Community

ArticleHow Much Should I Budget For An MVP?

How Much Should I Budget For An MVP?

App development is not a straightforward process, despite how much "process" developers add to the equation. There are basically 3 things that are never working in our favor:

First, the idea is in our head, not in the developers head, so the translation is a huge, time consuming challenge.

Second, we're building an app that has never existed before, so we don't actually know how people are going to use it or what features are required.

And last, we're assuming that our developer is capable of completing a working app. All of these are giant issues that should give us pause (and keep our cash in the bank for a minute!).

Focus on Milestones

We have to think about building an app in stages — not the whole enchilada all at once. To do that, w...



ArticleDoes Having a Diverse Team Really Matter?

Does Having a Diverse Team Really Matter?

When it comes to building a startup, you are who you hire. Not only do the people you bring onto your team determine the direction and destiny of your product; they also shape what it will be like to come to work every day. So as you get started on the process of “who” your startup is going to be, we want to make sure you’re thinking about something major: team diversity.

What is team diversity?

Team diversity refers to differences between members of startup team. Those differences can include demographic differences (like age, race, sex, ethnicity), personality (extrovert, introvert, and differing Myers-Briggs types) and functional (as in skill sets, like engineering, design, copywriting, and marketing).

Types of diversity

When we think a...



ArticleThe Secrets to Crafting an Irresistible Elevator Pitch (With Examples)

The Secrets to Crafting an Irresistible Elevator Pitch (With Examples)

What is an elevator pitch?

Stop us if you’ve heard this one before: a Founder and a VC walk into an elevator…

In all seriousness, if you’ve spent any time swimming in the startup waters, you’re probably familiar with the idea of the elevator pitch. But in case you missed that day in Founder School, the scenario is this:

Say you got in an elevator, and standing in that elevator was the one person that could make or break your business. You have the length of that elevator ride to convince this person to get on board. And no, the electricity can’t suddenly cut out and leave you with a couple of hours to fill instead of a handful of seconds.

Well — What the @#*! do you say?

We’ll get to that.

Why are elevator pitches important?

There’s a reas...



ArticleGetting Hacked: What to Know and How to Recover

Getting Hacked: What to Know and How to Recover

Unfortunately, my site (SujanPatel.com) was hacked again, but I’m happy to report that everything is back up and running – no data lost and no personal information compromised.

I wish I could say that this was the first time somebody messed with my site, but what I’ve come to learn is that getting hacked is part of the price of admission for running on WordPress.

Don’t get me wrong – I love WordPress. The fact that it’s open source and widely adopted means tons of great templates, plugins and add-ons, many of which I use to power this blog. But those same pros turn into cons when you take into consideration the fact that hackers have the same amount of access as you do.

Dealing with the potential for WordPress hacks requires two things – be...



ArticleThe Challenges and Rewards of the Blended Workforce

The Challenges and Rewards of the Blended Workforce

The blended workforce is made up of people who work full-time and part-time, as well as temporary workers, freelancers, and contract workers.

The so-called “gig economy,” or the rise of popularity in freelance work, that took root with the recovery from the 2008 recession and expanded with the advent of the Affordable Care Act is making the blended workforce the workforce of the future and the workforce of today. Around 40 percent of today’s labor force is made up of non-traditionally working people, including freelancers (sometimes referred to as agile talent, 1099s, consultants, contractors, etc.), temporary workers, and self-employed workers.

As with any labor force, the blended workforce offers advantages and disadvant...



ArticleDo Founders Need to be Good Managers?

Do Founders Need to be Good Managers?

Being a Founder doesn't imply one is a good manager. It just means we were around when the company was formed!

Sometimes Founders do grow into great managers — and sometimes they were great managers already. But the real question is: "Do Founders need to be good managers?"

Ideally, yes. But it's not a requirement.

We can fake it for a minute

In the formative years, when we only have a small team, we can usually get by without being great managers.

That's because the team is still small, and mostly operates in a flat "team" structure without a lot of management to be had. That's also why Founders often don't realize they are shitty managers until later on because they ran for so long in an unmanaged structure.

Eventually, though, it catch...



ArticleShow, Don’t Tell: The Future of Résumés

Show, Don’t Tell: The Future of Résumés

Trying to recruit an extraordinary business developer to get more sales? Or maybe a top-notch developer to create an app that will make you millions? Regardless of who you are seeking, the rules of recruiting have changed.

Essential supplies include:

  • A helmet
  • Military-level strategies and tactics
  • A whole lot of tenacity

It is a war zone. I am not trying to discourage you. Rather, I’m trying to prepare you – to find the very best candidate that will propel your business to the next level and contribute positively to the culture that you’ve worked so hard to create. Not necessarily an MBA, but even “hungry creative kids that want to step up,” says Jason Khan.

Possible hazards you might encounter in the field include:

  • Stacks of secretly key...


Article5 Factors to Estimate How Much Your Mobile App Idea Will Cost

5 Factors to Estimate How Much Your Mobile App Idea Will Cost

Over the past six years, Applico has built over 300 apps, and I’ve learned a lot about how to find the perfect app developer at the right price. The primary driver of price is the cost of labor. For example, hiring offshore developers will be exponentially cheaper than hiring domestic developers, and an established firm will cost you more than a freelance hire.

Because there are so many different variables, the price for a mobile app could range anywhere from $5,000 to $500,000. The average price range will typically be somewhere between $100,000 and $300,000, and the entire development process takes about 12-20 weeks. It’s obviously a hefty investment, both in time and money. So in order to optimize your financial resources, here are the f...



Article

When to Raise Funds

One of the most common questions we get asked is, "Should I raise capital for my business?" _What they’re really asking is, “Can you tell me how to raise money and where to find it?”_

And our stock answer is simply "No".

That tends to mess with people — because they typically aren’t expecting pushback. But the reality is that there are actually very few reasons that a startup absolutely has to raise capital. Every startup could use it. But does every startup absolutely have to raise?

Nope.

Having answered this question about a billion times, it seemed like the right time to list what the decision tree for startup Founders should be when determining they must raise capital so we can distinguish the difference between "I need it" and "I have...



ArticleHow Do I Get People to Take Me Seriously?

How Do I Get People to Take Me Seriously?

Getting taken seriously as a Founder is real work.

It's not some entitlement that's handed to us when we've achieved some career milestone. No matter who we are, we all have to fight for our ability to get taken seriously.

Why do I need to work so hard, shouldn't people reserve judgment?

That would be fantastic, but the world just doesn't work that way. Especially among Founders whose credibility is tested on so many fronts — from acquiring customers, to pitching investors to hiring staff.

Our ability to establish our credibility early and often is critical to our success from the moment we found the company.

How can I change the way I present myself in a room?

Believe it or not, body language sends huge signals.

A well-presented Founder ...



Copyright © 2020 Startups.com LLC. All rights reserved.