Mistakes on Our Way to $88k in Revenue

by justingreet on 10/15/2019, 4:17:23 PM with 27 comments

  • by srameshc on 10/15/2019, 8:14:38 PM

    3. Start your company as an LLC

    No matter what anyone tells you, don't start as a C-Corp, unless you are sure that VC is investing in your company right away. Even the cost of winding down a C-Corp is substantial.

  • by npereslu on 10/15/2019, 5:38:52 PM

    13 is super crucial. It doesn’t matter what you’re doing, making your entire identity revolve around one thing is always a bad idea.

    Growth is all about branching out and trying new things. Maybe some of those new things are dead ends, but I find trying new things or hobbies always helps me learn about the things I’m already passionate about. The stress relief and mental break ain’t bad either!

  • by jenIsOnHN on 10/15/2019, 7:55:13 PM

    14 - LOL. One of my friends in SF got locked on the roof of his startup--with his dog!

  • by eahm on 10/16/2019, 6:32:27 PM

    While those points can be seen as very subjective points it was still a good article with real life experience behind, thanks for that and good luck!

  • by ThrowMeAwayOkay on 10/16/2019, 12:59:48 PM

    I really liked #8. Don't Engineer Too Early.

    If customers are asking for features, processes, (your time), etc...then don't give that to them. Sell that to them. They'll pay if they really want it.

    If a restaurant owner is asked why a certain thing is not on their menu enough times, the smart ones will get that on their menu. Is that new menu item free? Hell no.

  • by zarro on 10/15/2019, 8:38:09 PM

    What about IP agreements? After reading "Venture Deals" you get the idea that if you to talk about your project and bounce ideas off of them during the development phase they could have implicit "rights" to IP. What do you have to have everyone you talk to about developments sign an IP agreement?

  • by mac_was on 10/15/2019, 6:56:53 PM

    Great article, thanks!

  • by Exuma on 10/15/2019, 10:38:21 PM

    Use a Retina logo!

  • by whsheet on 10/15/2019, 7:07:44 PM

    Click-bait. Imagine you made a way to make 88k a month and keeping growing, why tell anyone?

    Exactly: You tell once growth has stopped and you need a quick fix.