1. Despite good/bad sales, keep confidence, keep innovating, keep moving forward. Patent stuff that can't possibly work with current tech, then hammer the competition to keep innovation across the sectory down
2. Quality over quantity. Produce high quality software/hardware, that will earn reputation and fans. Then restrict what it can do so that when you do give your customers what they need, you can tell them it is a good thing
3. Look at the long run, not the short run. If you want to live in the market, you might want to consider making an image of yourself that everyone likes. Form a monopoly and charge exorbitant fees for allowing people to sell stuff they have written on the only channel you allow. Don't allow people to use videos/music they paid for on software other than your own. Keep techno-idiot media-types on side so they think you are the bee-knees
These are just the tip of the Iceberg and much of it has been going on for decades. Despite all of this there are hoardes of these fanbois defending almost every action I describe above. I can only ascribe this to some form of Stockholm Syndrome[^]. Sorry, but I forgot, they look so prurrrrty.
I think both Pathachiever and Keith Barrow are right. Its really nice to see entirely different aspects of present giants. In my view, Apple has developed a product that make him proud, and he thinks no one is going to dare to develop such product (like iPhone). But here comes the samsung that really kick ass every thing both with price and features. I think we should expect some behavior from apple after that and it did exactly what Keith Barrow has told above. Apple really paid the price for that as his shares drop from $700 to $500+ in just few months.
The Bottom line is: Open source will always win in today's world and monopoly will loose at last.
I'm 100% with you on the open source. In the very recent year, a lot of open source projects have dominated and major companies like Microsoft, Google are open sourcing many of their technologies as well.
I'm looking for some feedback on a web service I recently joined as a team member. We're a platform for publishing and discovering source-code (mainly premium / commercial but also free). We recently opened a game development category and have some components published there already.
What do you think about this concept? would you be interested in purchasing commercial packages if it could save you serious time & money or improve your performance?
Would appreciate any feedback you guys have (good or bad). Thanks!
Given the abundance of useful free stuff on the net and the availability of commercial libraries sold directly or through companies that have been selling software components for nearly three decades (e.g. programmer's paradise), I doubt that your business model stands a chance. On top of that, people who want money for their software would be reluctant to sell their source code, out of fear of it acquiring a life of its own (for example, in the shape of a competing closed-source product).
Street fashion is a term used to describe fashion that is considered to have emerged not from studios, but from the grassroots. Street fashion is generally associated with youth culture, and is most often seen in major urban centers. Japanese street fashion sustains multiple simultaneous highly diverse fashion movements at any given time. Mainstream fashion often appropriates street fashion trends as influences. Most major youth subcultures have had an associated street fashion.http://www.streetfashion.co.za[^]
Well I am no Business guy but, I think you should find out what people need .. like what problem people face using internet or software or mobiles or watever and then find a solution to that problem. Develop a gud solution a gud product and then concentrate on marketing ur gud work...
and then hope that it clicks!..
Hei..., nice to meet you.
That is a very good question. Why not? I am not capable of making software and I only know little about web development. One of my website is about rattan and wicker furniture. It's not a software..., but I can get money from it. I made the website and I am paid for that. Everything starts from small to get bigger and bigger. By the way..., what kind of software can you make? Just remember that you know it that google was made in garage!
I love rattan and wicker furniture. Using it can help this very old earth to stay green.
After you have answered the 'Why am I going in to business' questions, consulted the lawyer, appointed the accountant and all the other pre-implementation i dotting and t crossing, you're going to realise you need money. Lots of it. Quickly. That means customers and/or a financier.
Startups are tricky - having no track record, bank managers look to statistics to see who to lend money to. They have lots of experience, and will look at how much collateral you have, levels of debt, what your business plan says, who your target market is, what your budgets will be, and to a degree, how quickly you can start repaying them.
It is possible to create a business, without recourse to a bank (loans and overdraght and revolving credit and wot not)
It's in some ways harder - raising the capital yourself, and will require a good marketing apparatus. Also if you go this route - you will also need an even better sales apparatus. Look up Direct Response Advertising, and look toward talking to a wordsmith, or other sales consultant. If you're new to business, you may have to learn the hard way, the difference between branding, and selling. Are telemarketing campaigns legal, fax, flyers, etc in your area. No one will buy from you if they don't know you exist.
That said, those 'services' the banks offer are candy with a horrible side effect - they expect you to pay for the money you spend, and they can at their whim choose to make life difficult.
So, talk to people that are self employed - regadless of the field they are in. You will get a better perspective about business, in general. Those you talk to in your own industry have their own interests to protect, and may not give a balanced view of how to create a business, and the pitfalls.
Also, look up a man called Jim Camp. He writes a book on negotiation - called 'Start with no'
Most importantly - don't rush this decision, and good luck.
First; thanks for your response. I realised after I replied that it wasn't where I wanted it.
Right. For the record, yes, I expressed opions. Without wanting to have this devolve in to an 'I'm right you're wrong' match, everything I said comes directly from my own experience.
I wont ask you to enumerate which points are most disagreeable (well actually in an offline conversation I would - because you have piqued my interest)
Is my comment subjective? Yes.
Is it absolutely correct in this (or any other) situation? Probably not.
Does it express a point of view that speaks to the realities of business? I hope so.
Maybe I can provide some context, though.
My comments were to do with the naievity one has when starting a business.
Specifically I address the fact that businesses need money to pay for every thing they consume. Including the owners time, rewarding the owner for what will be a long, slow, hard grind.
I'm guessing that I will have to go with anecdotes from here on in. Hopefully it'll provide some insight to someone. Making the time spent writing the next few sentences worthwhile. If not, oh well.
I know that when I first started my company, that there was a period where knowing how and when to close a deal - was a mystery. You can't tell me that a person not armed with some sales knowledge is going to survive very long, without some help from somewhere.
No sales means no income. Banks don't extend credit indefinitely. The sooner everyone going in to business understands these realities, then the quicker they can get to setting their sales strategies in motion.
I was once told 'losing a lot of battles does not teach you how to win' so it is with sales. Get some coaching from someone that can sell.
The quicker new business owners can say 'Look I really know my trade; but what is really going to pay the bills are sales' the sooner it will be so.
The OP asked how potential customers were going to become aware of him. Reading between the lines, he needs to focus more on getting the thing he doesn't have right now - customers. How do you generate those? If you answered 'marketing campaign' - think again. It's a sales campaign you need, which creates leads, which you then convert to customers.
Spending 25k on radio advertising on a marketing campaign that makes no effort to convert listeners attention to sales is silly, and dangerous to a start-up. I know. I have done that too. It hurts when it fails. Moreso, when you later learn that you can make sales over the radio - but they'd rather sell 'branding' - a full 12 moth term, with no clearly defined outcomes except that your name will apparently filter in to the consiousness of your target audience - and the radio stations pocket is significantly fattened.
Newspaper ads - can work. Most people, including the people that work for the newspapers designing pretty adverts, can't write one with the sure and certain knowledge that a particular ad will drive sales. A good way to lose ~$800 per month.
These days, when I do advertising, it is in the form of split tests. Send out advertising copy, create a hook by which you can track the results. Thr best performing forms the basis of the next generation. Keep crafting until the response rate improves. I have read the books written by the Direct Response Advertising greats of yester-year. From the likes of Claude Hopkins, and others from that era. And slightly more contemporary authors as well, but they have recycled most of their content - so you might as well go to the horses mouths. They are extremely valueable reading.
In my country, the Yellow Pages are an investment where even my customers tell me it is difficult to make get a break-even on - many are jettisoning that cost. Stung by that one, too, and never will be again. We have a Barter organisation, that places your ad in to their directory - funny how for their services though, they required real world dollars. Chamber of Commerce? in this country, my best description is that it is a rort, obviously, I will not be signing up to it, again.
The list goes on. The business world is often not nice. It is true that you can have a good time, meet good people, form strong relationships with customers and vendors alike. For my part I would never go back to working for a salary. But there are facts that cannot be avoided. Want to stay in business? Learn to sell.
Lessons, lessons, lessons - these are some of the things that I was quite unprepared for. For the first year it felt like every turn was like riding a horse and being struck consistently by low hanging branches. They hurt, and they teach.
Don't like my opinion(s)? Fine - get another one. It is for this reason I advocate talking to every business owner you can. Find out what they think. Sure it is subjective. Sure you'll disagree with possibly a wide swathe of the things they have to say - but every single one of them faces the same challenges that you do/will as another business owner. You might even create some business for yourself.
As I said - take your time before going in to business, and I wish you the best.
Contrary to the seemingly negative comments - I applaud others that to go in to business, I just don't think they should be taken as prey by - well, anyone.
Last Visit: 31-Dec-99 19:00 Last Update: 2-Mar-21 13:18