Startups Patent in US, but not in China where product is manufactured |
- Patent in US, but not in China where product is manufactured
- Blockchain in Jordan
- A discussion about workflows and maintaining a productive team
- At what point did you invest in a bookkeeper/help with payroll?
- Personal qualities common in successful entrepreneurs
- How do I structure the Cap Table?
- Looking to hire first full-time role, need help with the understanding total cost to the business
- What should I do before hiring a designer for my mobile app?
- Business Plan Template
- Should I give Startup CEO 60% of my product?
- Initial idea validation if people somewhat feel the problem you’re trying to solve but are satisfied with the current tools available already
- I am facing daily guilt and problems! Any advice!
- Ideas of Raising Funds to predominately build a bootstrapped company #NoVC
- Website with login feature, database, profiles etc.
- Seeking Career Advice
- What do you have to do in order to legally use a term invented by a popular book author as a name for a mobile app?
- Should I hold my website via company or my name?
- Is the 83b 30 day window based on exercise date or grant date?
| Patent in US, but not in China where product is manufactured Posted: 02 Mar 2021 06:41 AM PST If you have a patent in the US, but not in China where your product is manufactured. This is a problem right? Can the manufacturer sell your product to anyone outside the US? You'd have to get a patent in every single country, is this true? How do manufacturers usually treat such an issue, do they just sell to anyone they can? Even though you might have a patent for the product. [link] [comments]  |
| Posted: 03 Mar 2021 02:52 AM PST Hello all, I plan on introducing the blockchain technology to companies in Jordan. I have been studying blockchain for a while now; however, I am no expert when it comes to implementing such technology. I believe there is a great potential for its use and adaptation in Jordan. I need people with good experience that can implement blockchain in various industries such as banks, hospitals, governmental institutions. If interested please let me know. Thank you! [link] [comments]  |
| A discussion about workflows and maintaining a productive team Posted: 02 Mar 2021 08:05 PM PST Hey all, I'm just curious as to what the community uses to manage various aspects of maintaining a productive business. It'll be helpful if you can state your team size, the nature of your business and the kinds of productivity solutions that you or your team has tried! It'll be really cool to start a discussion to help each other optimize our workflows. We're a team of 9 people here working in technology/innovation. We're using a whole mash of different productivity solutions. We currently use: Google Drive - To centralize key content like slide decks, advertising assets, etc Notion - For the occasional organization of meeting minutes and research data Telegram - To pass around assets and keep track of each other's progress We actually don't have a centralized collection of everybody's tasks, but our team seems to function well enough even without it. [link] [comments]  |
| At what point did you invest in a bookkeeper/help with payroll? Posted: 02 Mar 2021 07:37 PM PST We just raised a small, but not insignificant, amount of money and my cofounder and I can't decide on some of these expenses. Is it appropriate to want to save time on mundane things like this when revenues are still very low? Would appreciate insights as to when made sense for your startup to start paying for professional services like this. For context, we pay good lawyers so we're not cheating out on everything [link] [comments]  |
| Personal qualities common in successful entrepreneurs Posted: 02 Mar 2021 09:28 AM PST What qualities do you think a startup founder should have to be successful? I pondered this question for a long time. In this post, I'd like to highlight five qualities that, in my opinion, will help budding entrepreneurs build business processes and succeed in the future:
This is one of the key qualities that every startup creator needs. Active people turn thoughts into actions. They are impatient and strive to test everything in practice and do that as quickly as possible. They are the initiators of the development and launch of a new business. People with activator abilities are the core of the team. These are the ones who find the main idea and the necessary resources, organize meetings, etc. No one knows in advance what the result will be. However, activators can act confidently, despite possible difficulties and setbacks. Such people are eager to experience something new and encourage their friends or partners to participate in this business.
Strategic thinking allows a person to identify various options and single out those that will lead to success. Such a person searches for information that can make the efficient, plans alternative ways, and selects profitable models. The strategist chooses the right niche and positioning, thinks over the core values, prioritizing what to build and why. The founder needs to see the whole picture, identify weaknesses, and find ways to coordinate the efforts. This person should capture the intricacies and offer consumers exactly what they want.
A successful startup should adapt to market demands. If external circumstances change, you should respond quickly. This is the only way to achieve success in any sphere. The ability to "turn" the business back on track is a must for an effective startup. It's great to imagine a dream company in your mind. However, one cannot follow one outlined plan if the surrounding events change quickly - from time to time, you need to adjust the strategy. The leader should change the focus of his product if required. It is crucial to adapt to the market - in this case, your product will always be in demand.
Starting a company can throw the team into chaos. You'll need to optimize your routine and the company's processes to avoid getting lost in various activities. Discipline allows you to prioritize work, create a plan, and think over the necessary activities for every day. This is the basis for efficient and dynamic business development. Building competent work is vital to achieving results, and discipline plays an important role here.
The ability to focus on a goal is an important quality of a founder. People who have a clear focus can follow the plan, adjust the strategy if necessary, and choose new directions. They set priorities and then take action. The success rate is much higher when you focus on crucial tasks. It is necessary to switch your focus between what is important at the moment and what ensures the achievement of the final result. Wasting time on unessential tasks may stop you from achieving the north star objective of your business. What would you add to this list? [link] [comments]  |
| How do I structure the Cap Table? Posted: 02 Mar 2021 04:54 PM PST I am working on a startup right now, I have been working on this project alone for the past 7 months. I talked to a friend (Name - X) who has founded companies before and is business savvy and he introduced me to this other guy (Name - Y) who acts like he knows a lot of investors and keeps mentioning how his dad can invest in my startup and wants to be part of my project BADLY. I am not very business savvy. I am an engineer. My friend X has a lot of skills that can be useful, for eg: he knows how to set up a Delaware C Corp, help create TOS, User agreements, etc. This other guy Y has some good but a lot of bad ideas. But he really wants to work on my project. He keeps telling me that he's doing "research" into the market every time we have a meeting. But, He did go out of the way to make a pitch deck which I really appreciate although a lot of the stuff inside the pitch deck was just garbage. I appreciate the effort. We are pitching to an incubator in a few weeks, How do I structure the Cap table? Do they count as Co-Founders when they haven't written a single line of code or done anything substantial for the project? Am I being an asshole? I am naive, So please take that into consideration.- Edit- The Incubator meeting wasn't because of Person Y's connection. It was because of Clubhouse [link] [comments]  |
| Looking to hire first full-time role, need help with the understanding total cost to the business Posted: 02 Mar 2021 11:03 AM PST I own a small PPC company and we are looking to hire our first full-time role. Can someone help breakdown the costs of hiring a full-time role? We are not offering healthcare, but I know there will be employer taxes, WC insurance, etc.. Can someone help breakdown these expenses so I can properly budget for this role? [link] [comments]  |
| What should I do before hiring a designer for my mobile app? Posted: 02 Mar 2021 06:33 AM PST Hello! I have an idea for an app which I made a quick prototype in react/node before realizing that it would work much better as a mobile app. So I've been designing mobile screens to get the basic flow and information needed down, but it is looking very cold and theme-less. I think I want to reach out to some designers to hire someone to help bring the designs to life before I code them all up. Before contacting designers though I thought I should have a game-plan. I was thinking I should finish my "cold" but practical designs, have some inspiration art, and a solid app pitch. Questions: What else should I have before contacting designers? What should I look for in a designer? How can I make sure that I convey the idea that is in my head (and sort of in the current designs)? I'm worried that I'll explain it to them, pay them and then get something totally different back. Any other pitfalls or recommendations would be greatly appreciated. Thanks in advance! [link] [comments]  |
| Posted: 02 Mar 2021 07:23 AM PST Hey Everyone, Me friend and I are in the initial phase of starting a sustainable clothing line making linen shirts based in Germany. I am looking for any advice on where to find a easy to manage business plan template to help kick into the next phase and begin looking for funding and grants. Any help would be appreciated :) [link] [comments]  |
| Should I give Startup CEO 60% of my product? Posted: 02 Mar 2021 03:42 AM PST I've recently been in talks with a startup to work together in the future sometime soon. Sometime after I'd send my portfolio and resume, I had a phone interview with the ceo. The startup is mainly just him at the moment and whatever other connections he's made I guess. He's taken interest in an app I created a while back. He would like to get the app to a point it becomes a brand. As someone who was not interested in profiting off the app initially, I just thought, why not. He sent me a contract which we are going to amend of course. He wanted believes it would be a good idea for him to have 60% equity of profits generated from the product, while I get 40%. My contribution thus for is having build 100% of the app which we see as a test version. At the moment he has not contributed anything yet. His role is to handle all the business stuff, connecting to important people, business plan, strategy, making business decision. He's reasoning for him having 60% and me 40% is that:
The thing is, is there a way I could agree to majority for myself instead, and not have to make the business at the end of the day, just so I can focus on technical(software) side of things? Do any of you think I should agree to him having majority and a majority up 60%? I have not seen any business plan nor strategies yet. I don't have any proof that he can market a product to a point that it becomes successful. My only reasons for partnering with anyone:
I don't believe he has much worth showing he himself has these abilities, but it does seem he is working towards something, so I don't want to ride him off, and it's not like any big company would approach me anyway, unless maybe I was a big shot senior developer. The way I see it, in this world, people gotta ride with those on the same level. Big companies don't approach junior developers for their products/ideas, and senior devs don't ride with small startups I guess. So I guess, I might as well ride with someone on the same level as me in their respective role. I'd appreciate advice. [link] [comments]  |
| Posted: 02 Mar 2021 08:39 AM PST Hey everyone! Been here already for quite a while and right now I'm doing user interviews for a product/service that I'm planning to launch soon. I believe in confirming that enough early adopters really do feel the same problem to validate the idea first before building something nobody wants. I've read Talking to Humans by Giff Constable also (lots of good stuff in there!) and am using that as a reference for all my user interviews. Question is, how exactly do I validate the idea if most people just don't feel the problem that much? They already give a few scenarios where I feel having my product would be beneficial, but the need isn't strong. There's no burning desire per se. From what I'm seeing, they're satisfied already with the current tools they use to try to solve their problem. (I guess it can also be because the product is a fairly new concept so they can't imagine using something like it) Do I go straight into creating a bare minimum mockup with sample data for user testing interviews to be able to validate my idea? Any help would be greatly appreciated! [link] [comments]  |
| I am facing daily guilt and problems! Any advice! Posted: 02 Mar 2021 04:06 AM PST I am 21 and working towards a health startup (this might make me sound dumb but it's true) and I am the only one in my team who codes so I have the work to do it all. However, it is quite common for me to work 10-11 hours per day I do that daily since I was 13 but recently something has been clicking me a lot. I, to maintain myself take an entire day as a break in every 2-3 weeks but since few months I feel guilty and bad when I take those days off! Now what you need to know is that I don't have a job and just graduated with a non-cs degree so I am completely self-taught it isn't my skills I question but my future! That thing might just fail! I am ready to devote it all no matter how hard it gets, but why that guilt! So in a nutshell I am facing problems with myself when I take breaks, have you faced such things before? What is your point of view in such a situation! [link] [comments]  |
| Ideas of Raising Funds to predominately build a bootstrapped company #NoVC Posted: 02 Mar 2021 06:58 AM PST I've been looking to start an electronics company however I don't intend to approach the VCs and aim to build a company that runs on cash. Most of my friends are broke just like me. Our families aren't rich as well. What are the ways to raise funds if we just have prototypes? We can sell a couple of units to our friends but the problem is that Manufacturers have huge Minimum Order Quantities...We make home electrical appliances.. [link] [comments]  |
| Website with login feature, database, profiles etc. Posted: 02 Mar 2021 06:14 AM PST I want to create a service where people can hire photographers. So the idea is you login as either a photographer for hire, or a customer looking to hire one. I'm picturing being able to scroll thorugh photographers and seing their image portfolios, customers being able to rate the photographers and such. I hear this is quite complicated and requires either capital to hire devs or spending a big amount of time to learn yourself. I also see people recommending sites like wordpress, shopify, webflow, go daddy etc. Does anyone have experience with creating a site like this? Any tips on which service is best to use, what plugins I need, and if it's even doable without spending huge amounts of money. [link] [comments]  |
| Posted: 02 Mar 2021 04:40 AM PST Hi everyone! I'm a fresh college graduate and I've been contemplating quite a bit on some career decisions. On one hand, I have been offered an opportunity to work in my ideal role in a super early-stage start-up backed by reputable investors (Sequoia as one of them). There aren't that many seniors in the company who may mentor and guide me beyond the founders. The founders do have a reasonably strong background and I do think they can guide me for the long term. On another note, I'm just rather afraid that employers may disregard start-up experience especially when I try to apply to an MNC in the future. In terms of management, I may not have the chance to lead a large team as well. Just leaving this here, to see if anyone could opine on this! :) [link] [comments]  |
| Posted: 02 Mar 2021 04:40 AM PST What do you have to do in order to legally use a term invented by someone in a popular book as a name for a mobile app? How can you legally use a term invented by an author of a book e.g Hobbit - Lord of the rings, Quidditch - Harry Potter, Robinhood etc. as the name of a mobile app? Recently I found a name that would be a great fit for my app and I am somehow willing to go through the process but I want to know where to start researching. Any input is highly appreciated [link] [comments]  |
| Should I hold my website via company or my name? Posted: 02 Mar 2021 03:44 AM PST Should I hold my website via company or my name? I am going to create a forum website and APP. This website is a meme forum, users can post funny images, gifs or videos on it. Also, users can comment to discuss the posts. All content is from users not f rom me. I think my website is kinda like Reddit or 9GAG. My website is not published yet, but I predict when I publish it, there are around 1000 impressions per day. My question is that should I hold it via company? I am thinking of legal issue, as we know that a forum may cause some legal issues for example some users' comments are defamation. I know this issue is not common and rare but when it happens, it will really bother me. Also holding via company needs a business banking account, this is also not easy to get. I guess it will take few months. Holding via name is easy and costs less money. I think many websites are held via personal name at the beginning. Also I'm not rich and I'm working on it alone so registering a company is kind of burden for me but if it is necessary, I can still do it. On the other hand, I would like to ask about monetisation, now google Adsense is not easy to get approval especially for image based website. My website is an image forum, do you guys think I can get the approval? Thanks for your patient. This is my first time doing startup I hope you guys could give me some suggestions and I really appreciate that. [link] [comments]  |
| Is the 83b 30 day window based on exercise date or grant date? Posted: 01 Mar 2021 05:35 PM PST Hi, I've been offered the ability to early exercise at a startup, and I've been reading up on what the involves from a legal/taxation perspective. It sounds like I need to file an 83b form within 30 days, but it's unclear to me whether that 30 day window starts when I join and the stock options are granted, or when, at some point in the future, I choose to "early exercise" some of my options. I've seen article online that seem to indicate both...but maybe I'm missing something? I'd really appreciate it if someone could help me out. Thanks! [link] [comments]  |
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