People First Customer Acquisition Expert
Mediums are always evolving. However we are all witnessing more free information and support being given to people. The quality of free information has increased rapidly and many of the products that a market would have paid for last year are now available at no cost. It is also clear that as competition increases there is a deeper need for the "faces" behind info products to also build more credibility. Majority of them are doing this by creating and growing communities on Facebook and building YouTube channels with massive subscriber lists. All of this is created off the back of high quality content.
Techstars-backed Founder & Engineer
Wordpress is widely enough used that you can do almost anything with it! You can manage others sites in terms of cheap hosting and managing their backend; manage Wordpress security; Wordpress specific consulting; create plugins that generate revenue; give talks on Wordpress; the list goes on and on! If you become a Wordpress expert the sky is the limit!
I help you buy, sell, plan, value a business
Hi there, If you spend money with a service provider then your expense is their income. If you claim that your time over the years was an expense that added to the capital cost of your business, then who claimed that amount as income? If you try to do this, then a tax auditor may try to look to make sure you claimed these 'expense' amounts as income in those years. My guess is that you didn't. Capital gains are taxed at lower rates than income. I'm not a CPA or tax attorney. You may want to verify this advice with one: It's likely better to face the capital gains tax then implicate yourself potentially in a problem of undeclared income in prior years. Cheers Dave
Clarity Expert
This is a tricky question for anyone to answer - not due to its brevity, but rather because of how specific this will be to your company and your objectives. Early-stage companies are deeply personal. A good place to start is to figure out just how important the benefits of this accelerator would be for you - and I'd challenge you think about the average case and worst case, like a programmer would. How truly important is ____ (benefit of accelerator) for your company? How invaluable is it for the office space, connections, and referrals they may give you? If it's funding that you need, how much do you have to give up? Accelerators are certainly what you make of it. My personal suggestion would be to have a serious heart-to-heart with your cofounders and team about just how valuable you all think this accelerator will be. Much like Paul Graham says, don't get sidetracked by things that don't matter. There are only a few things that truly matter for your company: - Revenue - Product - Growth/Sales You should be able to objectively answer how the accelerator would be able to concretely help you on these fronts. Focus on the things that matter.
Fulfillment Services
3
Answers
Techstars-backed Founder & Engineer
I would say you have a few options, message me if you want to chat about it in detail.
Social Media Marketing
6
Answers
Techstars-backed Founder & Engineer
It's always better to be great at 1 thing, then average at everything. You can still offer multiple services, but you REALLY want to push 1 as what you are best at. There are a couple factors that go into which one specifically you should choose. Message me if you want to go into more detail.
Branding, Naming, Patent Broker, Negotiation
It's not entirely clear what your situation is, but there are a few possibilities. If you have only a prototype, but the ability (including capital) to manufacture it and you are seeking to be on their shelves, then you'd be dealing with the appropriate category buyer. But your odds are quite low. Why is your product better than others on the shelf? What kind of price point and sales velocity can be expected? Do you have the capital and capacity to fill an opening order and orders after that (the faster you grow, the more financing you need, because your working capital will never be sufficient based on the pay terms of the vendors). Is your prototype full working and ready for production? Or is it just an idea, because buyers want products to put on the shelves, not ideas that might or might not ever be able to be manufactured. If you are looking to have someone else manufacture your product, then you probably don't want to go to a retailer at all. They sell products. They're not in the manufacturing business. You'd need instead to deal with manufacturers in your product space, but with one whom you don't compete with or where your idea would advance the state of the art. Then there are question as to whether you have an IP protection or whether you product is fundamentally different than others in the same space. Hence, you perhaps need to be talking either to pharma companies like Merck or to medical device companies like Medtronic (depending, of course, on what your product does). There may be other possibilities. But there's not enough information in your question to be more specific. Should you have any specific questions, message me to request a call and we can get into this in more detail. Steve
Techstars-backed Founder & Engineer
You can try to sell to companies in the space, or angel investors looking to add an asset to an existing startup. If you have data that shows your platform works then it will go well. If not it's still possible, just a bit harder... let me know if you want to chat in more detail about it
Strategic thinker and communicator, author
Is it possible the two bank folks are saying the same thing about you and your singular focus on the application? That you don’t have the same depth of understanding on what it takes to make money? Diverse skillsets on a team will occasionally lead to operational disconnects because everyone brings a unique expertise to the venture. But if you’re working toward the same broad goal (not just monetary and not just the deliverable) those diverse skillsets should complement each other. Or if they don’t, you know what holes you need to fill. Before you bolt, I would suggest that the four of you sit down and work through some basic vision and mission work. Not the overwrought touchy-feely kind, but the discussions that align you all in terms of where you want the company to go, what it needs to get there and the roles you each can play in that success. Good luck and let me know if you need more assistance.
Strategic Planning
4
Answers
8 figure EXIT in 18m, DID NOT raise capital
Great question! I've said it before and I'll say it again: Asia is growth and you cannot afford to not have an Asia growth strategy, regardless of the size of your company. I've been based here in Singapore for nearly 5 years and have observed how Singapore's leaders have worked hard to position Singapore as the regional hub in many industries, thus having a Singapore footprint is one the crucial steps in any company's strategy. Footprint can be anything from setting up a subsidiary company or finding the right type of local partner. The region presents tremendous opportunities but also offers a few challenges such as the diversity of its cultures and customs. Working with someone that knows the region and also has an international background is key. Having travelled the region (Vietnam, Malaysia, Thailand, Indonesia, Brunei, etc.) extensively and built a solid and trustworthy network, I'd be more than glad to support your expansion into the region. Do engage me here on the platform and provide me with more details about your business and what goals you'd like to achieve. In the meantime I encourage you to visit http://Singapore.fyi.to/InsightsfromtheInside where you can download a very special book on occasion of the SG50 celebrations where the Singapore International Federation partnered 50 individuals from around the world who have lived, visited, studied or worked in Singapore to share their stories about what makes Singapore tick, Singaporean idiosyncrasies, the surprises they found, and their involvements and contributions to the local community. My essay "What is There Not to Love about Singapore?" can be found on page 146.
I help you buy, sell, plan, value a business
Hi there. I work with people around the world to help them buy and sell businesses. I've been involved in the re-sale of dozens of franchises. I would recommend you read my 2015 book Franchise Warnings. It contains a section on business valuation where I compare an independent business vs. a franchise. Available on Amazon or at www.FranchiseWarnings.com My 2016 book; How To Sell My Own Business, also gives an insight on how small businesses are valued. I also have links to over 85 videos on buying and selling businesses at www.HowToSellMyOwnBusiness.com (book is also on Amazon.) Should you want to discuss your particular case, simply arrange a call. If you want to move to an actual valuation, I'd be happy to help. There is more info at the above-mentioned website. Cheers. dave
Techstars-backed Founder & Engineer
Your question seems a bit too general to give a good answer without anymore context. If you are talking about skills for a specific job or industry, then following and talking with industry experts is enough. If you are talking about trends to help with your own business, then obviously it depends on what your business is :) Either way message me if you would like to chat in more detail on this.
Inventory Management
1
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Techstars-backed Founder & Engineer
I may be able to help you. Send me a message.
Looking for ideas & projects that change the world
Having worked in a large non-profit, I'd need to know whether your product aligns with the mission and the goal priorities of our organization (the first hurdle). You might be surprised to know that non-profits get approached about being involved in a lot of things. Whether something is "free" or not, it still requires mission alignment, and staff time to consider and act on. If I was hooked on it's ability to support the mission/our goals, I'd then need to evaluate the time to implement and upkeep (the second hurdle). The primary question in this setting is "Can we take action on it today without any additional cost and minimal staff time?" Effective non-profits are very mindful of scope creep. They want their staff to be working toward their respective goals as much as possible since the general public evaluates their effectiveness on money spent on programs/overhead. Hope this helps you tailor your outreach!
Unique Insights, Creative Solutions
The answer comes down to: 1) Is your idea good enough: What you can offer that your competitors can't? 2) Is your team good enough: Does your team have the ability and drive to pull off the idea? The answers to those questions are impossible to even start to assess with the information provided. If you'd like to discuss it in further detail, feel free to send me a Dropbox link with some more background information (competitors, description of your idea, links to media, etc.) and I'll take a look at it before a call.
Technical Recruiting
5
Answers
Unique Insights, Creative Solutions
The easiest way would probably be to join a recruiter clack group (e.g. https://weirdlyhub.com/peoplepeople-slack-community-recruiters-hr/) and reach out to people there. You could also do a search on LinkedIn for: 'recruiter', and if you have a particular geographic area you want to focus on just include that in the search too. Reaching out to the people you find on those platforms can be done in a couple different ways, and the best one will depend on what it is you're trying to communicate or ask. If you'd like more specific advice relevant to your particular product or service, feel free to send along further information, best, Lee
Unique Insights, Creative Solutions
Lower your expenditures: 1) Move back in with your parents. If that's not an option move into a small place with a bunch of roommates. If that still isn't affordable, move into a tent in the woods, or to a 'cheap' foreign country (Thailand is popular, but there are many other places that could work). 2) If you're staying in the US, look into ways to spend less money on food. Eating only Ramen isn't a great solution because it won't be healthy for long durations. Sprouts (easily grow them yourself in a jar), Quinoa, and other 'super foods' are out there that are cheap but also provide all the nutrition needed to sustain your body. Depending on where you live, you could also potentially trap your own food. You often need a license to use traps, but if you do it, 'snare traps' are the cheapest and easiest to make. It would take time to learn to make them effective though. Get money without a job: 1) Sell your car and buy a bike or skateboard if you need faster-than-walking transportation. Use the money to pay off your car loan debt and a bit of the credit card debt. If you're completely unwilling to sell your car, then you could live in it. Walmart has an official policy to let "camper" vehicles live in their parking lots. Each is allowed to use their own discretion though, so make sure they don't get pissed at you for having a dirty living area, and move your parking spot around the lot occasionally. 2) Sell all your clothes, furniture, and possessions. Keep at least one change of clothes though, especially undies. 3) You could ask for loans from family and friends, but that's just passing on the debt in a way that's less accountable, so you'd better be extremely sure of yourself: That you have the motivation and drive to pay them entirely back in a reasonable amount of time. Ge money with a job: All that's likely not going to be enough money to pay off your debt, so you'll need a "job" of some sort. I don't know why you don't want a job, but if it's because you don't want to have a boss, then start being your own boss. Do whatever you can: Mow people's lawns, repair things, etc. Final option: If you really can't get a job for whatever reason, look into declaring bankruptcy.
Coaching Top Shelf Humans to Extraordinary Results
Talk to a mortgage specialist and borrow from a private lender, the interest rate will be more then the bank rate, but less then the rates on your unsecured credit.
Techstars-backed Founder & Engineer
There are plenty of US based dev shops that do good work. You can try that. If you are looking for a CTO you should use your network. There will probably be someone looking to do something new.
Tech Entrepreneur and Crypto-investor
The only quantitate criteria for our recruiters in an engineering company is to get s""t done: mainly how long you get the right fit in the position and if those hired people are quality with their meeting milestones. Remember to target quality and not quantity. Hope i gave you something different than other.
Techstars-backed Founder & Engineer
Start by fixing phones! Make a name for yourself as the guy who can fix phones. Fix your own phones, fix them for friends and family for free/discounted rate to start with and you will build a name for yourself.
Expert in location independence/work-life balance.
When I was starting out freelancing, I was also starting in a new city without much of a network at all. I built my network by looking at local meetups, conferences, mixers, and pretty much anything else I could find where people would show up who were either A) doing the kind of work I do, or B) were the kinds of people I wanted to work with. I volunteered to give small sessions to help other people in my industry, which established me as a perceived authority. This led to referrals from people in the industry who were overbooked or had a lead they weren't sure how to handle. I met as many people in my target client group as I could, helping for free (with advice and ideas only) in person, connecting them to other freelancers when it was appropriate, and generally being nice and helpful. This led to word-of-mouth referrals. One note: this is a slower way to start. However, once I built momentum (this took me maybe a year, and I was working a full-time job in addition to networking), it's NEVER slowed down. I have never advertised or marketed myself, and I'm nearly always booked enough that I have to turn clients away. The agency I built and sold using this method is still referral-only and profitable, even after two years of new ownership. Running ad campaigns can be effective, but it requires constant money and attention. Building a strong network requires a lot of upfront effort, but costs little and becomes less time-consuming as you become more successful. I'm happy to talk more on this if you want to work on a specific action plan. Hit me up for a call and we'll hammer something out.
The King of Closing™
Hourly rate is the worst way to charge for your expertise. That's an employee mentality. Charge per project and charge for outcome. People don't care what the hourly rate, they want to know if I pay you X, you're going to deliver the Y results I am looking for.
Techstars-backed Founder & Engineer
A good way to find devs that most probably haven't tried is Stackoverflow. Look for devs that have answered a lot of MacOS app related questions. Let me know if you want to chat more about this and other ways.
Ecommerce and Email Marketing Expert.
I will recommend you to use EasySendy, Vero or AutoPilot. You should know anyway than sending emails is expensive and that should be considerate in your costs.