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    Wednesday, February 10, 2021

    Wantrepreneur Wednesday! - February 10, 2021 Entrepreneur

    Wantrepreneur Wednesday! - February 10, 2021 Entrepreneur


    Wantrepreneur Wednesday! - February 10, 2021

    Posted: 10 Feb 2021 02:00 AM PST

    Please use this thread to ask questions if you're new or even if you haven't started a business yet.

    Remember to search the sub first - the answers you need may be right at your fingertips.

    Since this thread can fill up quickly, consider sorting the comments by "new" (instead of "best" or "top") to see the newest posts.

    submitted by /u/AutoModerator
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    Is a co-founder without equity still a co-founder?

    Posted: 10 Feb 2021 04:37 AM PST

    A colleague and I started a business over the pandemic and it's doing really good. We conceptualized it, created everything, the processes, the systems, everything. I'm the industrial partner as I have the experience and skills while he's the financer and also has some contacts that brought in the first few clients.

    I couldn't do it without a salary so he gave me a salary when I went full time on the business. I don't have equity (in exchange for a salary) but I have profit share. I'm content with this because the salary allows me to do other ventures that has a high potential to be turned into a business.

    Our clients are very formal and so when they ask me what my title is (also for Linkedin and stuff), is it okay to say that I'm a co-founder? I mean we built this company from scratch and we have been growing it, altho my partner is not as hands on with the company because he basically lets me run it. I just go to him when I have to consult on some stuff and for some banter here and there.

    Am I still a co-founder even if I don't have equity?

    Thanks everyone!

    submitted by /u/thelostpinay
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    How can I determine if there is a market for my product idea?

    Posted: 10 Feb 2021 09:29 AM PST

    I have an idea for a tech product targeting businesses. The basic premise is a gamification web service to promote productivity and job satisfaction. The product would be provided with a tier structure based on the number of users for the business.

    The problem is that motivation, team bonding activities, and other sources of on-the-job entertainment is typically done in-house. Team leads and HR like to get creative and come up with personalized ways to give this benefit to employees. That being the case, I need to find out if there would even be a market for this product.

    What ways can I conduct market research to see if there even is a market? There are other gamification tools out there, but they're typically for the common consumer or customer facing, I can't find an employee facing product to compare to.

    submitted by /u/-ThatGingerKid-
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    Seeking advice: Starting an LLC

    Posted: 10 Feb 2021 09:17 AM PST

    Seeking advice:

    New to reddit and to entrepreneurship. I'm starting my own packaged food business in CA using a commercial kitchen to make the food, business part from home. I would like to establish an LLC, but don't want to have to list my home address. How do I do this? Would it be worth it to go through an online legal service? TIA!

    submitted by /u/YoliDiaz
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    Me and my dad are soon opening an outlet for pure leather handmade shoes in India. Any suggestions?

    Posted: 10 Feb 2021 04:20 AM PST

    Any help would he highly appreciated like from where should we source from or how should we deal with the customers who'd come to our outlet or like how should we do the marketing and stuff ...anything!

    Thanks in advance!

    submitted by /u/HammadNS
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    2021 Business ideas for 25 year old?

    Posted: 10 Feb 2021 02:13 PM PST

    Hey long story short. School didn't really workout for me and I Never really wanted to be working for somebody the rest of my life. So basically during my college years to pay bills I was dealing drugs to make ends meet. Anyways put away 150k of the money I made into something that won't depreciate in value over time only go up. So yea I just turned 25 a few months back and just been thinking where do I go from here. I thought about Amazon wholesale or other business ideas where I can make my own schedule. Also know a company who will invest my money into stocks for me and pay me out a percentage of returns each money or continue to let it rollover and build. All suggestions welcome I have a business mindset just could never really put ideas of what I wanted to do together.

    submitted by /u/Brown1017
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    This simple filter might be the only thing you need to start conversations with potential customers in positions with decision-making power

    Posted: 10 Feb 2021 06:28 AM PST

    Over the past year, more than 50% of the potential customers I started a conversation with are in a c-suite position (thus, have high decision-making power on their companies).

    However, as most entrepreneurs figured by themselves even before trying to reach out to anyone, people in these positions are extremely difficult to start a conversation on cold outreach. Part of the reason why this happens is because they usually get bombarded with tons of cold emails and connection requests by salespeople.

    Many would preach that personalization is the key to get these managers' attention, but in fact, being relevant is more important than anything. This means that you really need to be sure that you're showing them something that is not only relevant to solve their problems, but you're also reaching out at a time when they are open to discuss a possible solution.

    -----

    Insight here 👇

    The next time you are trying to find potential customers to reach out to, make sure to prioritize the ones that recently changed to their new job / role (3-6 months max).

    ------

    This filter helps you find the managers with the decision-making power you're looking for and are open to discuss new processes and tools right now.

    Timing is the key.

    Why?

    When one of these managers change jobs, they are likely looking to shake things up internally. New processes and new ways of doing things will be on their minds, so this is the perfect timing to let them know that a solution like yours is available.

    More, If you further target people with decision-making power that joined a growing team, you'll likely find an even higher level of urgency to find solutions that accommodate the growth of the team!

    This is the type of insight that will help you break the silence on their side and start talking about the "how". Feed your pipeline with new opportunities and start growing your business!

    ------

    I have compiled a guide that walks you through the most efficient ways to use this approach in your outreach strategy.

    You'll see that there are efficient ways available to you to help you to find these managers without having to, for example, manually visit each person's LinkedIn. So you can do this with enough scale.

    ------

    This is interesting because in all my experience helping other businesses to grow their pipeline of new customers, no one ever really pays attention to this simple filter.

    Yet, it's so simple to use and so effective to achieve better results. Remember to keep that mind :)

    Have any questions? Here to help!

    submitted by /u/r_pg101
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    Can I ask for some advice?

    Posted: 10 Feb 2021 09:48 AM PST

    So a lot of people in this community say they got where they are by hard work but they don't specify what they do, and I am not creative person and I don't have coding skills and I barely have any hobbies If I even have one, so I don't know what business should I start can anyone give me some recommendations - something that will give me a profit something I can like really grow to high amounts of money If I really work my ass off, can anyone give me so business ideas? I am willing to put my 100% into the business and I am not saying It will come instantly. I would be very thankful If some of you could share one of your stories and what businesses would you recommend?

    Thank You!!

    submitted by /u/OxOreo
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    Has anyone here made significant money on a crowdfunding round for a startup?

    Posted: 10 Feb 2021 12:25 PM PST

    Looking at investing in a crowdfunded seed round for a mortgage lending mobile app for the next generation. I actually love the tech, branding, and the progress they've made so far—so I'm looking to put a few grand into a round in which they're raising just under $400k (they're $20k shy at the moment).

    But while I know a handful of seed stage investors, I've never heard (or read) anywhere of these people seeing solid returns. Would love to hear from anyone that's had experience/returns participating in this kind of funding? Thanks in advance.

    submitted by /u/tealergang
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    Selling food at brazilian beaches

    Posted: 10 Feb 2021 06:08 AM PST

    So my plan is to sell food at brazilian beaches and save as much money as possible. im a 16 years old male. Should I do it? or should i not do it? i would be ashamed if someone i know spotted me at the beach tho

    submitted by /u/ImJustReallyFuckedUp
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    Do you need a business partner? How about an Untypical one? My gut feeling took me in the right direction.

    Posted: 10 Feb 2021 02:12 AM PST

    All companies start with great doses of optimism and positive energy.

    You have an idea you think is awesome, and that gut feeling that tells you that this is going to be huge. There's nothing that can stop you – you're meant to do great things.

    However, business owners and startup owners make one really common mistake at this point.

    They believe in their gut more than they believe in research and data. What is even worse, they don't even conduct any kind of research to check if their idea could work on the market.

    They act completely driven by their gut feeling, thinking with emotions instead of their brains. Duhh...

    And, the product finally gets released. It's going great at the beginning. However, some time goes by and you start feeling like your business is slowly starting to stagnate. After a while, you notice a downfall. Something's missing. Something needs to be changed.

    So, you start a creative process all over again

    The brainstorming sessions turn into sleepless nights and days without peace. And yet, no results. You can't seem to find the missing piece of the puzzle.

    What you need to understand is that sometimes we get so stuck in our ideas and how we imagine them that we can't see any other sides of them. Sometimes, we need to include other people in the process, who can give us different perspectives and refresh our way of thinking.

    The first thing we think about at this point is a business partner.

    An experienced person from the industry who can boost the company's creativity and morale with their skills. This mainly is a good idea, but having a business partner is tricky in some other terms.

    You really have to be careful with picking a person you truly believe in – they will have a very important role in the company after all. It will mean bringing in huge changes for your company and for you as an owner.

    There's one other alternative that doesn't have to bring so many changes in your everyday working, and still, bring better results.

    There's one untypical business partner you could start collaborating with – your customers.

    Think about it. Your customers are the core of your business. Your customers are the reason why you exist. It would be a logical step to ask them how they feel about your product and how can you improve it.

    How can you partner up with your customers and get a user-centered product?

    With co-creation. Co-creation is a model that engages customers to co-design products together with companies.

    The original concept showed up around 1960-70s when trade unions in Scandinavian countries.

    They've succeeded to win the right of workers to design IT systems that were connected to their jobs, calling it cooperative design.

    The term that came closest to co-creation as we know it is user-centered design, coined by Don Norman in his book called Design of Everyday Things.

    Today, we refer to co-creation as involving stakeholders in the product design process, most commonly customers. Through the process of co-creation, you can listen to customers and understand what exactly their needs are. Having all this useful information will help you create a product that will be tailored according to their wishes.

    Co-creation can bring many benefits to your company:

    • Saving resources. Having a co-design session with your target group can literally open your eyes. You will be able to see exactly what your customers need and what needs to be added to your product to satisfy these needs. You won't spend a lot of time and money on developing features your customers might not like.
    • Higher customer retention. Giving customers the feeling that they are part of the creation process of your product can create a special bond between them and your brand. This will encourage them to purchase your product more frequently, as they will get an added emotional value aside from the material one.
    • Better than market research. No market research will give you results as good as talking to your customers directly. You'll get more precise information that will help you in the development of your product and your company's future plans.
    • User-centered design. Your product is here to solve a problem for your customers. Involving them in the problem-solving process can put you in their shoes and give you a better understanding of the problem and its nature.

    [Case study]

    58% of businesses have piloted co-creation in their innovation processes. Here are some that have incorporated it successfully:

    • IKEA's Co-Create IKEA project was developed to encourage customers to give their own ideas for new furniture pieces. The company also cooperated with entrepreneurs, universities, and innovation labs to find interesting and new designs. The best ideas get licensed and executed.
    • Heineken invited several designers to develop ideas for new clubs. The designers shared their ideas with customers, using an online creative hub. The initiative resulted in the Heineken Concept Club, presented on Milan Design Week in 2012.
    • Unilever launched an Open Innovation platform, where users get to solve different challenges given by the company. Users can get involved in different processes regarding packaging, technologies, and product ideas. After this project, 60% of Unilever's R&D projects involved external collaboration.

    As a company, the most important thing you need to know is that your customers don't have the same needs you do.

    That's why you need to put yourself in their shoes and try to understand them as much as you can.

    Co-creation can create a strong bond between you and your customers, resulting in great user-centered products. This way you can find and build your best business partner.

    submitted by /u/chrismatters
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    Best website builder for a service business

    Posted: 10 Feb 2021 10:05 AM PST

    I have an ecommerce business as well, and use Shopify - I love it because of all the customization you have with apps that can be integrated. I read you can use Shopify for services as well, but am a little skeptical.

    I'm starting a service business for an automation startup, in which i'll be delivering services instead of an actual product.

    What's the best website provider you'd recommend using? Do you think Shopify would be a good choice still?

    submitted by /u/u_no_me_bro
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    Are their middleman websites like patreon or buymeacoffee that allows the buyer to make payments through different methods eg PayPal even if the seller hasn't registered with PayPal.

    Posted: 10 Feb 2021 09:35 AM PST

    I'm an artist based in India, trying to receive my commissions online. It's easy to receive commisions in India through a govt service called UPI. Although for commisions from foreign customers, it gets a bit tricky because many people have an account on PayPal, or Stripe, some even prefer btc. I tried creating a PayPal account but I haven't been able to do that because of some documentation issues that I won't get into. I tried creating an account on buymeacoffee but even there, if someone wants to send through paypal, even I need to have paypal and so on for other services. Are their services available online that allow buyers to send money through their preferred way and the amount gets credited to my account? I don't mind transaction fees.

    submitted by /u/cumsmack
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    How to improve myself (in sales) while bidding for a project on freelancing platform?

    Posted: 10 Feb 2021 09:27 AM PST

    Hi, since you are first required to send a proposal or cover letter on most freelancing platform, there is no scope of talking to a potential client on a call, you may do this later if he agrees. You have to impress potentials clients with your profile (reviews etc on profile), but what if am new?

    How do I convince them that I can help get things done with just words (since sending proposal, cover letter is only option on these platforms, call comes later in the picture)

    My plan is to improve myself on this area, charge low fee, provide quality work, hustle and build my profile from there to eventually get paid what I deserve.

    Can someone please help me? How to write cover letter that can help me convert clients. I understand one needs actual skills to get the work and I have the skills, I'm talking here about building a new profile and getting them to click that chat/message button after reading my proposal/cover letter.

    Thanks.

    submitted by /u/Ok-Use
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    I’m trying to start a clothing brand but I don’t know where to start on the business side of things?

    Posted: 10 Feb 2021 09:22 AM PST

    As the post said, I've been in the works of starting a clothing line but I don't know where to start on the business side. I'm located in California and I'm trying to get a website. I'm just stumped on what kind of permits I'm going to need and how I can protect my work? Any help would be appreciated!

    submitted by /u/Cool-Stitch
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    How I met a stranger online and built a Google Sheet add-on in under 2 weeks!

    Posted: 10 Feb 2021 08:58 AM PST

    Quite awhile ago I had built an add-on for the G Suite Marketplace (now known as the Google Workplace Marketplace). I decided to offload it and turned to the Saas marketplace called Microacquire. During that process I founder a stranger who wanted to partner up, and this is how we built an app in under 2 weeks. Here's the story and importantly, a few lessons you can take learn from out journey.

    Meeting A Stranger

    While selling my previous add-on, I had a ton of inquires and scheduled half a dozen Q/A with potential buyers. I had listed the add-on for a low price ($1000) since I had launched but didn't do any post launch work (quick aside....I launched right at the start of COVID and I work in healthcare, specificially in infection control, so it's been a busy year). During the first Q/A with some buyers from eastern Europe, they made an offer to purchase on the spot, for which I accepted (mini-lesson, if you get a ton of inquires and the first people you talk to make an offer, you likely listed too low...my loss) Literally 20 minutes later, I get an email that reads like this (I don't have the email anymore or else I would post it). But the fact that he did the legwork to find my personal email showed me he meant business!

    Hey - I was doing a deep dive on Microacquire and I found your tool. I think it's pretty cool and I wonder if you'd be open to a unique partnership? Give me 45 days to help build up a customer base and then we can return to Microacquire and try to sell for $10,000 instead of $1000. What are your thoughts?
    Ed

    $10,000 definitely sounds better than $1000 and what was another 45 days? I had already sat on the app for almost a year doing nothing, 45 days couldn't hurt. The problem was that I had 20 minutes prior accepted the offer from two other guys (for which it all went through smoothly).

    Not wanting to back out of the deal I accepted, I told Ed that I had just sold the startup but I was very much attracted to his offer, perhaps we could work together. He was disappointed that he missed the boat by 20 minutes but was excited to work on something new!

    Lesson 1: if you want to get involved in a startup, sometimes just reaching out can work!

    I was intrigued by Ed's offer, it was different from all the other people that reached out on Microacquire. It showed passion, it showed enthusiam. I would have taken it if it wasn't for the already accepted offer. Ed and I emailed back and forth and agreed to try and find another startup we could work together on. Ed said that he didn't have the time to purchase an operate a startup, but thought he could help take one up a level. It was a unique way to get involved. If you don't have the complete set of skills to start one (ex. don't have development skills) and want to get involved early, perhaps you could take the 'Ed route' and reach out to startups looking to sell. Partner up and try to help build a customer base for future sale!

    Idea Generation

    Ed and I went back and forth on some ideas. Some that we had sitting in our head previously and some new ones that came up through our chats. Ironically, we both happened to have a similar educational back ground since we are both epidemiologists. We both agreed that the Google Workplace Marketplace is a great place to be working. To me, the Google Workplace Marketplace seems like the Apple app store before it was the Apple app store, in that there aren't many apps in the store, but there are a lot of users! Just think, there are billions of Gmail users in addition to a ton of businesses (some estimates are over 10 million users) using Google for their email handling. All these people can access the Google Workplace Marketplace for free!

    Lesson 2: Go to where the puck is heading.

    If you search through the Google Workplace Marketplace you won't find a ton of great add-ons. There are a handful that are well designed and developed, but nothing like the Apple app store or Google Play store! Both Ed and I agreed we should focus our efforts there, the potential was huge!

    Finally one of us started talking about domain names. Both being serial entrepreneurs we had done a lot of domain name searching in the past. We both had used sites like Namecheap where you plug in your desired name and see if it's taken. Namecheap will take your name and add various things like 'my' or 'club' and also try out various zone/tlds such as .io or .org. The one thing missing was a way to save those results! That was our idea!!!

    We would create a spreadsheet tool that not only searches your domain (and various iterations) but also saves the searches! It was a problem, albeit maybe a bit minor, that both of us had in the past. We would conduct a domain search, find a few names but then have to create some word doc somewhere to save them. Ed even pulled up a document from a long time ago where him and his co-founder did this process!

    Our idea was the design a spreadsheet that would allow the user to search for domain names (and a bunch of different combinations), save those results and collaborate with others on which ones they like. The spreadsheet would be free to use, and we'd make money by partnering with domain registers on an affiliate basis. Therefore, if someone did register a domain after using our tool, we'd make a small commission on that sale!

    Developement Work

    Being the developer, I got to work on the app right away. I had some downtime in my job and was able to utilize breaks, lunch hours and evenings to develop the app. It was fairly straightforward and I was able to get things together pretty quickly. In 2-3 days I had a working prototype for Ed to try out. After gathing some feedback I went about making changes and working toward a V1.

    Lesson 3: Set deadlines, and live by them

    Since Ed and I were strangers (he lives in Texas, I live in Alberta) we were upfront about our intentions. First, everything was 50/50 and importantly, we wanted to iterate fast, build some customers and try to flip the business to someone who could operate it long term. Given the quick start, we told each other that we would try to have the add-on ready to submit to Google in 1 week, we didn't want things to linger. I worked many hours to get it done, while Ed went about building a website, designing up a logo on Canva and starting on a marketing plan.

    True to our word, we had everything ready to go after about 7 or 8 days. I went through the awkward submission process with Google. Being a relevatively new marketplace, the submission process isn't as smooth as say Apple. Google did make some improvements between my previous add-on and this new add-on though. However, to give you a sense of what it's like, at one point a Google representative creates a shared Google Doc and you both work off of that, commenting back and forth about the add-on.

    It took about a week and a half to get approved and we were live in the Google Workplace Marketplace.... G Suite Marketplace is definitely a better name, easier to say as well!

    Lesson 4: Tell your story

    This post is a part of that marketing plan. In the past I found stories would work way better than fact based posts. I learned this first hand when I posted about losing $7 selling McDonalds sauces online. I posted the story to r/startups and received 448 upvotes (link to post). A journalist even reached out and asked if I could write up the store for posting to the The Observer.

    You can't just tell your story though, you need to allow the reader to take something away from it, to learn from it. So I posted some lessons that I took away from this early partnership between Ed and I. I hope there is something you learned, or something that you are able to take away for your next startup or partnership!

    If you made it this far, you might be interested in knowing what our startup is called! We called it GSheetDomains, you can check out the add-on>! here,!< it is free afterall!

    submitted by /u/craig5005
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    I got my first 1000 YT subscribers by posting one video in this subreddit a few weeks back. I'm extremely thankful for all the support I got. I created a new video on the Guerrilla marketing tactic I used, and the CRAZY experience I had that day.

    Posted: 10 Feb 2021 08:39 AM PST

    A few weeks back, I posted a thread on how I created a website in six weeks that generated over $100,000 dollars in passive income.

    https://www.reddit.com/r/Entrepreneur/comments/kzsfh0/ive_made_over_100000_with_google_adsense_from_a/

    I spent that entire day answering every comment/question coming my way, and it was overall a great experience. But I did also have to overcome being called out that I was a scammer, a fake guru, or that I was just trying to sell a course.

    I figured it's worth making av video about how I perceived that entire day on my end, and what my goal was.

    Here is a link to the video:

    https://youtu.be/viSNgcjCygk

    In short if you don't want to watch the video, here are the key takeaways.

    1. No matter how good you marketing is, if your product or content isn't good enough, it won't matter.

    2. I intentionally had a clickbait looking title, but it was only because I was confident enough in my content as I know that it's 100% legit

    3. I made an assumption that the clickbaity nature of the title, in contrast to the quality content in the video, would cause a big buzz in the community, which would allow me get infront of more people. It seemed to have worked.

    The outcome of the marketing experiment was almost 1000 new subscribers and a ton of positive energy from people that I'm very thankful for.

    submitted by /u/senos64
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    TestGorrila, masquerading as a hiring miracle, collecting personal troves data

    Posted: 10 Feb 2021 08:37 AM PST

    TL;DR - Be careful when job hunting, all the places you sign up to and give away your private info.
    As part of my Job interview, I was sent a link to complete this 'assessment test'. I would have preferred a 15-min zoom call, but ok. For once in my life, I read the TOS... and of course it's sketchy.

    THIS IS A SERVICE THE JOB APPLICANT IS INCLINED REGISTER TO AND GIVE YOUR SOUL TO FOR AT LEAST 5 YEARS!

    I'm fortunate to have other offers.

    Here was my response:

    ----

    Hello,

    And thank you for considering me.

    Unfortunately I'm not able to use that platform as I do no consent to their TOS.

    Here are some tidbits of it.

    "If we sell or otherwise transfer part or the whole of TestGorilla or our assets to another organization (e.g., in the course of a transaction like a merger, acquisition, bankruptcy, dissolution, liquidation), your information and any other information collected through the Platform may be among the items sold or transferred."

    "The retention period for test-taker data that is available to customers (e.g. name, email address, and test scores) is 5 years. "

    https://www.testgorilla.com/terms/privacy-policy/

    I apologize for any inconvenience. I'm happy to do a quick call to discuss my experience and background.

    Thank you.

    submitted by /u/ACertainKindOfStupid
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    Shopify Merchant Capital Advance - any stories from the trenches?

    Posted: 10 Feb 2021 08:14 AM PST

    I'm considering using this program and wondering if any of you have had any positive or negative experiences with it.

    submitted by /u/free-advice
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    When do you shift from being a founder to a CEO?

    Posted: 10 Feb 2021 08:06 AM PST

    Ben Jabbawy, founder and CEO of Privy, the app with the most reviews in the Shopify app store BY FAR. Talks about shifting from founder to CEO.

    Key takeaways from this interview on Rolled Up.

    • Keeping forward momentum while being punched in the face.
    • The most important piece of advice I've learned, only take advice from people who give you money
    • Raising money before you're ready, and before you have the experience.
    • My highest mark at university was in an entrepreneur class writing a business plan for a quick service burrito restaurant. The money is in chips and drinks!
    • The movie The Founder, including the scene where he goes to McDonald's first time.
    • Brands as influencers... or media companies (I think you can hear the wheels turning thining
    • How I ended up hosting a couple of episodes of Ecommerce Marketing School.
    • Hiring smart early on and getting the timing right.

    Episode on Spotify, Google Podcasts, Apple if you want to listen.

    submitted by /u/walkerlucas
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    We made a card game for entrepreneurs.

    Posted: 10 Feb 2021 07:55 AM PST

    Hey Y'all, my friends and I created a game for entrepreneurs and we could use your feedback on it. let me know what you think in a comment below. Hope you like it, we put a ton of work into it. Appreciate it! 🙏🏼 https://amzn.to/2OjOfY9

    Really hope this fits here and sorry if it doesn't we're just in need of feedback.

    submitted by /u/Bisman83
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    Co-founder hitting the panic button. How do I deal with this crisis?

    Posted: 10 Feb 2021 08:40 AM PST

    TL;DR

    OK, I'll admit, it's not going to be the biggest crisis you have ever heard of, but it has the potential to become big.

    My co-founder has hit the panic button, and I need to make some decisions on how I handle this.

    Also - this is a throwaway account because I wanted to keep things anonymous. I'm really sorry.

    A little bit of background..

    My co-founder and I met about 2 months ago.

    At the time I already had a validated idea and an investor I was in contact with, and I was actively seeking for a co-founder.

    He was interested in exploring the venture. I took the time to get to know him first, pushing back on discussing the idea itself and instead focusing on personality fit, character, values, and passions - which he agreed was the right approach for us, and only after a few weeks of chatting, we spoke about the problem space, which both of us wanted to get into, and the solution.

    Seeing that we get along pretty well, passionate about the same problem, that our values match and our skills complement, we decided to work together.

    But, about a week ago, we had our first (of probably many, let's admit it) bad moments. The investor I was talking to, flip-flopped, giving us mixed signals.

    When I say investor; it's a very young and inexperienced VC (6 months in the role) who has no expertise in the industry we are in, and did not display a desire in getting into deep enough conversations to understand the market and how we are trying to affect it.

    That's where my co-founder hit the button; he disappeared for half a week, barely responding to my messages and I assume, didn't work.

    That's OK though - I'm pretty relaxed normally and wanted to give him the time to reflect, so other than hey how are you, I didn't message much.

    Hitting the panic button

    On the 4th day, we spoke after I reached out to ask if he was OK; his immediate reaction was to quit, saying that the main reason was the VC's opinion; in other words, since the VC hasn't invested (at least yet) the idea is not good enough;

    I took the weekend to reflect, too, documenting my thoughts and assumptions, evidence to support or contradict them, pros, and cons, however, I wasn't going to try convincing him to change his mind. That's because I know that building a start-up isn't going to be a smooth sail, that part of the journey is people saying no to you, and that you can't just jump ship every time it happens, and instead, you should consider the feedback and make decisions based on evidence

    But to do so - you've got to be wholeheartedly into solving the problem, and it's not going to work if I forced him to change his mind.

    What's next

    He did ask me to tell him what I thought, and so, I did; I was ready to say 'goodbye' when he said that wanted another day to process what I said. which means he might change his mind.

    I have some questions

    So, first; what do you think about anything I said?

    And more specifically:

    1. What do you think about my approach of being whole heartedly into this?
    2. I have some doubts that if he flips flopped once, he would do the same in the future and so I will either have to walk on eggshells or just realize that the next time something like that happens (and there are going to be bad moments) he would hit the panic button again. Is that a valid fear?
    3. Have you had a similar experience with your co-founder? What did you do, and what happened?
    submitted by /u/Common-Blueberry1217
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    Why I often prefer juniors to “superstars”: confessions of a startup CEO

    Posted: 10 Feb 2021 03:22 AM PST

    Hello everyone!

    It's Alex again. For those not familiar with me, I'm a founder of a company that produces mobile apps for life and health. Yesterday I read an interesting article about interviews and hiring, and I want to share my findings and experience with you. Let's go!

    I find typical interviews a waste of time. Those typical boring questions about the algorithms or binary trees won't show the real skills of a candidate, except the fact that the person has found the answers on the Internet and remembered them. And a job talk where an interviewer forces you to write code on paper or a blackboard is generally crap.

    When the book about Microsoft interviews was published, all the HRs started to ask about round hatches and golf balls. Thank God they've stopped doing that already.

    On the other hand, some startups do not care how many sortings you know. It is highly important that you do business and fit into the team. For them, a beer interview in the park is an effective process in weeding out the wrong candidates.

    Having conducted a bunch of interviews, and tried different strategies, I realized that the perfect candidate (for me) has three qualities.

    1. Wisdom

    Don't mix it up with knowledge, erudition, or IQ level. Candidate's olympiad diplomas won't save you from poor quality code. Synthetic tests or questions about algorithms are a complete bullsh*t. They show that the interviewer has no idea about how to do the job.

    Wisdom is the ability to ask questions, analyze arguments without making hasty conclusions, see the pros and cons of decisions, processes, frameworks. You can replace it with professional experience, but it is not always possible. The experience is more of an observation, and to turn it into knowledge, you need to make some more steps.

    2. Ability to get sh*t done

    The newer and fresher the project, the more it is in want of people who know how to create a startup in the garage. Otherwise, the old and stable projects value candidates that figure out features and think more about logic. You need to keep the balance.

    It is easy to determine the ability to get sh*t done - by clear and direct replies to your questions and the so-called "fiery eyes".

    3. Team compatibility

    IT is a team game, loners are not competitive here. Usually, the incompatibility of a person with colleagues is one of the main reasons for layoffs. I always look at whether the candidate is "similar" to the others and can make a good team.

    Hiring even the smartest nerd in a community of highly effective drunks is a shitty idea. "Ninja Superstar" will literally rot in a team, where every step should be coordinated with the team lead. And both of them, once in the right place, can become efficiency geniuses. Therefore, wise team leaders know how to refuse good candidates who, unfortunately, will not get along with the team.

    OK, we've decided that we like the person and we are ready to work together. But how to test technical knowledge? For me, the best test is to sit down and together solve a problem that my team has recently solved in the product. Such an interview shows the way a person thinks, builds logical chains, sees problems, gives reasons for decisions, etc.

    After that, I allow asking questions about us to understand whether the candidate is interested in working for our company. After that, we shake hands and prepare an offer or a letter of gratitude for the time spent.

    Do you have any hiring rules? What is your perfect candidate? And if you are an employee, what was the most weird question on interviews?

    submitted by /u/Lanin_X
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