You can move quicker by finding something similar and then modifying that template for time period, market size, geography, experience and skills.
Then you have an MVP to build
A thread about building a company from scratch:
Building a startup and then attempting to scale is like designing then building a car that will need to eventually fly, even become a rocket ship.
You need to spend time sketching the initial design of the vehicle. 1/n
You can move quicker by finding something similar and then modifying that template for time period, market size, geography, experience and skills.
Then you have an MVP to build
Now your likely investors include your family, maybe a friend or two who believe in your vision and mission while sharing the same values.
That is fuel to move the car forward
You also won’t get enough fuel for the entire journey. You have to be willing to take a risk and start the journey anyway believing that you will secure more fuel along the way.
Along the way you secure more fuel from friends and family who start to like your progress
Jim Collins says to find the right people and figure out the seats later (Built To Last/Good To Great).
Right people?
Crucial lesson for most businesses.
You will likely change direction or route in order to reach the ultimate destination. Enjoy the journey...and don’t run out of fuel!
They didn’t want to pay for you to figure it out but now you have traction and can begin to scale. MicroVCs can also step in here.
Growth always happens exponentially, if the market size exists and the team has built something scalable. Not every business needs to be a billion dollar business though.
Choose your size and protect your fuel
You bring in experienced team members who are committed to the cause and trust them.
Read more about leadership, management, financial planning, strategic planning. Basically, do an MBA crash course.
It’s not a tiny makeshift car anymore.
Most can’t fuel themselves and fall back to the ground. Choose wisely
Be smart. Here are 16 Common Mistakes To Avoid
#Business
Every tech entrepreneur should read it. Most entrepreneurs would benefit from it too #BusinessBook
https://t.co/ur1y31SKYo
More from Startup
Every single time I set foot in every store/restaurant/place of business in Latin America. Only if they are not completely ignoring me from jump. Or following me bc obviously I came to carry out my plans to rob a store that is approximately 2 sq ft. big.
The part that’s also relevant is I’m oftentimes viewed as respectable-negro adjacent in the dominant culture imaginary. So what of those who are never identified as such? I always think about that. I get surveyed & harassed bad...yet and still there’s levels to the profiling.
When I have to do errands in Panama City, I make sure to apply makeup, perfume, an outfit with cleavage, or booty emphasis, heels and an “expensive” purse. There are STARK differences in the service and treatment I get when I do this vs. when I don’t. STARK. Pero, *STARK.*
LatinAmerica is psychotic in identifying who has money and who doesn’t based on how they are dressed, and how they imagine, carrying themselves. An “elegantly dressed” Black person will face less violence on an errand-run versus one who isn’t. This isn’t absolute so sit down plis
And then the times when I am dressed super-revealing. All of the help and care in the world from male workers. The same white mestizo men who would ordinarily follow me to “prevent theft” are happily helping me find things. Again, race, color, gender, class and more.
That \u201chere\u2019s a White customer, they\u2019re automatically more important\u2014despite the fact neither have you spent money yet so I can\u2019t even claim a paying customer is more important than a browsing customer\u2014so lemme interrupt helping you to go to them\u201d thing just happened to me again.
— \U0001f183\U0001f181\U0001f184\U0001f173\U0001f188 (@thetrudz) January 8, 2021
The part that’s also relevant is I’m oftentimes viewed as respectable-negro adjacent in the dominant culture imaginary. So what of those who are never identified as such? I always think about that. I get surveyed & harassed bad...yet and still there’s levels to the profiling.
When I have to do errands in Panama City, I make sure to apply makeup, perfume, an outfit with cleavage, or booty emphasis, heels and an “expensive” purse. There are STARK differences in the service and treatment I get when I do this vs. when I don’t. STARK. Pero, *STARK.*
LatinAmerica is psychotic in identifying who has money and who doesn’t based on how they are dressed, and how they imagine, carrying themselves. An “elegantly dressed” Black person will face less violence on an errand-run versus one who isn’t. This isn’t absolute so sit down plis
And then the times when I am dressed super-revealing. All of the help and care in the world from male workers. The same white mestizo men who would ordinarily follow me to “prevent theft” are happily helping me find things. Again, race, color, gender, class and more.
Today's thread is on the affiliate business model. Many years ago, I used to be an affiliate marketer. If there is any way to get schooled in marketing, becoming an affiliate marketer is probably the best way.
What is affiliate marketing and why should you care?
Read on >>
1) Affiliate marketing is selling products or generating leads on behalf of other companies and getting paid a commission for those products.
2) Some notable examples you've seen before:
NerdWallet - you read their articles on best credit cards. You click on a link to one of those cards. You fill out an application. They get paid for delivering that lead to the cc company.
3) In https://t.co/kSfWS69ybp - same thing. Any of their financial products -- you fill out an application, and https://t.co/mCrBT43mOj gets paid for that.
But the affiliate revenue model applies beyond financial services products.
4) Wirecutter -- you see a neat product they review or talk about. You click through and buy.
Wirecutter gets a cut of that transaction.
What is affiliate marketing and why should you care?
Read on >>
1) Affiliate marketing is selling products or generating leads on behalf of other companies and getting paid a commission for those products.
2) Some notable examples you've seen before:
NerdWallet - you read their articles on best credit cards. You click on a link to one of those cards. You fill out an application. They get paid for delivering that lead to the cc company.
3) In https://t.co/kSfWS69ybp - same thing. Any of their financial products -- you fill out an application, and https://t.co/mCrBT43mOj gets paid for that.
But the affiliate revenue model applies beyond financial services products.
4) Wirecutter -- you see a neat product they review or talk about. You click through and buy.
Wirecutter gets a cut of that transaction.
16 Excellent websites I discovered in 2022 ( that are extremely useful ) :
1. Scribe How
Screen recording extension that instantly converts any process into a guide.
93% less time spent documenting and sharing processes
🔗 https://t.co/dk5fk7zxmz
2. Writesonic
Your writing AI assistant.
The only AI writer in the world that can help you write SEO-optimized, long-form (up to 1500 words) blog posts, and articles in 15 seconds.
Explore Chatsonic - Like ChatGPT but with superpowers.
🔗 https://t.co/j8GX4jn07Q
3. Dotcomkings
Free resources to find gigs, side hustles, and platforms that can help you start a small business and make money online.
🔗 https://t.co/ceKDtabBBE
4. Quillbot
Using cutting-edge AI, QuillBot's paraphrasing tool assists millions of people in rewriting and improving any sentence, paragraph, or article.
🔗 https://t.co/MlKEgJYSvu
1. Scribe How
Screen recording extension that instantly converts any process into a guide.
93% less time spent documenting and sharing processes
🔗 https://t.co/dk5fk7zxmz
2. Writesonic
Your writing AI assistant.
The only AI writer in the world that can help you write SEO-optimized, long-form (up to 1500 words) blog posts, and articles in 15 seconds.
Explore Chatsonic - Like ChatGPT but with superpowers.
🔗 https://t.co/j8GX4jn07Q
3. Dotcomkings
Free resources to find gigs, side hustles, and platforms that can help you start a small business and make money online.
🔗 https://t.co/ceKDtabBBE
4. Quillbot
Using cutting-edge AI, QuillBot's paraphrasing tool assists millions of people in rewriting and improving any sentence, paragraph, or article.
🔗 https://t.co/MlKEgJYSvu
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BREAKING: @CommonsCMS @DamianCollins just released previously sealed #Six4Three @Facebook documents:
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x
Some random interesting tidbits:
1) Zuck approves shutting down platform API access for Twitter's when Vine is released #competition
2) Facebook engineered ways to access user's call history w/o alerting users:
Team considered access to call history considered 'high PR risk' but 'growth team will charge ahead'. @Facebook created upgrade path to access data w/o subjecting users to Android permissions dialogue.
3) The above also confirms @kashhill and other's suspicion that call history was used to improve PYMK (People You May Know) suggestions and newsfeed rankings.
4) Docs also shed more light into @dseetharaman's story on @Facebook monitoring users' @Onavo VPN activity to determine what competitors to mimic or acquire in 2013.
https://t.co/PwiRIL3v9x