A 21-year-old, who is passionate about Entrepreneurship, Business Psychology, Digital Culture, Graphic Design, Web Development and last but not least IT-Security.

The art of bootstrapping - Part 1

Comments

davidperel:

adii:

Just some inspiration.

 

Make a living doing what you love.

As an entrepreneur you have to be crazy and genius at the same time.

Comments

Seth's Blog: The modern business plan

Comments

The Most Important Foundations for Successful Web-Apps

Many emerging web applications fail in spite of good developers and large marketing campaigns. But why is that and what makes successful web-app startups? I wrote down the most important foundations for new and successful web applications.


The most important foundations for successful web-apps:

  1. The product must be useful and simple: Then users will love it and talk about it. Word-of-mouth is extremely valuable and effective. Even if it may not replace traditional web marketing completely. You have to love and use your own product, otherwise you will fail.
  2. Early business model to generate income: The business model should be defined clearly from the beginning. If the product is really good, users are willing to pay for it. It is much harder to monetize the product afterwards.
  3. User feedback and testing: Design and development are processes, and who dares wins. Release more, pay attention to user feedback, test a lot (A/B and UX-Tests) and continuously improve the product on that basis. However, it is important to ensure that you do not add unnecessary features, that complicate your web-app too much.
  4. Be patient: The famous overnight success is extremely rare. Slow but steady growth for your web-app is better than a huge hype, which flattens out after a short time. Such hype would also show that your web-app has no benefit for the user in the long run.

If you have more basic tips, I will gladly include them.

    Comments
    When you are starting up or as you form strategies and plans to grow your startup, you need to think about an exit strategy. Will you establish a lifestyle business that generates income without plans of selling it in the future, or will you build equity in a business that you will convert into cash? Depending on your goal, the business you choose and the way you decide to grow it should be aligned with the end-game objectives. The common exit strategies are; sale, mergers, IPO, buyout or liquidation of assets.
    ~ Bhopu.com: Exit Strategies for Startups
    Comments
    Smart entrepreneurs must learn to sift between the many ideas that are always bouncing through their brain and the true gems of genius which gleam with genuine opportunity.
    […]
    Many entrepreneurs have brilliant ideas, but then fail to turn them into golden opportunities. Taking the time to properly evaluate a new idea, then shape it into something valuable, might not just be a terrific opportunity, it could very well lead to the chance of a lifetime.
    ~ YoungEntrepreneur.com: Great Entrepreneurs Know the Difference Between Idea and Opportunity
    Comments

    The Future of Publishing

    Comments