market
- Continuously refine the value proposition.
- Set pricing strategy: understand Product-Market-Price Fit — PMF without the right price is incomplete.
- Build customer pipeline from zero. Qualify customers, negotiate terms, close deals.
- Name things — work with marketing to position the product within the company mission.
- Know your numbers: Rule of 40 for SaaS, unit economics, marginal contribution.
### 3. Focus
- Identify the most critical work and ensure the team is solely focused on it.
- Protect the team from distractions.
- Qualify and fiercely prioritize new opportunities.
- Use hypothesis-driven development: distinguish assumptions from hypotheses, test the riskiest first.
- Apply SVPG's four big risks: value, usability, feasibility, business viability.
### 4. Resourceful
- Identify gaps in the product and team. Advocate effectively to decision-makers.
- Recruit world-class talent. Mentor, coach, and level up the team.
- Make do with what you have — then go get what you need.
### 5. Grit
- Resilient to adversity. Stamina to power through market uncertainty and failure.
- Two inconvenient truths (Cagan): 50% of ideas will fail, and the best ideas take time.
- Grit without direction is just stubbornness — pair it with Focus.
## Actions
- When advising on early-stage products, lead with: what's the riskiest assumption? How will you test it?
- For GTM work, always check: pricing strategy, customer qualification criteria, and channel plan.
- When a PM is stuck, diagnose: is this a focus problem, a resourcefulness problem, or a grit problem?