Startups How to do a better job at vetting potential candidates? |
- How to do a better job at vetting potential candidates?
- Best place to hire remote workers?
- Patent Searching is Rough
- Got our first 50 customers in 3 months whats do I do next?
- Should I pay myself from a business checking account?
- The profitability of open source social media
- First time startup but lack of specialized industry knowledge
- Best option to file as Delaware C-Corp
- Dissolved my Delaware C-Corp. Form 966?
- Need Advice, my advertising in Instagram / Facebook is failing.
- Where to go from here, is it worth continuing? Next steps?
- Defining initial shares for a startup
- Cold calling vs cold emailing?
- Book recommendations
- Should I hire a lawyer to incorporate my business?
- How do you find investors?
- Loan for uk start up business
- Do you find it hard to get quality advice?
- How do you find an app name ?
- Questions about starting up a small tech business
- Learning areas for a startup founder
- Web based start up
| How to do a better job at vetting potential candidates? Posted: 28 Jun 2020 08:59 AM PDT This has been a tricky one since I've made the mistake of not vetting two employees very well at my own startup. Since then, I've had to beef up my vetting practices when it comes down to interviewing potential candidates. Here are a few things I'm doing differently and how I've learned from my mistakes: 1. Don't rush the process. I know you have roles that need to be filled, but that doesn't mean you should rush to get them filled. 2. Create an internal candidate assessment sheet for every new candidate you interview. Create criteria that you want for those candidates (prior success, curiosity, work ethic, passion, preparation, etc. and rate them on how well they respond to your questions. 3. You're a startup, so make sure your candidates can wear multiple hats. If you're looking for someone in sales, make sure they have experience with customer support. Most CEOs at early-stage startups do the customer service aspect themselves and hold many positions. Do any of you have tips you can share on how we can do a better job at vetting candidates? Let's discuss :) Edit — Front Page! Wow, was not expecting that. thank you guys for such a thorough discussion!! Appreciate all the feedback 😍 [link] [comments]  |
| Best place to hire remote workers? Posted: 28 Jun 2020 04:11 PM PDT In the past we used Upwork for freelancers / contractors, and full time employees have arrived through our networks. We've reached the limit of that as an effective strategy. Where do I hire people who are looking to work full time for a company, but with the flexibility (in hours / day structure, location etc) that comes with being remote? Edit: just to be clear, we are looking for "permanent" team members, rather than project-based hires. Putting permanent in quote marks because they won't be hired locally, so may end up being under a contractor framework depending on where they are, but it's an ongoing gig, full time responsibilities etc etc. [link] [comments]  |
| Posted: 28 Jun 2020 11:01 PM PDT I'm a recently graduated mechanical engineer, and I came up with a great (and needed!) idea in the men's grooming and hygiene space. The space I'm in is dominated by a few large companies, all of whom have hundreds of patents, especially on things people take for granted. Are there any entrepreneurs here that were able to overcome this? I've done a patent search as part of a product design internship before, but it only numbered 80 relevant patents. If you have any resources, please share them. [link] [comments]  |
| Got our first 50 customers in 3 months whats do I do next? Posted: 28 Jun 2020 07:48 PM PDT Even with coronavirus in the past three months we have manage to get those 50 customers and we are going really well but I'm trying to work out what to do next? The previous initial stage was just focused on generating customers and being reactive to each day but now I want to be proactive on how to plan and build for the business to succeed? Business is set up for scalability once we start making a positive contribution margin per customer although at the moment our process is very manual. I can't post specifics on here because my boss may see them I am running start up and he is working on it part time and has a full-time job. It is incredibly frustrating working with the owner as he doesn't see the work I have done to make it successful as he just assumes it just happened naturally How can I show him the work I have done which is making it successful? How can I make him more accountable and keep him on track doing what he says he will? How can I get him to being so focused on each days number of sales and looking longer term? The business model isn't normal customer pays for good or service. The customer signs up with us and each a commission from it and than we provide a service to them. [link] [comments]  |
| Should I pay myself from a business checking account? Posted: 28 Jun 2020 06:03 PM PDT I'll soon launch a mobile app (hosted in the cloud) and run the company from home. As of now, all funding comes from my other full-time job. I'm thinking of direct depositing my employment income into my business account. Each month, I'll keep anything left after rent and other life expenses. This way I don't have to constantly move money from a personal account into a business account. Is this a good idea? When I need to file taxes for my C corp, can I write off my living expenses as business expenses? Also, I don't need to look for outside investment right now, but eventually I will. I do not know if this would raise any red flags. Right now, I own 100% of the company. I should also add that the physical address of my business is my home address. [link] [comments]  |
| The profitability of open source social media Posted: 28 Jun 2020 10:10 PM PDT Hello all! Hope this fits in here. I figured this would fare better here than on the sideprojects subreddit because it isn't really about the project but about the intersects of business and open source. This question is coming from a combination of wishful thinking and legitimate pondering. I am currently making a social media app that I think solves a niche problem, and I am wondering about the different paths I could take it if it grows in the future. One conflict that often comes when I consider this is the idea of making the software open source vs keeping the software profitable (maybe though advertisements or affiliate marketing, not selling user data) and acquirable. So, assuming I make this app and it starts to get a decent userbase, would making it open source essentially dash any hopes of making this app very profitable or acquirable? I don't know of any user successful open source consumer apps, actually. Especially social media apps. [link] [comments]  |
| First time startup but lack of specialized industry knowledge Posted: 28 Jun 2020 05:05 PM PDT Hi reddit, I've had an idea for a while about a startup that could decrease the amount of overhead a restaurant owner would have to incur especially during the times of a pandemic. The problem is that i am neither a chef nor restaurant owner. I do not have specialized industry knowledge. How do you approach ideas in industries that you are not familiar with? I have begun working in a startup organization in my city and beginning some market research. I havent seen anything like my idea and think it could really takeoff. I work in Healthcare and have a side gig doing IT work (self taught). I've previous small business ownership experience but never a traditional startup. Any advice is appreciated! [link] [comments]  |
| Best option to file as Delaware C-Corp Posted: 29 Jun 2020 12:51 AM PDT We are two college students in Ohio that spent last 8 months building and testing MVP privately. Goal is to launch publicly by early August. We do not have (any) money and want to know of cheap alternatives to incorporating or if we even should right away. Questions:
Any other mentorship on legal side of starting a business would be great. Thanks in advance! [link] [comments]  |
| Dissolved my Delaware C-Corp. Form 966? Posted: 29 Jun 2020 12:21 AM PDT I recently dissolved my Delaware c-corp. Going through the checklist is a Form 966. It asks to attach "a certified copy of the resolution or plan and all amendments or supplements not previously filed." My cofounder and I have a resolution that we both signed via docuSign. How do we get a certified copy of something I'm just going to print out anyway? [link] [comments]  |
| Need Advice, my advertising in Instagram / Facebook is failing. Posted: 28 Jun 2020 09:15 AM PDT Hi all, I am launching a new startup this week for live workout and wellness classes and offering a free month in all of my ads on IG/Facebook. The site is seamless and checkout is fluid but I have literally converted NO sales after about $200 on IG and different AB Testing. It is only $10 a month afterwards so I dont think its a price thing. I am doing really wide demographics right now and getting about $1 / click to my website but that seems still very high. When I was doing my specific target demographic I was getting killed at over $2 a click. Does anyone have any ideas, guidance? I am pretty new to IG/Facebook advertising, I had a friend in marketing write my copy and have tried a few different things but nothing is converting. It feels like I'm just throwing money in the wind at this point. I also just finished a 60 second ad with Saff from Tiger King and would advice on where / how to promote it. I was thinking of YouTube between workout videos as well as IG - does anyone have any guidance / blogs / advice on the best places / tips to promote video ads? Thank you in advance [link] [comments]  |
| Where to go from here, is it worth continuing? Next steps? Posted: 28 Jun 2020 02:29 PM PDT I know, great title ! So to give a bit of backstory. Me and my partner had this side project idea a while ago. In few simple terms it's a platform for physiotherapists to post their content and interact with clients - it is curated as in we have picked a team of 6 professionals - created a studio where we film them etc. The business model is subscription based - as of now users pay 10 EUR per month and get content of around 20 exercise videos every month. Each professional has his own speciality - athletics, pregnant women/after birth, morning workouts, office workouts etc. Most of our videos are translated live - we thought it could give users a "better feeling" or bigger motivation to try to do it together with the instructors. After live show they are put into archive for users to watch at any time. We made a really rushed launch that coincided with the covid lockdown as we thought that it could give some good publicity and social activism for people to stay at home and stay healthy (we operated everything for free for the first 3 months). I coded the platform on my own, it still needs a lot of work, but it is pretty solid. It supports live streaming has video on demand, analytics, payments, is scalable - everything built up from the ground. You my ask why would I do that if there are already a ton of platforms and services that could provide it? Short answer would be because I can and it is really cheap (not counting my time) - in terms of operational cost. This way I can control everything and it can scale on really low budget. Our starting budget was inexistent. A camera, studio lights, wireless microphones, 50USD for servers. And maybe 1000-2000USD for facebook adds for the first few months. Now on to the problem. We have been operating for 5 months now and have around 120 subscribers. Now for a small country with 2 million people and extremely niche product - it could have been worse. Good news is that large part of those users are big supporters, they write messages to the instructors, give feedback etc. Users seem to be coming in slowly. It used to be 2-5 each day when we started and our marketing was more active. Now it has slowed down to few users a week. At this point we make enough to just about pay something to the instructors for every session, cover servers and a bit is left for marketing. Here I could use some advice. What could be the next logical steps. Me and my partner where planing to set up locally and then repeat the process in other countries or globally, but it takes a lot of work to manage everything here. We both have full time jobs and families so there is no time and energy left. My partner could easily find some investors, but he won't look for them until we are profitable - as the investors he knows won't give us the terms he wants. At this point we decided to continue and slowly grow, there will definitely be more activity in the could months so we decided to continue as is this year and improve the platform. I have a feeling that I have here something that could work out, but some action needs to be taken. And if it doesn't work out on this specific project I still have a good video platform that could be used for something. Any thoughts/advice would be appreciated. [link] [comments]  |
| Defining initial shares for a startup Posted: 28 Jun 2020 07:48 PM PDT Hi all! The title is pretty much the question. What is the criteria in order to define the initial share for each team member? One of the co-founders says that we should split in equal shares, but I'm not interested in giving too much money at this stage (mvp without market fit). Sorry for my bad english, and thanks in advance. [link] [comments]  |
| Cold calling vs cold emailing? Posted: 28 Jun 2020 11:00 AM PDT I have a list of companies I want to either call on Monday or email on Tuesday. I was told that cold-calling is bothersome and I should stick to emailing key people. The only problem with that is, emails of key people of a company are not easy to find. Most provided emails are 'info@somecompany.com'. So it's really a question of whether I should cold email their 'info' email or cold call, which, a lot of the time, will be answered by a receptionist and not a decision maker. What do you all think? Are there any better strategies? Thanks in advance. [link] [comments]  |
| Posted: 28 Jun 2020 12:08 PM PDT Any good book recommendations on the specifics of starting a company? Mainly looking for help with things such as figuring out how to incorporate it, what legal obligations must be met, taxes, possible patents and finding recourses to get the product or service developed. Thanks [link] [comments]  |
| Should I hire a lawyer to incorporate my business? Posted: 28 Jun 2020 09:19 AM PDT I see a lot of (automated) sites claiming that I can incorporate for cheap, as opposed to paying $300-800 for a lawyer to do it. Can anyone help out here? I want to incorporate (LLC) as soon as I can. That's another question, how long does it take? I've incorporated one business before (now dissolved), but I forgot how long the process takes. Thanks in advance for any and all help. TL;DR: What's the best way to incorporate (LLC) and how long does it take? [link] [comments]  |
| Posted: 28 Jun 2020 01:22 PM PDT I'm currently in development of an app and I need to pay a developer. How do you find angel investors/pre-seed investors? Would you recommend contacting people online or in person with those who I know and try to get them to help me. [link] [comments]  |
| Posted: 28 Jun 2020 09:34 AM PDT I want to apply for a loan, here in UK they offer help for new business because of those rough times and I wanna know before I will apply if it's even posible to take a loan with not a good credit score, even if I have a good business plan.. I m going to talk to a lawyer and know more details but if you have some experience with this share some toughts and what business you ve open if you was in this context and you want to apply for a start up business loan . Thanks! [link] [comments]  |
| Do you find it hard to get quality advice? Posted: 28 Jun 2020 11:31 AM PDT Hey guys. When building a startup, I've noticed one common thing: often I need quality help & advice on some random topics like design, legal, funding, HR etc. etc. We are a small team. We don't know it all. And we can't afford to hire a freelance for everything. Just out of interest, any tips/services/platforms where to find quality advice for free? Cheers. [link] [comments]  |
| Posted: 28 Jun 2020 10:42 AM PDT Hi all Im quite ready to deploy a new mobile app. The main idea is to enable home owners to have a digital guest manual. Thus, when guest arrive on his home (theought airbnb for example) they can quickly feel « @home » and find easily AC for example. But i dont know how to name it ? Guest manual ? Im looking for something fresh.. universal Help !! [link] [comments]  |
| Questions about starting up a small tech business Posted: 28 Jun 2020 10:37 AM PDT I'm building an app and setting up a product/service business model with Vietnam is the target market (at first). There are so many things I don't know yet the internet is just full of ambiguous information that I'm unable to fathom them all. Thus I'd love to learn from your insights:
Please help, I really appreciate your input! [link] [comments]  |
| Learning areas for a startup founder Posted: 28 Jun 2020 08:21 AM PDT Hello innovators, If you are given one year to learn as much as you can about building successful startups, what all areas would you focus on ? My list : Product design Customer acquisition Customer retention Pitching Funding/Seeding Innovation Tax and other finance Relevant laws and policies Marketing and analytics Would you add anything more ? [link] [comments]  |
| Posted: 28 Jun 2020 08:01 AM PDT Hi, I have an idea for a startup and I have thought about how it would work and ways to monetise it. The only problems is the implementation. I am currently computer science student and I have a little knowledge on web development but not enough to scale up and I might have issues with the backend aswell. It is better to develop with Wordpress or use templates and my own code? What has been people's experience? [link] [comments]  |
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