Accomplishments and Lesson Learned Friday! - (August 14, 2020) Entrepreneur |
- Accomplishments and Lesson Learned Friday! - (August 14, 2020)
- Five tools to build your startup MVP without code.
- I despise owning my small SAAS but am contractually and socially obligated to keep it running
- If two people in Canada want to start a basic business together, what is the easiest business structure?
- Need Help And Advice In How To Start Your Own Business
- Research Says Solo Founders Perform Better
- 7 Powerful Cognitive biases, Every Digital marketer must know ..
- I'll make you a logo
- Best bank for young entrepreneur under under 18( I am 16)
- Opinion/Advice on Partnerships?
- Business to Start With Free Training
- What are the best pre-launch landing pages you've stumbled upon?
- Help me find a use for my hobby
- I’m just starting to grow my business and I’m trying not to get overwhelmed and give up.
- The next big step
- NEW COMMUNITY: ARTIFICIAL INTELLIGENCE, MACHINE LEARNING, AUGMENTED REALITY IN BUSINESS: how entrepreneurs and small business can also benefit of these new technologies
- How to not be a "dickhead" boss
- advice on safeguarding startup idea
- What to do with a Tech Genius- part 2
- Anyone need help with managing their schedules/creating itineraries?
- Restaurant owners: what POS system do use to keep track of orders?
- SME websites suck! Can I take care of it and make some money?
- Want to be part of an Investment group?
- Weekday Nugget - Clients Care More About Willingness to Correct Than Perfection
- Advice for Kiosks
| Accomplishments and Lesson Learned Friday! - (August 14, 2020) Posted: 14 Aug 2020 06:11 AM PDT Please use this thread to share any accomplishment you care to gloat about, and some lessons learned. This is a weekly thread to encourage new members to participate, and post their accomplishments, as well as give the veterans an opportunity to inspire the up-and-comers. Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts. [link] [comments]  |
| Five tools to build your startup MVP without code. Posted: 14 Aug 2020 02:46 AM PDT I think almost everyone in tech loves inspirational stories about startups created by a few geeks in the garage or rented apartments. It motivates to start our own project, but any idea runs into the implementation stage, which can be really tricky part for non-tech founders. Being also a non-tech guy, I've tried to find a way to build my ideas without code. And I found it! This way is called «no-code development» or «visual development» or just «no/zero-code». In simple words, it's a way to create digital products without writing code (or with minimum code involved) using a platform that allows you to develop functional prototypes (or MVPs) by combining different blocks. In this article, I will talk about the platforms that will help you build your idea by yourself, without having to learn to code, finding a co-founder, or hiring a developer. Sheet2SiteDespite its ambiguous name, the service is interesting for allowing you to create websites not only with pictures and texts but with filters and maps using only Google Sheets! The service has many templates with which you can quickly create the simplest online store, voting, or collection-based websites. But it's better to see once than hear a hundred times, so take a look here for «live» projects made on sheet2site. The service also has alternatives— table2site and pory.io. WebflowA feature-rich and relatively easy to pick up platform for creating websites, online stores, blogs, etc., which deserved the love of users for its design capabilities, convenient visual editor, as well as the ease of building and launching websites. But regular websites and online stores are just the tip of the iceberg. Webflow has a lot of integrations and the ability to add custom code, which allows you to expand the functionality and create prototypes not only of simple sites with collections, but also more complex projects, such as delivery services, online learning platforms, and even marketplaces. Here are some integrations that will help you to build more complex websites:
Here are some cool websites made with Webflow, using the integrations mentioned above: Channels Stack, Makerpad, Goodland, Failory. BubbleThe most powerful web application development platform on the market right now in my opinion. It not only has a visual editor but also tools for creating a database, logic (backend), and even a feature to work with third-party APIs. You can easily receive and display data from other services, authorize users via Facebook / Twitter / Google, send data to other services, and much more. Bubble allows you to create very complex applications with the interaction between several users, such as chats, forums, booking applications, task trackers, marketplaces, CRM, and even dashboards. The list is almost endless. This tool has a quite steep learning curve, but just take a look at the real projects made with Bubble: NotRealTwitter, Nucode, Vestn, Topshape, Hackerhouse.Paris AdaloA platform for building mobile and web apps that can be published to the App Store, Google Play, or as a Progressive Web App. With Adalo, you can create attractive and, most importantly, functional applications that can include API, payments, push notifications, database, charts, user authorization, and other cool features, not to mention integration with Zapier, which further expands the platform functionality. Adalo is suitable for creating a marketplace, social network, calculator for something, booking, you can even wire multiple applications together, which is especially useful for applications where there are a few different user roles, such as seller-buyer or customer-business. Here are some apps made by Adalo: Primus Fitness, Memolly-subscription manager, Invocial, Support Upstate SC, Cropify. Adalo isn't the only platform for building mobile apps. There are several similar app builders on the market, for example, Glide, Thunkable, or Kodika. NotionA well-known app that allows you to create various workspaces and add blocks to them, such as text, pictures, links, tables, to-do lists, and some others. Notion is incredibly simple but at the same time functional enough to be used as a prototyping tool for testing simple ideas. Let's take a quick look at some Notion features. The service has links that can be attached, for example, to an Amazon product, there are comments which can be used for user communication, there is public access to the pages so you can share the page over the internet, it's possible to create nested pages, add video and audio, embed various services, and, as the cherry on top, you can have your own domain name with the help of Host Notion or Super to get personal URL. Just a bit of imagination, and Notion can be a suitable tool for testing a hypothesis. There aren't a lot of project examples build with Notion, but you can check the Toolskit platform, which contains educational materials on a variety of topics, and Bookcelerator, now a book collection site that was originally a simple Notion page. Conclusion We're living in a great time when everybody can build something without paying huge amounts of money to agencies, hiring a developer, or spending years learning how to code. No-code is definitely a trend that should spread widely but used wisely. Not everything could be(or should be) build using no/low code platforms. If you need something reliable, scalable, innovative, secure, or complex enough — maybe the traditional coded approach is better. [link] [comments]  |
| I despise owning my small SAAS but am contractually and socially obligated to keep it running Posted: 14 Aug 2020 04:24 AM PDT Every call is an emergency. Students studying online. Granted that was my first call in around a month but I just hate knowing it's coming. I hate the two hours I've just had fixing something in the database, then restarting, and then getting fucked over from when I updated certbot a week ago and it installed apache2 and it was taking port 80 away from nginx after the server restarted. Was not expecting that and thought it was still an issue with the DB for too long. Just never expected I'd have apache running out of nowhere. It's not worth any part of the money. I hate business ownership. I truly hate everything about it. A few months ago, I woke up at 8am on a Sunday and an entire part of an ISP had gone down and by phone was going mental within minutes because schools thought it was my website and my servers that caused the video feeds to drop. Fuck. I will never do SAAS again. [link] [comments]  |
| Posted: 14 Aug 2020 10:25 AM PDT I know partnerships require extra admin and tax filing work that gets expensive. Two people just want to start a basic small business together importing some consumer items and selling them through ecommerce. Is there an easy way to do it? [link] [comments]  |
| Need Help And Advice In How To Start Your Own Business Posted: 14 Aug 2020 01:17 PM PDT I've recently decided that I would like to start my own business at home, more specifically a bookmark and sticker business. Unfortunately I am a bit lost. When I started to look more deep into it, most people use an Ipad (which I don't have) and Procreate which is an app where you can draw and do art stuff. More importantly I can't seem to find a budget friendly printer that could help me start this idea, everything it's just so confusing. Would really appreciate if I could get some feedback and tips, I would like to at least give this idea a try. If anyone know how to do either would really appreciate some tips on that as well. [link] [comments]  |
| Research Says Solo Founders Perform Better Posted: 14 Aug 2020 12:46 PM PDT A recent study suggests that: "Solo founders are more than twice as likely to own an ongoing, for-profit venture than two or more founders". Or to put it in other words, ventures with solo founders are twice as likely to be profitable than ventures with 2 or more founders. Which I think can be explained quite easily. Solo founders have advantage in speed, don't experience co-founders drama, can take bigger risks and have fewer costs. I'd say there are at least a bunch of type of businesses where being solo is a clear advantage. More of my thoughts here [link] [comments]  |
| 7 Powerful Cognitive biases, Every Digital marketer must know .. Posted: 13 Aug 2020 08:43 PM PDT Marketing techniques have evolved greatly in the modern era. Marketing is no longer limited to just the idea of advertising and branding products. It is about creating awareness about products in the mind of the consumer such that a particular product can resonate better. In digital marketing, targetting the potential customer is becoming better day by day. This customer targeting can be done using a number of different ways. One of the best ways to do this is the use of cognitive biases.
is when our decisions are influenced by the way information is presented. Equivalent information can be more or less attractive depending on what features are highlighted. Consider the following hypothetical: John is shopping for disinfectant wipes at his local pharmacy. He sees several options, but two containers of wipes are on sale. One is called "Bleachox" and the other is called "Bleach-it." Both of the disinfectant wipes Jon is considering are the same price and contain the same number of wipes. The only difference Jon notices, is that the Bleachox wipes claim to "kill 95% of all germs," whereas the "Bleach-it" wipes say: "only 5% of germs survive." After comparing the two, John chooses the Bleachox wipes. He doesn't like the sound of germs 'surviving' on his kitchen counter. John's decision to buy the Bleachox over Bleach-it wipes was informed by the framing effect.
Anchoring bias occurs when people rely too much on pre-existing information or the first information they find when making decisions. For example, if you first see a T-shirt that costs $1,200 – then see a second one that costs $100 – you're prone to see the second shirt as cheap. Whereas, if you'd merely seen the second shirt, priced at $100, you'd probably not view it as cheap. The anchor – the first price that you saw – unduly influenced your opinion.
Loss aversion suggests that for individuals the pain of losing is psychologically twice as powerful as the pleasure of gaining. In other words, losing something (an amount of money, an item, etc.) feels worse than gaining the same thing. Insurance company websites will often display a long list of unlikely, yet costly outcomes that we may encounter should we not buy insurance (Outreville, 1998). This list of potential unfortunate events primes us towards the preference of avoiding these large losses and makes us forget about the small, but regular payments we would need to make into the future to ensure insurance coverage.
the endowment effect describes how owners of goods view what they own more positively than they would otherwise. This bias influences people to pay more to retain a goods that own, and influences people to not exchange something they own for an object of the same value. This leads to people only being willing to sell what they own for more than it is worth, simply because they own it. In one study, participants were given either chocolate bars or coffee mugs. They were then offered the ability to trade for the other good. No matter which good they had been given first, participants more often chose not to trade their item.
Having choices is usually considered a good thing. However, too much choice leads to cognitive overload and subsequent paralysis. Firms may structure choices to avoid the paradox of choice situations where too many offerings drive customers to a competitor or make them fallback. "Learning to choose is hard. Learning to choose well is harder. And learning to choose well in a world of unlimited possibilities is harder still, perhaps too hard." -Barry Schwartz, The Paradox of Choice: Why More Is Less
The availability heuristic describes our tendency to use information that comes to mind quickly and easily when making decisions about the future. Imagine you are considering either John or Jane, two employees at your company, for a promotion. Both have a steady employment record, though Jane has been the highest performer in her department during her tenure. However, in Jane's first year, she unwittingly deleted a company project when her computer crashed. The vivid memory of having lost that project likely weighs more heavily on the decision to promote Jane than it should. This is due to the availability heuristic, which suggests that singular memorable moments have an outsized influence on decisions. The availability heuristic can lead to bad decision-making because memories that are easily recalled are frequently insufficient for figuring out how likely things are to happen again in the future. Ultimately, this leaves the decision-maker with low-quality information to form the basis of their decision.
The Bandwagon effect refers to our habit of adopting certain behaviors or beliefs because many other people do the same. (Reviews and testimonials) I copied that from this source (There are 85 other Cognitive biases if your are interested in more): https://thedecisionlab.com/biases [link] [comments]  |
| Posted: 13 Aug 2020 07:51 PM PDT Just want to practice, send me some details about your business, and ill create! Few bucks are appreciated but not required but really just doing it for fun. Not the best designer, currently learning. Feel free to Dm! [link] [comments]  |
| Best bank for young entrepreneur under under 18( I am 16) Posted: 14 Aug 2020 10:54 AM PDT So basically I am searching for a bank(mainly online banks ) where I can get a debit card for worldwide use(MasterCard or Visa) under 18 years old. I am 16 and I have a small mobile app development business. I would like to do some marketing through Google ads but they don't accept prepaid cards. I live in Switzerland and have a bank at Postfinance and am using a MasterCard value as my main business card. It's not really efficient since I have to charge it every time. Is there any bank that offers a debit MasterCard or visa card for people under 18? [link] [comments]  |
| Opinion/Advice on Partnerships? Posted: 14 Aug 2020 10:36 AM PDT Hopefully this makes sense lol but I'm curious what everyone thinks about going into partnerships — specifically the type of partnerships that directly split the creative/business sides. For example: let's one person makes amazing candles but doesn't have business/marketing savvy. A second person is a talented marketing/business strategist but doesn't have anything to market/sell. If the two became partners and the candle maker focuses on making the best candles they can and the second person focused on selling them, etc., what would be your advice to them or your opinion on split partnerships? I know there are a lot of factors that go into partnerships but if you do have any advice based on my vague example, I'd appreciate it! Thanks! [link] [comments]  |
| Business to Start With Free Training Posted: 14 Aug 2020 10:19 AM PDT Hi All, What are software or tech businesses one could build around free training and/or certifications? Here are a few examples:
Thanks! [link] [comments]  |
| What are the best pre-launch landing pages you've stumbled upon? Posted: 14 Aug 2020 01:44 PM PDT Every so often I come across a pre-launch landing page that instantly excites me, e.g. Robinhood, Harry's, and MagicLeap. Hu.ma.ne recently got my attention and resonated in a prospect refuge sense of, "I just want to breathe into this landscape." What pre-launch sites have you recently stumbled upon and appreciated? [link] [comments]  |
| Help me find a use for my hobby Posted: 14 Aug 2020 01:42 PM PDT I like calculating if a project can be physically done. Im not a good investor in general, and I dont have certification to legally work as an engineer, nor want to. I guess I could help interpreneurs, by allowing them quickly drop projects that are doomed to fail from physics prespective, and there are a lot of such examples. But they are usually not willing to test or even share their ideas. Also the problem of trust, that I can steal their idea. I could work as consultant for real investors, but they dont have as much projects to work with as needed. And they will likely want sertified guy, or prefer to rely on intuition. Problem of trust is present here too, but mostly to my knowledge. Ideally I see a place that unites many investors, where amount of projects is high, and even just indicating such a specialized problem as physical viability can give stable profit. But again, such places are likely too big players to work with anyone but the other big companies. What other ways can I use to utilize my hobby? I would prefer to be able to bet on my words, as a way to indicate strength of my opinion and to get profit. Especially if i can bet on projects to fail, because I cant guarantee a success, because it needs much more than a physical viability. But I can be very certain that some project will fail for sure. [link] [comments]  |
| I’m just starting to grow my business and I’m trying not to get overwhelmed and give up. Posted: 14 Aug 2020 01:34 PM PDT I'm converting my small squarespace shop to a Shopify store, digitizing my shipping process, researching analytics, and outsourcing the website conversion because I know my personal limitations. I just brought someone on to help write blog material and to be my sidekick. She had genius ideas and has experience with a different key element that will be beneficial to my business in a few months from now, if executed properly. I can see this growing into something good. I have good visions, good ideas, good intentions, but when I think of the whole picture I get terribly overwhelmed. My sales aren't great, and I think it's partially to do with me having tried to do everything alone in the past. I know my shortcomings now, and I'm trying to outsource things I'm simply not good at, or don't want to do, so I have more time to promote and grow the heart of my business. But how do you stay focused on the dream when you practically have to take money out of your own pockets to pay people to help grow your business? I don't want to work my day job in another year from now, and really want to see my goals achieved, but it's hard, man. Just venting and wondering if anyone had been there during the first year of their small business, and how you got past those overwhelming feelings of self doubt. [link] [comments]  |
| Posted: 14 Aug 2020 01:20 PM PDT Hello all I developed an online service for the companies to share files effectively and safely with their costumers (feel free to take a look https://nopers.net) The project has already three months of contribution, and several users. However, during the last days the number of new users has been decreasing. The first step to promote my project was to send emails for the companies, to make Facebook ads and use Instagram to promote the platform. For you, what is the next big step? Let me know your thoughts. Thank you all [link] [comments]  |
| Posted: 14 Aug 2020 01:15 PM PDT I created a new community : r/AI_ML_AR_in_business would like contributions that are focused broadly on : 1)example of applications with potential detailed use cases. e.g. applications in ecommerce, applications for marketing, applications for sales particularly how these applications helps entrepreneurs and small businesses to improve their businesses 2) economics trends within a.i. , ml, ar industries 3) economic trends in industries that are affected by these technologies 4) Product design and development topics 5) the marketing and sales of ai, ml, ar based products 6) recent technology trends explained in a way business people can also understand 7) social good applications [link] [comments]  |
| How to not be a "dickhead" boss Posted: 14 Aug 2020 09:05 AM PDT I am great at working solo but I recently started a small agency and I'm the leader of a very small crew now. I'm good at knowing what I have to do and then doing it but now I'm responsible for other people to do their thing too and I'm having problems with what to do if they are not performing. I don't like working for other people because the only job I had was at a marketing agency and the bosses were, for the lack of a better word, aboslute dickheads. I want people at my agency to perform better but I don't want to be a dickhead about it. How should I approach it? How do you motivate your troops without being a dick about it? [link] [comments]  |
| advice on safeguarding startup idea Posted: 14 Aug 2020 09:00 AM PDT Hello! I have a new financial security I would like to distribute to exchanges, I have a background in finance and I believe this security would have utility, growth prospect, and synergy with existing businesses. I plan on bringing this up with an incubator/venture capital arm that is well entrenched with the exchanges. My concern is, the idea is not patentable, although replication of it will prove to be difficult as securities law is a very tricky maze to navigate hence there will be an adequate first mover advantage. My biggest worry is what if the venture capital or my securities lawyer/consultant tells me the idea is not possible then proceeds to sequester it and props it up themselves? [link] [comments]  |
| What to do with a Tech Genius- part 2 Posted: 14 Aug 2020 12:12 PM PDT About 2 weeks ago I made post to a couple of the subs on a situation that came up - my buddy, who is a very (very) talented coder, recently returned from a project in Poland and contacted me to figure out what he should be doing next. I got a lot of useful feedback, some not so useful (define the problem, study the markets, take the opportunity where you see it, etc.), some useless (tell him to get a job and stuff like that), but overall it was a worthwhile idea to get the opinion of random people from all walks of life. Due to the amount of interest the first post got, I've decided to give an update and am considering doing this regularly to document our journey from step 0. I was contacted by a number of interesting people ranging from young local Ukrainian developers just wanting to talk, to people that were already well into existing projects that were looking for extra help. We also had a couple of zoom conferences, the most useful of which was with an experienced entrepreneur, who while initially did not seem understand the unique technology my friend created, was by the end of the conversation eager to schedule a follow up and gave us a list of names - top level CEOs and investors in different tech companies that he knew who might be interested. We've currently sent him back a list of cases where our tech could be used, but in the meantime I'd like to hear from anyone and everyone who may also be interested. If you'd like to discuss or ask any questions in the fields of data, networks, AI, or blockchain please give me a shout. I'd also appreciate any comments or ideas. If you have any offers or would like to learn about our unique technology, we'd also be glad to discuss. Thank you and take care🙏 [link] [comments]  |
| Anyone need help with managing their schedules/creating itineraries? Posted: 14 Aug 2020 12:12 PM PDT This isn't necessarily self promotion, I'm wondering if people in this group ever experience hardship with creating/managing their schedules? I've been an EA for a few years and it got me thinking, the startup/entrepreneur world is do dynamic, how do people manage their tasks/goals/deadlines/etc? The obvious answer seems to be a planner or similar, but at what point do you experience diminishing returns with the time it takes to create your schedule, versus how much time you have to actually execute tasks? Is there need for this type of assistance? [link] [comments]  |
| Restaurant owners: what POS system do use to keep track of orders? Posted: 14 Aug 2020 12:10 PM PDT |
| SME websites suck! Can I take care of it and make some money? Posted: 14 Aug 2020 12:02 PM PDT Hi all, I noticed that the ordinary SME is represented online but mostly it looks like a website from the late 90s. I'm thinking of businesses like electricians, gardeners or country clubs. I can not code, I have never operated a website but I'm tech savvy and willing to learn. Plus, nowadays with Wix, shopify etc. I'm sure that the workload is not the same as 10y ago. My question is do they want to be represented by a better homepage and would this business model be valid? I could run it as a side-gig first but I could imagine doing it FT when clients are going up. I haven't looked at the cost structure of operating a website from Wix, wordpress or other sites but what would be a solid monthly charge for my clients (me getting paid for my services)? Is there room for an incentive that would benefit my client based on my performance? Thanks! [link] [comments]  |
| Want to be part of an Investment group? Posted: 14 Aug 2020 11:53 AM PDT So I, along with a few others, have started to build an investment group and I am looking for anyone interested in joining. We are currently a group of 5 buy we hope to grow to around 100+. The vision of the group would be something like this: ▪️We each contribute around 100 of a base currency (probably dollars) a month ▪️Startups and established businesses looking to raise funds would pitch their ideas to us. We would vote on the best ones. ▪️The total monthly contributions would be invested into the top voted ideas in exchange for a share percentage of the company. Hopefully a high percentage as we would be essentially taking risk on startups etc ▪️Everyone in the group would have an equal stake in every investment and so all profits and losses would be divided equally. This reduces the risk when viewed from an individuals POV. ▪️The value of the group would hopefully grow exponentially as we invest in more and more company's etc The idea is that people who feel they don't have money to invest with can still be a part of something big. Individually we are weak but together we are strong. This is not a get rich quick idea, but a long term play for the smaller investors. If you feel you don't have the time to dedicate to researching every investment that you make then this group could be perfect for you. We will most likely not be investing into the stock market or buying shares in already established major companies. Feel free to message me if you are interested! [link] [comments]  |
| Weekday Nugget - Clients Care More About Willingness to Correct Than Perfection Posted: 14 Aug 2020 11:47 AM PDT Hey all, Donald here with another nugget for everyone! So one of my companies over the years is Vicky Virtual which I built from 0 to 7 figures in 5 years before being acquired in 2019. One of the things that helped us do so well was our client retention rate of almost 22 months on average. Virtual Receptionists (basically a fancy answering service) is a model where clients pay you every month so all clients are recurring. So rather than having to focus on landing a crapload of clients each month, over and over again, we were able to land a decent amount each month and keep them happy AF. How did we do that? By going above and beyond to keep them as happy as we could, even when we were screwing up. In 2018, after more than 3 years in business and with things going smoothly, I made the amazing decision to switch us to a different phone system vendor. Our agents weren't particularly happy with the system we were using at the time, but it was and is a very robust system and it worked very well in terms of our ability to serve our clients without issue. I spent 18 months going through 50+ potential vendors before making this switch---and we're talking demo calls, follow up calls and the works, doing all out testing with the vendor we selected---and the switch was still a disaster. We did lose some clients, but the only thing that kept things from going out of hand was our willingness to put in the effort to correct issues as quickly as possible. In the first few months in business, we literally never missed a single call. We were CERTAIN that the first call we ever missed would spell the end of our business. However, with time we realized a few things:
That said, when we chased perfection in call answering, we were putting in about 200% more effort to achieve a 10% higher level of answering. We were achieving a baseline that we set for ourselves that was unnecessary, that wasn't sustainable or scalable, and that drove us mad as we got busier. What we realized was that by shooting for excellence instead of perfection, our clients were just as happy, our staff was 10x happier, and we went from high-stress company owners (I started with a founder then bought him out second year) to me being chill Af running the business with hundreds of clients as a sole owner. So the nugget here is, when things come up, follow these rules:
Again, your clients expect great service but (especially in B2B) they usually understand that things happen. Therefore, perfection is not the standard---good honest service is. Customer loyalty comes from the effort you put in to own up to and correct mistakes. Hope this helps! [link] [comments]  |
| Posted: 14 Aug 2020 11:33 AM PDT Recently opened up a kiosk, it's the first non-full storefront operation we've had. I'm wondering if anyone has any tips for working Kiosks, any help or advice would be much appreciated. Thanks ! [link] [comments]  |
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