I'd suggest doing three things to narrow down the field: 1.Try to sketch the business model for the startup idea http://businessmodelgeneration.com/canvas 2.Get good at doing quick and dirty market sizing of opportunities 3.Check if you are passionate enough about the idea to potentially spend...
I built Canada's first (and one of the world's first) crowdfunding websites that attracted over 115,000 members without any paid customer acquisition and distributed over $3m to charities so I can certainly attest to the fact that sites that focus on creating positive outcomes are attractive to m...
The list would depend on your business, audience and overall problem you are solving. Many people focus on the tools, then create process around them and only after that do they pursue an audience. This equation per se is wrong. The "secret sauce" if you want to call it that way is in your abil...
Develop a good sense of who these type of users are... you might find that they congregate on Twitter - therefore you should focus on building a good following there. Maybe your demographic doesn't use social media in which case you have find them in person and find the common places of where o...
This can be tricky. Generally I recommend paying commissions on revenue-generation events only. The reason being, if it is free to generate a lead then it makes it really easy to take advantage of the system. That being said, there are some ways to go about it. Calculate (you should already h...
No. There is no way to build a billion dollar business without a management team. The founding team of a startup is a very significant part of the evaluation of any early-stage investor. Furthermore, regardless of the business of the app, there are critical business decisions and actions requi...
As a web designer, online visibility is incredibly important when it comes to branding globally. Depending on your business, a lot of your global business goals can be achieved by setting up an online business. You should register domains in the countries you'd like to market to, such as the US...
It worries me when I hear a (budding?) entrepreneur use words like "reliable" and "consistent" and "income". Entrepreneurs know there are no such guarantees on the road to potential success. As well your statement "may take time" also indicates that it's just a matter of time. In many (dare I ev...
Yes, every once in a while the planets align. Some questions to consider: Is there a significant other contributing cash flow to the home budget? Is there a nest egg? 401K or other instrument that can be cashed in if [and only if] all else fails? Define startup? Is it bricks & mortar? High ov...
Failure is a wrong concept, best to think about attempts as stamina builders that narrow the possibility of failure