How to Estimate More Accurately

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A critical skill that founders and startups need is estimating accurately. But, this is a huge area where most people struggle. Think of all the estimates you need nearly every single day as a founder running a startup:

-When will the next product version be out?
- What do our quarterly and yearly sales forecasts look like?
-How many people should we hire and when?
-How much should we raise?

The list of what you need to estimate is nearly endless. And if you can’t accurately estimate you are going to be way off in so many things.

#startups #Slidebean

0:00 How to estimate accurately - Intro
0:56 How to estimate accurately - Confidence-based estimating
3:46 How to estimate accurately - Asking more accurate estimates
4:52 How to estimate accurately - Revisiting CBE
5:25 How to estimate accurately - Requirements when estimating
6:58 How to estimate accurately- One more point

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[stevebarsh]

Always enjoy our collabs with @Slidebean and @Caya. Thx Team Slidebean! I've been using this technique for a long, long time. I hope others find it super helpful. It's really easy to use and simple to remember.

[zulfikeralikhanchowdhury]

I’m 96% confident that it’s a very very underrated channel.

[HN-jupl]

@Slidebean yt channel is 100% underrated

[happygolucky]

You're absolutely RIGHT!!!! Thank you!!!

[riskninja]

Just found this channel and I am shocked on how undervalued this is. This is gold

[DilshanBoange]

Great video! Thanks very much for this. Highly appreciated.

[soorkie]

This is great stuff. Will try this technique. Thank you ✌️

[ahmadalanazy]

Thank you Steve, such a critical subject really required an in depth with more examples episode, it will mean a great deal coming from a true master like u, ,, thanks.

[troler]

With 69% compitentance I say this video will get 30k views in a day

[willianvasconcelos]

Great method to estimate a project or a task. In my job, very often we discuss about deadlines in projects and it's really hard to estimate well. I think with this technique, things will be easier.

[That__Guy]

That's very helpful. I always find my self estimating in favor of a client or stakeholder to I guess "sell better numbers" thinking "I can't possibly tell them this takes this long, they're going to leave immediately". But eventually I under estimate and take up a huge risk leaving me very much not confident at all.

[JohnOchuro]

Fascinating. Thank you for the new way of thinking. 👌🏾

[vijaylakshminarayanan]

Excellent video! Good advice on smallest level. It's often very difficult when prototyping to estimate startup progress over long time periods so I tend to focus on short time periods.

[fuadligali]

This was a useful video for setting assumptions and managing stakeholders' needs. Reminds me of my learnings from reading "How to Measure Anything" by Douglas Hubbard which talks a lot about how humans tend to underestimate

[morkovija]

I've run the numbers - the math checks out! Thanks Steve!

[jackqueliinewilliams]

Excellent reminder super simple concept and execution off top .... yes that's exactly what 'I would like to be known for' can't wait to meet ... you guys are awesome 🎉🎉👓👞👌🏼

[pmexplore]

Love it. Gonna have to watch this again.

[sorry]

haha, how can you do the opposite: I explain to my boss thing a is done in 2 weeks if b, c, and d works out and that's not likely and he only hears "it's done in 2 weeks"

[AlanMynah]

this works with assumption that devs don't straight up answer with "how long is a piece of string?", so asking about 95% confidence is a moot point.

[camillabrandao_ads]

What about the Dunning-Kruger effect? Doesn't it affect people's level of confidence in getting things done?