Startups Starting up a startup, looking for guidance! |
- Starting up a startup, looking for guidance!
- Product management : CEO or CTO?
- I built a 1:1 meeting note-taking app. How niche should I go?
- How personal should I get in telling the story of how my company came to be?
- Need some advice!
- How to find your business niche: 8 questions to ask yourself
| Starting up a startup, looking for guidance! Posted: 30 Nov 2018 09:16 PM PST Hi everyone, just joined this sub and thankful I've found (hopefully) the right place to get some information and knowledge that I never seem to find the right answer for online. Backstory..... me and my partner have recently left our jobs to create a service that is geared towards production (corporate videos, commercials etc) but another big side of our business is real estate services with hopes to launch an app to make digital marketing and content easier for realtors including drone services. We've found a need in our community and even on a global scale for what we're doing. (Sorry I'm trying to be as descriptive as I can without giving up all my eggs here) My background is in sales and photography/video I've worked as a freelancer all through college normally filing self employed income. Now this is my income, all of it. I've been doing a "sprint" for about the last 2 months 13-16 hours of behind a desk perfecting my business model and client acquisition. I am the primary founder then my good friend/college Roomate is the second partner. We've just taken another friend on to help with sales activity but also wants to get a piece of the business. We're not incorporated yet because frankly we're not sure how to register our business. LLC seems like the the obvious answer but we want to be sure this would be the right way for both tax reasons and from a business standpoint. I'd love some advice here if anyone can provide on which route to take. Now, I've written out a comprehensive business plan but we're having one major issue. Cash flow... we have some projects of good size coming up but it's a weird time of year right now with holidays and everyone's fiscal year ending. We're heading in the right direction but it's a slow and steady start. Unfortunately we're also living off what money we saved from our jobs through college with student loan bills on their way. I'm worrying that due to the lack of cash flow and the cash flow we need to get to the next step we may not make it there in time and I'll have to put aside this work to get a 9-5 (absolutely worst case scenario). We believe a loan or an investor would be a good idea but we're also not a registered business yet and can't really value ourselves adequately. Secondly, I just don't want to take on any more debt but it seems like my only option at this point. We've just moved off from our proof of concept with a series of 8-10 meetings to see if companies are interested and they certainly are. But these things won't be taking place for another month or so and I'm worrying about my own financial situation. I'd love if someone could point me in the right direction and I apologize in advance if this isn't the right sub for this. 1) I'm looking for guidance for how to incorporate and as the founder what should I do. I'm not versed in what laws to abide by or how to even go about it. 2) We have a good business plan, if we want funding what's the best way to go about this? I've been actively getting on the radar of people in my industry on LinkedIn who invest, worth messaging those guys? 3) Any other advice here I will take. I'm certainly not stuck and not going to give up we just have to clear this hump with holidays. Thanks so much! [link] [comments]  |
| Product management : CEO or CTO? Posted: 30 Nov 2018 10:11 PM PST In an early stage startup where the vision comes from CEO, who do you think has the most chance of being successful at product management? Does it depend on : - temperament , who ever has energy for it - time and availability : who ever can free some time for PM - closeness to customers : who has a network - technological knowledge - UX/UI experience - experience with leadership - experience with lean startup methodologies - startup industry knowledge - anything else ? Are there red flags one way or another? Is it better to have another cofounder to handle the PM? [link] [comments]  |
| I built a 1:1 meeting note-taking app. How niche should I go? Posted: 01 Dec 2018 01:42 AM PST I built https://www.oneonemeeting.com to help team leaders manage their one-on-one meetings with their direct reports. It is already niche (as not every manager do 1:1s). But now I am considering the idea of going even nicher. For example, focusing on managers that lead software developers on tech companies. The idea is not just refine message and marketing to that niche, but build features that serve that niche needs. So my app can have an advantage to other 1:1 meetings and general note-taking apps (like Evernote, Google Docs, etc) that managers use on their 1:1s. I am a bootstrapping solo founder, that's why I think going niche is desirable. I am just not sure when a niche is too niche. Any thoughts? [link] [comments]  |
| How personal should I get in telling the story of how my company came to be? Posted: 30 Nov 2018 05:24 AM PST Because I have recently considered getting deeply personal. I thought about what has, in my past, gotten people to actually take the actions of interacting with my content on social media, and the deeply personal approach has seemed to yield the best results. There is something about being open about struggle, and sharing how you are in a better place now that makes people want to take action and show their support, so that is how I am thinking of approaching this in business to gain the support I need to take the next step. I think I want to talk about about love and depression in my life and how it lead me to develop a certain philosophy on life and falling in love with the idea of changing my community through business. But I'm not sure how ridiculous that would be. My story would go something like this. As a teenager I met a girl, and she quickly began to epitomize everything that was right in my life. She became a symbol of my happiness in a time when everything seemed to be okay, but then that all changed. I was not living in my home town and I started at a high school of nearly 2,000 not knowing anyone. It was the beginning of a depressed period of my life. Although me and that girl grew apart, she still had a strong hold on my heart. I struggled to understand this though, and I gave it so much thought. I questioned everything. "how can i like someone who i haven't talked to in so long?" i asked myself. i questioned all aspects of my life including what i wanted to do with it. And over a long period of time, i found some answers and the roots to my philosophy in life. then i graduated form high school and moved even further away from a hometown which i deeply missed. i started to use the answers i found to think of ways in which to apply them to my life. i knew i wanted to go into business and change the world for a long time, but what business? and change the world how? then something struck me, a realization that sport is really about the community behind the teams. soon after, my hometown won the world series. seeing over half a million people come together to celebrate their victory, i knew that i could use the power of sport to change the world. i began to be absorbed by this idea of bringing my communities closer together through sport. this idea quickly began to symbolize a happiness i saw for myself in the future. if it weren't for falling in love as a teenager and questioning everything, i would have never been able to fall in love with this business and be where i am today. So, I just had this idea of being deeply personal yesterday so obviously the story is really rough around the edges, but that is the gist of it. I feel silly telling that truth about my life but if it helps people connect with what I am trying to achieve, then it needs to be told. Ignoring the slight adjustments that the story needs, what do you guys think about telling a personal story like that? While doing research into the industry I am entering, I once laughed at the fact that a founder talked about his divorce heavily in the about page of is company. But now I think he was on to. People want to give their support to people who open up about past struggles and show that they are going on a better path. [link] [comments]  |
| Posted: 30 Nov 2018 08:23 AM PST Hi everyone! I'm in the process of staring my own startup but I need some advice regarding finding web/app developers as well as advice with getting funding. I have some programming background but I do not want to rely completely on myself to get everything done/ also think my skills can only go so far. I often get overwhelmed by thinking that I am not moving fast enough in getting all of the logistics complete. I've been doing a lot of market research and feel confident in my idea but I feel like I am somewhat unsure where to begin with implementing it. Anyone have any advice for a beginner diving into the startup world? Appreciate all feedback and thanks in advance! [link] [comments]  |
| How to find your business niche: 8 questions to ask yourself Posted: 30 Nov 2018 06:03 AM PST |
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