Monthly Archives: March 2015

Seeking the Full Potential of Education

Title: Seeking the Full Potential of Education
Date: 2014-11-05
Speaker: Jennifer Carolan (New Schools Venture Fund)
Link: Entrepreneurial Thought Leaders
 
Human potential is everywhere.Prioritize impact.
There is no silver bullet for education.
There are four million U.S. teachers. 40% are under the age of 30.
Entrepreneurs are a great pipeline for referrals to companies.
Look closely at the cap table.
The time is now to be building edtech companies.
Opportunity is so important for people.
Human potential is everywhere.

Our 5-Step Process for Answering Emails, Managing Your To Do List and Staying Productive

Episode 218 | Our 5-Step Process for Answering Emails, Managing Your To Do List and Staying Productive
Date: 2015-01-06
Link: Startups for the Rest of Us
 
Startups for the Rest of UsOnly check email once or twice a day.
Turn off all email notifications.
Do it. Delegate It. Delete It.
Quickly distill articles down to actionable items.
Try to get in and out of your inbox as quickly as possible.
Have “A” and “B” to do lists. B list is super low priority.
Work off only one list (the A list).
Everything on your list should be super specific and super actionable.
Aspire for inbox zero but realize it is not always feasible.

Why You Shouldn’t Worry About Competitors

217 | Why You Shouldn’t Worry About Competitors
Date: 2014-12-30
Link: Startups for the Rest of Us
 
Startups for the Rest of UsCompetition isn’t always a good thing particularly in a smaller market.
Be less concerned in general about being seen to be copying others.
Once your product is out there people are inevitably going to copy from you.
What you should be concentrating on is making your product special.
You shouldn’t be afraid about talking about your ideas with people.
Established competitors help to justify the market.
Be more concerned about new competitors. They are the ones who are agile.
Continue to evolve or you’re going to lose market share.
Once you understand who your customers are you have a competitive advantage.
By positioning yourself differently you have an opportunity to compete with established companies.
Your customers should be the ones driving your product roadmap–not your competitors.

Life is Too Short for Bad Software

Title: Life is Too Short for Bad Software
Date: 2014-10-29
Speaker: Lewis Cirne (New Relic)
Link: Entrepreneurial Thought Leaders
 
Every business is a software business. They all need their software to work.You have dreams but you also have doubts.
The very best engineers have an instinct for what people want.
Every business is a software business. They all need their software to work.
The people who build software are really the people who are changing the world in many ways.
Data is fundamental to every business decision.
Life is too short for bad software.
Your most precious asset is your time.
Make a product so easy to use that the customer can see the value without the help of a salesperson.
It is hard for a company to come out with a second act–an idea that is totally new, disruptive, and goes beyond the first idea.
When you are a solo founder it is very lonely.
Work with people that are going to bring out the best in you.
Keep recruiting your people after they come in. Check on them after three months.
You want people to feel valued.

Can Your Mastermind Offer Insurance Against Failure?

TMBA279: Can Your Mastermind Offer Insurance Against Failure?
Date: 2015-01-29
Link: Tropical Talk Radio
 
Tropical MBAMasterminds allow you to put yourself in a setting of people with common goals.
You can’t fail. The embarrassment of showing up having not done what you said you were going to do is always worse that doing what you said.
Good to have people who share your business values (such as bootstrapping vs. raising venture capital).
No more than six people.
Do weekly or biweekly.
Have a hot seat (one person each meeting is focused on).
Ask the high-friction questions (the questions that make people uncomfortable).
Don’t let it turn into a social hour.
Understand how to ask effective questions. (“What are you thinking but not saying?”)
Force people to get clear on their desired outcomes.

How a Single Founder Launched a 7-Figure SaaS App (with Nate Grahek)

Episode 216 | How a Single Founder Launched a 7-Figure SaaS App (with Nate Grahek)
Date: 2014-12-23
Link: Startups for the Rest of Us
 
Startups for the Rest of UsFollow Up Then for inbox zero.
One way or another people need a reason to buy today.
People buy when they have been referred by somebody they trust.
The only time paid advertising works is when you already have a foundation of word-of-mouth referrals happening.
Hire a support rep to have consistent growth.
There is always more features to build.
Focus on sales to keep the lights on.
Don’t focus on the competition. Focus on your own business.
More people error on the side of too much product rather than too much sales.
Just because you are yelling in your corner doesn’t mean anybody is hearing you.
Build relationships with other people.
Find a reason for other people to talk about you.
Bloggers love having something shiny and new to show off.
Focus on really good content.
Early on in your business you want to hire people who are good at a thing rather than a person who is a Jack-of-all-trades.

How to Raise Capital for Your Startup with Bill Glaser

SPI 118 : How to Raise Capital for Your Startup with Bill Glaser
Date: 2014-07-17
Link: Smart Passive Income
 
The more you help people the more you get back in return.
Hope is important because that is how you get people to take action.
When you serve your audience you will get paid back in one way or another.
There is always risks.
If you’re selling a percentage of your business you want to do it in a really fair way that is win-win.
Give your investors the opportunity to have upside.
Give up a percentage you feel comfortable giving up.
Target who the potential investors are.
Start thinking about raising money well before you need to raise money.
Provide value first and then sell.
Advisors can bring a lot of value and they can also become investors.
Start to form relationships with people.
Don’t start a business just because you want to sell it. Start a business because you are passionate about it.