Better Beat the Odds: Make games you love and stop eating KD every night

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BETTER BEAT THE ODDS Make games you love and stop eating KD every night. GAMERCAMP 1
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    17-Oct-2014
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My talk delivered at Gamercamp Lvl 3 in Toronto, on November 27thhttp://gamercamp.ca

Transcript of Better Beat the Odds: Make games you love and stop eating KD every night

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BETTER BEAT THE ODDSMake games you love and stop eating KD every night.

GAMERCAMP

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GAMERCAMP

WHAT’S THE POINT?

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GAMERCAMP

#NOKD

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GAMERCAMP

@SHAWNYEAGER

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GAMERCAMP

WHY THIS GUY?

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DO YOU WANT TO MAKE YOUR OWN GAMES FOR A LIVING?

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YES?

YOU’RE BUILDING A BUSINESS.

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SHIFT YOUR THINKING.9

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COMMIT TO BUILD A BUSINESS.

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ACQUIRE NEW SKILLS.11

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DECISION POINTS12

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GAMERCAMP

SHIFT YOUR THINKING.

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MYTH:I CAN GET BY WITHOUT BUSINESS SKILLS.

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MYTH:

IF I MAKE INSANELY GREAT GAMES, THE REST WILL WORK ITSELF OUT.

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BIG MONEY

Digital games to double to $53B over next 5

years

Mobile gaming alone is expected to triple to

$17.5 billion by 2016

Source: Ovum

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MYTH:BUILDING A BUSINESS MEANS SELLING OUT.

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BUSINESS ISA GAME.

PLAY IT WELL.

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GAMERCAMPCOMMIT TO BUILD A BUSINESS.

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WHAT ARE YOU COMMITTING TO?

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BUSINESS REVENUE >

PERSONAL INCOME

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COMPANY >

PRODUCT

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PRIORITY 1:

CLEARLY DEFINE SUCCESS

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THE FUNDAMENTALS

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PLANNING26

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NEED (WANT)

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HOW YOUR PRODUCT MEETS IT

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MARKET OPPORTUNITY

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REVENUE POTENTIAL

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HOW TO CAPTURE IT

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DOES THIS FIT?

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http://www.businessmodelgeneration.com/

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CUSTOMER SEGMENTS

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VALUE PROPOSITIONS

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CHANNELS

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CUSTOMER RELATIONSHIPS

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REVENUE STREAMS

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KEY RESOURCES

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KEY ACTIVITIES

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KEY PARTNERS

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COST STRUCTURE

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customer segments

key partners

cost structure

revenue streams

channels

customer relationshipskey activities

key resources

value proposition

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KEYPARTNERS

OFFER

CHANNELS

CUSTOMER RELATIONSHIPS

CUSTOMERSEGMENTS

REVENUE STREAMSCOST STRUCTURE

KEYACTIVITIES

KEYRESOURCES

The Business Model Canvas

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THE LEAN STARTUPhttp://www.theleanstartup.com

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FINANCE46

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CASH FLOW

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GROWTH RATE

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PROFIT AND LOSS

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BALANCE SHEET

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BREAK-EVEN ANALYSIS

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PRODUCT MANAGEMENT52

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"is the discipline and business process which

governs a product from its inception to the

market or customer delivery and service in

order to generate biggest possible value to the

business"

—Wikipedia

PRODUCT MANAGEMENT

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MARKETING55

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Product Price

Place Promotion

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RESOURCES & TOOLS• OnStartups

http://onstartups.com

• Market-by-Numbers

http://market-by-numbers.com

• Startup Marketing:

http://startup-marketing.com/

• HubSpot

http://www.hubspot.com

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SALES61

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SETTING TARGETS

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MEASURING ACTUALS

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E.G. UNITS, ARPU, ARPPU

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COST OF SALES (COS)

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CUSTOMER ACQUISITION COST (CAC)

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LIFETIME CUSTOMER VALUE (LCV)

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OPERATIONS68

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CHEAP OR FREEhttp://startupnorth.ca/2011/08/31/leanstartup-tools/

• Accounting

• Landing pages

• Analytics

• Project management

• Source control

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GAINING AN EDGE

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BECOME A BETTER NEGOTIATOR

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BUILD SMART PARTNERSHIPS

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COMMON OBJECTIVES

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SPECIFIC GOALS

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MEASURABLE OUTCOMES

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SHARED RISK & REWARD

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BUILD A BRAND

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CREATE MULTIPLE WAYS TOGET PAID

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Music for Nothing and the Fans for Free

http://allthingsd.com/20111028/music-for-nothing-and-the-fans-for-free/

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EXHAUST YOUR FINANCING OPTIONS

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• CrowdStar Fundhttp://www.crowdstar.com/fund

• Industry Canadahttp://ic.gc.ca

• Ontario Network of Excellencehttp://www.oneinnovation.ca

• Canada Media Fundhttp://www.cmf-fmc.ca

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LOOK FOR PATTERNS

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GAMERCAMP

ACQUIRE NEW SKILLS.

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TAKE STOCK

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BUILD, BUY OR BORROW?

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SKILLS DEVELOPMENThttp://www.marsdd.com/entrepreneurs-toolkit/

entrepreneurship101

• Business models

• Marketing

• Financial planning

• Sales

• Raising money

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COROLLARY:

BEG, BORROW AND STEAL

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KAIZEN

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MEASURE, ANALYZE, ITERATE

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DO YOU WANT TO MAKE YOUR OWN GAMES FOR A LIVING?

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DECISION POINTS92

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GAMERCAMP

@SHAWNYEAGER

SHAWNYEAGER.COM

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GAMERCAMP

PHOTO CREDITS• Google Master Plan - http://www.flickr.com/photos/jurvetson/21470089/sizes/l/in/

photostream/

• Accounting - http://www.flickr.com/photos/jeffanddayna/3226477735/sizes/l/in/

photostream/

• Herder - http://www.flickr.com/photos/bombeador/2094518293/sizes/l/in/photostream/

• Times Square - http://www.flickr.com/photos/werkunz/4397246022/sizes/l/in/

photostream/

• Buy More Stuff - http://www.flickr.com/photos/michaelholden/2104218938/sizes/l/in/

photostream/

• Gears - http://www.flickr.com/photos/19779889@N00/4398186065/sizes/l/in/

photostream/

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