Tag Archives: startup

9 Ways to Introduce New Ideas into Your Business

Episode 312 | 9 Ways to Introduce New Ideas into Your Business
Date: 2016-11-01
Link: Startups for the Rest of Us
 
Startups for the Rest of UsWhen focusing on getting the next person to use your product you need to figure out if you are talking to the right people or if you need to build another feature that they need.
It is hard to sit down and read for a couple of hours every day.
Books will broaden your understanding of a specific topic.
Books contain dated information. For more recent turn to podcasts.
Just in time learning.
With podcasts you can really niche down.
Mentoring helps you think through problems you wouldn’t have thought through before.
Do self-study and blog about the experience.

A Startup Acquisition Story

Episode 298 | A Startup Acquisition Story
Date: 2016-07-19
Link: Startups for the Rest of Us
 
Startups for the Rest of UsIf you want to launch a new product then launch something that leverages your existing customer base with something that is complementary to them or more valuable to them down the road.
Strategic acquisitions tend to have a much higher purchase price than financial (acquisitions).
With acquisitions there are no standards.
In the end both sides accept some type of risk.
(An acquisition) is extremely stressful.
Transparency can bite you in the butt. It can bring in competition who can easily replicate what you are doing. It can result in you not raising funding. It can impact acquisitions.
Book: Built to Sell
There are ways to stay lean and keep moving fast.
Your funding valuation is probably going to higher than your acquisition valuation.

How to Mentally & Technically Prepare For Your Launch (With Guest Derrick Reimer)

Episode 274 | How to Mentally & Technically Prepare For Your Launch (With Guest Derrick Reimer)
Date: 2016-02-02
Link: Startups for the Rest of Us
 
Startups for the Rest of UsYou feel like you have a lot more time than you actually do.
If you are launching a major new feature then sit down and try to think about how this feature affects other features in the app, onboarding, and other flows that already exist.
Get features in front of customers early on.
It makes customers happier when they can figure things out on their own and when things are intuitive.
If you are putting it off then maybe just set a deadline in public. It can force you to make some tough calls in the end.
Stress doesn’t go away when you launch.

Company Identity, Using Accountability Emails, and SaaS Project Management

Episode 273 | Company Identity, Using Accountability Emails, and SaaS Project Management
Date: 2016-01-26
Link: Startups for the Rest of Us
 
Startups for the Rest of UsPeople remember what you do–not who you are.
Figure out what the other person is going to be interested in.
Always opt for platform-as-a-service at the start.
All deadlines are going to go out the window and all price estimates are going to go out the window.
Digmydata.com

What is the One Metric That Matters?

Episode 260 | What is the One Metric That Matters?
Date: 2015-10-27
Link: Startups for the Rest of Us
 
Startups for the Rest of UsTracking one metric encourages focus.
If you look at too many metrics is just becomes noise.
If you are pre-launch the a good metric is how many email addresses you can get on your list.
You want to be identifying metrics for a very specific reason.
If you don’t have a timeframe then it is a vanity metric that is worthless for the business.
If you are able to compare (the metric) to other time periods then that is when it becomes meaningful.
The metric has to change your behaviour.

“Though We’ve Hit Over 100k MRR in Less Than a Year, I Still Feel Like an Outsider”

TMBA309: “Though We’ve Hit Over 100k MRR in Less Than a Year, I Still Feel Like an Outsider”
Date: 2015-11-05
Link: Tropical MBA
 
Tropical MBAAlways find ways to make the business more interesting to you.
Make work that you really love and is really interesting.
The strength of the founder ends up being the weakness of the company. The founder doesn’t make it a priority to externalize that skillset.
Face to face meetings (Google Hangouts) are really important when you are working remotely.
Goals (for a company) create a lot of anxiety in people.
Do things in your industry that other people aren’t doing.

Finding Your Competitors’ Customers, Pre-validating a WordPress Plugin, How to Hire a CTO, and More Listener Questions

Episode 249 | Finding Your Competitors’ Customers, Pre-validating a WordPress Plugin, How to Hire a CTO, and More Listener Questions
Date: 2015-08-11
Link: Startups for the Rest of Us
 
Startups for the Rest of UsGo after businesses because they are going to be more likely to pay you than other group.
Having broad appeal is bad early on. You really want a narrow, narrow focus so you can get a small group of people in there that love, love the product. From there you can branch out and go broadly later.
Freemium off the bat upfront is going to hurt more than it will help.
Do not build your own storefront.
Validation is about gathering information.
With a WordPress plugin you cannot validate it until you build a free version.
Ship small, ship often, and ship all the way to production.
If you don’t have product market fit then your trial sign up to paid subscription pipeline is going to be approximately zero.
Once you find a scalable business model you need to execute.

Competition, Transparency and Funding with Baremetrics Founder Josh Pigford

Episode 244 | Competition, Transparency and Funding with Baremetrics Founder Josh Pigford
Date: 2015-07-07
Link: Startups for the Rest of Us
 
Startups for the Rest of Usdemo.baremetrics.com
baremetrics.com/open/
Transparency for transparency’s sake is kind of gimmicky at this point.
Use (transparency) to tell a story.
When you are growing it is easy to get ahead of yourself.
Ignore the hype and start poking around AngelList to find angels who want to help out.
Fundstrapping.
Profitability is the goal.
Build a business rather than slide decks.
Copycats motivation is just to make a quick buck. They won’t be around in a year.

The Tools We Use to Run Our Startups

Episode 243 | The Tools We Use to Run Our Startups
Date: 2015-06-30
Link: Startups for the Rest of Us
 
Startups for the Rest of UsTeam Communication:
Slack
Hipchat
Github
Codetree
Skype
Trello
Workboard
Customer Communication:
Help Scout
Boomerang
Rapportive
Sidekick
Get Drip
Hit Tail
Serpfox
Mox
Hootsuite
Buffer
Infrastructure:
Amazon
Rackspace
Azure
Dreamhost
WP Engine
Wistia
Sprout Video
Pingdom
New Relic
Money:
Stripe
Paypal
Zenpayroll
Upwork (Odesk)
Gumroad
Back Office:
Xero
Get Ambassador
Stamps.com
Go Daddy

Startup Accelerators, Working On vs Working In Your Business and Hiring a Developer as a Non-Technical Founder

Episode 242 |Startup Accelerators, Working On vs Working In Your Business and Hiring a Developer as a Non-Technical Founder
Date: 2015-06-23
Link: Startups for the Rest of Us
 
Startups for the Rest of UsIf you don’t want to grow to be a hundred million dollar company then you probably don’t want to be in an accelerator.
Go with a big name (if you are going to do an accelerator).
It is hard to stay motivated and that is when the batch approach of accelerators can be a good thing.
Doing a task that you will never have to do again is working ON your business.
Are you creating a process or doing the process? <- The definition of working on versus working in your business.