The only expertise you need is not the industry-specific one. It is expertise in your customer. The startup game is all about knowing your customer, understanding their needs and wants, and making sure you are in sync with what they want. You are the result and consequence of this relationship. To get your first customer, you need to be able to identify their pain points. Pain points are the specific issues or problems they're currently facing that your business could help them with. If...

As we are going to a new age in the economy, we are moving towards different choices and different models. Young entrepreneurs are faced with new choices, new opportunities new challenges. Here are 5 major options to go through: 1. Employment at a major company, startup, multinational. 2. Talent Career 3. Financial trading [NEED TO LEARN] 4. E-commerce shop 5. Startup Check the guides on www.startupkudos.com IG: @ramialame

Your best friend, spouse, or family member is the least likely candidate, so don’t start there. Take a hard look at your own business strengths and weaknesses, and write down what partner skills and experiences would best complement yours. Seek input from seasoned investors and peers. No matter how equal you all are, there is only room for one at the top to make the final decision on hard issues. Especially when everything feels good today, don’t be hesitant to ask the hard questions of each...

" Startups are very counterintuitive. I'm not sure why. Maybe it's just because knowledge about them hasn't permeated our culture yet. But whatever the reason, starting a startup is a task where you can't always trust your instincts. It's like skiing in that way. When you first try skiing and you want to slow down, your instinct is to lean back. But if you lean back on skis you fly down the hill out of control. So part of learning to ski is learning to suppress that impulse. Eventually, you...

The Entrepreneurship Mindset is all about 3 main traits 1. Adaptation 2. Listening 3. Creativity in Organization An entrepreneurial mindset is a set of skills that enable people to identify and make the most of opportunities, overcome and learn from setbacks, and succeed in a variety of settings. It’s not a big idea alone that paves the path to ultimate entrepreneurial success. Oftentimes the success or failure of a business comes down to the characteristics of the entrepreneur...

So, this is important because, obviously, you should know what state your business is in at all times. So, setting the right KPIs and goals will objectively tell you if you're doing well, just okay, or bad. So, nothing keeps you more grounded, humbled, and realistic about where you are than a bunch of numbers because if you interpret those numbers correctly, they don't lie. It'll also actually act as a feedback mechanism for whether your current strategy like user acquisition, launching new...

So let me go through an example. Let's say I'm a founder of a SaaS software, generic SaaS software company. My goal for the next week and I just kind of launched and my goal for the next week is just to get five new paying customers. So here's just a sliver of things I can do to reach that goal. At the top, you'll see that the most impactful thing I can do is go to the offices of 10 potential customers who were actually insured to me by friends or whoever, and I know that if I show up at the...

I know you have a lot on your plate in starting this company, but what you need to do doesn't take a whole lot of time. For the most part, it's just some conversations with your co-founder. And so I came up with a list of six things that you can do now to help you or to help the likelihood of you building a strong and coherent culture. First one, be proud of the problem you're solving. Kind of seems silly to say, but you need to, right? If you don't have the problem yourself, you need to...

A vision is crucial for your business it has many facets, many variables, and can impact on so many levels in your business. What is the Vision for Tesla? To Accelerate the world's shift to sustainable energy Why? 1. It was an entry point to the market especially in California and the Tesla Roadster was an amazing social message that people bought to show their willingness to move to sustainable energy. 2. It is a magnet to attract the specific people you want to attract 3. It is the...

What is ideation? It is the process of creating ideas to implement. This is the Most F..... up Concept out there, because there is no standalone ideation. An idea starts with a problem, with a concept with a “pain”. This pain is what will take you forward and what will make you generate these crazy ideas and crazy concepts that can turn into solutions. A lot of people ask me how do we start? How do we get an idea? And my answer always is: You can create many ideas but the Billion Dollar idea...

If you are feeling the pressure of being an entrepreneur, this episode is for you. Yes, there is no urge to be an entrepreneur or to be a startup founder. With the new disruptions, more and more companies are changing their cultures, the way they do things and are adopting more and more the startup vibe. You think you can work less. ...? You work more You think you can work whenever you want. ... No you work all the time You're not willing to financially cut back. ... You will cut...

I have added content related to the United States but these concepts apply wherever around the world relative to the laws in place. Read the concepts and PLEASE understand this is in NO WAY LEGAL CONSULTATION. Moonlighting is a term used to refer to holding a second job outside of normal working hours. According to the U.S. Department of Labor, about 7 to 8 million Americans -- about 5+ percent of all workers -- work multiple jobs moonlighting while working for a private employer is governed...

When employed what do you do to start your business? You do not leave your job before having: 1. identified the pain 2. Started the ideation process [Check the guide available on www.startupkudos.com]. 3. Do surveys with family & friends 4. Prepare your pitch deck Once all of this is done, add them on google drive and add a list of investors, incubators, partners you want to contact. Prepare a financial forecast for your funds to last you for at least 8 months after you leave your job...

The Startup Kudos became an initiative aimed at sharing content, guides, ideas, tricks, and news related to Startups from around the world. It is a community of founders, entrepreneurs, and innovators sharing and interacting. On startupkudos.com you can find guides, books, and material to help you start, grow and scale your business. On Youtube https://www.youtube.com/channel/UCNQ99egUh7y3iAFkQNC51MQ you can find videos, news, tips for startups. The Akylles Program is the program that helps...