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This lively RSAnimate, adapted from Dan Pink’s talk at the RSA, illustrates the hidden truths behind what really motivates us at home and in the workplace.
Opening my own business was one of the most exciting and challenging things I have ever done. But I didn’t just wake up one day and say “I’m going to start my own business”. I thought it through and the whole process was very calculated.
Here are 4 key thoughts I had before taking the plunge.
Educate yourself in business: I spent many hours studying successful businesses, completed the AICD company directors course. I also had sufficient experience working for my previous employer as an office manager and Director.
One of the most challenging things of any start-up is developing a strong relationship with other founding members. Often arguments regarding equity force the company to change focus; even before the company is making any money.
Joel Spolsky, co-founder and CEO of Stack Exchange, posted a great answer to the question of how to allocate ownerhsip fairly. You can find the full Q&A here. Joel’s post is reprinted below.
The following is a great post by Chris Savage, co-founder and CEO of Wistia. You can read more of his thoughts at savagethoughts.com.
10 Ideas For Those Critical Early Startup Sales
Closing your initial sales at a startup is one of the most challenging parts of building a company. Many startups die before they ever close a deal.
Unless you’re entering a well established market there will be uncertainty with your product, approach, and timing until you have enough customers to prove that you have a good business model.
If you’re an early stage venture capitalist or angel investor there is no time like the present to declare a bubble, say valuations are out of control and predict the demise of the tech industry in the very near future. Since they’re in the business of buying low and selling high, any angle that suggests that the buy price should be even lower sounds great to them.
