Neville's Financial Blog

Noah and I answer some questions people have about Startup bid-naz’s.  Some of the questions:

• “I’m trying to start a company….what are the TOOLS I need?”
• “I work 18 hours a day on my startup, and I still haven’t made money.  Am I doing something wrong?”
• “When should I QUIT a project I’m working on?”
• “Do I need a webpage, a Facebook page AND a Twitter for my business??”
• “What do you think of Startup Weekends (where everyone gets together and builds a business in a weekend)?”
• “Where can you find ideas for businesses?”

Noah & Neville answer answer some user questions such as:

-Carrying out an idea. Do you just jump right into every idea you have and start building it, or do research first?

-How do I know if a business can be profitable? Noah shows his quick-n-ghetto cost-analysis formula.

-Do I need venture capital or outside funding for my business?

-Building version 1-point-O of your idea before rolling out something fancy.

-How do you advertise a service (based on Noah’s experience at Mint.com)

-How to find the right customers that actually fork up lotsa money

-How long does it take to be profitable?

-AppSumo cost $60 to build….how did you do that?
(watch our Outsourcing video for that)

-Do you need partners to start a biz? How did AppSumo do it?

-A rapid-fire-re-cap of all the questions (at the end)

Noah & Neville talk about outsourcing:

Questions we answer:

• WHAT to outsource
• HOW to outsource
• Examples of what we’ve outsourced
• How to make sure you tell them exactly what you want
• Where to find outsourcing peeps
• How to test an outsourcer
• Horror stories, good stories
• Indians vs. Romanians vs. Americans vs. Filipinos

Link to the example in the video:
http://www.nevblog.com/outsourcing-lesson-examples/

Appsumo.com