NooB Monday! - March 01, 2021 Entrepreneur |
- NooB Monday! - March 01, 2021
- 5 of my best tips that will help you build a daily and weekly schedule that saves you a lot of time
- Thought I'd take a shot in the dark and see if any entrepreneurs here need an understudy or somebody to work under them and learn all aspects of their company? Mid-twenties with a master's degree and diversified experience getting tired of working in the family business the last couple of years.
- What next?
- Paul Graham's "Startups in 13 sentences" summary
- Bala Bangles Project
- What would you do with an unused, available movie theater?
- If a franchisor stops replying to you
- Thinking of building a startup around mass payments using crypto
- How MVP development strategy and automation during launch of your website/application can help you sidestep the need for a large amount of investment without compromising on goals | A MVP & RPA case study for startup founders and co-founders.
- Business Name - Project Management Consultancy
- This idea sounds crazy but I wanna to float it.
- How are websites for "Smart NFC Business Cards" such as Tappy, Ovou etc. made?
- Case Study Competition
- Increase your revenue ��
- How My Business Attracted Press In 2020
- Quick Jumpstart Guide for Founders Who Haven't Sold Before
- A crypto investment that lets you keep the money you made with crypto.
- Any white/private labelers in here?
- Ideas or growth hacks to grow a very niche newsletter?
- Feedback Please!
- Trying to start a watch business and a guy wants me to sell him a fake, should I do it?
- Why or how did you get into the entrepreneurship track?
- How do you stay motivated?
- Best books on Blue Ocean strategy?
- Want to Start a B2B SaaS for Employee Attendance Tracking - How's the Market?
| Posted: 01 Mar 2021 02:00 AM PST If you don't have enough comment karma to create your own new posts, you can post your new questions here. You can also answer/add comments to anyone else's posts in the subreddit. Everyone starts somewhere and to post in /r/Entrepreneur this is the best place. Subscribers please understand these are new posters and not familiar with our sub. Newcomers welcome! Be sure to vote on things that help you. Search the sub a bit before you post. The answers may already be 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]  |
| 5 of my best tips that will help you build a daily and weekly schedule that saves you a lot of time Posted: 01 Mar 2021 02:44 AM PST If you are like me, guys, you definitely have some bad days when nothing works as it should, you put a lot of pressure on yourself to get things done and you still feel like you are making little to no progress or even stuck. So I decided to share with you 5 tips that will definitely help you find another gear and make your weeks and days feel a lot smoother overall.
If you want to get a bit deeper into any of the points let me know. Hope this helps you as much as it helped me so far. Wish you an amazing week. [link] [comments]  |
| Posted: 01 Mar 2021 11:43 AM PST I am willing to share my CV and Resume privately, if there are individuals interested. I am ready to leave my family business - despite how lucrative it is - and start working in an industry I really enjoy. Best and thanks! [link] [comments]  |
| Posted: 01 Mar 2021 01:38 PM PST I have an idea for a product I am really passionate about. I have drew some basic sketches, made a working model in cad. I plan to 3D print it and make some modifications to make a working prototype. What next? Do I file for a patent? Should I reach out for help? Also I don't know jack about the manufacturing stage. [link] [comments]  |
| Paul Graham's "Startups in 13 sentences" summary Posted: 28 Feb 2021 05:20 AM PST Paul Graham wrote an essay in 2009, "Startups in 13 sentences" Its filled with nuggets of startup wisdom like: "It's better to make a few people really happy than to make a lot of people semi-happy." A summary of an already short-essay: 1. Pick good cofounders.Cofounders are for a startup what location is for real estate. You can change anything about a house except where it is. In a startup you can change your idea easily, but changing your cofounders is hard. 2. Launch fast.The reason to launch fast is not so much that it's critical to get your product to market early, but that you haven't really started working on it till you've launched. Launching teaches you what you should have been building. 3. Let your idea evolve.This is the second half of launching fast. Launch fast and iterate. It's a big mistake to treat a startup as if it were merely a matter of implementing some brilliant initial idea. As in an essay, most of the ideas appear in the implementing. 4. Understand your users.You can envision the wealth created by a startup as a rectangle, where one side is the number of users and the other is how much you improve their lives. The second dimension is the one you have most control over. The growth in the first will be driven by how well you do in the second. The hard part is seeing something new that users lack. The better you understand them the better the odds of doing that. That's why so many successful startups make something the founders needed 5. Better to make a few users love you than a lot ambivalent.Ideally you want to make large numbers of users love you, but you can't expect to hit that right away. Initially you have to choose between satisfying all the needs of a subset of potential users, or satisfying a subset of the needs of all potential users. Take the first. It's easier to expand userwise than satisfactionwise. And perhaps more importantly, it's harder to lie to yourself. If you think you're 85% of the way to a great product, how do you know it's not 70%? Or 10%? Whereas it's easy to know how many users you have. 6. Offer surprisingly good customer service.Customers are used to being maltreated. Try making your customer service not merely good, but surprisingly good. Go out of your way to make people happy. They'll be overwhelmed; you'll see. In the earliest stages of a startup, it pays to offer customer service on a level that wouldn't scale, because it's a way of learning about your users. 7. You make what you measure.Merely measuring something has an uncanny tendency to improve it. If you want to make your user numbers go up, put a big piece of paper on your wall and every day plot the number of users. You'll be delighted when it goes up and disappointed when it goes down. Pretty soon you'll start noticing what makes the number go up, and you'll start to do more of that. Corollary: be careful what you measure. 8. Spend little.I can't emphasize enough how important it is for a startup to be cheap. Most startups fail before they make something people want, and the most common form of failure is running out of money. So being cheap is (almost) interchangeable with iterating rapidly. 9. Get ramen profitable."Ramen profitable" means a startup makes just enough to pay the founders' living expenses. 10. Avoid distractions.Nothing kills startups like distractions. The worst type are those that pay money: day jobs, consulting, profitable side-projects. The startup may have more long-term potential, but you'll always interrupt working on it to answer people paying you now. 11. Don't get demoralizedThough the immediate cause of death in a startup tends to be running out of money, the underlying cause is usually lack of focus. Either the company is run by stupid people (which can't be fixed with advice) or the people are smart but got demoralized 12. Don't give up.Even if you get demoralized, don't give up. You can get surprisingly far by just not giving up. This isn't true in all fields. There are a lot of people who couldn't become good mathematicians no matter how long they persisted. But startups aren't like that. Sheer effort is usually enough, so long as you keep morphing your idea. 13. Deals fall through.One of the most useful skills we learned from Viaweb was not getting our hopes up. We probably had 20 deals of various types fall through. After the first 10 or so we learned to treat deals as background processes that we should ignore till they get terminated. Having gotten it down to 13 sentences, I asked myself which I'd choose if I could only keep one. Understand your users. That's the key. The essential task in a startup is to create wealth; the dimension of wealth you have most control over is how much you improve users' lives. The hardest part of that is knowing what to make for them. Once you know what to make, it's mere effort to make it, and most decent hackers are capable of that. Understanding your users is part of half the principles in this list. That's the reason to launch early, to understand your users. Evolving your idea is the embodiment of understanding your users. Understanding your users well will tend to push you toward making something that makes a few people deeply happy. The most important reason for having surprisingly good customer service is that it helps you understand your users. And understanding your users will even ensure your morale, because when everything else is collapsing around you, having just ten users who love you will keep you going. Read the full essay → http://www.paulgraham.com/13sentences.html What would be your 1 startup advice? [link] [comments]  |
| Posted: 01 Mar 2021 02:19 PM PST Hello! I'm doing an EVP Project for one of my college courses and I chose Bala Bangles as my topic. Bala Bangles is a weighted band that you can wear anywhere to get a nice workout in easily. They are also stylish, comfortable, and highly praised. I have to make a pitch about it like the problem, the solution, underlying magic about the company etc. I was wondering if anyone sees the problem about regular wrist and ankle weight bands? This is the only part of the project I'm struggling on. [link] [comments]  |
| What would you do with an unused, available movie theater? Posted: 01 Mar 2021 07:26 AM PST I think the days of a movie theater on every block are over. There's one available near by that would service a 30min drive radius population of about 100,000 people, maybe more. What are some ideas to repurpose it as? [link] [comments]  |
| If a franchisor stops replying to you Posted: 01 Mar 2021 06:44 AM PST I moved across Canada to open a small franchise(4 locations). I have already paid the franchise fee and locked in to a location for 5 years. Now the franchisor has stopped replying to me and I start paying rent today. Still haven't started construction or bought any equipment. I don't remember reading about anything like this in the contract. Any suggestions would be appreciated. [link] [comments]  |
| Thinking of building a startup around mass payments using crypto Posted: 01 Mar 2021 12:29 PM PST The reason it's interesting is because mass crypto payments are quite inexpensive and easy to do. One transaction can send to thousands of receivers with low fees. Maybe good for giveaways or offering loyalty rewards to customers. What are your thoughts on this? Should I do it? [link] [comments]  |
| Posted: 28 Feb 2021 08:51 PM PST
This is what our client's goal looked like when they approached us 6 months back. The goal itself looked like a massive task to pull off and would have required a lengthy development cum launch schedule & significant amount of early investments to make it a reality but unfortunately the client had neither. . Fast forward to today, the website has 20,000 monthly readers with a month on month reader growth rate of 9.2% and more than 250,000 books, currently on the path to achieve the original goal within the next 2 quarters or less. So how did it ever happen ?A- We took a less talked about development approach called the minimum viable product development strategy and divided the clients goal into multiple versions with each version having distinct set of features and an objective of acquiring a certain amount of users and books. In short we divided the goal into smaller goals and made a road map for the same. B- Dealing with such large volumes of content and data requires an agile system as initially there would be many batch operations/tasks that needs to be performed site-wide and often in a startup there is a lot of pivoting initially. Carrying it out manually would be an impossible task. Thus we used Robotic Process Automation to automate most of the tasks such as book collection, classification & sanitization & ensured the system remained agile for as long as we can. Version 1.0 [Objective- Host 10,000+ books and engage up to 2,500+ monthly readers]How we did it ? We set a conservative target for 2,500 readers so that we can easily acquire them with little to no marketing. To do so, we simply made a web form and took a survey of the client's & ours's near and dear ones and on our social media circles asking them to select which classical authors & genres they liked. We had handpicked 50+ databases & sources where books across 10 Indian languages existed at this point but we only selected 7 sources which had books of the authors & genres the surveyed group were interested in. We automated the extraction of the books from those databases and started hosting about 10400 books. We classified them into author collections and started sending links over to our initial surveyed group and asked them to share it with their friends too. Constant sharing for 6 weeks and we had 2500 readers. Wireframe for fellow tech friends- . Version 2.0 [Objective- Host 250,000+ books and engage up to 20,000+ monthly readers]How we did it ? After we achieved our conservative goals in Version 1.0, we were now confident enough to be a little bold and chase bigger goals. We wanted to now acquire 20,000+ monthly readers. But acquiring such a big number of readers by targeting only people around us was impossible, we knew we had to start indexing our book pages on Google search. In the meanwhile our data team constantly was acquiring more books. Thus we started preparing our books for Google. As all our books in general were fetched from all nook n corner of the old internet, the condition of the books' meta were not good and they left a lot to be desired. They contained all sorts of unwanted characters in both author names and book names. So we automated their sanitization and also ensured the URLs contained sanitized meta only. Sanitized as much was possible, added URL slugs, prepared the sitemap and put them for indexing on Google and other search engines. Constantly kept working on the technical SEO at this point and 12 weeks later we have about 20,000+ monthly readers and also about 258,000 books in our DB. wireframe for fellow tech friends- Version 2.0 automated meta sanitisation | The odd shaped containers represent unsanitised data. . Version 3.0 - Ongoing [Objective- Host 1,000,000+ books and engage up to 100,000 monthly readers]How we are doing it ? This stage involves solving crucial problems that has been creating issues for the existing readers. And foraying into social media marketing. 1- Lack of enough genres & interest based classification of books We are working on an intelligent tool to classify all the books into thousands of genres and interest. (Our research suggests people on search are more inclined to look for books as per genre and interest) 2- High loading time for almost all the books resulting in reader bounce Almost all books due to their age are in the format of PDF (Old books are usually scanned by public libraries and not for profits and turned into PDFs for digital storage and usage as PDFs are the most optimized format to store scanned images). The issue being here is PDFs in general take a whole lot of time to load and render thus leading to nearly 40% bounce. We are working on a tool to break the PDFs into smaller images and render them individually to reduce the loading time to a maximum 300 milliseconds from the existing 30-50 seconds. 3- Opening up the platform for readers to be able to make their own personal mini library and increase personalization 4- Almost all classical books content have poor cover pages thus decreasing the chance of user engagement, we are working on an AI solution to auto generate artistic covers for all the books so as to enhance visibility on the internet. This issue is so big that our estimates suggest we lose about 90% of the potential clicks due to this. 5- Zero social presence leads the entire social acquisition funnel open and unused. Building up highly engaging social presence which leads up to more readers is an immediate problem we are trying to solve.
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| Business Name - Project Management Consultancy Posted: 01 Mar 2021 04:00 AM PST Hi all, Am considering starting a project management consultancy and would love your ideas on name suggestions. Something that communicates: - preparing ahead - reliability - partnership with client - emergency response More context: the business will be in civil road construction, specifically helping local governments prepare for natural disasters, and repair their road networks after damage occurs. Appreciate your help! [link] [comments]  |
| This idea sounds crazy but I wanna to float it. Posted: 01 Mar 2021 09:07 AM PST TL;DR: A macrocommunity where you can trust anyone. ________________________________________________________________________________ How did we get here? I was thinking about how companies like Coinbase, Cash, Square, and even Paypal was making cryptocurrencies accessible to the general market. I was thinking how I can make spending money on crypto accessible to the general market but I think I have that wrong. I should be thinking about how to make smart contracts accessible to the general public. So, I wanted to float the idea to you guys to see if this concept is worthwhile. I have some use cases that may be useful for you as an entrepreneur:
These are the use cases that are coming to mind. I know this sounds like an ambitious project but that's not my concern right now. If you are interested in this out, feel free to let me know. If you are not, let me know why also? [link] [comments]  |
| How are websites for "Smart NFC Business Cards" such as Tappy, Ovou etc. made? Posted: 01 Mar 2021 08:16 AM PST Companies such as Tappy, Popl, Ovou etc. use the technology of NFC to allow users to share their personal information quickly and easily. How do the websites that the cards are based on work and what link are the cards programmed to go to when out of the box? Why does it ask for a serial code? How does it redirect to a chosen link (such as example.com/davidnguyen) when a specific link (like example.com/....... is already programmed within the NFC chip? How does it work? [link] [comments]  |
| Posted: 01 Mar 2021 07:06 AM PST |
| Posted: 01 Mar 2021 10:43 AM PST Hey! I own an agency of web & graphic designers who create captivating websites to help brands increase revenue, grow their customer base, and increase their conversion rate. View: www.striotdesigns.com Let me know if you have any questions! [link] [comments]  |
| How My Business Attracted Press In 2020 Posted: 01 Mar 2021 06:38 AM PST Press can help you attract new clients, adds credibility in future sales conversations, gives you a backlink to help with SEO, etc. In 2020, I set a goal to gain additional press and Shardus was featured by 2 popular media outlets in Dallas. https://dallasinnovates.com/how-dallas-shardus-is-solving-problems-behind-traditional-blockchains/ Here is the simple 3-step process I followed to land the articles in a short period of time.
It's as simple as that! This is what worked for us and I hope it helps you too! [link] [comments]  |
| Quick Jumpstart Guide for Founders Who Haven't Sold Before Posted: 01 Mar 2021 06:18 AM PST Came across this in a Slack, and it's a solid summary of how to start selling, especially if you haven't before. This read is particular important if you've never been in a customer facing roll before. Relationship Selling Techniques1) LISTEN MORE If you think that speaking non-stop about the product will close the deal, you are wrong! The buyer-seller connection is important and without it, you can't expect fantastic results. To build that connection, you need to speak less. Get involved in understanding the requirements and wants of your prospect. 2) CONNECT ON SOCIAL MEDIA When you are into B2B selling, the sale cycle is long. You can use the time in hand to get close to the prospect with the help of social media websites like Facebook and LinkedIn. Your presence on social media can be beneficial in many ways. 3) GET TO KNOW CUSTOMERS PERSONALLY Salespeople should build a long-term relationship with potential customers. Talk to them and understand what their interests are, follow what they are posting on social media so that you can get topics to start a conversation. 4) VALUE COMMITMENTS AND BE HONEST As a salesperson, it is very important to be a man (or woman!) of words. If you don't honor your commitment, the trust that prospects have in you will get damaged. It is therefore essential to stick to deadlines and do what you promise. [link] [comments]  |
| A crypto investment that lets you keep the money you made with crypto. Posted: 01 Mar 2021 11:27 AM PST One of the problems that investing in crypto has is that you can lose your money in crypto if you are not careful (the price drops). What if you never lost money when in investing in crypto. By investing through a dApp that automatically transfers a portion of your crypto gains into stablecoins, you can stablize and increase your portfolio and not worry about losing crypto the next time the price falls. Does this sound interesting to you? [link] [comments]  |
| Any white/private labelers in here? Posted: 01 Mar 2021 04:46 AM PST Anyone have experience with white/private labeling products? What issues did you have with supply chain or logistics? Warehousing? E-commerce vs brick & mortar sales? Any unanticipated costs? I've had what appears to be a good opportunity and just need to flush out some unknowns before pulling the trigger. Thank you [link] [comments]  |
| Ideas or growth hacks to grow a very niche newsletter? Posted: 28 Feb 2021 04:52 PM PST Hello - I started a very niche newsletter aimed at Shopify store owners. For those of you who have launched and marketed newsletters in the past, what are some marketing channels or growth hacks I should look into? Here's what I've done so far:
Some more stats:
So far I've just been testing the waters with different marketing channels to see what worked while focusing on delivering a great newsletter each week to those who have subscribed. I haven't put too much ad spend into any of them yet as you can see. Figured I'd drop $10-25 here and there and then try to scale the one that worked best. So far none of the paid methods have been that great of a ROI in terms of subscriber acquisition cost. Right now I'm averaging $2.17/subscriber through paid channels. I've thought about gamifying the newsletter through points and referrals similar to how Morning Brew does it, but I wanted to test some other methods first. I have a ton of friends / associates in the Shopify world who have offered to give out subscriptions to their apps and themes as incentives, so I feel like gamification might be something worthwhile to look into in the future. What else would you do in my shoes? Or what that I've tried do you recommend that I continue throwing some budget into? Thanks for any advice. [link] [comments]  |
| Posted: 01 Mar 2021 03:51 AM PST Want to share a side project I've built with my brother (u/ijan2thegreat) I'm trying to get feedback and see if I'm solving a real problem here, or if I'm working on the wrong thing. We help startups launch AirBnB level user driven referral programs that are fully integrated with their websites. Would love to get feedback from the community, and see if I can help you. As a special thanks for your time and trust in me, I'll personally install and project manage the hell out of your referral program, and make sure it uses all the best practices and latest tricks that worked well for others. [link] [comments]  |
| Trying to start a watch business and a guy wants me to sell him a fake, should I do it? Posted: 01 Mar 2021 07:06 AM PST Hey guys so I am trying to start a secondary market watch business (think pre-owned Rolex, patek, AP, etc) and I recently bought a Breitling that after selling it to a buyer turned out to be fake. He called me telling me it's fake and I apologized and completely refunded him and paid to have the watch sent back to me, and I thought that deal was done. Now I recieved a text from him asking if I had any other fake watches to with I replied "no sorry, I try to only supply authentic timepieces and don't sell fakes, if you really interested I might be able to find some." He said sure and wants a fake Rolex of the best quality but now I'm having second thoughts about doing this and what it might do to my reputation as a watch business. I'm not officially an organized business and I'm using my own name but your name means a lot and if someone asks for a reference check on me and I get a response about the fake watch I might be screwed if I try to sell a real one. I think I should tell this guy I'm not going to sell him a fake watch so what should I do? Thanks. [link] [comments]  |
| Why or how did you get into the entrepreneurship track? Posted: 28 Feb 2021 06:51 PM PST I get the feeling that its rare for someone to proactively pursue entrepreneurship without life circumstances nudging and in most cases tossing them towards this track. Am i on the right track here in terms of thinking? Yes i know entrepreneurship is trendy with the potential for big gains but if one were to actually experience the reality of the work, risk and sacrifice required to get a viable business going id imagine 99.9% would quit after a month or so if they even start at all. Comfier alternatives ABOUND in the form of employment unless you have particularly difficult circumstances like being an illegal immigrant, refugee or a felon but even then you could probably still find jobs less torturous and potentially ruinous like entrepreneurship. SO returning to the original question, why or how did you get into entrepreneurship? Responses from people who have been doing this for at least a year would be appreciated. Also in order to prevent wildly successful and unsuccessful outliers as representing the norm, please share your stories even if you think your journey is "boring" or uneventful. Its the truth we are trying to get at here. Thank you very much! [link] [comments]  |
| Posted: 28 Feb 2021 04:49 PM PST Hi there. Just some context information, I'm a 22 year old with an online business I've been running and steadily growing for the past few years. I don't have any other source of income other than my business and am fully self-employed. I've always struggled with motivation. Since the business is no longer "new", the novelty is going away and it's harder for me to stay motivated to do the daily tasks. It's a sole proprietorship with a network of contractors, so it's a one-man job. I definitely want to continue the business. I've found my niche, I'm seeing solid returns, and there is growth potential in my niche. But, quite simply, I'm losing motivation and this is making it very difficult for me to keep myself accountable. I'm very influenced by those around me. My friends whom I hang around with are all terrific people, but none of them are entrepreneurs. None of them run a business. They all work "regular" 9-5 jobs. So I can't connect with them in this realm. I have noticed that when I meet and connect with other entrepreneurs, my motivation skyrockets. It's odd how effective it is. The issue is—with lockdowns, it's hard to find other entrepreneurs with whom to connect to. Networking conferences are obviously shut down, and I still can't find a good enough face-to-face digital platform for entrepreneurs. Clubhouse is the closet thing I've found but it's not enough. To those of you who have been running a business or venture in an area for several years now—what techniques or practices have you integrated into your lives to keep yourselves motivated? Especially in these times. Thanks. [link] [comments]  |
| Best books on Blue Ocean strategy? Posted: 28 Feb 2021 06:09 PM PST |
| Want to Start a B2B SaaS for Employee Attendance Tracking - How's the Market? Posted: 28 Feb 2021 11:30 PM PST IntroHey everyone! I have this idea for a while, and I finally decided to launch it in the coming months. I want to ask you some questions to see if it's feasible or not, especially because things have changed dramatically due to the recent pandemic. I want to launch an international SaaS product for businesses to track employees' attendance. I'm gonna get you familiar with the subject if it's different in your country or company, or if there are alternative terms for it. DescriptionBasically, attendance tracking systems measure employees' performance based on their available time in the company. Some companies use these kinds of products to monitor how many hours employees are present in the company, check if employees are late or not, calculate the overall pay based on their available hours, and make some management decisions. They may use a hardware gate at the office entrance with an access card, there may be fingerprint or iris scanners or face recognition cameras, or employees may self-report their enter and exit time using an app. There are many ways to do so, but the final goal is to track the employees' attendance. It applies to many places, from offices to factories to hospitals. I have a new idea in this field that I want to evaluate. QuestionsThere are some primary concerns regarding my idea. Please answer as much as you can, and please include the country and industry you're in or you know if possible because it's hugely dependant on these two factors.
Final WordsYour answers will be very appreciated. It can hugely help me evaluate my idea, give me new insights to make it better, and help me find which countries and industries to go for first. Thanks again for your help! [link] [comments]  |
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