Startups Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started |
- Tuesday Operational Roundtable - A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started
- I spoke with 23 Redditors / IndieHackers / ProductHunters about their sales efforts, here's a common pattern (and how to fix it)
- Is it normal for a startup founder to have nothing to do?
- How important are warm introductions for getting accepted into YCombinator / TechStars?
- How to hire first group of developers
- UK - Setting up as Limited Company
- Atlanta NonCompete question. Is this limited to Industry or Role? Please help!
- What would be your golden rules for a startup promotion?
- How do I keep myself motivated
- Already have C-corp, need to start bank account to accept payments online. Any Suggestions?
- How to make my cofounder to accept that outsourcing is okay
- Are graduate level studies necessary for founders of biotech and pharmaceutical startups?
- What is a good price point to pay for an iOS app for my startup?
- After 6 Months of being a late stage Co-Founder
- Where would I look to create websites for other people?
- What does the marketing team look like for a B2B startup in the first six months?
- Understanding no-checkout business model
- 16 with a dream������
| Posted: 25 Aug 2020 06:05 AM PDT Welcome to this week's Operational Roundtable Thread. Ask about anything related to legal, accounting, project management, or how to get started. Don't be shy. The purpose of this is to learn and share ideas and methodologies with one another. Any question is a good question! If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That's okay! We all knew nothing before we knew something. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Posted: 25 Aug 2020 02:11 PM PDT I consulted with 23 members of these communities about their sales objectives/challenges. Most common pattern I established so far:
If one of these resonates and you're looking for new customers, here's how to fix these:
[link] [comments]  |
| Is it normal for a startup founder to have nothing to do? Posted: 25 Aug 2020 07:08 PM PDT I am just getting started with my e-commerce startup and have outsourced or had already done most of the work. I created relationships with suppliers and have a product inventory list in place. I have a brand designer working on creating brand guidelines, and a web designer/ developer team building the website. The website will not be ready until the end of September, and until then, I basically have nothing to do. Once the website is ready, I plan to take product photos, add product data, and launch the site. All the other components of the site, such as FAQs, T&S, and any additional info is already done as well. I also have a social media marketing strategy and a person who will create Facebook and Instagram ads. I am going crazy, thinking it's impossible that I have nothing to do. I know founders are incredibly busy, so what am I missing here? [link] [comments]  |
| How important are warm introductions for getting accepted into YCombinator / TechStars? Posted: 25 Aug 2020 09:44 PM PDT Hey folks! I am considering applying to YCombinator / TechStars. How important is knowing someone inside the accelerator for your application? Upon reading some applications, it seems that a lot of the teams already knew someone in the program. Is my team SOL if we do not have personal connections? We are based out of Seattle so would be applying for the Seattle TechStars. Not sure if that matters since everything is virtual due to the COVID situation. Would love to learn from your experience! [link] [comments]  |
| How to hire first group of developers Posted: 25 Aug 2020 09:43 AM PDT Hi folks, I am a project lead at a small growing startup and we are hiring our first set of developers, for Frontend, Backend and Mobile App development. I myself have just over a year of total professional experience, working on backend dev and system integrations. So I am not in-depth aware of front-end and app dev stuff. Our current stack is of Django, Postgres without any front-end framework, and without an app. So these new hires need to be proficient and that's what I want to test during interviews. We recently hired a backend developer without a tech interview and he still doesn't understand git much or writing efficient code. We are aiming for people with 1/2 years of experience due to salary constraints. Other than analysing their past experience and work, any resources/tools that can help us hire better developers? [link] [comments]  |
| UK - Setting up as Limited Company Posted: 26 Aug 2020 12:33 AM PDT Should I set up as a dissolved Limited Company? Hey guys looking for some advice. In the early stages of setting up a business, initially it will be a newsletter/content marketing but long-term this will be used as a springboard to selling physical products currently in development. I want to ensure that ownership of my IP and customer data is solid from the outset, but I will not be making any income for at least 12 months if not longer while I take the time to build my customer base and develop products. After doing some research, it seems that I could set up as a Limited Company but keep the status as dissolved until I am ready to start trading. Is this correct and is this a good move? [link] [comments]  |
| Atlanta NonCompete question. Is this limited to Industry or Role? Please help! Posted: 26 Aug 2020 12:07 AM PDT I work in Startup A (Insurance) and signed a non compete. The language is down below. I received a new offer from Startup B (Construction) that is similar in job duties. Am I restricted from pursuing Startup B because the duties are similar? Or is it I can't work in Insurance? I already resigned from Startup A and am worried this will affect my offer for Startup B. I didn't even know about the noncompete until now. Please help. During the Restricted Period (2Years), You shall not, on Your own behalf or on behalf of any person or entity, engage in the Business within the Territory. For purposes of this Section, the term "engage in the Business" shall include: (a) performing or participating in any activities which are the same as, or substantially similar to, activities which You performed or in which You participated, in whole or in part, for or on behalf of the Company; (b) performing activities or services about which You obtained Confidential Information or Trade Secrets as a result of Your association with the Company; and/or (c) interfering with or negatively impacting the business relationship between the Company and a Customer, Prospective Customer, or any other third party about whom You obtained Confidential Information or Trade Secrets as a result of Your association with the Company. Please help [link] [comments]  |
| What would be your golden rules for a startup promotion? Posted: 25 Aug 2020 04:16 PM PDT Hello everybody, I am a full stack developer who has recently launched a platform about stashing knowledge and web links, mostly for developers and researchers, like me, that have the bookmark bar flooded with hundreds of forum or posts links.. completely messy and useless. I had some positive feedbacks about it, but now it's time to push this further and see where it can get. I'd really love to hear some golden rules you'd suggest to properly promote a startup in general and maybe the subtle errors to avoid. I'm a dev, but I am fully aware how much marketing stuff is important, and I really want to learn more about it. In my case, it would be amazing even to have some user trying the free plan [link] [comments]  |
| How do I keep myself motivated Posted: 25 Aug 2020 12:09 PM PDT I've worked as a Software Engineer at a couple of Fortune 20 companies for over 15 years and have been on a break for more than 8 months now and taking a break. Before applying to companies again, I wanted to create a software startup along freelancing on the side to fund my startup. I've a startup idea and trying to work on creating the software, but finding it difficult to keep myself motivated to spend crazy hours on it to bring it to life. Along with that, with the kids schools starting remote, its going to be a hard deal. Wanted to see if others are in the same boat and how they are trying to keep themselves motivated towards their goals. Also thinking if I hire at least 1 or 2 people offshore for my project, may be this will help me keep pushing myself to accomplish my goals. Any suggestions are highly appreciated. Thanks. [link] [comments]  |
| Already have C-corp, need to start bank account to accept payments online. Any Suggestions? Posted: 25 Aug 2020 11:56 AM PDT Hello, I've created an online tool and would like to begin accepting payments from subscribers. Do you have any advice on the easiest way to set up a business bank account so that I can integrate Stripe? I am looking for simplicity and setting it up from home. My revenues will probably be in the hundreds or the thousands. Thanks! [link] [comments]  |
| How to make my cofounder to accept that outsourcing is okay Posted: 25 Aug 2020 09:13 AM PDT Hey guys, so a little bit about the situation I am in. We are a team of seven people but only five people work on developing side of the business. Since we have launched like almost 4 months ago we have only finished one project and the others have been delayed due to our clients not being able to get all of their content and send to us(i.e. photoshoots etc) or for other various reasons. We are stuck with those clients not sending us info and my co founder wont put them for a later timeslot. So i suggested outsourcing work so that we can make some profit because the month of august we have less profit and more expenses for the business. We have more clients but not enough people to work on development. Now we have a chance to start a collaboration with another small company which has a bigger developing team. They would arrange a team of full stack developers just for our clients. The company says that whatever project we send them they will not take any credit of making it and it would seem as we made it ourselves so that we can put it on our portfolio. We can easily make profit from taking projects from clients and handing them to this business. We could really use that money right about now but my co founder believes that we are doing fine and he doesnt trust this company to do this. However he has already established collaborations with a graphic design company and a printing services company but hesitates to my suggestion. Now he says he is looking for developers to join the team but we do not have the money to pay them yet. He says that I shouldnt worry about that as he had some people message him saying that they were willing to work for free. I said bullshit nobody who is a developer would work for free when they can make money. Anyways he says if we have to pay he can give a single developer 150 - 200 GBP per project they completes. Which comes to about the same price that the company would be charging us. Should I try to convince him or should I go with his idea of not outsourcing and hiring developers? What experiences do you have on outsourcing work and on improving your workforce. How do I go about in this situation. [link] [comments]  |
| Are graduate level studies necessary for founders of biotech and pharmaceutical startups? Posted: 25 Aug 2020 03:12 PM PDT Can one create a successful bio-pharmaceutical startup or biotech startup having worked in the sales department, or does need an MS or PHD to actually start company in this space? For. ex. Cindy Eckert (creator of "female Viagra") bought and sold two pharmaceutical companies without an MS or PHD? How is that possible? [link] [comments]  |
| What is a good price point to pay for an iOS app for my startup? Posted: 25 Aug 2020 03:11 PM PDT I'm currently in the develpment stage of my startup. We are developing an iOS and an android app that will be the main point of contact for our customers. What is an appropriate price point to pay for an iOS app? I've been quoted all the way from $15k to $500k and I'm unsure what an average price point would be for a v1.0. My company is an Insurtech startup that is in need of an iOS app similar to that of Statefarm. Not terribly complicated, but definitely not easy. Any help would be greatly appreciated :) [link] [comments]  |
| After 6 Months of being a late stage Co-Founder Posted: 25 Aug 2020 02:01 PM PDT After 6 Months of being a late stage co-founder i can say : It just sucks! Our startup is in the B2B Segment and its so much hardwork that doesn't pays off. Even we 2 are making like 4000$ a month it is just an pain in the as* to get the customers. I have 1300 important contacts in linkedin posting informative content. Not getting the feedback i wpuld like to get. Our website subscriptions are a little bit better but still like 1 every 2 days and half of them fake. Now having 13 Customers and its is so hard get it growing. Contacted vonsultants and Coachings for some kind of cooperations. They are not interested. They dont even took the time to understand it. Mostly i dont even get an response. Some are interested and wrtie me on LinkedIn. But than start texting back outnof nowhere. It is so annoying. Be professionell. Im neing the nicest guy in linkedin, supporting everyone. Doing my best to dont make it spund like im trying to sell someone somewhat. Taking time to understand their needs but now im really frustrated and thinking about coldemailing like 500 companies. Im thinking about giving up on this project because i came in as a co-fpunder who expected to push the sales and gibe the startup an face. But no, people just trying to sell my something. Even if i try to contsct just to exchange informations and talk with someone they dont even answer. So sick of the people on linkedin i swear. I post really good articles which are kindblowing after doing research 2 days and i barelynget 1 or 2 likes even if its right to the persona of our buyers. Some other guy posts something like: i love homeoffice and gets 140 likes and 19 comments. If i post shit like this i would get banned. Can't wait to go into the US Market because f**k germany. Old people notngiving any young people a chance. Sorry had to rant a little bit Someone having similar experience? [link] [comments]  |
| Where would I look to create websites for other people? Posted: 25 Aug 2020 09:22 AM PDT So I've been studying coding during lockdown. Particularly web coding. I would like to make a couple of websites for people for free and then move onto charging money for them once I have a decent portfolio. Where would be good to advertise this type of service? Thank you [link] [comments]  |
| What does the marketing team look like for a B2B startup in the first six months? Posted: 25 Aug 2020 07:36 AM PDT In a startup, at that stage, it's probably just one person. You have to find someone who's in that sweet spot of able to do some strategy but is still willing to do execution. The early-stage startups make two mistakes
You need to find that person with both the traits, as I said before, and find them a coach so that they continue to grow. You know marketing has like 30 different disciplines. You cannot find an expert in all of them to help you figure out what and where you need to focus. [link] [comments]  |
| Understanding no-checkout business model Posted: 25 Aug 2020 09:39 AM PDT I'm trying to understand how this company (competing with Amazon Go) is gonna make their investors' money back. I get that each store can replace like 5 checkout clerks, but they're not gonna fork over $250k per year... or anything close to that. Even if they paid 50k per year for the service, this company needs over 2,000 stores to reach their current evaluation of 550M. [link] [comments]  |
| Posted: 25 Aug 2020 06:29 AM PDT I'm an entrepreneur at heart and really want to create my own startup! Obviously I'm quite young and in no particular rush. I'm thinking about learning how to do coding/programming for the next year or two while I'm in school then go to Uni/College maybe join up with a business partner or a friend, gain some experience and create my own SaaS(Software as a Service. Like Netflix for example) company. I would love to hear your thoughts/suggestions! I figure if my SaaS fails or never gets off the ground at least I made myself learn coding/programming so I can get a good paying job! I tried my hand at dropshipping but I failed with a couple hundred $$$ down the drain mostly because of facebooks rising ad costs and it's saturation so I've decided to bide my time and think long term. Is something like a SaaS business worth pursuing or would anyone recommend something else? Thanks 🙏 😊 [link] [comments]  |
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