I asked 102 entrepreneurs: Which software do you use to document your ideas, progress, plan your next moves, describe your product, marketing strategy, etc.? What do you think the majority said? Word. Word is a piece of heaven. There isn’t and hasn’t been a cleaner...
This post is a snapshot from the 2+ hours Bootstrap a Startup program presentations. We usually hear statistics about how often startups fail to build a scalable product when the highest failure rates, in my opinion, are way earlier than that. It’s the failure to take...
Designed by Freepik Interesting insights about brands' visual identity from our partner, Logojoy. The idea of a business brand has become increasingly important as businesses are able to interact with their customers on so many different platforms. A brand is...
Designed by Freepik Assume the story of Facebook in The Social Network is as much as you know about startups. What’s next? Spend 3 months learning the basics It takes a lot more than 3 months to connect the dots about a subject you’ve never been exposed to...
Designed by Freepik Tell me if this sounds familiar: Airbnb has an interesting concept, I think if I build an Airbnb for Y, maybe I won’t reach their $31 billion valuation but with just half that, I’m going to be well off. Oh god, I can do the same with...
Designed by Freepik This is a guest post by Peter Benei from KissPatent. For businesses, especially startup businesses, innovation is the “watchword.” Not only do patents keep your ideas safe from other users for a considerable period of time, but patents...
Designed by Freepik Luck plays a role. It sure does. I have met entrepreneurs who, out of nowhere, receive an acquisition offer 6 months after launch of their beta version just because it turns out that what they’re working on is in line with a bigger company’s short...
We thought Google is the best at getting the most trusted and shared answers so we wanted to check with it first. This is Google’s top answers: SAAVY APPLICO Fueled Clutch We went back to Google and asked: With some research, we found: What’s going on here?...
Designed by Freepik ..doesn’t it piss you off that it is taking others with 5% your knowledge and experience 95% less time and effort to accomplish what you poured, or plan to, blood, sweat and tears to reach in a lifetime career? It is unbelievable, literally,...
For many, founding a startup is a dream come true and it should. It’s about controlling our own destiny, making an economic impact,
Why can’t most startup founders get to serve even 1 user/customer? Why don’t most founders pass the idea stage? Why are most founders anxious, depressed, exhausted and giving up? Why is it that working too hard doesn’t necessarily
According to research findings by Fundable, less than one percent of startup founders get funded by angel and venture capital investors. The numbers are a lot lower for venture capital funding, 0.05% as compared to 0.91 by an
I have long been a proponent of venture bootstrapping. I still am. Some of its benefits include control, caution, customer focus, responsibility and freedom. The irony is that for each one of those benefits there are downsides.
Heroic is how I describe working 95 hours a week. Yes, some time in the summer, I was spending that much time on work related tasks. Crazy, no? I never planned to commit that many hours,
If there’s one common thing among current and potentially successful entrepreneurs, it’s a dedication to accomplishing written and well defined goals. In other words, the best way to identify a future success story is by asking,
Sometimes we chase ideas thinking that we are solving problems. That’s not what building startups is really about. A startup idea is one that has a product and not a market. It’s when ideas precede problems and those are usually bound
According to a study by techcrunch team, 33% of founders who are mentored by successful entrepreneurs went to become top performers. Startup founders are 3 times more likely to reach an exit of at least $100 million
For some, bootstrapping is a choice. For others, it is the only option. Either way, you will never be the only one in the scene. Competitors, direct or indirect,
Less than 1% of startups receive the angel/seed funding they need. A number that only shows the scarcity of resources entrepreneurs compete for. Back in the days
Sometimes I ask, did I close all those deals because my solution was viable and truly benefited customers or did they just sympathize with me because I was a student and they related the passion they saw in me with theirs few
Less than 1% of startups receive the angel/seed funding they need. A number that only shows the scarcity of resources entrepreneurs compete for. Back in the days, before the dotcom bubble burst, startups used to raise millions
Define your hypotheses, interview potential buyers, build a minimum viable product and take it from there. Sounds familiar? What if I told you there is an earlier, as important and powerful, stage that can help you in customer
Advances in technology directly contributed to the rise of the freelance/independent contracting work. With few clicks, employers can today access a pool of skills globally. A mix of direct employees and contractors
One of the questions I am sure many entrepreneurs ask is, when do we start marketing our product? If I may guess, answers are in the range of, let’s build a decent product first then we’ll focus..
Not every growing and profitable startup is innovative. Startups can replicate, upgrade, repurpose and/or build innovative solutions. For those who are looking to
Interns are not for use. When interests are aligned and with a fair compensation, a team of ambitious interns can have a tangible impact on your startup. Interns, on the other hand,
Building a startup part-time is like raising a baby whenever time permits. You feel the guilt and discomfort from the lack of proper time allocation to this equally as important responsibility
It was about 6 years ago when I stood in a booth at an idea event for literally 6 straight hours filled with energy, enthusiasm and excitement. I made sure that every passing person is aware of what we offer. 200 sign
We’ve all been there. Some of us are currently there. It’s about those down days and sometimes months filled with pessimism, discourage and need for change. It was only last month when a group of young entrepreneurs called
An experiment is a test to demonstrate a known fact. In a startup context, more specifically at the initiation stage, it is meant to simulate the product, measure user behavior and get real feedback.
I assume no one wants to have regrets later in their career about things they wished they had done or started earlier. Fear is so powerful that it is often the main reason behind
It’s fun coming up with ideas. You know what’s not as fun? Everything else. Validation, recruiting, product development, customer acquisition, iteration, scalability, etc.
Rarely do we find a featured new startup news about a team replicating, repurposing, or upgrading an existing solution. The innovators are those who grab most of the attention,
For the sake of the example, your name is Mark. You're talking to a friend, let’s call him Steve, he says, “I’ve been looking for a reliable nurse for my daughter for over a month but I don’t seem to find the right person”.
There is no doubt that turning an idea into a profitable and scalable venture is a dream come true for many passionate entrepreneurs out there. So what can possibly stop a person from living a dream?