One thing leads to another one #12

Investors are fond of saying they’d rather bet on an “A” team with a “B” idea rather than a “B” team with an “A” idea. They know that business models change, technologies evolve, and customer tastes are in a constant state of flux. Those same investors will tell you that most business plans are obsolete the second they come off the printer.

 There’s tremendous value in simply getting started and learning as you go. Accept that the first or first 10 version of whatever you’re selling won’t be perfect. The process of trying, fixing, and trying again is how entrepreneurs figure out what their customers really want and what it will take to deliver against those expectations.

Netflix is an online entertainment company. It began life when CEO Reid Hastings mailed some DVDs to himself to see whether it would actually work. The simple act of doing something triggers a reaction sometimes good, sometimes not so much. But the difference between a dreamer and an entrepreneur is that only one of them takes action. Businesses can’t grow if they never start in the first place. Wish I had more time to continue developing my product, because the more time you give it the better it will become.

My business needs a team #11

The way I look at it is that two brains are better than one. For my business venture I need a partner who is also passionate about my niche and an employee who is going to do the job that I don't want to do because I might not be as good at making graphic-design decisions.

I've had trouble designing my website and choosing what colors to pick according to the subcategory. The one thing I'm trying to avoid is making it overwhelming to navigate or even to look at. So hiring someone to remake my logo, website, and app look more professional is definitely a must. On the other hand, I also need a partner that would bring ideas to the table. There is only so much I can come up with but if I had a different approach or idea on how to move more efficiently then bingo. If I can have an employee and a partner then I would consider that a perfect team. However, the question is how can I afford to have an employee since I haven't generated any revenue from my business yet? This is the only thing that makes me go ummm.

Startup school radio #40

Just because your current business isn’t necessarily technology centric, it doesn’t mean that you can’t adopt new technologies, or even branch out into another business that does focus on technology. Keeping an eye on the trends in technology is your first line of sight into new or additional revenue opportunities, or new ideas and products. This is one of the most important things I have learned from listening to this startup school radio. A lot of businesses nowadays, wouldn't even exist if it wasn't for technology and its improvements as it was mentioned in the radio. Adapting to these new technologies is a must in order to succeed in today's world. 

Customers are spending their time online somewhere. The thing is, it could be anywhere. It might be on a specific social media site or just scrolling through a ton of blogs every day. But we all spend time online. Tech trends can help you figure out specifically where your customers are spending their time. They can tell you if a new social media platform has opened that matches your marketing plan perfectly. It can even let them know how you need to connect with your audience: through television, the Internet, a mobile device, or plain old mail.