10 docs tagged with "startup"

The acceleration of rockets takes a propeller, and the acceleration of startups take the similar. There are two propellers: 1. Listen to the customer. 2. fast execution. How to achieve these two? Here is the answer from Suhail Doshi.

How to grow a business after the initial establishment?

If you want to manage money in a better way, what you need is more understanding of your financial status. Beancount.io is such a tool that assists you by recording your financial transactions in text files and visualizing them into financial statements.

There are many metrics to measure the quality of a product: the number of active users, profit, transaction volume, retention rate, and more. To ensure better product development, it is essential to focus on the following metrics: improve retention rate, as high retention means high valuation; assess weekly growth rate, maintaining its level will lead to exponential growth; prioritize iteration speed. When it comes to metrics, we must approach them correctly.

To make successful slides for the seed-round fundraising, first, start with your title and slogan. Then, bring up your problem on the next pages. The problem should be followed by your solution and explanations. At last, don’t forget to say what you need from the investors.

How should startups set up a CRM? Identify the decision points in customer conversion, analyze the conversion funnel, and differentiate treatment for users. How should startups choose a CRM? A simple comparison of some CRM software.

What aspects should startups pay attention to in order to grow faster and better?

Four main reasons why smart people have bad ideas: bad ideas are products of intuition; bad ideas prioritize being impressive over making money; bad ideas yield to fear of competition; bad ideas are too superficial. Therefore, smart people must clearly understand user needs and conduct user research to unleash endless potential and truly do smart things.

Why startups have to innovate? Anna Karenina principle answers this question. Each successful company earns a monopoly by solving a unique problem whereas all failed are the same. If a startup does not innovate but copy from the market leader, people will not buy it.

All successful companies are different: each successful company gains a monopoly in a field by solving a specific problem. All failed companies are the same: they did not escape market competition. If a startup merely imitates the products and services of industry leaders without innovation and targets the same market, people will not buy into it.