The 7 deadly sins of startups: Lack of market need Entrepreneur |
- The 7 deadly sins of startups: Lack of market need
- I'm a young entrepreneur (21) and I'm running out of options, I can't seem to win clients as a developer.
- I finally did it.
- Is it ethical or acceptable to cold call someone who might be a victim of fraud through our store?
- I was approached by another local, legitimate business to acquire/merge/partner with my business. What is the best way to structure our organizations going forward?
- How do you find a profitable industry?
- /r/Marketing mods are live streaming a 24 marketing buildout in the Extra Lives charity event. Discussion is welcome here.
- My one secret for people getting into entrepreneurship
- Helping my mum start her own business but need ideas to help cash flow in between big jobs.
- Social media manegment
- Adding online part sales to my automotive restoration business
- We are launching an Accelerator and I want to know, those of you that have been through an accelerator, what did you like/ not like? and what’s on your wishlist if you did it again?
- I’m looking for a good idea or two that I can help with funding.
- How Can I Design & Manufacture a Simple Necklace for my Business?
- How to get the word out to reddit when launching apps?
- How to find a manufacturer?
- Starting a Baking goods selling website
- Tips for staying engaged and enthusiastic for you small business?
- Clothing brand - logo similar to other business
- How do small businesses like this survive?
- Need tools to create audit workflow
- Help finding Providers
- 16 year old in UK looking for some advice on starting a business
- The genesis of an idea
- Goals: realistic vs highly ambitious
| The 7 deadly sins of startups: Lack of market need Posted: 03 Nov 2018 09:13 AM PDT In an analysis by CB Insights, nearly half of all startup failures were due to lack of market need. To be successful, you must inspire the market to purchase what you're selling. Check out real-life situations that top companies faced in our article. Link down below! [link] [comments]  |
| Posted: 03 Nov 2018 05:56 AM PDT Hi everyone I really appreciate anyone who takes the time to read this. I'm freaking out. I'm barely making ends meet and I don't know what to do, I'm a good developer and I can build almost anything that needs coding but I can't seem to show potential clients that. I don't know how to sell, I don't know where to go, and worst of all, I don't know how to learn it. People say you just have to practice it to learn, which I agree, but I don't know how to tell what is and what is not working and I don't know where to go to learn how to sell, I just need to be able to convey my skills to potential clients. I don't need to sell much either that's the most frustrating part, I've sold like 5 websites in a year and that was plenty to pay rent and live off of. I just don't know how to replicate it. If anyone has any advice I would massively appreciate it. [link] [comments]  |
| Posted: 02 Nov 2018 04:45 PM PDT After years of thinking and planning over, and over, and over again, I just went out and did it. In one day I trade marked the name, I registered the LLC, paid for my logo, made business cards and had five shirts embroidered with the logo. I went and opened a business checking account with the last cash I had. I still have a long ways to go to get my name out there, and hit up a few places with flyers, cards, and pitches. I'm just so proud of myself for sticking my neck out and starting. Something I've been afraid of for so long. I don't have much money, but I've got time to start getting out there, showing people what I can do, and finding my first customer. It may take me six months to get some revenue but that's better than the last two years I've been sitting on my ass day dreaming. Edit: I'm providing handyman services for fixes and tasks that most of us take for granted. It all started because my own grandmother lives about 1400 miles away. She's been living with a fire alarm with a low battery for 6 months because she can't get on a ladder to replace the 9v, but every nearby contractor she calls wants $90 just to show up. [link] [comments]  |
| Is it ethical or acceptable to cold call someone who might be a victim of fraud through our store? Posted: 03 Nov 2018 10:29 AM PDT Got an order that raised every fraud flag in the book the other day. Woman's name and address in Nor Cal, burner phone number in So Cal, and delivery address and contact email to a recipient in Detroit. Now I don't mean to judge or be inappropriate but the billing address is located in a very wealthy part of San Francisco. The delivery address is located in the bowels of Detroit. The phone is not connected, the email has the recipients name. Wondering if it would be ethical to reach out to the person whose info is listed as the billing information either through their whitepages phone listing or facebook-- or just not get involved and refund. [link] [comments]  |
| Posted: 03 Nov 2018 11:07 AM PDT I was approached by another local, legitimate business to acquire/merge/partner with my business. What is the best way to structure our organizations going forward?I own a residential energy efficiency sole proprietorship that is in the process of expanding from myself to include my partner. He currently is "unpaid" and participates in assisting me with tasks related to the business (this might be a whole other topic). We're at the stage currently where we are way too busy for just myself to work full-time and not quite busy enough for him to work full-time (but in the spring we will 100% be, a lot of my work is seasonal). We were in the process of looking to transition him as an employee or find another alternative that would work for us as he's not legally part of the business at this point. However, we were approached recently by an engineering firm that does similar work (commercial) and were interested in partnering up with a company that covered the residential side and could fulfill additional services they could not (energy assessments). When they found us, they proposed to either acquire our business, merge or look at some other alternative organizational structures. Neither business has experience in doing something like this and my background is not in business, and obviously they're engineers so their experience with this is limited as well. We do not want to be acquired and have our business dissolved however. One of their proposals was to do this, and keep us on as staff. We are not interested as I have created a career where I can work from home, make my own hours and have control over my business in all aspects. Alternatively, a partnership or merger of some sort would be more beneficial as their business also provides us benefits - they have employees (4 + 2 partners), access to resources, a wide client base that we can also for residential work, and more. However, we would like to retain our "brand" as we have worked hard to separate ourselves from the competition and fulfill a niche with our services. Our clients know us by our trade name and don't want to give that up. Is there any way to merge companies and keep separate trade names? What are our options? [link] [comments]  |
| How do you find a profitable industry? Posted: 03 Nov 2018 10:40 AM PDT I was reading about a person who started a business in healthcare space: building software for doctor's practices. They charge more around $600 a month PER DOCTOR in that practice. That's crazy amount of money coming in every month. And they're considered a cheaper option! There's no way they aren't profitable immediately. That said, if I try looking for profitable industries where I can build a business and also charge enough to make it profitable, there's nothing left. Nothing that doesn't already have over 100 options that I cannot compete with at least. So what's your thought process/strategy to look for industries where there is a good opportunity to both start a business AND be sufficiently profitable? [link] [comments]  |
| Posted: 03 Nov 2018 11:57 AM PDT A mod over in /r/marketing is doing the Extra Lives charity event this year and live building the digital marketing. He's posted resources and a build plan as well. Resources: Summary of the plan (warning: donation button on page): https://www.extra-life.org/index.cfm?fuseaction=donorDrive.team&teamID=42621 Task list: https://docs.google.com/spreadsheets/d/1xkvheygXkSV4UFBgjikLP4ortJ4tzgFlW8Gzpo6iIaI Specific Questions - Did he miss anything? - Should /r/Entrepreneur be participating in similar projects? - Can this material be used in other businesses? If so where and where would usefulness be limited? [link] [comments]  |
| My one secret for people getting into entrepreneurship Posted: 03 Nov 2018 07:24 AM PDT At some point you're going to have to bite off more than you can chew and hope you can learn how to swallow it. If you never take this leap and don't work with clients because you're not comfortable you will never grow. [link] [comments]  |
| Helping my mum start her own business but need ideas to help cash flow in between big jobs. Posted: 03 Nov 2018 06:55 AM PDT Hi, As the title says, I'm trying think up ideas for my mums new business. She is a furniture upholsterer and wants to work creating high quality reupholstered vintage furniture in modern fabric. Which I think is a really great idea but will take some time to sell each piece and need substantial cash to create each piece. She has had small jobs doing cushions but wondered if anyone has made any small steady incomes in this business. Are there any upholstery businesses on here that have a good side income? Also has anyone had any experience running successful Etsy stores? [link] [comments]  |
| Posted: 03 Nov 2018 02:40 PM PDT Anyone have experience with or know of successful social media management for small local businesses? Do small shops and garages really benefit from a shinny Instagram page? Would it be worth them paying say 100-150 a month for social media management? [link] [comments]  |
| Adding online part sales to my automotive restoration business Posted: 03 Nov 2018 07:02 AM PDT Good morning all, I have been playing with the idea adding online part sales to my business and could use some ideas and feedback. With my main business, I restore/fabricate cars in a very specific market and we do pretty well. That said, I would like to start offering parts that are specific to our industry to possibly help supplement income. The majority of parts I'd like to use (custom race suspension, etc) are only available from a few manufacturers who I have a great relationship with but do to the cost of these parts, I can't afford to have a huge inventory...if any. When I buy these parts from our vendors, I get a pretty damn good price so I think that there is enough margin to make this worth my while as well as the possibility to get the parts I use for my builds at a cheaper rate. So the question is how do folks usually go about this? Some of the smaller parts I think would be easy to purchase and stock on the shelves, however some of the larger items would set me back $50k in a hurry and I just don't have that kind of money. Right now, I've been (on a small scale) drop shipping my orders to people looking for parts, but I think it could be scaled up quite a bit with a little advertising and customer engagement which would be mutually beneficial for me as well as my vendor. Ideas? [link] [comments]  |
| Posted: 03 Nov 2018 02:31 PM PDT Hi, I'm building an accelerator program and gathering feedback on what early stage entrepreneurs are looking for? Our focus is on creating tangible results with very specific deliverables at the end of the program vs having people sit in class rooms and listen to a bunch of theory only. I'd love to hear everyone's feedback and thoughts. [link] [comments]  |
| I’m looking for a good idea or two that I can help with funding. Posted: 02 Nov 2018 03:19 PM PDT I'd like to talk with you if you have a good idea but not enough funding. I have some ability to fund the right person or young company with the right idea. Im currently doing small angel investing in a few projects and looking for more. Please PM if you are interested. Thank you. Edit. Haha. RIP inbox. I will absolutely answer everyone. Please be patient with me. 2nd Edit. Many asked my background Grew up on a cattle ranch. Learned app dev independently Went to university (bs physics) Various jobs, the latter ONES as an exec. Participated in a Fortune 500 ipo. No longer working for the man. 50ish years old Looking for exciting options for myself Currently working with a friend and longtime entrepreneur in two investments. Not looking to steal from anyone Please send me an NDA [link] [comments]  |
| How Can I Design & Manufacture a Simple Necklace for my Business? Posted: 03 Nov 2018 02:17 PM PDT I own a small business and I would like to give away free necklaces, rings, etc. to customers with my company logo on them. How do I go about getting them designed and manufactured in bulk (2,000-10,000 for my first order). I'd like them to be cheap and cost around 25 cents a piece if possible since they're just free giveaways anyways. No idea if that is even a realistic goal, but if I can get them under 50 cents, I'm pretty happy. Should I contact suppliers on AliBaba for production? Before that, I'd need to have an .ai file of the design, right? [link] [comments]  |
| How to get the word out to reddit when launching apps? Posted: 03 Nov 2018 01:54 PM PDT Got kind of a meta question here. I built a stocks app and published on the App Store three days ago. I thought reddit might be one of the first forums to get some initial users for critique and criticism. However, subreddits like /r/investing or /r/personalfinance explicitly ban advertising of any sort and I imagine it's the same in most finance-related subreddits. And for that reason I'm not linking to my app or website in this post either. I'm sure I'm not the only app developer who has come across this on launch. How do you go about getting the word out to redditors when you launch a beta? [link] [comments]  |
| Posted: 03 Nov 2018 01:53 PM PDT I've got a part that I would like to get manufactured that is very similar to a typical pull up bar, with just one minor modification / add-on. What would be the best / cheapest way to go about getting this manufactured? Or at least getting a prototype made? Apologies if this is a bit vague, but any help is appreciated! [link] [comments]  |
| Starting a Baking goods selling website Posted: 03 Nov 2018 01:48 PM PDT Looking to start selling baking goods online in canada wondering what exactly will be the legals issues what i know about already business license licensed kitchen Any help would be great [link] [comments]  |
| Tips for staying engaged and enthusiastic for you small business? Posted: 03 Nov 2018 01:42 PM PDT My husband and I opened a small shop and are currently building a brand. The shop is seasonal. I'm happy to say that it's going well— but I keep running out of steam. How do you fight decision fatigue and stay engaged and enthusiastic in your business venture? [link] [comments]  |
| Clothing brand - logo similar to other business Posted: 03 Nov 2018 01:38 PM PDT Hello, I have been wanting to start my own clothing business for a while and I'm finally about to pull the trigger after finding manufacturers and agreeing on a price. I had picked a name, had a logo made, and am ready to push forward but I've found another clothing company that has a similar logo. What would you do in this situation? My logo is noticeably different, but it is the same animal. The last thing i would want is to produce shirts, and have someone think it's actually company xyz instead of mine. Has anyone been in this situation before? I really like my logo and name but really don't want to go through the hassle/stress of infringement as this is purely a small side business. Thanks, - DJ [link] [comments]  |
| How do small businesses like this survive? Posted: 03 Nov 2018 01:28 PM PDT I have a local coffee shop that sometimes I stop in to. They've got this little thing going where they give you ice cubes made of coffee... in your coffee. So when it melts you aren't just left with water. Here's the thing - They have a "$5 card limit". The coffee that they have is extremely expensive. If I go to Dunkin' Donuts and get an iced coffee, it's $2 and some change. This place, for the absolute smallest size? About $4.30. I go once every month or so for something different, but I just do not get it. They claim to compete with the competition in the area (One of which is a WaWa), the other is a Dunkin'. They've told me that they are in direct competition with them, but I do not see it. The chairs and tables are always empty. I'm always the only one in there. I cannot IMAGINE that they are even close to competing with 2 of the biggest retailers in the area where people get their coffee. I cannot understand how they pay their rent or even survive? To be clear, this is not me attacking them. If they stay open and make a killing, awesome. But with the card limits, the $4.30 for a small, the empty seats, ect - I do not know how they do it. [link] [comments]  |
| Need tools to create audit workflow Posted: 03 Nov 2018 01:21 PM PDT GA everyone, In my business I often conduct full risk management audits with my clients. While I do this mostly verbally and with basic forms I've created, I have been wondering if there may be a better way. Ideally I'm looking for a tool I can utilize for creating a full audit work flow for use during client meetings. Elements I'd like to address: 1. These are the steps we will be completing together. 2. Basic information gathering. 3. These are the documents I will need from you. 4. These are the questions we address together. 5. This is the report I've prepared. During step four as I mentioned previously, it would be great to have something we can fill out together during the analysis period while also indicating some guiding questions so I can be sure nothing is forgotten. Thoughts and insight would be most appreciated. Microsoft VVA was suggested to me and haven't utilized it before so insights there would also be great ! [link] [comments]  |
| Posted: 03 Nov 2018 01:21 PM PDT Im looking to expand my network of interpreters for many languages. However now i'm looking for Cambodian interpreters in the Denver area. I have tried Linkedln, so far no luck with it. Any suggestions? This would be for an assignment next week. All suggestions appreciated. [link] [comments]  |
| 16 year old in UK looking for some advice on starting a business Posted: 03 Nov 2018 01:17 PM PDT I'm a 16 year old student in the UK and I'm seeking for some general help and a bit of legal advice with my clothing company that i have been working on the past 2- 3 months. Anyway: 1) I have bought the domain name for my companies name, but what about trademarks? I have looked up on the gov.uk website but there is no infomation about what age you have to be to get a trademark - should i get it registered under my parents names can i do it myself? 2) When i buy the trademark does it only include the actual name of the company or can it include the logo of the company aswell? Do these two things need to be seperate? 3) If i trademark my brands logo - but i have that same logo in different colours, does each colour of logo need a new trademark? 4) Whats your best advice on how to get the brand out there? I have interesting ideas on how to advertise (i.e going to different cities around the country and hosting a sort of 'event') but these advertisment ideas need to be built in a specific way in which i hope to build trust and interest in the brand- which will cost money...so 5) What is the best way to build funding at 16? I am still a student, still studying hard for exams (6th form) and while i could get a job to fund this, its almost like i have no time anyway, as half the time at school or studying, half the time I'm working on my company. And while I could ask my parents to help fund, (as we are financially stable, and so I wouldnt be putting us at risk if they did partially fund) I don't want them to fund my idea, and then it fails or somthing happens so I can't continue. 6) How should I go about manufacturing? I have contacted a couple of companies relatively near me that say they can do printing and embroidery, but where can I get the actual clothes? I have looked at places like alibaba and clothing manufactures in the UK but still can't decide/ don't know what to do next. I want my clothes to be of high quality, but also to be ethically sound. If anyone takes there time to reply thank you so much! Even if you only answer one question- it will still move my idea closer to reality so thanks! [link] [comments]  |
| Posted: 03 Nov 2018 01:04 PM PDT This is aimed more towards those who had no idea what type of business venture they wanted to do, and spent a lot of time before finally (and hopefully successfully) coming up with an idea. I want to hear from you guys, because I am currently that guy.. except in the "before the conception of an idea" stage! How did you do it? How did you identify your strengths and skills! I guess there probably isn't a clear answer for this, I just want to hear your story. That alone might be enough of an answer in ways my subconscious can chew over [link] [comments]  |
| Goals: realistic vs highly ambitious Posted: 03 Nov 2018 04:45 AM PDT Do you guys set goals that are grandiose and super ambitious or do you find it more useful to set small, attainable goals and take things one step at a time? [link] [comments]  |
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