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    Home Unlabelled Harvard Research Gives Clues On How to Be Successful And Have Fun Doing It Entrepreneur

    Harvard Research Gives Clues On How to Be Successful And Have Fun Doing It Entrepreneur

    February 24, 2018

    Harvard Research Gives Clues On How to Be Successful And Have Fun Doing It Entrepreneur

    Harvard Research Gives Clues On How to Be Successful And Have Fun Doing It

    Posted: 24 Feb 2018 02:17 AM PST

    Chances are you want to be more successful.
    Chances are you realise success takes a lot of work.
    Chances are you wish there was a scientifically proven method that made success a little bit more... fun.

    Well, Shawn Achor, bestselling author of The Happiness Advantage, studied for years at Harvard to try and find just that, and his solution was incredibly interesting.

    What's even more interesting than his findings is that his cutting-edge research is incredibly similar to many ideas in the Philosophy of Stoicism.

    Prefer to watch? Watch video

    Shawn Achor gave a TED talk that accumulated over 20 million views.
    He was even interviewed by Oprah.

    What makes Shawn so interesting is that during his research he would ignore the trend and only study the outliers.

    "Instead of deleting those people that are weirdos in the data what we do is we intentionally study them. We try and find out why it is that while an entire sales force has low numbers, we're finding three or four people whose sales are skyrocketing. Or we're looking at a low socioeconomic school in Chicago, where the academic scores are below average, there are a couple students whose grades are skyrocketing. By studying those outliers, what we're doing is we're gleaning information not on how to move subpar performers up toward that average point, but how to move people from average to superior." - Shawn Achor

    After years of Harvard research, Shawn came to the conclusion that success doesn't bring happiness - happiness brings success.

    Shawn's research proved that there are four things that will make you happier whilst being more successful as a by product.

    Realise that Success Doesn't Bring Happiness.

    My parents tell me the story about how I sat in front of the TV mesmerised by the advert for the new Xbox games console. It was better, faster and newer than the old one - it even had a wireless controller! I begged and begged my parents to buy me it and when they refused I made it my goal to buy it with my own money.

    I spent the next few months doing extra chores and saving my pocket money so I could buy it. It was all I could think about. All I needed was the new Xbox and then I would be happy.

    Two months later I had enough money.

    I rushed to the nearest GAME store.

    I proudly handed over my money and bought the brand new games console.

    As I ran home I treasured what I thought was the cure to all of my problems.

    When I unboxed it and started playing I realised I was right! All my problems were gone and I was completely happy...

    For a week or so. After that I started dreaming about the next biggest thing.

    You may laugh at my naivety but we've all fallen prey to similar thoughts:

    • I'll be happy when I earn X amount
    • I'll be happy when I lose 10 pounds
    • I'll be happy when I buy a new car

    You see, due to something called the Hedonic Treadmill we return to our default level of happiness soon after something external increases or decreases out level of happiness.

    This is not even a new theory - 2,000 years ago philosophers came to the same conclusion:

    "True happiness is to enjoy the present, without anxious dependence upon the future, not to amuse ourselves with either hopes or fears but to rest satisfied with what we have, which is sufficient. The greatest blessings of mankind are within us and within our reach. A wise man is content with his lot, whatever it may be, without wishing for what he has not." — Seneca

    Shawn's research supported this further:

    "If we can get somebody to raise their levels of optimism or deepen their social connection or raise happiness, turns out every single business and educational outcome we know how to test for improves dramatically. You can increase your success rates for the rest of your life and your happiness levels will flatline, but if you raise your level of happiness and deepen optimism it turns out every single one of your success rates rises dramatically compared to what it would have been at negative, neutral, or stressed." - Shawn Achor

    Some companies, such as MET Life believed in this so strongly they started hiring salespeople based on optimism.

    The results were incredible:

    "It turns out that the optimistic group outsold their more pessimistic counterparts by 19% in year one and 57% in year two."

    When I read this I thought: "wait a minute.. so you're telling me that being happy is the only decider on the performance of sales people? Surely not".

    I was right: happiness is not the only decider on performance - but it is a damn big decider.

    "If we know the intelligence and technical skills of an employee, we can actually only predict about 25% of their job success. 75% of long term job success is predicted not by intelligence and technical skills, which is normally how we hire, educate and train, but it's predicted by three other umbrella categories. It's optimism (which is the belief that your behavior matters in the midst of challenge), your social connection (whether or not you have depth and breadth in your social relationships), and the way that you perceive stress." - Shawn Achor

    The moral of the story is we should worry just a little bit less about grades and a little bit more about optimism.

    Breaking this down further, what was the most powerful thing Shawn learned from looking at these happy, superhero-like outliers?

    No Problem is a Threat, Just a Challenge

    As I'm sure you are all aware, there was a huge financial crash in 2008. Soon after, Shawn did a study of many bankers. As you can imagine, many of them were incredibly stressed. But a few were as happy as ever.

    Following Shawn's normal strategy he ignored the trend and focused on the outliers.

    What did they have in common? What separated these men from the crowd? What secret did these men hold that the others clearly didn't?

    They never saw problems as threats; they saw them as challenges to overcome.

    What these positive outliers do is that when there are changes that occur in the economic landscape or the political landscape or at an educational institution, they see those changes not as threats, but as challenges. - Shawn Achor

    Damn. Those luckily people. I wish I could be wired like that.

    It's your lucky day - you can.

    Shawn discovered through further experiments that this attitude can be learned.

    Shawn showed the normal bankers a video explaining exactly how to see stress as a challenge.

    And we watched those groups of people over the next three to six weeks, and what we found was if we could move people to view stress as enhancing, a challenge instead of as a threat, we saw a 23% drop in their stress-related symptoms. It produced a significant increase not only in levels of happiness, but a dramatic improvement in their levels of engagement at work as well. - Shawn Achor

    And once again, ancient philosophers agreed. Epictetus was a huge influencer in the Philosophy of Stoicism.

    Difficulties are the things that show what men are. Henceforth, when some difficulty befalls you, remember that god, like a wrestling-master, has matched you with a rough young man. - Epictetus

    Some of you might be hoping I give you a more definitive answer on how you can get happier, taking success gladly as a side effect.

    Well the answer is simpler than you think.

    3. Send a Thank-You Email

    Contrary to public opinion, research shows that the little things in life are more important to our happiness than the big wins.

    Shawn's research proved that it is smarter to build small, repetitive habits instead of doing things like going on vacation.

    But what small, repetitive habits will increase your happiness?

    "The simplest thing you can do is a two-minute email praising or thanking one person that you know. We've done this at Facebook, at US Foods, we've done this at Microsoft. We had them write a two-minute email praising or thanking one person they know, and a different person each day for 21 days in a row. That's it. What we find is this dramatically increases their social connection which is the greatest predictor of happiness we have in organizations. It also improves teamwork. We've measured the collective IQ of teams and the collective years of experience of teams but both of those metrics are trumped by social cohesion." - Shawn Achor

    On top of this there are a few other daily habits I recommend you to start doing to increase your default level of happiness:

    • Meditate
    • Exercise Voluntary Discomfort
    • Other-Size

    The numbers say that around 70% of you will read this article, consume the information, feel like you're becoming better, then not do anything with it.

    Stoicism has something to say to you:

    "Waste no more time arguing what a good man should be. Be One." – Marcus Aurelius

    Shawn has made this easier for you.

    4. Make Habits Easier With the 20-Second Rule

    Shawn says that the thing stopping you from making the changes that you know you should is "activation energy".

    When doing something that doesn't give you an instant sense of gratification the hardest part is always the most difficult.

    When going to the gym the hardest part is getting out of bed and into your clothes.

    The 20 second rule states that if you make it 20 seconds easier to start a task you significantly reduce the amount of activation energy required to follow out the task.

    Tough things become easy.

    Shawn would sleep in his gym clothes and put his shoes right next to his bed. At that point it is easier to follow out the habit as it takes a mental decision to get undressed and not go.

    "If you can make the positive habit three to 20 seconds easier to start, your likelihood of doing it rises dramatically. And you can do the same thing by flipping it for negative habits. Watching too much television? Merely take out the batteries of the remote control creating a 20 second delay and it dramatically decreases the amount of television people will watch." - Shawn Achor

    Shawn and his research definitely has some incredible research. What is more incredible is that philosophy came up with very similar ideas 2,000 years ago. I made a whole YouTube channel about the practical, tangible, scientifically proven, benefits of philosophy.

    So many people think that out happiness is set in stone and can only be decided by external events and genetics. If there was one misconception I could change in people it would be this.

    Men are disturbed not by things, but by the view which they take of them." - Epictetus

    Also, remember

    • Success doesn't bring happiness. Happiness brings success.
    • All problems are challenges, not threats.
    • Send a "thank you" email.
    • Use the 20-second rule to build habits.

    "When you look at outliers on the graph, you find people who actually break the tyranny of genes and environment by creating these conscious positive habits that actually cause them to interact with life in a more positive way with higher levels of success, lower levels of stress, and higher levels of resilience. They do it by changing their mindset and changing their habits, and by doing so they actually trump their genes.

    Most people accept that they're just born some way and that's how they're going to be the rest of their life, and whatever they were last year is what they're going to be this year. I think positive psychology shows us that that doesn't actually have to be the case." - Shawn Achor

    Action Step

    Go write an email/text/comment to someone thanking them for something. I promise your mood will increase after. Turn this into a habit to gradually increase your default level of happiness.

    Next Step

    After you have done the action step watch this video:

    You Have 86,724 "Free" Hours, Stop Wasting Them | Seneca on the Shortness of Life

    submitted by /u/kibbehorh
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    Dont fall from u/MacaYT scam course

    Posted: 24 Feb 2018 09:46 AM PST

    Not long ago U/MacaYT posted about an online review scheme she worked up. However, what she failed to mention/didn't know was that soliciting online reviews from customers in bulk, or offering incentives for customers to leave you a review is against the terms for all major review sites like Google and Yelp.

    When companies are reported they are are publicly shamed on ConsumerAlerts, all their reviews removed, and even banned from the review sites. In short, this business model she has been trying to sell for over $200 (an online course which is HORRID - ex. 'Call script' is 4 lines, her 'custom template design cards is a link to altavista (lol), and i was going to just shrug it off and let it go, but learning that the business she is selling can actually get you, the business owner, SUED, is where I draw the line.

    Naturally once i brought this to her attention and requested a refund she has chosen to not reply. So a warning to anyone who might consider, stay away.

    submitted by /u/TheTalkingFred
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    From 3 failed projects to 1200 users in one week.

    Posted: 24 Feb 2018 09:19 AM PST

    Hey /r/entrepreneur,

    Over the last two years, my partner and I tried to launch several projects while working full time. We failed. We failed hard. Sometimes because of a lack of motivation, but often because of a lack of methodology.

    In this post I will give you my experience about what we did wrong in all these failed side projects, and what we did right to finally launch Shoptolist.

    ShopToList is a universal wish list. It allows you to track the products you want to buy, and get notifications if the price drops. Think Pocket, > but for shopping.

    1)What made us fail our previous projects ?

    Too much focus on the engineering process/hype

    As developers ourselves, we spent too much time hunting for the perfect process. We wanted a perfect Continuous Integration/Continuous deployment process, 100% unit tests coverage. All these things are important for "mature" projects, but it's a waste of time if you want to build your MVP.

    We spent hours learning new shiny JS frameworks and tools, instead of actually building our product. We sometimes treated our projets as a playground to test new tech / frameworks. The learning curve can be steep, and our productivity often fell to near zero !

    Re-inventing the wheel

    We did everything on our own. For example, on our first project, we spent two weeks implementing our home-made login/register/forgot password system. That's stupid. It's a "commodity feature", and there isn't any value for our users in it !

    Then there is the design part, again, we did everything from scratch. We spent so much time trying to make a good looking design. Design is really important, it can sometimes be a feature but arguing about how we name our CSS classes or this damn 10px padding is a perfect example of how not to launch your MVP quickly.

    For our first project (a lead generation tool that tragically died before even one user could try it) we spent three weeks working on a cool admin interface full of data / analytics. What a waste of time !

    Entrepreneurship porn overdose

    We spent countless hours watching entrepreneurship videos and advices, instead of shipping our product. It's kind of funny to write this on a post about entrepreneurship but, there is so much informations available, with Hacker News, Reddit, Youtube channels, it's really easy to get lost and procrastinate.

    Not talking to users

    We barely talked about our side projects, even to our friends. By doing this, we kept ourselves inside a bubble, and it had two bad consequences. First we did not have any inputs on wether it was a good idea or not. And secondly nobody but ourselves could encourage us.

    2)What we did differently with ShopToList

    We often read that ideas don't matter, only execution does. In fact, we think ideas does matter a lot, for your own motivation. We switched our mindset from "There is this opportunity in that niche" to "I would love a product that does this". With Shoptolist, the problem we want to solve is first for ourselves.We were really motivated because for the first time we were about to launch a product we would actually use everyday.

    We used tools we knew

    Instead of playing with shiny new languages and framework, we used Python and Flask, because we felt productive with it. We could have used React — Redux but we are bad with front-end and we know it. So instead we went with the basic CSS-Html-Semantic UI.

    For hosting, we used Amazon Elastic Beanstalk, which is a service that automate the deployment setup on AWS. We can deploy our code with a single command, and that's great. There are lots of alternative, Heroku could have been a good fit too. You don't want to spend time configuring servers etc.

    Templates and boilerplate

    This is something that made us save a lot of time. We used a boilerplate for our app, Flask-base. Basically it's an open source code skeleton that does every basic things all web app needs. User management, email, admin dashboard… There are boilerplates like this for almost every languages / frameworks, use them !

    By doing this, we were able to focus on our core feature, not the "noise" around them.

    Then instead of building a custom dashboard for business metrics, we leveraged Google Analytics and tracked everything in it. It works great and took us 1 hour.

    For our landing page, we used a landing page builder called Launchaco. There are lots of tools like this, it's a great way to build a great and responsive landing page.

    We talked to our potential users

    From day 1, we talked about our project to everyone around us. Our friends, collegues, and it helps us understand how people shop online, what they want, and focus on the "Viable" part of the MVP.

    Then after a month of hard work, we made several posts on social media / reddit, and got 1200 signups in one week. It's great to have that many users early, it allowed us to get TONS of feedback, via email, Google Forms survey, and iterate around this feedback.

    For example, on the first version of the landing page, lots of people told us they didn't really understand what the product did. Or they asked questions like "Does it only work with clothes?"

    So we changed the wording, like "It works with every website / product", add some screenshots to make it more understandable, and it worked, our conversion rate on signup immediately went up !

    This is just the beginning

    We still have a lot to do, we are not very proud of the design, we'd like to add support for every major browsers (there is only a Chrome extension for now), deliver notifications if we see the product cheaper elsewhere (not quiet sure about how to do that at the moment) build mobile apps, there are some bugs…

    With ShopToList taking more and more of our time, we might have to think about a monetization strategy. Early on we were upfront about the fact that we don't want ads at all, we might go the affiliate links way if it is necessary.

    This was a humble post about our experience, what worked, and what didn't. I hope it can help people launching their projects, and not doing the same mistakes as we did on our failed projects !

    In the next post we will talk about the money problem, mobile app and getting traction.

    Stay tuned if you want updates about ShopToList.

    Links:

    Website: https://shoptolist.com

    Medium: https://medium.com/@sahin.kevin

    submitted by /u/pijora
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    Anyone here run a UPS store franchise?

    Posted: 24 Feb 2018 01:14 PM PST

    I had to get something notarized recently and found out the UPS store near me offers such services for only $5. Got to talking with the owner who has operated that specific store for something like 15 years and recently opened up a 2nd location. She was saying it's been very stable income and has never lost money. I didn't want to press on the details, but doesn't seem like a bad way to make money. Now I'm tossing the idea around. Anyone with additional insight on a UPS store (or similar) franchise?

    submitted by /u/jbarn3344
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    Everyone in my life is so negative :(

    Posted: 24 Feb 2018 08:06 AM PST

    Hi guys. I am in the process of setting up a business but the greatest object to me achieve my goal is the negativity from people around me. My close family (this includes my wife) is just so negative about everything that I do, I just can't seem to rise above it.

    Any advise on how to rise above this?

    Thanks

    submitted by /u/Raxzor
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    ADHD Entrepreneur resources?

    Posted: 24 Feb 2018 06:43 AM PST

    Trying to find the best resources for entrepreneurs with ADHD / ADD.

    Anyone have recommendations?

    submitted by /u/Productives
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    Gary Vee

    Posted: 24 Feb 2018 09:58 AM PST

    I've been following this dude.

    Is his advice good?

    I'm thinking about getting his new book Crushing It!

    What other books of his should I read before and in what order?

    Thanks!

    submitted by /u/salsiegel
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    What would YOU recommend to invest time in?

    Posted: 24 Feb 2018 11:53 AM PST

    What should a 20 year old person invest their time into right now to get the possible best outcome in life? Hopefully the best minds of reddit can direct me in life LuL

    submitted by /u/Pioneire
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    Let us remember one of this and (last) century's great entrepreneurs

    Posted: 24 Feb 2018 01:31 AM PST

    "In 1985, Apple was faring poorly and Jobs was ousted from the company he helped build. Instead of becoming dejected, Jobs started another computer company called NeXT and soon purchased Pixar Studios for a mere $10 million. (In 2006, Disney bought Pixar for a deal worth $7.4 billion — a pretty sweet ROI for Jobs.) A struggling Apple ultimately bought NeXT in 1996 and named Jobs as Apple's CEO. He subsequently led the company through its most innovative period yet. Jobs has described his temporary exile from Apple was a blessing in disguise. Stanford commencement address ...."

    Happy birthday, Steve Jobs

    submitted by /u/tomtermite
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    Looking for a business advisor - Specialty Food Courier Business

    Posted: 24 Feb 2018 01:57 PM PST

    As the title says; I operate a specialty food halal delivery service and have a specific clientele. New business is profiting though I am looking for a consultant / advisor on this.

    Payment can be arranged via paypal or whatever ;)

    submitted by /u/stuffineedtoremember
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    Approaching Owner to Create Franchise?

    Posted: 24 Feb 2018 10:04 AM PST

    Has anyone had experience approaching current established business owners about creating a franchise? There's a small single niche restaurant in a mid-sized city that I believe would greatly benefit by expanding out to a few surrounding cities. The places I have in mind do not have any direct competition to this restaurant, however the areas certainly have a higher average income and greater infrastructure growth than where it's currently based out of. Thoughts?

    submitted by /u/KappaOP
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    Something I haven't seen discussed much is legal matters. How on earth do I go about diving in?

    Posted: 24 Feb 2018 01:30 PM PST

    So, for context, I've just started a marketing agency. I've got a couple of meetings with potential clients next week, and just realized that I don't have a single shred of paperwork to make anything binding.

    Are there resources out there that can help?

    submitted by /u/_TakeaChillPill
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    Stumped on math workbook title

    Posted: 24 Feb 2018 01:29 PM PST

    I'm finishing up my math ebook and I just cant come up with a good title. Any suggestions as to a name and book cover concept? Would truly appreciate any input.thanks a lot

    submitted by /u/Ivyclassof15
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    A lot of the products I’m dropshipping are already on amazon. Does this really matter?

    Posted: 24 Feb 2018 01:15 PM PST

    [my site](foreverfirstclass.com)

    submitted by /u/firstclasshustle
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    App launches soon (Advice) How to go about and rewarding developers

    Posted: 24 Feb 2018 01:07 PM PST

    Ok. Let me start this off by saying. READ THE FULL POST PLEASE Lol

    The reason I say this is because I have got some rude comments before that literally make no sense within the context of my post. People just read one sentence then jump to rude and negative comments.

    OK so ! Let's get started

    My name is Carnell founder of the Coast 2 Coast app.

    Coast 2 Coast allow your to play pickup sports and get PAID for playing. We are nearing launch (Late March early April) and i have a few questions that I would gladly like to hear multiple advice and opinions on

    How much equity should I offer my developers?

    A brief explanation of this would be my developers have so far worked for free 100%. They said they would discuss compensation once we launch, even after I offered to give them something of what little I had. We started off with 3 developers and now are left with 2. One of them backed out of the project as he got a lucrative job offer from IBM in California. They are all students.

    Summary - My question is how should I deal equity? A former CEO that I have been taking notes on said I should start off with 1% that could increase by 1% every year up to 3 years. Then salary would go up not equity. Is this standard practice or something to consider? To clarify they would each be paid a SALARY +1% equity each year they are with the company. Is this fair? Or if you being a developer would feel some type of way?

    I've looked up the positions that these fellow developers would be taking. Lead designer, Leading programmer so on and so forth. My question is how should i go about presenting them with a contract? What is the best way? What is an absolute "no presentation" that would leave you you feeling insulted? Again all options are welcome and encouraged.

    Future Investors - When trying to find funding for this project many redditors were adamant that I should code it myself because I had ZERO funding.

    The amount of money needed to build an app to my design would have been astronomical. It was suggested that i should actually learn code and do it myself. However w/ NFL workouts and bartending I couldn't do it and release it in any feasible time so I stayed persistent and I eventually found students that believed in the project. Our relationship has been pretty healthy since as we text every few or so days and their has never been a big gap in commitment or weeks without contact. We can only release the project on Android because of a lack of funds. However when we are ready to launch IOS and we need funding what amount of equity is fine and what's a sharp pole up my bum? (I realize there will be variations on this answer and different factors. What I'm asking is for more of a broad view.)

    Developers - I have the utmost respect for my developers. They took time out their day to listen and believe in my project. They took over 6 months to work on the project for no pay and nothing more then the passion and word of a man they still have YET to meet. All our business has been via phone and SKYPE. Legal speaking they have all signed NDA's and signed a sort of contract that basically says anything related and anything they develop for the future is property of me blah blah. My question is to protect myself should I add anything else? When I say protect myself I mean as far as an attempt to takeover. A Facebook type of situation is what I'm referring to.

    As a general guideline or idea of our contributions I will provide a brief summary of all our contributions to the project.

    Carnell (Me) - The project idea> Funding > Marketing > Social media platforms > wireframes > graphic design > real world testing (not the app the marketing/slash practical uses > filming of the commercial > revue raised from merchandise > clothes design > Shipping. Carnell Summary text - Of course I had the idea that much is clear. But the time I brought this idea to developers I had over 6 months of work put into the project. I went around to every major college in Florida. Ex FSU MIAMI UNF UCF UWF etc. I spent countless hours talking to real athletes and getting the nuances of the project. I've been to NFL players, NBA players Over seas pro basketball players, and investors all trying to get funding with my pitch. As far as graphic design for the app I could find nobody who could match my vision (from what I could afford) so with a little help from YouTube I did it my damn self after many failed attempts. Regarding revenue to match the app I created a hoodie designed for an athlete to rep their city. I sold the hoodies and all the current revenue from that is sitting. I didn't spend any of that because when we launch my developers are going to get that money distributed between the two of them. In under 4 months our Facebook group is sitting at 8K+ members Instagram is over 3K followers Facebook page has around 3K likes

    Ben Rosa > Lead developers > Head of the project > Student > Coding the app >Keeping all the team members focused and on task > Created the Github and so far has exceeded my expectations

    Belal > Coding expert (Self taught) > Currently in school > Responsible for most of the back end work > Data collecting > highly reliable never leaves me on read or misses an appointment

    What can I say about these two guys? They are everything that I hoped for any more. I am thankful that after many scoffs and laughs, many doubters and naysayers, after many months of searching everything from help wanted ads, to craigslist, to Reddit I found a team that I can confidently say I trust.

    Ben has been amazing in the team leader role and after our first Skype conversation I knew that i had found the right guy. He keeps everyone on task and always answers my question and inquires in a timely manner.

    Farouk has been excellent too. Whenever I get int contact with him and ask for an update on the app, he provides proof and details no matter what I ask for.

    They are both honest, hardworking mean who put their word above all else and that's what has impressed me the most about them.

    Hey ! Thanks for the time to answer my questions. Rude comments will be responded to because they always happen BUT I would like for you to be more informative. If I've made mistakes tell me but racial slurs and name calling ....i never understood that. If i'm on Reddit asking for advice and help I'm obviously not an expert. So unless I'm being COMPLETELY unreasonable and snide why criticize me on the merit that i don't know what I'm talking about?

    I DON'T !

    That's why I'm on here.

    To summarize my questions are these:

    How should I reward my developers? Whats a fair share of equity in addition to salary? When new investors come on what a typical equity split? Any additional advice before we launch? After we launch? Any general advice? In regards to business and "Thank You". Besides your word what is the strongest gesture of appreciation that you can extend to someone?

    THANKS !

    submitted by /u/taylor2121
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    I want to start a business but something I am terrible at is social politics and social intelligence so common in corporate enviornments, what do i do?

    Posted: 24 Feb 2018 12:59 PM PST

    Obviously, I know this wont effect me from the start that much but if i ever grow that is a skill I would need.

    I am terrible at social intelligence, social politics, underlying social gynmaics, etc...

    WHat should i DO?

    submitted by /u/KtoMM199
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    What book changed you, in relation to entrepreneurship?

    Posted: 24 Feb 2018 12:48 PM PST

    How is this person still getting sales?

    Posted: 24 Feb 2018 09:01 AM PST

    So I was checking out dhgate the other day and found a name brand product that clearly isn't real. That's normal it's dhgate it's a overseas vendor whatever. You can buy them on dhgate from $.98-$1.24 per unit with a minimum of 50. now this same exact item is on Amazon for $50.01(was $59.99 for over a month until yesterday or the day before) from a vendor that has a shit load of sales. In the amazing comments it is mostly filled with people saying it's fake and comparing it to the real item. However it does look identical to a none professional in this niche. This very close knock off is why the vendor has almost 4 stars. Anyway how can this guy/girl who's comments are almost all people complaining about it not being authentic have so much success? I mean he is making over $40 profit per unit after it is all said in done. I have the links if anybody wants to inspect for them selves! It's pretty crazy. I just don't understand how they not only don't get in legal trouble as far as copywriting etc but how they can still be found on the flash sales tab etc on amazon and continue to have such great success.

    submitted by /u/Forever430
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    Advice on online course platforms?

    Posted: 24 Feb 2018 12:42 PM PST

    I am working on an MVP for a pre-recorded online course that I plan on selling. Any recommendations on what platform to put my course on? I need a platform that puts content behind a paywall, has decent aesthetics, and some customization abilities would be ideal.

    I have limited technical knowledge, so either an out-of-the-box solution or something I can outsource would be ideal.

    submitted by /u/Macroar
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    Product idea -- Where to begin?

    Posted: 24 Feb 2018 12:40 PM PST

    So I have an idea for a product. Something that I see as useful for a specific demographic that I don't think has been done before.

    My question is...now what? A friend suggested I start a Kickstarter campaign. Is this the way to go? I've read about other Kickstarter-like sites, for example, Quirky. Anyone know which would be best for an electronic device?

    Also what's to stop someone from beating me to production once I've shared the idea on one of these public sites? I just need some guidance. Thanks in advance.

    submitted by /u/UnicornRiderMD
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    How to find a manufacturer in 2018 - a quick guide

    Posted: 24 Feb 2018 08:25 AM PST

    Pat from Starter Story here. I wanted to try posting something a little different than usual.

    I just interviewed the guys from Dry Camp. They recently went through the process of finding a manufacturer.

    So I asked them how they did it.

    They sent me an awesome, detailed guide. Hope you enjoy:

    How to find a manufacturer in 2018:

    Manufacturing a product is actually quite harder than you would expect. You have to do your research on what materials you want to use and where they would be coming from. We sought to build a brand with great quality that offered more product for the price and a great warranty behind it.

    This meant we were going to have to compare manufacturer ratings and prices, all while creating a relationship that could last our company's lifetime. We wanted to offer a lifetime replacement warranty on our products - so to do that, we needed to find a reputable manufacturer.

    There are great sources for finding manufacturers for goods, but you want to be sure you are finding the right one for you. We searched Google high and low to see what we could stumble upon, beyond what places we already knew of. Then you start by submitting each manufacturer a request for quotation, where you can receive an estimated price for what you are looking to have made or sent to you.

    I would highly recommend creating a list of these quotes and the following process to anyone who has a unique design, product or invention that they want to build.

    Here are steps of the process we heeded:

    1. Go to Google and search for manufacturers, whether by typing that in the search bar or looking through sites such as Amazon to get a feel for what products come from where. Check to see if they offer the goods you are looking for and/or comparable materials that you may want a sample of to test out. Do your research on the differences of these - and always take notes!

    2. Be sure to look for ratings that are higher on the given scale, read reviews (which are always a must!), and check to see if they come with any assurance policies that will guarantee your products to arrive safe and sound. Make certain you take a look at the number of sales they do and their supply capacity. Begin making a list of the ones you want to contact with space for commentary.

    3. Contact the suppliers with a message explaining exactly what you are looking for, including how many items you want as this can change their estimation on pricing dramatically. Then, ask if you can be sent a sample, either of their materials or the finished product. Be sure to be very thorough in the description of the product you are looking for, and I would suggest sending along a drawing even to help. Some manufacturers will work with you while alter your design, but some will not, so be sure to tell them that you want to wait to order when you have had time to properly review the samples.

    4. When your samples arrive, make notes of your thoughts, test them out and show them off to get feedback from potential customers and/or people that will give you an objective review. This really helped us when we designed our products, and actually resulted us in having to go back to the drawing board to maintain the quality of our designs while ensuring comfort.

    5. Talk to the manufacturer about packaging and anything you need and want to be included, including UPC's, warning labels, and any other printed material. This will help you to know whether you have to look elsewhere or if the pricing and time frame needs to be adjusted.

    6. Double and triple check your order before completing and sending through to the manufacturer. Remain in constant and quick contact as to ensure a smooth process and build upon your business relationship with the manufacturer for possible future purchases. Always remember to keep your options open though - for pricing is always ever-changing to meet your needs.

    As mentioned many times above, be very thorough with what manufacturer you go with. You'll notice they may change their pricing on you, so be sure to ask if they can send you an itemized bill. We had to search through many manufacturers until we found one we could trust, that had consistent communication, and exactly what we were looking for.

    submitted by /u/youngrichntasteless
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    Entrepreneurship vs Business vs Hustling.

    Posted: 24 Feb 2018 08:18 AM PST

    I know there is controversy surrounding the types of posts in this sub but one thing that always confused me was the blurring lines between the three words mentioned in the title.

    A lot of people hustle with most of the online businesses when it comes to affiliate marketing or anything to do with price point wars. From my perspective it doesn't scale up like a "real" business. To me entrepreneurship is about taking an idea and executing it to a point where you can actually delegate work to others. Then it becomes a business with an actual plan. When you hustle with the day to day activities of a business, you're just creating yourself a job.

    What do you guys think?

    submitted by /u/X2WE
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    How to be hired as a VA (Virtual Assistant)? Willing to work for free

    Posted: 24 Feb 2018 11:46 AM PST

    I would like to be involved in e-commerce as a way to supplement my income to provide for my family. I have no experience with web development, SEO, drop-shipping, or any other jargon/skill associated with working in e-commerce. I would like to learn the ins and outs of a successful e-commerce so that one day I can open my own and know how to operate it. I'm a hard worker, fast learner, and can follow orders/directions (thank you military).

    I am willing to even work for free as long as my employer is okay with me leaving in a year or two to start my own company (obviously I'll sign a Non-compete so that I'm not doing anything remotely in his/her field)

    TL:DR I am willing to work for free as a VA to gain the skills and experience so that I can be successful in my own company one day. Thank you

    submitted by /u/sa3pm
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    Local Service business providers: Is anyone familiar with USPS B2B?

    Posted: 24 Feb 2018 11:26 AM PST

    Is it worth it? And how did you go about generating new business?

    submitted by /u/GSMM17
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