Hi There. Great question. Learning through doing is ALWAYS going to be a better option. If you have a business or product concept or idea, go for it! Don’t wait. Experience is going to be a great teacher. Also, you can prepare WHILE you execute your business idea. Check out Business Model Canvas...
1. No one can predict the future. So just let it rip. Try this thought exercise: what's the ABSOLUTE WORST THING that could happen? If your app spectacularly fails, then what? Chances are it's not much: you're out the time you invested, and maybe a little embarrassed, but life goes on and you try...
Mark is wrong. I personally know of a handful of companies in that exact same situation and most importantly that have good traction and the cap table NEVER came up once, and each of these companies have raised in excess of $1m in seed funding from great investors this year. Especially if your ...
Remember having a friend in a similar situation. This was my advice in that moment: -Make a list of the top 50 clients you had in the consulting firm, choose those which you had a close relationship and can actually talk about you (not fake it) -Call them and ask them if they believe you did a ...
I'd avoid the cold email. The best way to get inside big companies like distributors is to "social engineer" a connection to someone there. Find a 2nd or 3rd degree connection on LinkedIn. Hang out at a restaurant near their HQ and look for people with the right badge on. Ask your potential a...
I'm not a .COM purist. In fact I own quite a few .ME domains and have sold half a dozen of them or so. However, building a business or brand on a non-.COM extension like .ME requires some additional analysis. It's impossible to advise you on which name / domain to choose in the absence of the ...
Hi, Yes, this is something that is fairly common. Calculation: in order to calculate the % you should give, you need to understand how much is due to the designer for all their work, and how much your projected profits will be in the first 6 months/year. Then, you offer a % which should give th...
This is a complex question. Consider a 200 page book sold 2x ways... 1) Amazon: One time sale price of $20 - 30%. 2) Split 200 pages (at an average 200 words/page) split into 200 blog posts which generate profit/hour using either digital marketing + email marketing + direct mail marketing. Le...