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MenuShould we pay for an SaaS Business Coach or seek Mentors to minimize mistakes?
We are a self funded SaaS Startup. Fantastic learning experience to this point but we need guidance moving forward. Should we pay for a business coach or simply seek out mentors?
Answers
I'd recommend finding a qualified operational advisor and offering some SMALL level of equity to keep all interests aligned, as well as bring further credibility to the business!
I have another great idea. Why don’t you develop your inner coach instead of paying anyone else and getting more confused? Tim Gallwey, a tennis coach, was one of the first people to identify the inner voice and our struggle with it. In his book The Inner Game of Tennis he wrote “Every game is composed of two parts, an outer game and an inner game.” The former being played against opponents in a tennis match and the latter which is played not on the court but within the player’s mind where the main obstacles are anxiety and self-doubt. If you have ever watched the final of a tennis grand slam where often the players are matched both physically and in ability/technique, it is the player who is stronger mentally who will win the game and the tournament.
Part of the problem is that you can become so used to hearing the voice, it becomes so familiar, and your struggle to quieten it or battle it is so ingrained that you cannot imagine being without it.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
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What do you say to people who want to "pick your brain?"
My approach is simple. If it comes from a trusted referal, then I use my free Clarity VIP link and still conduct the call using Clarity. If it comes in cold, and there's no association to a cause, alumni or area of interest, then I just say "I'd love to talk, but I'm heads down with Clarity and other existing commitments - if it's truly urgent and requires my advice, I conduct all these request via Clarity here: http://clarity.fm/danmartell" That works well and sets the expectations. Clay Hebert http://clarity.fm/clayhebert wrote a great post about that here: https://medium.com/@clayhebert/the-new-way-to-say-no-6a7d29282c1dDM
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How can I become an idea person, as a professional title?
One word: Royalties This means you generate the idea and develop it enough to look interesting to a larger company who would be willing to pay you a royalty for your idea. This happens all the time. Rock stars, authors and scientists routinely license their creative ideas to other companies who pay them a royalty. Anyone can do it. Your business, therefore, would be a think tank. You (and your team, if you have one) would consider the world's problems, see what kinds of companies are trying to solve those problems, and then develop compelling solutions that they can license from you. You have to be able to sell your idea and develop a nice presentation, a little market research and an understanding of basic trademark and patent law. The nice thing about doing this is that if you develop enough cool ideas you will have royalties coming in from a lot of different sources, this creates a stable, passive revenue stream that requires little or no work to maintain. Start in your spare time and plan on the process taking 3-5 years. Set a goal to have a few products in the market that provide enough revenue (royalties) to cover your basic living expenses. Then you can quit your day job and dedicate more time and increase the momentum. A good idea business should have dozens, if not hundreds of license contracts generating royalties. It's possible to pull this off. And it is a fun job (I'm speaking from experience).MM
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If I have a business idea for a large company, how can I give it to them and mutually profit, without them just taking the idea and squashing me?
Probably not the answer you're looking for, but companies have so many unimplemented ideas that the likelihood of partnering to implement someone else's idea is really low. And besides which, the idea is not something that has much value in and of itself. If you're passionate in the idea, build it yourself. That's the only way you can have leverage.TW
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I have an idea for a start up, but I don't know how to code, whats the next step?
Hello, If you have time, I suggest that you learn coding yourself. That saves you money but takes a great amount of time to do. And if your interested, I'm a coder myself. You can give me a call and we'll discuss the details of your idea.GS
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