Many developers aspire to create their own companies and become entrepreneurs. What are the most important things that people should pay attention to?
Perhaps a side project of yours is about to receive some funding? Or maybe you’re just tired of working for someone else, you have this great idea and want to see it through… No matter the reason, you’re going from being a developer to an entrepreneur. Great! Now what? Well, I’m not gonna lie to you, there’s a lot of pitfalls out there, but if you can cut through the crap (that’s right I said it), and stay focused on your goals, you might just have a chance…
Figure out where you shine: “Figure out where your talents lie as an entrepreneur and then either hire in…hire people who do the job you cannot do…you have to realize where you suck…the biggest mistake people make is they assume they can do everything better than everybody else: that’s silly. You won’t be able to grow your business if you try and do every job out there.”
Be very careful with your money: “The lifeblood of any business is cash; how much cash you have. As long as you cash in the bank (and not your own cash -the company’s cash – don’t put all your money into it and wind up bankrupt and destitute in three years), as long as the company has cash, you’re in business.”
Be ready to pivot: “You might have to change your business model/change your product depending on what the market tells you; you have to be responsive to the market. So get ready to put out your idea and then you might have to shift and change accordingly…”
There’s so much more to get into and we do touch on it. Also, shameless plug: we offer a business course called “The Complete Entrepreneur”,(links below) and it’s worth it but you do you. Start off by watching this video and let’s take it from there. Enjoy!
PS- stay to the end of the video to watch me be an Entre…plant…eur. Sorry.
Some of you may be scoffing at the title saying, “Great, man…another DUH kernel from the popcorn bag of life…” To which I would say, that’s the worst metaphor I’ve heard in a long time; please leave writing to the writers 🙂
But seriously, if you’ve never been the victim of this, consider yourself lucky. And if you have, then you both can consider this a little reminder.
This is a super short little vlog/editorial just reminding you that the struggle is real and it almost happened to me with a friend of mine. Don’t worry, I’m fine but you should really check out this vlog. Bottom line: Be extremely careful when going into business with friends or family. I honestly avoid it where I can because it can potentially ruin the dynamic you have with them. …So on that note, enjoy the vlog…? The next one will be a little more uplifting…kinda.
There’s a lot of hype surrounding blockchain. But before you start signing up for blockchain 101 consider this…
Cryptocurrency. Bitcoin. Blockchain… These words have garnered their fair share of both esteem and infamy. But are we really talking about when we use these words? What’s the correlation and (let’s be honest with ourselves), how can we use it to make money?!
Well, let’s take Blockchain. Essentially it’s just a database, albeit an ingenious and very popular one right now, that regularly updates -and continually reconciles- all information stored on it (files, spreadsheets, etc.) in real time (for lack of a better word). Two users (or more likely two million users) can be messing around – editing and changing information at the same time- with no loss or corruption of data. Which makes it ideal for keeping track of and implementing Cryptocurrencies like BitCoin.
And just like any new and interesting thing on the market that can be implemented in ways that potentially save or make millions of dollars , there are classes and courses sprouting up everywhere offering education and certification in Blockchain – makes sense right? Should you drop everything and learn Blockchain? Not necessarily…
To be clear, we are not taking anything away from Blockchain, it is an amazing database that has and will have some incredible applications. We just think you should consider all your options. And as for cryptocurrencies like BitCoin, we have some insight and friendly advice into that too. But that’s another post… in fact, this one…right here…
Chasing Tech Trends and Cryptocurrency Fraudsters.
You’ve heard the stories, no doubt; a friend of a friend, or maybe even your cousin (yeah, that one…) bought Bitcoin for pennies a couple of years ago and now they’re rich…like stupid rich… Then you turn on the TV and you see a bunch of twenty-somethings who took all the money, in what little savings they had, and just threw it at the bitcoin machine and BAM! Millionaires. Financial Companies on TV, newspapers or even YOUTUBE channels are recommending anywhere from a gentle toe-dipping to a full on swan-dive into the Crypto-Ocean…the CryptOcean? Or maybe riding the Cryto…CURRENT…cy? Okay, THAT was the last one, for real!
Of course, we all want to make money. We all want to be that person who had the insight, the investment know-how, that “gut-feeling” that paid off big time in the face of all the doubters and nay-sayers! Unfortunately, there are others out there that are literally “banking” on just that. In this video we want to touch on the possible pitfalls of chasing trends and the fraudsters that are waiting to take advantage of those who “get caught up in the nerd hype”.
Now just a quick heads up, we are not putting down cryptocurrencies, Cryptoinvestments or Blockchain, they are amazing databases, decentralized banking opportunities, etc… We just want to give you a little advice from our perspective. And it’s only a perspective, legally speaking, of course… We do not mean to give you financial advise or investment advice, let’s leave that to more qualified people, shall we?
I started my first company when I was 18, with no money and no connections. I was able to reach financial independence after a YUGE amount of trial and error. This course will help you avoid common mistakes, and reach your goals in a fraction of the time.
The 3 elements of business success:
There are 3 basic skillsets you need, to be a successful entrepreneur:
Core business skills
Money management and financial skills
If you understand and follow these lessons, it’s almost guaranteed you will achieve a level of success that will probably surprise your friends, pets and family members.
Lessons come in video and mp3 format, so you can learn the way you want. I’ve also included a PDF outline of the lessons. Watch or listen to chapters in any order. The lessons follow the following structure for fast learning:
The details and story behind the lesson
Action plan (when it makes sense) – how to use the lesson in the real world
The categories of business
10 business ideas
How to pick your business
Finding your niche
How most rich people get rich
Bootstrapped business vs raising money
Stef’s Top 3 Business Truths
Partners or no partners?
Working at home vs working at an office
Hiring people to work for you
Buying equipment for your business
Developing business workflows to increase profits and reduce headaches