We are Raincatcher. We help entrepreneurs buy and sell remarkable companies. Ask Me Anything. Friday, September 10, 2021 from 1:30 to 3:30 PM MDT (-6 GMT) Entrepreneur |
- We are Raincatcher. We help entrepreneurs buy and sell remarkable companies. Ask Me Anything. Friday, September 10, 2021 from 1:30 to 3:30 PM MDT (-6 GMT)
- Update on the poor review situation
- Do you think it’s hard to start a business in 2021?
- Anyone using KPIs or OKRs as a Solopreneurs?
- Silver linings when an employee quits?
- What's the relevance of status when selling a product face to face?
- What I've learned from analyzing 211 SaaS founders' interviews.
- Ex-Partner asking for too much
- I'm a technical founder running a business in sales software. These are my 6 favorite ways of finding potential customers with high buying intent.
- Have you ever joined a mastermind group?
- How does branding work if I'm buying on Alibaba?
- Do you have to be really good at a trade in order to run a the trade-based business?
- Entrepreneurs: How to tame/overcome your fear?
- Nutrition/Wellness
- 3 Lessons from an Indian Startup Founder
- New Business Name matches anothers?
- OSHA Mask Mandate at 100+ Person Business
- Any idea of what industry would be the most profitable for a small retail store? I have the op to open a store in a medium-sized town...
- Looking for partnership to sell nootropics and dietary supplements.
- I want to make a gaming website and publish my own articles on various topics. Need help getting started.
- The Successful Story of an Entrepreneur.
- Selling a skill—how do I transition from teaching online to now teaching it offline?
- What to learn to support my CTO?
- Why you should not do your research online
| Posted: 10 Sep 2021 07:30 AM PDT Raincatcher helps entrepreneurs buy and sell remarkable companies in the pursuit of the American Dream. Our commitment is to help build businesses, as well as friends and family along the way. For small to medium-sized business owners ready to sell now or in the next couple of years, Raincatcher offers industry-leading proprietary valuation resources and proven guide maps to help through the selling process. We have the most robust and integrated marketing strategies for promoting a seller's business and finding the ideal buyer. We were founded in 2011; we have a team of brokers throughout the USA covering all 4-time zones.
At Raincatcher, we believe in helping entrepreneurs grow, scale, and succeed in business and achieve even more freedom in their lives. We believe that small business is the heartbeat of America and that every small business owner deserves their chance at the American Dream. We want owners to harvest the maximum value when they sell their company. To do this, we transform businesses into companies that are built to sell, and we help entrepreneurs buy and sell these remarkable enterprises. Our team of business professionals who have years of experience and specialized knowledge in the area of selling businesses provide business owners with expert appraisals and valuations. We have the bestselling resources at our fingertips, and our team of expert appraisers have their finger on the current pulse of the market as well. We know how to analyze and interpret all of the available metrics and data to give owners a fast, accurate and reliable business appraisal, in order to give them a very realistic estimate of what they can currently expect to sell their business for in today's market. Our focus is to maximize the value of all of an owner's hard work. [link] [comments]  |
| Update on the poor review situation Posted: 10 Sep 2021 03:19 AM PDT About a month ago I posted on here, asking for help about a situation where my app was getting spammed with 1 star reviews. Well, I reached out to google and asked for help. A super nice customer support staff named Yukie looked into it for me. They removed nearly all of the 1 star spam reviews. This came out to be roughly 40% of the total reviews on my app. Made my day :D Edit: they claimed that they found the reviews appeared spammy since they were copy pasted and all within the same posting range. Really if you'd see the reviews they look spammy, poor English, copy pasted, multiple on same day with week gaps. [link] [comments]  |
| Do you think it’s hard to start a business in 2021? Posted: 10 Sep 2021 11:09 AM PDT Do you think it's too late to start a business in 2021? I feel like 2018 was the last of actually flourishing in social media. What do you guys think? [link] [comments]  |
| Anyone using KPIs or OKRs as a Solopreneurs? Posted: 10 Sep 2021 12:05 PM PDT As the title said, is anything using KPIs or OKRs as a 1 man business or freelancer? What are you tracking, how ofter do you check your performance and adapt? Any real life examples would be great. [link] [comments]  |
| Silver linings when an employee quits? Posted: 10 Sep 2021 08:44 AM PDT I posted this in r/smallbusiness and all I got was an irrelevant/condescending reply about treating employees with respect (?) and that she would lose money. Hoping to get some better insight here! My wife owns a small business classified as an S-Corp. She had an employee quit this week who ran a sandwich counter inside the business. This employee was currently the only one with a Servsafe certification, which is required by her health departmental operate the sandwich counter. Another employee will be able to recertify and get them back up and running soon, but it may be a few weeks. Are there any silver linings from a tax perspective or similar? Like could she write off "loss of business" or anything similar? The sandwich counter is a high margin, low percent of revenue portion but it does bring customers in. It covers its own costs as a portion of the busin If it helps, my wife is at the end of her rope with this business in general (struggled to grow, many future barriers etc) and is planning to sell or close in the semi-near future. If this could be used as a catalyst for her potential exit, that could help too. Thanks in advance, just trying to make sure we aren't missing anything! [link] [comments]  |
| What's the relevance of status when selling a product face to face? Posted: 10 Sep 2021 10:16 AM PDT I'm a developer, and I never bought any Apple products. I'm going to start selling my product next month and I'll talk to few clients personally. My girlfriend works in the marketing field, and she says that she ALWAYS goes for meetings with the company's MacBook (and she has a nice laptop for working already), because they think the impression that it causes to the client could be crucial (Apple products in my country are waaaaay overpriced). Also, someone once told me that: if the client thinks you are already successful, he/she will probably not try to bargain a low price (depends on the product of course). A friend wants to sell me a MacBook at a friendly price, and I ignored it as I always do for this kind of product, but now that I'm starting to selling my product I'm having second thoughts. What are your thoughts about this topic? [link] [comments]  |
| What I've learned from analyzing 211 SaaS founders' interviews. Posted: 10 Sep 2021 03:51 AM PDT I'm sharing some insights from analyzing 211 SaaS founder's interviews, some mistakes to avoid, and what acquisition channels worked best for them. 1.Product hunt Key takeaways:
2.Cold emails Key takeaways:
3.Google Ads(after you get initial money flowing) Key takeaways:
Most common mistakes I've found among the interviews #1 Bad marketing Your posts should not sound very "techy" and not at all simple. Don't use technical terms and concepts that everyday internet don't understand. #2 Not genuine. Don't try to sound smart, markety, techy or selling. At this point you should sound as genuine and simple as possible. Be nice, respond polite and act humble. #3 Giving everything away Everybody says to write this big comment where you explain the idea, benefits, the story and what's next but if you do so, you leave no room for comments. #4 Problem-solving. Specify the problem you are solving. Let your users identify with the core problem and give them the solution #5 Timing is everything You should make sure that you launch as early as possible to get enough votes to make it to the front page. [link] [comments]  |
| Ex-Partner asking for too much Posted: 10 Sep 2021 11:54 AM PDT Background: I was a co founder in a business back in 2013. I left in 2015 as part of a power grab by another founder. At the time I had just over 10% ownership vested in the company and still retain that today. I have asked to be bought out for 10% (negotiable) of market value of the business multiple times but he's unwilling to offer anything close to 10% (try .5%)... So fast forward to now... My ex-business partner is trying to get me to submit background checks and go in to get finger printed (to be entered into a federal database) so that the company can start expanding sales into another state. Any 10%+ owner needs to do this in order to get approval. This is not the first time since leaving the company that he's asked me to do things for free so he can make more money and, ultimately, refuse to give me my fair share. Should I continue to refuse, as I understand that's my right, or is it possible to ask for a paid retainer for my services? I'm willing to do these things, if he buys me out in a timely manner. But if he's not willing to buy me out, maybe I should charge him $10-20K per year as a retainer for my professional services? Does anyone have experience with this type of situation? [link] [comments]  |
| Posted: 10 Sep 2021 09:39 AM PDT Just like any technical founder, I use analytical insights to create and optimize the most important processes in my business. Finding potential customers is definitely one of those and that's why I turned to buying intent data early in the process. Why? A successful campaign will always require 3 things:
Buying intent data helps you nail the 3 of them. It helps you find the right audience because the data tells you the audience is considering a solution for the problem you solve. It helps you craft the right message because you get intel to personalize a compelling email/call. And it helps with timing because you know the potential customer is looking for a solution right now. Having a process to gather insightful buying intent data is what makes entrepreneurs very successful in their approach. Conversion rates double and founders have more insightful discussions with potential customers about how they can help solve their problems. The question is, where do you find this magic data? These are my 6 favorite ways of finding potential customers with high buying intent:
This guide distills, step-by-step, everything you need to know about how you can get data like this and use it to your advantage. [link] [comments]  |
| Have you ever joined a mastermind group? Posted: 10 Sep 2021 08:41 AM PDT A Mastermind is a peer-to-peer mentoring group used to help members solve business problems and receive input and advice from the other group members. The concept was coined in Napolean HIll's Book, Think and Grow Rich. I'm thinking of launching a mastermind. If you've ever been a member of a mastermind group, what are some of your experiences? Did you receive value over the cost of membership? Did your business grow? If you have never been in a mastermind group and consider joining one, what are your expectations? [link] [comments]  |
| How does branding work if I'm buying on Alibaba? Posted: 10 Sep 2021 01:50 PM PDT I have a business plan, but I cant execute it unless I have the product. My questions are, if I buy a product off of Alibaba, do I have to brand it or can I sell it however I bought it? If I wanted to brand a product off Alibaba, how do I go about doing so? How does branding and Alibaba work exactly? [link] [comments]  |
| Do you have to be really good at a trade in order to run a the trade-based business? Posted: 10 Sep 2021 01:43 PM PDT My dad has an autobody shop that I want to take over. The problem is I'm not good at it like my dad is. I know the basics and I'm a hard worker but I don't have much experience with bodywork, just basics. Do I have to be a genius at bodywork to make it successful? [link] [comments]  |
| Entrepreneurs: How to tame/overcome your fear? Posted: 10 Sep 2021 03:59 AM PDT How to tame/overcome your fear? How do you overcome your fears? Fear of uncertainty and unknown. Entrepreneurship is full of unknowns and uncertainty. How do you deal with this? How do you overcome your fears? Any practical advice. Back story: I failed in one of my projects I spent working 1-2 years. Now I am building another project and don't know it will work or not. This time I am better I learned a lot. But want to understand how other entrepreneurs handle these type of situations where you don't know what will happen. Other examples: "You worked for one deal and everything your business/personal life/finances hinges upon this deal." "You work day and night on something and don't know what will happen." Questions:
[link] [comments]  |
| Posted: 10 Sep 2021 09:32 AM PDT Peace and blessings Hustlers of the world! What are your thought on private personal training,nutrition coaching,etc? It's a field I've been passionate about for a few years and decided to get certified and start my own model. Thanks for the feedback. Have a good day getting money! [link] [comments]  |
| 3 Lessons from an Indian Startup Founder Posted: 10 Sep 2021 01:07 PM PDT I've got a podcast interviewing business owners, and I recently talked with a guy from India who had some really cool insights about business ownership. Vidit Gandhi owns Flashy Video, a business creating explainer videos for companies. He's been running it for 5 years, and had some great lessons to teach about how to maximize your efforts to not be wasted, and how to build the perfect team so you can work with whatever skill set you have. LESSON 1: DON'T BE STUPID WITH MONEY Bootstrapping is not a new concept. It's the process of starting a company with only your own investment, letting it pay for itself as it grows. But here's the twist that Vidit gave: If you don't have good enough personal finance skills, you DEFINITELY won't have good enough business finance skills. BOOM. DONE. Wisdom in personal finance is a MUST before even CONSIDERING starting your own business. If you have bad finance skills, not only will be be exponentially harder to keep track of the business profits and losses (you know, the whole point of having a business?) But if you are bad at finance now, what makes you think that having more money will magically make you better at finances?? LESSON 2: LEARNING IS EARNING I love the simple quote from Warren Buffet: "The more you learn, the more you'll learn." A wee bit gimmicky, but we didn't get into the business game to be poets. Take programming for example. If you learn Python (which takes a month and a free 4 hour course on YouTube), here's what you can do to make money
Not bad for 1 month of work. And with a few online certifications, you will have the same on-paper mastery as someone with a 4 year degree. That's a 97% decrease in time. LESSON 3: BE A MANAGER This is where the true genius of Vidit comes through. He doesn't have the knowledge of a full-fledged video editor, or script-writer, but what makes him extremely successful is that he uses people who do. This is where a lot of people trip up. They think they have to start off doing everything on their own. "I don't have the networking skills" Vidit found most of his people on Facebook groups, so he leveraged the online community. Now THAT'S online business as it should be "That would cost too much in the beginning" NO IT ISN'T Slap upside the head Freelance work is all about getting paid per project, not being on retainer. There are PLENTY of people that are willing to grow with the company. You just gotta ask. Silly Willy. Vidit used this to make a killer team that makes incredibly professional videos. And as they expand their repertoire, they hire people who are skilled in that area. For example, they wanted to get into 3D animation, so they hired a 3D animator. EASY. At the end of the day, it's what you DO that matters. Leverage yourself and you can find yourself in a scary-good situation. It did for Vidit. If you want to hear the full conversation I had with him, I'd love feedback: https://kite.link/vidit-gandhi [link] [comments]  |
| New Business Name matches anothers? Posted: 10 Sep 2021 01:03 PM PDT I want to go forward with this business idea that I have but I have a question that I can't really find online: my chosen business title is in direct conflict with another's. However, they're located in India whereas I'm in the US. Would it be a problem for me to keep my name or will this bite me in the butt later? For context: this other company works with the same material I do but makes completely different products. I will never want to make their products anyway so there's no competition in that regard. [link] [comments]  |
| OSHA Mask Mandate at 100+ Person Business Posted: 10 Sep 2021 12:42 PM PDT President Biden is making vaccination mandatory for businesses with over 100 people enforced by OSHA. Each violation will cost a $14,000 fine. I've got a business that fluctuates seasonally above 100 employees. We've been down about 25-30 positions in our company due to the pandemic/worker shortage through our busy season. I estimate 1/2 of my workforce is unvaccinated to include my management team. My direct reports that aren't vaccinated all have different personal reasons for not getting vaccinated. We've made it very easy over last 6 months to go get vaccinated to include recovery time off. We've educated, emailed, and have info and data in the employee break areas that inform our staff of the statistics. For the last 16 months we've been stretched thin, and have a times been at a breaking point with staffing. I don't know what we are going to do if this mandate is upheld by the courts. I know we are going to lose many of our key employees if we enforce it. I know we can "test weekly", but we don't know what that will look like or how much it will cost. I understand we can pass that on to the employees, but they can also go to one of our smaller competitors. Anyone else in the same position? What are your thoughts? [link] [comments]  |
| Posted: 10 Sep 2021 12:32 PM PDT I am in a growing town in Indiana. Looking at the idea of opening a shop. I have space of about 2000 SqFt. My background in Ecom. Here are my idea's so far:
[link] [comments]  |
| Looking for partnership to sell nootropics and dietary supplements. Posted: 10 Sep 2021 12:18 PM PDT Hello all, I'm not sure if this is the right place to post this. Please let me know if I need to post this somewhere else 😊! [link] [comments]  |
| Posted: 10 Sep 2021 12:16 PM PDT I know it may not be the most profitable or original idea but I like games and talking about it. I want to make a site like gameinformer or IGN and write articles about new games and reviews for current ones. What is the best way to go about doing this? Should I use squrespace, wordpress or make a site from scratch? Should I use google adsense to monetize or is there something better? I am having a hard time getting started with this so any help would be greatly appreciated. [link] [comments]  |
| The Successful Story of an Entrepreneur. Posted: 10 Sep 2021 03:27 AM PDT Salman Lakhani - CEO of CubixSalman Lakhani is the founder and CEO of Cubix, a full-stack product development company. Born and raised in Karachi, Salman had a keen interest in Computing, a major he would eventually graduate in through the University of Staffordshire. Belonging to a Gujrati family, traditionally known for being business-minded by birth, Salman instinctively knew he was destined to be an entrepreneur. Initially, he held key positions at prominent technology companies in Karachi, but before long, he established Cubix, in 2008. From that point onward, Salman looked to work diligently and patiently with his traditional business sense driving his business. Salman's areas of focus include product strategy, eCommerce, and user experience, and he is skilled in mobile app development. His's journey to serial entrepreneurship is marked pivots and incredible success. But Cubix, his ultimate success, is his primary focus with its physical presence in Florida, Karachi, and Dubai. Where did the idea for Cubix come from? I have been in this industry for the past 20 years. For the first 4 to 5 years, I worked for companies that were primarily in the US. I knew there was a difference between the US market and the Pakistani market. I know the Pakistani culture well, and I had the experience of working with US customers too. Apart from this, there were some other factors too. And so, I was able to come up with a solution for US customers. They are looking for talent, and Pakistan is full of talent. I then proceeded to develop a platform through which we could serve US customers with development services. We started small. What do you mean by family business? Apart from this, I also belong to a business family within the Gujrati community that is known for business; I saw my family members engaged in various types of businesses, often running medium or small-sized businesses. And we Gujratis feel proud that we are engaged in business in one way or another. They may not have been running huge companies, but they always had something going, even if it was small. I have seen my dad doing business. I have seen my grandma doing business. I have seen my mom doing business. So, business is something tha What does your typical day look like and how do you make it productive? There are three things for business and for spending a good productive day: Plan your day, execute that plan, and at the end of the day, examine what you have planned and executed to see whether or not you have achieved your goals.If you plan, you can execute. If you execute without a plan, it's difficult to assess your progress since you'll have nothing to check your progress against. It's these three things. You must make a good plan, and it's not necessary that you fulfill that plan, but you do have to form a plan, preferably in the form of a to-do list. If you achieve your tasks, you can move forward with tomorrow's tasks. If there are tasks remaining from the current day's plan, you can push them forward to tomorrow. Planning is important for me, even for a date. How do you bring ideas to life? Discussion, brainstorming, and execution. You must brainstorm with the people you believe can give your productive advice. Do discuss with all your stakeholders. For me, what is an idea? It's a solution. That's it. There is nothing like an idea, by the way. Being an entrepreneur, I believe that an entrepreneur provides a solution to a problem. And to do this, you need to have good people in your team. You speak to different stakeholders. Brainstorm and do your homework. If you have done your homework right, there will still be a chance of failure, and obviously, there will be a probability of failure. It is great that you are fortunate and you're are successful because of your right decisions, but please do not ever believe that all your decisions will be right. Also, do not take the risk of taking a wrong decision as well, because you are going to learn, one way or another. And that's how we bring things to life; discuss with people, discuss with stakeholders. What's one trend that excites you? I love innovation, by the way. I love the way things are going, and I think that I am very lucky to come into this century because this is an innovation century where things are moving pretty fast, and we are able to take advantage of the latest trends and technologies. One technology that is going to change the course of life is blockchain tech. It will change how our health system work. It will change how our governments work. It's going to change how our economy works. It will change everything, including how the software works. And so I look forward to it. I am not talking about cryptocurrency or anything in particular, but I am talking about everything about the blockchain as a concept. It has been 5 or 6 years now, and I look forward to what it's going to do. And a lot of things are going to change in the next year or two. What is one habit of yours that makes you more productive as an entrepreneur? Never give up. And if you fail at something and have a tendency to pivot your idea and not give up, you're good. I believe these are the two qualities I have. It's not that I have not seen barriers; I have seen them so many times, and I always try to fix my things and pivot the idea from wherever we started. Because, you know, you make plans, you try to execute them, but it's not necessary they will work out the way you want. Because see, the world is changing, we have seen the Covid 19 situation. We never thought of it. So, there are a lot of companies out there, a lot of people have been out of their jobs, the revenues went down, and even countries have their economies in a different shape. We have heard of so many airlines going down. So, if you know how to pivot from this or whatever thing, you can make or take advantage of the situation. This is exactly what we did. Last year, we had a similar situation where we suddenly faced this Covid situation, and what we did is we started pitching fixed-sized projects into outsourced resources. This model attracted a lot of people to invest because they were paying a hell of a lot, and apparently, they were not allowed to open their offices. So their resources had to work remotely anyway. We offered them the same thing at maybe half the price. That's what I see; if you know how to pivot, you can make things better for yourself and the overall industry as well. What advice would you give your younger self? Do anything; sleep more, be confident, and this is a precious time, the times we are living in; tomorrow, you might be busy with a lot of things. Be confident in whatever you are doing, even if you are playing or doing anything, just be confident, play hard, sleep well. Tell us something that's true that almost nobody agrees with you on. There are a lot of things I can give you. In the west, if I am going to say that I am stuck in traffic for hours on Sharah-e-Faisal, Karachi, nobody is going to believe me. Similarly, if in Pakistan, I am going to say that I was in the US, they honored me, they allowed me to speak at the Startup Grind, I didn't see any discrimination being a Pakistani or being a Muslim, they won't believe me. These both are facts\ As an entrepreneur, what is the one thing you do over and over and recommend everyone else do? Hire smart people, hire people smarter than yourself. That's my mantra if you want to get success – number one. And number two, if you are building any product for any business, make sure, and this is how I do this, and this is how it works in the real world. Make sure you make the prototype, build a minimum viable product, an MVP, go to the market, test it, and then you can publish it as a commercial launch or whatever plans there are. That's how I do it. That's how I did it. We are still between the launch of a couple of our products, and we have built our mvp around it. We are going to launch the product in maybe about a month or two. And the whole idea is to launch these products to people, check their feedback, implement them and then go for a commercial launch. That's what I always do, and that's what I recommend to everyone. Also, always hire the best people. If the cost is high, still get the best people around you. They will give you the best advice and take you somewhere. What is one strategy that has helped you grow your business? It's a simple business strategy, and there are two things that I know personally that really matter; building processes, which I did when I was building this company. I am not saying I built micro-processes, but more of the macro processes; the role of the sales team, the marketing team, and the production, the role of the operations, and these things – the macro processes. And once these processes are done, you know how important a process is. A process is very important for me and for building any business. If you can make the right process, the next thing that every CEO or every entrepreneur should have is the ability to motivate and inspire their people. He is not a leader who cannot inspire his people. I am not saying that I am going to inspire the nation or everyone in the company for that matter, but generally, if you can speak and speak from your heart, your message is going to reach where it's supposed to reach. And if you cannot speak, if you cannot talk to your people, then trust me, it will be a very different environment and a very isolated environment. People will think, even if you are taking the right decision for them, they won't believe it, because you have to explain you have to talk, you have to interact, and those are the two things that I have done a lot; making the processes and talking to my people. What is one failure you had as an entrepreneur, and how did you overcome it? If you ask me, it was trust. I trust people, and so, apparently, I trusted few people in my entire professional career, and I believe that happened to be a wrong direction, maybe, and I can tell you one thing more; I still do trust, and I find it easy to trust anyone. That's maybe in my nature, but sometimes too much trust can put you in a bad spot. It happened to me 3 or 4 times. What is one business idea that you're willing to give away to our readers? For any entrepreneur, the simple advice will be to look around yourself, find a problem and see if you can get a solution for that even if you belong to an agriculture family, if you see there are problems like we have in Pakistan, backward areas, villages, that don't have the technology and they don't even have machines for agriculture. You being an entrepreneur seeing these problems, you can come up with a solution. We have seen so many people out there in Pakistan, especially in the Thar area. We have seen that people who are without electricity have started using green technology, with solar panels and whatnot. These are the things that are going to change everything for the entrepreneur himself and the people there too. And if you see any problem around you, try to resolve that. That's all that entrepreneurship is. What is the best $100 you recently spent? What and why? Dinner with my wife. A date that we recently had. What is one piece of software or a web service that helps you be productive? It is basically Gsuite; I can't spend my day without spreadsheets, presentations – the entire Gsuite and Gmail. This is a very integral part of my professional life. And G suite, it is. What is the one book that you recommend our community should read and why? A Brief History of Time, by Stephen Hawking.I read this because of my keen interest in mathematics and physics. This book is for those who wish to explore the mindset of the most prominent men of science and for those who want to discover the questions they ask in their quest for answers. This book will not disappoint you. What is your favorite quote? My favorite quote is from APJ Abdul Kalam: "A dream is not the thing you see in your sleep – it is that thing that doesn't let you sleep." So, I believe in this quote, and I think everyone should put this in front of their table. And this is a statement that has always inspired me. Key Learnings:
[link] [comments]  |
| Selling a skill—how do I transition from teaching online to now teaching it offline? Posted: 10 Sep 2021 11:51 AM PDT Or how do I sell it independent of websites that aren't my own? I have absolutely no entrepreneurial knowledge whatsoever so forgive the naïveté. I have been teaching English online as a way to supplement my income. I was an English teacher prior to middle school students (just one year was enough) and decided to do this passively. At first I was just doing it because I could but now I am realising that I have a relatively high return rate. For example, I have had about 750 sessions with 500 of them being regulars. So approximately 2/3 students I meet want me to be their English teacher. I have been getting requests for a lot of lessons lately and I'd like to possibly move this business from these websites they've been booking me from to something independently. The biggest reason for this is due to the fees that these websites charge but also I'd like to start doing group sessions. I'm moving soon and will have the space in my apartment to possibly hold classes at home too. I am just at a loss as to where i can advertise this service but also how do i go about even doing this. I have to also keep in mind the process of getting new clients as I can't really tell existing students about my move due to it being against the companies policy. Help me! [link] [comments]  |
| What to learn to support my CTO? Posted: 10 Sep 2021 07:48 AM PDT As of today I'm now working full time on my startup app. We have a CTO who is handling our tech and implementation side and I don't have any intention or expectation to learn enough to work on development myself. What I would like to do though is learn some basic skills so that I can be more conversant with him, understand the difficulty of certain requests and how and why some things will take longer, as well as understand how to extract data about our users. He has built our app primarily using Java. So does anyone have advice on what I should spend some time learning to facilitate our working relationship. Thanks in advance! [link] [comments]  |
| Why you should not do your research online Posted: 10 Sep 2021 06:28 AM PDT The title is quite controversial but I just want to share my observations and experience with doing tons of user research over the last year. I've been doing it for over 50 founders, and that's what I see: we tend to fully trust data that we collect online. However, if you start building a product based on conclusions you've made solely on studying online groups you might end up pursuing a totally wrong path. Here's how it happened to me. I have actually 2 absolutely different examples to share. First case study - parents of picky eating kidsI received a request to do user research for a mobile app that will calculate daily consumption of nutritions for a child, compare it to the standards and let a parent know should they panic or not. It might also offer some ways out (ex, make your child eat 1 slice of apple). I share it because it was not deployed eventually. A founder wanted research based on online groups. That's what I did: I located 4 Facebook groups that were dealing with the topic. I managed to find a couple of subreddits too. It was not easy, because a simple search doesn't yield any relevant results, but luckily there are already tools that help with searching subs (not naming anyone here:) I went over Twitter — nothing there. Next step: I manually went through all these groups and took randomly 200 posts (50 from each). I tagged every post, what was it about, and placed it on the graph to see what were the most pressing pain points people were talking about (I used the same approach when launching new items on Amazon several years ago, and it worked wonders for me). Second case studyIt's about me:) While doing research here and on Facebook, I found out that many early-stage startup founders were complaining about how hard it was to get great early hires. I used to hire a lot while running a content marketing agency. Sometimes it went good, sometimes bad, finally, I came up with a framework that worked for me. Then I built a distributed team of freelancers, was hired numerous times as a product manager and a marketer on several early-stage projects. I've seen it from both sides, so to speak. And I felt like I had something to share. The takeaway: even if you think you know enough about your future customers by sitting in the groups they hang out — don't trust your guts:) Talk to real people. Ask them the right questions to find out if they even have the problem you're going to solve and if they consider this problem to be important and urgent enough to pay for the solution. [link] [comments]  |
| You are subscribed to email updates from Entrepreneur. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment