Thank you Thursday! - (October 01, 2020) Entrepreneur |
- Thank you Thursday! - (October 01, 2020)
- List of VCs who want cold outreaches from entrepreneurs (+ their email)
- Big milestone
- Business podcast rant
- What is the best way to grow your Facebook messenger list? Does anyone have experience?
- How would you network in a new city during the pandemic?
- How can I sell all of my leads
- Creating An Advisory Board
- What is the most uncomfortable / awkward part of running your business?
- Should I study business or a trade in college?
- Whats the fastest way to talk to or screen share with a technical expert on a chosen subject, paid by the minute?
- A Guide to Learning Anything Faster
- Looking for a tool to build a news aggregator page in my website.
- Thoughts on renting out cars (lease)
- What's the best way to sell a SeeS business which I no longer have time/motivation for?
- The Science Behind TikTok's Addictive Design: How they built an influencer economy
- I need to pitch an idea for an app to investors, and I could use some help
- Digital Marketing Agency Landing Page Service Question
- If I invest $500,000 in a business and my friend invests $50,000, does he get 10% of the profits?
- Wanted: SaaS / App service provider for customise dishes in restaurants
- Are greeting cards still a thing?
- Hi I’m new and I’m looking for anything to learn
- Nooks Underwear Update - $5k and growing
- Easiest way to design prospective SAAS app
| Thank you Thursday! - (October 01, 2020) Posted: 01 Oct 2020 06:10 AM PDT Your opportunity to thank the /r/Entrepreneur community by offering free stuff, contests, discounts, electronic courses, ebooks and the best deals you know of. Please consolidate such offers here! 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]  |
| List of VCs who want cold outreaches from entrepreneurs (+ their email) Posted: 01 Oct 2020 03:08 AM PDT Stumbled upon some really useful info for those people looking to raise money but they don't have a pre-existing network in the VC space. From a VC named Beata (@AxeliaKlein): /BeginTweet Here are 10 investors that are open advocates of cold outreaches (+ their email):
Here's a link to Beata's thread, including all the names as well as the specific stage and sector they operate in to help you determine if you're a match. Waste of time to email those who aren't looking at your space/stage, so worth looking: https://twitter.com/axeliaklein/status/1308673780093464576?s=21 Also, seems relevant to also add one more bit of advice from an entrepreneur I admire, @shl: /BeginTweet If you write every cold email like it might change your life, one may. If you don't, none will. /end Good luck all! —— FromSecond Mountain Startup, the weekly newsletter for purpose driven entrepreneurs. Edited to change Harry Stebbing's name per a comment from a snarky, yet helpful, commenter. [link] [comments]  |
| Posted: 01 Oct 2020 04:04 AM PDT I was looking through my folders when I saw a particular folder name. In the last few months I have actually started my operations, and was able to change the name of that folder. I changed the folder name from "business ideas" to "business". Proud moment, just felt like sharing. [link] [comments]  |
| Posted: 01 Oct 2020 01:59 AM PDT Am I the only person who gets sly triggered when someone is speaking about how they grew a 7 figure business, and they are asked how did you start? And they reply "organically, my dad owns a manufacturing business so I just made my first piece there" Literally listening to a supplement brand owner who said they started from her grandfather was a chemist... it's like come on bro [link] [comments]  |
| What is the best way to grow your Facebook messenger list? Does anyone have experience? Posted: 01 Oct 2020 01:43 PM PDT Does anyone have experience here? I'm in the music business and I'm trying to learn how people in other industries are growing they messenger lists. What strategies work the best? Would love to hear from somebody out there. Thanks [link] [comments]  |
| How would you network in a new city during the pandemic? Posted: 01 Oct 2020 01:26 PM PDT I'm running a business in a city of about 100k people. Our city is in the middle of two bigger cities of a million plus - just over an hour away from each. Lately, I have been feeling personally and professionally handcuffed by the size of the city. I would like some opportunities to match with some similarly-minded entrepreneurs and some new clients. Obviously the pandemic has put a damper on mixers and other social events (especially for an "outsider"). I would like to put in some effort virtually to expand my personal and professional network before going anywhere in person. Does anyone have any advice on growing your network virtually in a new city? [link] [comments]  |
| How can I sell all of my leads Posted: 01 Oct 2020 12:43 PM PDT I have hundreds of thousands of leads of Shopify owners, CEO's, presidents, CMO's, CCO's, marketing execs etc. Where or how can I sell these? [link] [comments]  |
| Posted: 01 Oct 2020 12:08 PM PDT I need to create an advisory board for my company, and know of a few people who would be perfect for the role. My question is - how do I compensate each member? What is expected for compensation? I'd love to hear from anyone who has created an advisory board or been a part of one! [link] [comments]  |
| What is the most uncomfortable / awkward part of running your business? Posted: 01 Oct 2020 08:15 AM PDT For me - its collecting late payments for my professional services business. I love doing my work and doing sales but dealing with invoices, payments, collecting payments and asking people for money owed is really awkward. I overcame this by outsourcing this activity to a third party and its been a game changer in my business. What are awkward or uncomfortable tasks in your business and how did you overcome them? [link] [comments]  |
| Should I study business or a trade in college? Posted: 01 Oct 2020 11:29 AM PDT I'm graduating high school in 8 months and I'm about to apply to my community college. I'm getting a full-ride, but I don't know if I should study business or a trade. I love working with my hands and have a passion for repairing broken things, and I figured if my business fails I'll always have a trade with decent pay to fall back on. I'm currently reading some business books I've been recommended, but I learn a lot better by doing and experimenting. There's a ton of business Udemy courses, subreddits, free books, and free videos online that I can look over at my own pace. Is studying business in college really that necessary or should I just study a trade? [link] [comments]  |
| Posted: 01 Oct 2020 11:02 AM PDT If I only want a few minutes or more from them at a time, it doesnt make much sense to go through a series of interviews and negotiations. Theres many times when I want to talk to (or screen share) various kinds of technical experts for a few minutes each, that might save me hours. But if I wait for the usual processes to match us, it might no longer be needed. I'd like the ability to basically know more or think a new way about any technical subject near instantly any time I want, beyond what people are willing to answer for free or googling. I dont care where they find the info or understand it themself. I would of course google it before going to them, but if they can google better or faster than me, it still solves my problems, of course if I'm calling about something I can verify during the call that it worked. [link] [comments]  |
| A Guide to Learning Anything Faster Posted: 30 Sep 2020 05:44 PM PDT "If only I could have learned Spanish three years ago…" "If only I learned about investing when I was still in my early twenties…" If only. For many of us, there are more things we want to learn than we have time for. And as information becomes more readily accessible online, the number of things we want to learn has only increased. That means that the only variable we can actually control is the time we spend learning them. Shortening the learning curve is a topic that's been studied for many years, and this guide will cover the fundamental core principles of learning faster. Were these principles perfectly in place, you could leverage them to push yourself to learn faster and master any category of learning, including languages, business skills, musical instruments, and more. To quote Tony Robbins: "One skill you want to master in this day and age we live in, if you want to have an extraordinary life, is the ability to learn rapidly." So, here are those principles: 1. Don't reinvent the wheel. Why reinvent a wheel that's already been created? The common tendency we all have when learning something new is trying to master it alone and underestimating the amount of time and effort that can be saved by getting help from someone who's already learned it. Think back to a time when you first learned how to speak a new language or obtain a new skill. You probably had a steep learning curve initially, but after a few years or even months of experimenting and making mistakes, you could design a shortcut to help a friend avoid those same mistakes you made early on. In order to achieve mastery faster, our first step should be to consult the top players in the field, and model the path they have already carved out for us. As Robbins puts it: "Many great leaders have proven that the fastest way to master any skill, strategy or goal in life is to model those who have already forged the path ahead. If you can find someone who is already getting the results that you want and take the same actions they are taking, you can get the same results "It doesn't matter what your age, gender or background is," Robbins continues. "Modeling gives you the capacity to fast track your dreams and achieve more in a much shorter period of time. In this day and age, it's possible to retrieve almost any solution that's out there in the form of books, blogs, training videos, consultants, someone in our network -- the list goes on."To quote yet another wise individual, this time Pablo Picasso: "Good artists copy. Great artists steal." 2. Deconstruct the skill. The next step to hacking the learning curve is to deconstruct the skill you see into its basic, fundamental components. Break down the parts and find the most important things to practice first. (See Pareto's Principle, which describes a goal of generating 80 percent of results by putting in 20 percent of the effort.) It turns out that this concept can apply to almost anything in life, including: • Business (80 percent of sales comes from 20 percent of customers) • Employee efficiency (80 percent of results comes from 20 percent of employees) • Happiness (80 percent of happiness comes from 20 percent of relationships) • Travel experiences (80 percent of our travels may be summed up from 20 percent of our highlight experiences) Embracing this way of thinking only goes to show that very few things actually make a difference in any aspect of our lives, including learning. Our goal then should be to separate the 20 percent of our learning materials that will give us 80 percent of the result. As it turns out, fast-learning experts have already embraced this ideology, and have provided some concrete examples on how to do this effectively. In his TED talk, Josh Kaufman said he believed that you don't need 10,000 hours in order to master a skill. Instead, the key is to embrace the first 20 hours and learn the most important subset skills within that time frame to get the maximum amount of impact. Numerous studies in the fields of motor and cognitive skill acquisition have established that the first few hours of practicing a new skill always generate the most dramatic improvements in performance. (See Parkinson's Law.) 3. Stop multitasking. Multitasking is a guilty pleasure we've all developed in the age of constant notifications and mobile applications. From checking our emails every ten minutes, to scrolling through our Instagram feed, to welcoming co-workers coming by our desk for a "five-minute break": Multitasking can be one of the biggest hurdles preventing us from learning faster. Think about your own computer. When you have 20-plus different tabs open on your browser, your computer begins to slow down and it takes longer to process every action afterwards. Studies have shown that when an individual gets distracted, it takes an average of 25 minutes to return to the task at hand. What's more important to note is that a study by the University of California Irvine found that a worker applies himself or herself only 11 minutes before becoming distracted. The same thing applies to our long-term focus. Many of us aren't able to dedicate the six-to-12-plus months it takes to learn a skill because of the countless new projects, ideas, or hobbies that come our way. And when we decide to shift our focus to a new distraction, it's much more difficult to find the same passion and drive to focus on the previous skill. Once you have deconstructed the subset skills that will give you the maximum amount of results, focus solely on improving those skills and avoid learning anything else until you've mastered them. 4. Repeat, repeat, repeat. This is the part where most of us struggle, and what many of us don't want to hear is the rule that mastering anything faster requires practice. Learning requires frequency of and persistence in performing the same skill over and over again, until you can do it subconsciously, without having to think about it. The best performers in the world understand this "secret" to learning faster and become the best, yet rarely talk about its importance because of how unsexy it sounds. Expert-level performance is primarily the result of expert-level practice, not due to innate talent. As K. Anders. Ericsson, a scientific researcher from Florida State University, elaborated in a paper: "People believe that because expert performance is qualitatively different from normal performance, the expert performer must be endowed with characteristics qualitatively different from those of normal adults. This view has discouraged scientists from systematically examining expert performers and accounting for their performance in terms of the laws and principles of general psychology." 5. Seek immediate feedback. In 1960, while they were still an unknown high school rock band, the Beatles went to Hamburg, Germany, to play in the local clubs. The group was underpaid. The acoustics were terrible. The audiences were unappreciative. So what did the Beatles get out of the Hamburg experience? Nonstop hours of playing time, practice and immediate feedback that forced them to get better. That's the key difference that elevated the Beatles to the top, according to Macolm Gladwell in his book Outliers. The band didn't just practice in a garage for the sake of practicing; they strived to get in front of a live audience that would provide them immediate criticism and constructive feedback. As the Beatles grew in skill, audiences demanded more performances -- giving them more playing time. By 1962 they were playing eight hours per night, seven nights per week. By 1964, the year they burst on the international scene, the Beatles had played over 1,200 concerts together. By way of comparison, most bands today don't play 1,200 times in their entire career. This is why at Rype, we're solely focused on connecting you with native speaking tutors, who can give you immediate feedback during your lessons. 6. Go Long. Unfortunately, many of us give up before or during what Seth Godin calls "The Dip." Godin says that although it's important to know when to quit, many potential winners don't reach success because they quit before the dip. According to Godin, five reasons you might fail to become the best in the world include:
Psychologists have also studied what's known as the transition cycle. This is the cycle of progress we go through whenever we're experiencing change or a novel event, such as a tragedy or the opportunity to learn something new. There's a sense of euphoria we all experience when we begin something new. That's why we're so addicted to seeing notifications on social media, because dopamine gets released each time. Once the honeymoom phase fades away, we experience the "dip" and our progress begins to plateau or diminish. This is when most of us quit. The reason why this is important is that if you can predict that a dip is coming, when you're learning anything new, it's easier to fight through it. More importantly, the dip is there because those persistent enough to stick it out can ride the upward wave that is at the end of the tunnel. So, to restate these points on how to hack the learning curve: • Model an expert who's been there, and don't reinvent the wheel. • Deconstruct the skills that will deliver 80 percent of results. • Stop multitasking**.** • Practice those reps, reps, reps! Then seek immediate feedback. Go long and don't quit before or during the dip. I had this article saved on my laptop for years and I don't know who is the owner or the source. I thought it was insightful and wanted to share it. if you know the owner please let me know so I can include the credit. Edit: the source : https://thenextweb.com/lifehacks/2017/10/30/the-ultimate-guide-to-learning-anything-faster/ [link] [comments]  |
| Looking for a tool to build a news aggregator page in my website. Posted: 01 Oct 2020 10:54 AM PDT I'd like to collect various posts from relevant publishers in my sphere to supplement my own original content. Any advice on what tool to use for that? [link] [comments]  |
| Thoughts on renting out cars (lease) Posted: 01 Oct 2020 10:49 AM PDT Hi people, i was thinking of ways to invest money, and I a came across some cars which people lease 36 months, and in that time they basically pay for the whole car and the car isn't even theirs at that moment! I saw this one and i believe the profit would be around 18% of the invested money per year!(minus the road tax which is 150 euros per 3 months) Wouldn't this at least be better than doing stocks? [link] [comments]  |
| What's the best way to sell a SeeS business which I no longer have time/motivation for? Posted: 01 Oct 2020 09:03 AM PDT |
| The Science Behind TikTok's Addictive Design: How they built an influencer economy Posted: 30 Sep 2020 07:43 PM PDT TikTok is an app that was designed exclusively for engagement. That's why it's smashing every other social media platform in that regard. It's an interesting case study for anyone who wants to build an engaging product with high growth. I have spent more than 20h analyzing it. Here is one of the key lessons I learned from it. Build An Influencer EconomyTikTok designed an alternative economy were your views are like your wealth. And that wealth is spread between users similarly to how money is spread in the world. The top 1% have most of it. They are the faces of the app. They inspire others to become creators and follow that path. They look like average everyday people who were able to achieve massive success, so it makes you believe "if they did, then maybe I can do it too". This pushes the masses to participate in the economy and try to win. Even if the majority of them will stay "poor" or "middle class", seeing the top 1% gives them the motivation to continue. But only 1% reaches that success, the rest of the users are "poor" or "middle class". They don't get as many views and followers. They are more like consumers, they drive all the traffic that the top 1% collects, and they produce content in the hope of joining that 1% one day. However, in an economy, not everyone participates the same way. You have to identify the power users, those who will be the most active members of the economy. It's important that the top 1% inspires them the most. On TikTok, the power users are kids and teenagers. That's why the top users TikTok promotes are all mostly between 14 and 18 years old. They represent the community of power users and sell them "the dream". Essentially they created a system where everyone wants to participate and everyone wants to win. Everything is done to reinforce that. ➜ THE LESSON: To get large engagement, create an economy where people are inspired by the top users, and the wealth is represented by your engagement metric. *** Hope you like it! This is a snippet of a video I made. It was too long to post the other 6 insights here. You can find the rest on my YouTube channel. I make other analyses like this one if you are interested in that stuff :) [link] [comments]  |
| I need to pitch an idea for an app to investors, and I could use some help Posted: 01 Oct 2020 08:42 AM PDT Without going into too much detail, it's an app that aids in home sales businesses in dispatching and resulting leads. The app will cost a minimum of 50 grand to develop. What do I need before going into a meeting with a potential investor? Do you have any advice for me? I feel very confident that this app would be widely used if it got the exposure, but I've never done something like this before. [link] [comments]  |
| Digital Marketing Agency Landing Page Service Question Posted: 01 Oct 2020 08:37 AM PDT So I'm taking the plunge after 10 years in corporate marketing and trying my hand at some freelance digital stuff. I'd like to offer landing page creation as a service, but do not have an extensive coding background. A luxury I was always afforded working in the corporate world was a full in-house web development team. Pretty much we'd mock up and write copy for landing pages and they'd make it the magic happen. My questions is, without that level of web dev skill, would I be able to offer landing page creation as a service? [link] [comments]  |
| If I invest $500,000 in a business and my friend invests $50,000, does he get 10% of the profits? Posted: 01 Oct 2020 12:11 PM PDT Or would he get 10% if I invest $450,000 and he invests $50,000? [link] [comments]  |
| Wanted: SaaS / App service provider for customise dishes in restaurants Posted: 01 Oct 2020 04:30 AM PDT Dear folks, I want to launch a restaurant with a unique value proposition: A) Customers can create their own dishes based preselected set of ingredients B) Customers are recommended a dish based on diet and/ or preferred taste Option A is definitely a little easier to implement / develop as Option B is. Ideally I don't want to develop this App completely from scratch, but hire a company that has already done such projects in the past. Maybe there are providers you can develop this app via drag and drop in an easy way. Can someone recommend me such service providers and maybe give me an estimation of the development costs? [link] [comments]  |
| Are greeting cards still a thing? Posted: 01 Oct 2020 08:11 AM PDT I have an idea for a greeting card business that is very unique and there isn't anything like it. There is a similar product but not in greeting card form. Initially I thought I would print the graphics onto phone cases and then greeting cards came to mind. Is there still a market for greeting cards? I read about someone else on this forum who is making $30k/month selling prank greeting cards, so I assume if the idea is unique enough, this might work. Your thoughts? [link] [comments]  |
| Hi I’m new and I’m looking for anything to learn Posted: 01 Oct 2020 07:31 AM PDT Hi I'm Sergio I'm 15 years old and really I Interested in any business opportunities or ideas or even learning simple strategies. I'm basically looking for a mentor to help me out into making something profitable. [link] [comments]  |
| Nooks Underwear Update - $5k and growing Posted: 01 Oct 2020 07:14 AM PDT Hey everyone, been a very long time since I posted. But I realized posting made me accountable, so I'm gonna keep doing it. For those who don't know, I own an underwear brand - Nooks Started it back in january. While growth has been kind of slow, I'm learning new things every month and can see $10k / month in my crosshairs. I've managed to get better at Facebook ads and am starting to crack that, although I'm still having trouble really scaling off that.. I've had success in other area e.g. Email accounts for about 20% of revenue, great returning customer rate, OK google shopping, organic posts on Imgur, IG, Twitter etc. One big change that I made last month (based on a friend's advice) was to introduce premade bundles. Those. Were. Gamechanging. Within 1 month, AOV bumped up from $36 -> $70. I can spend more to acquire customers. I'm currently working on getting some listings up on Amazon to give that a shot, as well as introducing a Members-Only program where customers can get exclusive pricing, early access to new colors and products and the whole sha-bang. I'm also considering a women's line. In my little experience, most guys couldn't care less about their underwear. Most of us get it as a gift or from the women in our lives. Plus, women seem to care more about it for themselves, so gonna give that a shot. Will update you guys in about a month with more infor about how Amazon is going (Prime Day is soon), subscriptions, revenue and the women's line! [link] [comments]  |
| Easiest way to design prospective SAAS app Posted: 01 Oct 2020 06:57 AM PDT I am looking for inspiration for my SAAS apps Ui/UX. I am not a designer but do not want to spend the money on a designer right now for the MVP. Any suggestions would be great. [link] [comments]  |
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