Marketing can be very costly, but is necessary in order to promote your business and generate sales. Since you have already come a long way to start your company in the first place, it’s important that you find creative ways to market your business without breaking the bank. Here are some useful ideas to get you started: Donate your product: identify some …
Many entrepreneurs start their companies thinking that they will easily secure investment money from outsiders who automatically believe in their ideas. The fact of the matter is that this could not be further from the truth. According to data Entrepreneur Magazine, using data from Fundable (available here: https://www.entrepreneur.com/article/230011) fewer than 1% of all companies will raise money from Angel Investors, …
Non-lawyer entrepreneurs seem to panic when they need to file a legal document or deal with anything legal. A lot of the filings and paperwork that early stage startups need to deal with are not all that complicated. The truth is, you don’t need to be lawyer to file most legal paperwork, especially at the early stage. Granted, it makes …
Big Data is all the rage right now. In fact, being a data scientist was recently named one of the sexist jobs of the 21st century by the Harvard Business Review. I’d say a good chunk of the angel investment community here in Miami has invested in a Big Data startup at some point in their investment careers. You can …
LinkedIn is my preferred tool as an entrepreneur. It surprises me that individuals in my age group (early-to-mid 20s) rarely rely on LinkedIn. It is my go-to site where I can learn about the experiences and qualifications of those in my industry, seek out those who I would like to connect-to in the near future, and finally connect further with …
I get crazy looks when people find out that I’m both a law student and an entrepreneur. It’s perhaps the most stressful thing I’ve done to date. Balancing the demands of my J.D. curriculum with the demands of starting a business is quite the challenge. You wonder sometimes why someone would put themselves through such madness. However, being a student …
Outsourcing your development team abroad can provide many benefits to an early stage startup. Co-founders can develop a product, test the market, and place it in the hands of users before investing in significant amount of funds in domestic development. Several of the investors and consultants I’ve spoken to find that it’s totally normal and common for a startup to …
The number one question we hear at The Launch Pad has to be “Is my idea worth pursuing?”. This question, in one way or another, is a thought that every founder has had for their business. It makes sense that an aspiring entrepreneur would want to hear a yes or no answer from someone experienced in their field, but no one …
It’s crucial that startup founders become knowledgeable of the industry and market they aim to succeed in. Demonstrating that you are well-versed and well-read in such topics proves your credibility to lead your company. Plus, answering any questions after a pitch or demo will be a breeze if you have done the necessary homework. With that being said, I have …
We’ve all heard it before… “The world is filled with two types of people.” Dog people or cat people, vanilla people or chocolate people, Apple® people or Android® people (let’s just admit that Blackberry® people are too small to measure). As it turns out, entrepreneurs can also be classified as two types of people: replicative entrepreneurs, and innovative entrepreneurs. The …
