Startups Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant |
- Peer Support and Self Management Saturday’s - A Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant
- Ex-software engineers: When did you break the golden handcuffs to pursue a side project (not necessarily a full blown startup)?
- Books I recommend to those CEOs who want to take their startup to the next LEVEL.
- Which kind of influencer for Marketing?
- How do you identify a market need?
- What are some marketing strategies for an app with a low budget?
- How should a private small business compensate investors?
- How to know when to bring in a marketing agecny?
- Commission vs Subscription vs Flat Fee
- Sunday’s Success Stories - Celebrate Your Successes From the Past Week: Anything goes, none too small!
| Posted: 28 Nov 2020 05:05 AM PST Welcome to this week's Peer Support and Self Management Thread. This is a Safe Place to Vent, Seek Emotional Support, Share Self Management Techniques and Experiences, or Just Rant. The goal for this thread is to help one another manage mental and physical health so we can more easily find success. We all struggle sometimes and it is important to recognize that the struggle is part of the journey. The important thing is to learn how to overcome that adversity to grow and succeed. Be tactful and classy in how you vent your feelings and share your frustrations. Act in a mature manner. Ask questions, share experiences, and be there for one another. Practice empathy in giving advice and remember that what worked for you isn't guaranteed to work for others. Make suggestions, not demands of others. #Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
| Posted: 28 Nov 2020 03:51 PM PST (You can just skip to the last 2 paragraphs if you dont care about my motives, also posting from a throwaway as I think my coworkers miiiight know my actual reddit) For context, I'm 25, graduated 2 years ago. I've worked 1 year at a well funded startup w/ big backers that ultimately failed and paid me below market salary the entire time but was really fulfilling and I loved "the grind", but aside from experience, I have almost nothing to show for the year of work as I was paid so little and had to pay so much to live in SF. Now have been working at a big N company for a year and they pay me more than I ever imagined Id make. My TC just from work this year will be close to $300k, but the work is mind-numbing and so depressing that at the end of the day I just want to veg out. I just feel like a cog. I have no motivation to do anything because my day is just such a drag. It wasnt so bad when we were in the office but remote work has sucked the life from me. My ultimate goal is Financial Independence. Along the lines of fat FIRE. I dont think Ill ever truly "retire" but I want my days to just be a nice slow morning, some gardening, maybe do some coding, then spend time w/ my future family, with a lot of traveling thrown in, and some days I dont wanna do any work at all. Just relax and do whatever I feel like. Woodworking, surfing, fishing, etc. I have a few side income streams that will net me about $20k this year, and I believe in my abilities enough that i think if I truly dropped work and even put half the time into personal projects, I could make enough money to survive (not thrive, but survive). I have a backlog of projects Id love to work on, but I just cant find time or motivation to really dig in until recently. The last few weeks I've finally found the motivation to pursue one of the ones that I believe can be the highest ROI, biggest to scale, and least maintenance, but my days have now become, work from 9-5pm at work, 6-11 work on my own projects. I've pitched my idea to a few people I know in the space and theyre all asking to be the first users. So I know its promising. Its a nice balance, and I still get my weekends. But I just cant help but feel like Im wasting away my best years, but I also know that I'm very fortunate to be in the position Im in. Every year I work my I dont want to go the funding route and start a real company w/ unicorn valuations or hundreds of employees or anything like that. My older brother bootstrapped a company, between him and 3 friends they all make 7 figures and only work a few hours a day. No plans to be the next billion dollar company, and they even turn down clients just because it adds more work. Id obviously love to get something like that for myself. That being said, I realize Im very fortunate and dont wanna just give up what I have without maximizing the opportunity. Im trying to set a reasonable goal to which I can leave my main job. My bar to leave the job is:
Open to any advice here, but moreso just curious to ex-golden handcuffed, ex-engineers who started your own venture, what made you realize enough was enough and you pursued it? How much money did you have saved up? Did you have side streams of income to sustain you? Did your project/startup just become enough in itself to sustain you? Kudos to those of you that just YOLO'd it and really went for it, but I'm just too risk averse and honestly really lazy (maybe burned out too). I wouldnt be willing to commit 100% of my manpower to it. If I left my job itd be to take it easy, not step it up. [link] [comments]  |
| Books I recommend to those CEOs who want to take their startup to the next LEVEL. Posted: 28 Nov 2020 06:36 AM PST Measuring What Matters- John Doerr "Great book for those who want to be able to take their start up to the next level of execution. It's good to have goals but if you can't execute then you have nothing. This books will teach you how to set over the top goals but yet make them achievable in a manner that creates transparency and accountability within your startup" Traction- Gino Wickman "Great book for startups who are struggling with creating traction. This books allows you to build traction where it matters which is within your organization. Read this book and immediately was able to see why my startup was struggling and was able to get things back on track" Both of these books were crucial in shaping the culture and identity of my startup. They booth work hand in hand so I recommend reading "Traction" first then jump into "Measuring What Matters" a lot of your questions or woes will be address. Lmk what you think and if you would like for me to continue sharing more books that have helped me through my struggles. ENJOY!! [link] [comments]  |
| Which kind of influencer for Marketing? Posted: 28 Nov 2020 11:16 PM PST Hi everyone!! I have a Company which is selling PC and Notebooks online and we also Repair any kind of Device. Neow my question is which type of influencer would be the best to advertise on Social Media (Instagram) or any other way of Marketing with a low budget? [link] [comments]  |
| How do you identify a market need? Posted: 28 Nov 2020 01:02 PM PST I've worked as a consultant for a SaaS company and as a financial analyst. I think I may have the background to start something like this. I also have more technical people I could connect with. Problem is identifying a market need that is financially viable. I have about 20k in cash right now to start. Where do I begin? [link] [comments]  |
| What are some marketing strategies for an app with a low budget? Posted: 28 Nov 2020 10:36 AM PST I'll be launching an on-demand app soon, but am a bit restricted with the budget. We have about $2,000 we can spend on marketing, which would be how much it costs for the Facebook or Google Ads algorithm just to optimize. Are there any other ways we can utilize this budget to acquire a good number of users? We want to get an appealing number of users in the initial month to use as leverage. [link] [comments]  |
| How should a private small business compensate investors? Posted: 28 Nov 2020 01:49 PM PST Let's say you were given the opportunity to invest in a small business, and you liked the model, felt things were priced correctly etc. The owner of the business is very explicit about never wanting to sell the business to someone else, or to never IPO. How would an investor make money on their investment? What arrangements are typical in these types of situations? [link] [comments]  |
| How to know when to bring in a marketing agecny? Posted: 28 Nov 2020 09:00 AM PST I will preface this by saying I'm not close to this point yet just trying to set expectations and goals for myself. My business is a B2B SaaS, I am a very technical person though can do the business management side of things too. However my major weakness is sales and marketing so I am thinking after I get to break even on my monthly server and other required services, that I should bring in a marketing agency. Is this something that can make sense and if so when is a good time to bring one in? When I can budget 1-2k a month for it or should I have more to do some starter marketing? [link] [comments]  |
| Commission vs Subscription vs Flat Fee Posted: 28 Nov 2020 03:02 PM PST Hi! I'm launching an online marketplace soon. It's well under way, and should be ready in the coming weeks. I'm wondering, what's the best revenue structure for this type of website? Commission seems like the obvious choice, however I have some concerns. If a customer were to want to return their merchandise, I would be forced to return the money. I could offer no return policy, but my vendors might not agree with this. Subscriptions would be nice, however I worry that if products don't sell quickly and consistently, this pricing structure won't get very far. Lastly, there's flat fee per listing. I like this one best, but don't know how much to charge. What are your thoughts? [link] [comments]  |
| Posted: 28 Nov 2020 05:05 AM PST Welcome to this week's Sunday's Success Stories Thread. A lot of us get way too hung up on the destination and the fact that we are not there yet. It is important to take a moment to reflect on a great quote from Agents of S.H.I.E.L.D., "The steps you take don't need to be big, they just need to take you in the right direction"- Jemma Simmons This is extremely relevant to all of us in this community. We should all be more aware of the successes we achieve every day that carry us closer to our goals. Celebrating these successes, no matter how small they are, allow us to stay motivated, focused, and happy while we struggle to achieve dreams of various sizes. The purpose of this thread is to share our successes from the week with one another and have something to celebrate together. So, let us know what successes you have achieved this week! Nothing is too small or insignificant! #Because this is meant to be a safe place to support emotional and physical health there is a zero tolerance policy in effect. Be KIND. Be sure to report any conduct that is in violation of that key tenet. You can also find more support using instant chat on the /r/startups discord. [link] [comments]  |
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