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Recent content by Jobless

  1. Jobless

    Feedback on virtuel wedding planner?

    IDEA 
    One key with this business is probably to avoid nightmare clients. How detect them early and avoid them before they eat too much of the planner's time and sanity. Maybe that's the planner's problem though? You don't make clear if you're the one selling planning or if you just sell leads to the...
  2. Jobless

    Happy to be here again

    INTRO 
    As you will develop custom solutions, will that lock clients in for the long-term? Because of sunk cost fallacy, or just because switching (off-boarding) will be hard? Or will you write long-term contracts from the get-go? Or do you plan to do one-time fixed cost projects? I ask this because AI...
  3. Jobless

    How do I Find my First 10 Clients as a Student with a Small Social Circle?

    QUESTION 
    Unfortunately, they are not your clients then, but Fiverr's. Think about how you can create influence long-term with a group of people who have needs and money to spend. Students are not great for this, but Cambridge students could be different. Think for example, about what type of companies...
  4. Jobless

    Hiring people to create a product

    IDEA 
    Your budget is what? And the cost is? If the budget is low when hiring, do you think this will attract quality talent? Yes, it's not wise to do something where you risk almost everything for an unknown outcome. Figure out if there is a need first, try to get a pre-order, etc. In general, if...
  5. Jobless

    How do I Find my First 10 Clients as a Student with a Small Social Circle?

    QUESTION 
    Since you already have 50 clients, some of them may want the course (they trust you), secondly, they may know people in their circle who may want it (they can vouch for you). Ask them.
  6. Jobless

    An intro after 2 years of being here

    INTRO 
    Don't develop any software unless you understand the problem it solves. The solution does not need to be elegant but you must be an expert at understanding the problem. Why does the need exist? What difficulties have others encountered, preventing them from a good solution? How many attempts...
  7. Jobless

    Ecommerce business questions

    QUESTION 
    Don't think of e-commerce as a 'business type'. E-commerce is a sales channel. "E-com website" -> It's possible to do e-commerce without a website. It's also possible to do e-commerce without paid advertising, without stock, without a brand, without suppliers, or without shipping anything. "A...
  8. Jobless

    My reddest flag of imminent partnership failure

    Always some headache with having partners. At least he did not steal or destroy. Could have been worse!
  9. Jobless

    What Do You Optimize For?

    MINDSET 
    Great thread. I often go for a walk in the park, when most are commuting to or from work. I can stroll leasuirely and observe my surroundings. I observe people too, and they are not exactly 'present' or 'in the moment'. In large cities this is extremely apparent. It's not a natural social...
  10. Jobless

    Where to learn entrepreneurial stuff especially finance terms? Just finished the chapter in the part 7 of TMF.

    QUESTION 
    When you see a new word, just GOOGLE it. If you're reading a dense text and don't have time to check, write down unfamiliar words and look them up later. For learning the CONCEPTS behind words, you pose a question or stage an experiment, like a scientist would. Asking good questions and...
  11. Jobless

    So You’re an Elite Performer? Maybe, And Maybe Not.

    GOLD! MINDSET 
    Personally I've met only one person 'wired differently' to the point their intellect seemed superhuman to me. Not an athlete or musician, where you realize they have put in decades of training. It was a young academic and child prodigy with photographic memory or some type of extreme...
  12. Jobless

    How I make to-do lists

    IDEA 
    Paul Akers on YouTube is great. Simple LEAN thinking with major impact over time. And it works in any business, not just manufacturing like Fastcap. 'Fix what bugs you.'
  13. Jobless

    Seeking Honest Feedback: Transitioning from Real Estate to a New Business

    INTRO 
    Compare both options using the CENTS framework. Compare the business models, margins, overhead, competition, reliance on employees, % of revenue that is recurring etc. Arrange a lunch or meeting with someone 10-20 years older than you, in both industries. Do you admire what they have...
  14. Jobless

    The Burden of Having to Make Shit Up

    SLOWLANE 
    7 days a week feels more natural, yes. Working 8 or 10 hours a day, Mon-Fri will yield similar results to working 3-4 hours daily including weekends (peak productive time). This means you save 12-22 hours of time per week. You now have the whole afternoon to exercise, eat healthy, learn new...
  15. Jobless

    Having trouble making my business name unique

    FEEDBACK 
    It does not need to begin with the word 'Data' or even contain this word. What matters is if people can understand (associate name with what the business does), spell and remember the name. Also good if you get the .com domain. For making it unique, you can add your own name (first or last...
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