Founder of StartupSwat.com and Mikaniki.com, failed and learned, passionate about helping startups in areas of the actual implementation of ideas, Operation, Customer Service, Customer acquisition, you get it, the non-tech part.
Not everyone is equipped with all the skills to start and run a business. It takes a lot of trials and errors to implement the idea that you once envisioned.
Here we discuss your startup road map, legal incorporation, insurance, compliance...Everything you need to do and how to get it done in the most efficient manner.
By preparing to fail, you will prepare to succeed, other than the product itself and technical aspects of it, have you thought of for example:
*Who are the most important substitute solutions in your sector?
*Why is this the optimal price for your market?
*How do you advertise your product?
*What are your startup's baseline metrics and indicators?
*How do you create a strong brand image?
*What is your revenue forecast for the next 12 months?
*How do you validate your riskiest assumption?
and many more!
We all know metrics are important. They help report progress and guide our decision-making. Used properly, metrics can provide key insights into our businesses that make the difference between success and failure. But as our capacity to track everything increases, and the tools to do so become easier and more prevalent, the question remains: what is a worthwhile metric to track?
Let me help you identify the correct metrics to track, and introduces you to the right tools and techniques that keep your business on track.
Image source: Blair Harkness
One of the most essential parts of starting is to have a plan for the (hopefully) successful operation of your business, knowing what are your sources of revenue, and what are your costs, identifying your intended customer base, products, and details of financing.
I can help you with this! I can be a sounding board, we can brainstorm and I would love to be the devil's advocate.
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As entrepreneurs, we run risks. We challenge the market system of "best practices". An idea is only as good as its execution.
As Sara Blakely, SPANX founder said “Embrace what you don’t know, especially in the beginning, because what you don’t know can become your greatest asset. It ensures that you will absolutely be doing things different from everybody else."
Running the operation is very different from building a product, many great ideas and sexy products fail because of the lack of operations management and excellence.
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Entrepreneurs often have formidable technical expertise, the key to developing a new product or service, but a great naïveté in management skills. They run into difficulty when their business's annual sales start increasing, or their employee count exceeds 5-10. It’s here that entrepreneurs must shift their thinking from tactical and operational, to strategic and managerial.
This is when you start thinking of communication, planning, delegating and other management aspects that you need to turn your idea into a successful business.
Ask any startup CEO to rank their greatest challenges, and inevitably human resources make the list.
For new ventures, a little preparation can mean the difference between creating a culture of success or becoming completely bogged down by people problems at a time when you can least afford to make mistakes.
Clearly, without a reliable team to help with the other aspects of running a business, the sheer magnitude of the challenges can be overwhelming. And that’s where human resources management comes into play.
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Have you showed investors "whats in it for them?"
A direct answer to your question is not possible as there might be many reasons on why you didnt get a response. Funding is not an easy process and it will take a lot of your time.
* You will need to understand what investors look for and what encourages them to invest.
* How did you demonstrate your idea? how good is your pitch?
* Do you have a business model? a plan?
These are some of the questions that you will need to think about before even approaching investors.
As for you getting help building your product, at this stage may be bringing in a tech co-founder can be a good and cost-effective idea.
Do it! I would love to support in any way possible! Not talking about getting paid for it, I would love to be a part of it. As a single dad for 3 boys, this is something I would like to see grow. Do it!