Startups Any tips for a noob starting a clothing company ? |
- Any tips for a noob starting a clothing company ?
- German certificate of employment from a Startup - which points should be included and which shouldn’t?
- A food delivery app
- Consultant but I want to create a product from a project I am working on.
- What are some alternatives to registering my home address for a private limited company in the UK?
- Question about when to consider technological feasibility for a B2B startup?
- Communicating with Large Companies to Make Business Relations and Pitching Startup Idea
- How would you monetize this product?
- Before Series A round
- Landing Page Test
- Contractual protection for your CRM leads and customers base?
- Would it be insulting to interview prospective members for your initial founding team, before funding is secure?
- On Word Of Mouth For Startups
| Any tips for a noob starting a clothing company ? Posted: 24 Feb 2019 08:31 PM PST Hi guys, so ive had this idea of starting a brand for a while, and want to finally put it into action ! I have checked and made sure the name Im going to use hasnt been trade marked. Besides that i really dont know what i should do next. I would like to have a dropshipping website or something that doesnt require me to have lots of product on hand since i am a college student living in a small dorm other than that, is it best to secure a LLC or Trademark or is that something that can wait until the company is making money? [link] [comments]  |
| Posted: 24 Feb 2019 04:11 PM PST Hi, In 2016 I joined a Startup in Germany. At first I was employed in development as projectmanager to coordinate the development of the product (it was a geolocalized app). As the release was getting close, I turned more towards the financial side of the company. Since my academic background is audit, law, taxation and finance, I kind of turned into the CFO of the company - a position that was not really implemented at that company at that time. I professionalized the books, managed the funds and planned finances and liquidity. As the release of our product got closer, I prepared finance rounds with investors and we were able to successfully conclude two rounds with a German VC. Part of my question deals with the following point: As we got more funding I was offered shares of the company. The company was a GmbH, which is a private company with limited liability. I would say in Germany it is considered quite notable to become a partner in a GmbH, as it is not like a stock that you can just buy and become a shareholder. I left the company last year on good terms and still keep my shares of the company. As I left, I received a certificate of employment from the startup which also stated, that I was „incorporated into the circle of partners of the company". Now that I will apply for jobs, I was wondering if that part should be included in my certificate of employment or not. In Germany there is a special Code for such certificates and I am not sure if my employment certificate complies with that in every way, as that startup was not professionalized to that point that I would say I don't have doubt. I am thinking of asking for a new certificate of employment with leaving my shares in the company out as it actually doesn't have to do with my work there. I talked to a few other people here in Germany who say the same. But I would like to know how other people think about it, especially from the US. Would you keep it in your reference that you were a partner in the company? Or do you also think that should be left out as it is not actually work related? [link] [comments]  |
| Posted: 25 Feb 2019 01:07 AM PST
Hello everyone, forgive me if this is posted in the wrong sub :) In my country , weather gets tough sometimes, sometimes gets too hot, sometimes freezing cold. so, getting routine stuff like food for example most of the time, depends on weather state, and most shops here in my city don't provide decent delivery solutions! orders are made by phone calls and sometimes signal gets weak in client's location, so sometimes it's a bit hard to get stuff, you get the point. So me and my friend are partnering up and going to start a small business that provides a mobile app which luckily no one in our city (or nearby cities) made such app for now. We have allocated a small amount of money enough to start in a close town first to test our business strategy which is simple:
My friend will be responsible for the ground part (contracts, marketing, legal stuff, ... etc). I will be responsible for the technical part of our startup so I'm focusing here on this side.
So I came with a theory, that we'll need two apps running:
Here comes the end of my humble vision! Two apps connected with firebase. I also wanted to build a website for that, but I believe we can depend on mobile apps as a start, then maybe we provide a web version.
What else? [link] [comments]  |
| Consultant but I want to create a product from a project I am working on. Posted: 24 Feb 2019 10:11 PM PST I am a self-employed consultant/contractor. My main client is a 1B+ net worth company that does government contracting. I am currently helping them resolve the architecture for a project and have identified part of the project that I could do independently. More-so, I feel I could turn it from a one-off to a marketable product(s). The software and hardware would be valuable and might have some IP. I'd like to discuss with the product and project manager about taking the IP and coming up with a plan to making the product for them on my own and selling it to them. Has anyone done this and have any experience in this- what were your failures and successes? My risks are not having the discussion but losing out on potential money for the software/hardware- I don't fully know how I would sell the technology and how to value the software- but Im looking to explore how to contractually push that and convince them that this is a great idea. Thank you for reading. [link] [comments]  |
| What are some alternatives to registering my home address for a private limited company in the UK? Posted: 24 Feb 2019 11:16 AM PST I am planning to open up a private limited company in the UK for my startup however I am not sure about the alternatives to registering the official business address. I ideally don't want to use my home address due to obvious privacy issues, but what alternatives are there? I had a quick look around and are those websites that sell "virtual addresses" really legit? Someone also told me to get an accountant or lawyer to use their offices to register the business address, but I am not sure just how expensive it could be. Basically, as a rough estimate, how much money should I be looking to spend per month or year on having an office address other than my home address? [link] [comments]  |
| Question about when to consider technological feasibility for a B2B startup? Posted: 24 Feb 2019 04:11 PM PST Hello -- I'm currently working on a B2B startup and we're about to lock in our first pilot. Half of the idea is providing objective metrics to a construction site to infer progress, quality of build, and other info like velocity of your subcontractors per trade, etc. We're not far along in validating our assumptions yet to build the tech yet, so most of the things that we're going to do will be manual for this pilot. My concern is that we might be working in a black box, and if something like this is actually viable to the industry - the tech may not be there yet to make this actually possible in the ideal. When would you consider making a pivot based on the feasibility and scalability of the technology involved? [link] [comments]  |
| Communicating with Large Companies to Make Business Relations and Pitching Startup Idea Posted: 24 Feb 2019 02:12 PM PST As a young aspiring entrepreneur, I lack the network that some older entrepreneurs have. The startup idea that I have, requires third party companies that are willing to pay per acquisition (PPA) and pay per click (PPC), which also means that I need to get into proper contact with these larger companies. I had an idea, that I would like to host a gift finder website, that off of the criteria that the customer has submitted, about the person that they are gifting to, the gift finder will find results that fulfill these criteria; therefore making it easier to find a gift. To make sure that the assortment provided on the site is not overwhelming, I wanted to only include products from companies of which were affiliated through PPC and PPA. However, as a startup with no traffic on the website, I find that I would not be able to prove that this would be profitable for the larger companies. Do any of you have any advice on reaching out to companies, or any prep I could do to prove that this method could be profitable for them? [link] [comments]  |
| How would you monetize this product? Posted: 24 Feb 2019 05:40 AM PST Hello, I've been working on a product that allows job seekers to upload resumes of their skillsets. I see it as something useful for many job seekers as it allows them to apply to jobs by providing them a link of their resume (and other information). One issue that keeps arising is how to monetize such a product? At first, I thought making a subscription model would be the ideal process but thinking about it. I don't personally think job seekers would pay such a product (makes sense because they are looking for a job that provides them revenue). I'm in the debate on how to monetize this product? I think this is suited to B2B but not sure where to get started? Any suggestions from the community? [link] [comments]  |
| Posted: 24 Feb 2019 09:33 AM PST Hey fellow entrepreneurs, so I am wondering how companies like Tesla or Rivian even survived before Series A founding, with a software company I can totally understand that you can create a great compelling product without much money, so you have a working prototype that attracts investors. However you can hardly produce a car without some serious funding. In the case of Tesla it was Elon Musk, because he just believes in it, but most investors want to make money and that was very unlikely at the time for Tesla. I do not have a degree or anything fancy like that + I obviously have no idea how startups work in the US, since I am from germany, where it is a little bit different. I want to develop electric container ships, I did the math on battery/weight ratio and think that it would be compelling for shipment companies to have such a vessel, because it is way cheaper to operate, obviously I have the basic design and structure of the vehicle and would love to produce this, but I hardly see how any investors wanting to invest. So how do you think I should secure initial funding? [link] [comments]  |
| Posted: 24 Feb 2019 08:38 AM PST Hi everyone! Need some advice. My teammates and I share a common problem in our workplaces (B2B). We decided to quickly test our solution to this problem by creating a landing page and driving traffic to it. Users were able to see a prototype. With $200 spent on Facebook and Google ads in two weeks, we had 15k visits from 11k users and a bounce rate at 69%. More than 200 users subscribed to our newsletter (1.8% conversion rate). This allowed us to talk directly with people who also experience this problem. We have yet to decide what to do next. [link] [comments]  |
| Contractual protection for your CRM leads and customers base? Posted: 24 Feb 2019 06:14 AM PST After 5 years our tech startup is not yet completely profitable. I believe our technological product is not very advanced, original or maintainable, but we proved ability to execute and scale. However I think our major asset is our CRM, with leads and contacts. Indeed one of our cofounders and consultant is investing all his time in managing such CRM. I know it's a major lack of trust, but I think this consultant could survive a shutdown of the company because he has all the contacts. I suspect he already sell services to some of our customers on a personal basis (well he kind of boasted doing that in a private conversation). He also seems to have little interested in the survival of the company, and he also turned down (or at least is careless with) profitable contracts because the don't belong to his "circle" . Is there a way of protecting legally our company? The CEO is absent or too ingenuous. I would like to ask in subtle way this kind of contractual condition (without pointing finger). [link] [comments]  |
| Posted: 24 Feb 2019 04:48 AM PST Alright, so I have the pre pre-seed funds I need to attract potential investors. Took a long time but Im now in a position where I can really sell potential investors the business, and basically lay the ground floor. However I lack the team I would need to attract said investors. I definitely need a solid CTO and at least four other positions filled so that once I have the funding we can start off strong with a confident team. Im wary about approaching investors with just myself and my lawyer basically and the reviews of some third party app developers. I want to give them a team. So im in a chicken and egg situation. How do I attract a team when we haven't launched yet and dont have the funds to pay them, and how do I convince an investor that im a good bet without skilled people with me? Would it be insulting to interview someone for a future position? Would that come across as dishonest and misleading? Im definitely not trying to get anyone to work for free, just basically say "Sure, Im with you!" and work on what their role would be, so I can present them as an asset. [link] [comments]  |
| Posted: 24 Feb 2019 02:08 AM PST Hi /r/Startups, with this post my intent is to look at word of mouth. My TLDR is: when there's more to a product (generally) than just utility, that's when people start sharing it. Sure, focus on the utility value but after a certain threshold, there's more to it. The long storyYour product helped me with something? Good, thank you for that. Depending on how much it helped me, I'll be more or less grateful. I may tell friends who could use it and benefit from this incremental upgrade. Most probably, this product made me do something faster, with less resources or just made something more efficient. However, that's not something we share with all our friends. And you might object, say "But I did share within my group this new add-on I found somewhere".
However…When something helped you and it made you feel something: that's the moment when you want to share it with more people. Not necessarily all your friends but the audience is now not just a "tribe" — i.e. people centered around a subject. It may be multiple tribes. It's not just the programmers. It's the make-up artists, the singers and the bankers. Three tribes who might not be related on a regular day. That was abstract. Let's look at practical nowMake-up artists, singers and bankers have iPhones. I know, I went for the most classic example. I know, Apple is an almost-trillion-dollar company. However, they created experiences. It's not just something that helps me with my day to day life. They made stuff that you can play with. And if playing is just for kids, there's that saying — men don't grow up, they just find bigger toys. Women are more developed on an emotional perspective, and there's biological evidence for that. It makes sense why an experience is adding value to people. Don't misquote me though: I'm not saying build experiences for everyone. In fact, I'm advocating for the opposite. Here's the counterintuitive thing: experiences are designed for a certain group of people and only them. A very refined group. Hyper-focused. And somehow it eventually catches onto others. Why? Because the impact of that product is at least tenfold stronger on those who are targeted. And as a consequence of this impact, they are tenfold more likely to share it with people. And once again, they share it with an audience that engulfs more than just people who would benefit technically from the product. See the loop here? The bottom lineIf something just helps me, it's good. If there's an experience to it (i.e. what you offer makes me feel something), it's more than that — it's worth sharing with more people than just who it'd help. And that's how I think word-of-mouth gets on steroids. [link] [comments]  |
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