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Entrepreneurship

Starting a Business From a Failed Startup with Matthew Berk – Honest Ecommerce Ep. 174 [Video]

Berk started his career as a software engineer and considers himself a product-focused builder. He is the creator of the first local search engine and is the author of a wide range of patents on everything from VoIP to data mining. He’s an equal-opportunity coffee drinker but is most fond of fresh crop Geishas from Colombia. As the co-founder and chief executive officer of Bean Box, a global marketplace for specialty coffees, coffee subscriptions, and coffee gifts, Matthew Berk is responsible for the development, growth, and vision of the brand. In This Conversation We Discuss: [00:00] Intro[01:12] How Matthew conceptualized Bean Box[04:19] The parallels to Lean Startup principles[05:08]Try things even if you get it wrong [07:11] Doing Ecom is trying to sell 2 products[09:26] Focus on getting the products into people’s hands[10:59] 2 areas where you could easily get lost in[11:43] How to avoid “price spiraling”[16:14] Competitor comparison can be pointless[17:54] Sponsor: Electric Eye https://electriceye.io[18:14] Sponsor: Mesa https://apps.shopify.com/mesa[18:58] Sponsor: Gorgias https://gorgias.grsm.io/honest[20:24] Sponsor: Rewind https:/rewind.com/honestecommerce[20:55] Sponsor: Klaviyo http://klaviyo.com/honest[21:42] The ratio between capital raised and revenue generated[22:47] Investing in people is a rocket fuel for business[24:15] Capital can obfuscate your problems[27:05] The entrepreneur’s job is prioritizing problems[28:31] You don’t have to grow if you don’t want to[32:09] When should you go custom[37:10] Would Bean Box’s strategy 8 yrs ago work today?[39:02] Where to find Bean BoxResources:Subscribe to Honest Ecommerce on Youtube https://www.youtube.com/c/HonestEcommerce?sub_confirmation=1Connect with Matthew https://www.linkedin.com/in/matthewberkShare the joy of small-batch, locally-roasted beans with coffee lovers around the country https://beanbox.com/Read The Lean Startup http://theleanstartup.com/bookScale your business with https://electriceye.io/Download Mesa at the Shopify App Store https://apps.shopify.com/mesaLevel up your customer support https://gorgias.grsm.io/honestRespond to any of Rewind’s welcome emails and mention HONEST ECOMMERCE to get 1 month free http://rewind.io/honestGet started with a free account at http://klaviyo.com/honestIf you’re enjoying the show, we’d love it if you left Honest Ecommerce a review on Apple Podcasts. It makes a huge impact on the success of the podcast, and we love reading every one of your reviews!Review Link: http://getpodcast.reviews/id/1447700156Honest Ecommerce is a weekly podcast, community & educational resource providing online store owners with honest, actionable advice to increase their sales and grow their business. Visit http://honestecommerce.co/ for more information.If you like our videos, consider subscribing & joining our FREE Facebook grouphttps://www.facebook.com/groups/honestecommerce/Or get all our content sent directly to your inbox by subscribing to our newsletter: https://honestecommerce.co/pages/subscribe

Categories
Entrepreneurship

Brand Name Solution for Digital Creative Platforms Business Branding Marketing Service By FrMahadi [Video]

Brand Name Solution for Digital Creative Platforms Business Branding Marketing Service By FrMahadi | DamLess#DamLess#Inkjet_Printer_Problem_Solve_&_SolutionEmail Usinfo@DamLess.ComJoin UsFacebook.com/groups/DamLess/Like UsFacebook.com/TheDamLessSubscribe UsYouTube.com/DamLessYou May Looking ForBrand Name Solution for Digital Creative Platforms Business Branding Marketing Service.We ProvideBrand Name Generate,Brand Name Solution,Digital Creative Brand Name,Digital Marketing Solution,Branding Solution,business name ideas,business name generator,business names,new business name creator,domain name generator,creative business name generator,DamLess PlaylistsNew Gadgets Experiment Experiencehttps://youtube.com/playlist?list=PLua4i9Q5xhxSTzDP3iTu8KMlVH4j3z7uIAll Copyright Reserved | Md. Mahadi Hasan Rakib | DamLess | BadHin | 2021DamLess Regularly Publish the best video tutorial Contents about Inspire new gadget innovation, interesting Idea, Tech Review, Technology Problem Easy Solution & Review in Bangla.If you are interested to solve any tech problem solution DamLess is perfect for you. You will get many huge ideas with detail clear concepts with many real-life examples from my experimental experience.My Populer Video topicsNew Gadget Innovation Experience Share,Best useful own handmade gadgets test, feelings,New useful gadgets introduce,Best gadgets Problems find out, gadgets Problem Solve & Advice easy Solutions, Homemade Gadgets experiment.I also share many success stories from my research.If you stay with me, I hope I can give you something.I hope you will enjoy The DamLess.Thanks for coming to DamLessMd. Mahadi HasanFounderDamLessmahadi@DamLess.Com

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Entrepreneurship

How to build a business/startup through lean methodology|Lean startup|Mindset [Video]

Many people think that startup is all about great idea, a idea that can give them overnight success. But they fail to realize that we are not living in a static environment but dynamic environment. In this dynamic environment, there is a lot of uncertainty. Many people who follow traditional management system waste their time in planning, market research, power point presentation and once it done, they take assumption based decision. They measure their success based on vanity metrics. According to author Eric ries , startup is an human institution that build product or services under a condition of extreme uncertainty. The most important question a Entrepreneur musk ask to himself is not about “Can we build this product or not?” but “should we build this product or not?” Startup is all about learning fast as much as you can as compare to your competitor and outnumber them as fast as you can. How can you achieve this?The answer is Lean methodology. In Lean startup, when you have idea for a startup, then on the basis of that idea you build a MVP( Minimum viable product). A minimum viable product is a kind of product which you build at minimum price and you add only few key features in MVP which you think is the most attractive feature. After this, your job is to sell it to your early adopters and collect feedback from them. On the basis of feedback of your first early customers, you decide to pivot or persevere. Persevere means if your first early customers give you positive feedback then you go with your idea or progress with your idea, your product and strategy. And if your customers give you negative feedback then you pivot means you modify your idea, your product according to customer needs and desire. This process will remain continue until or unless your customer is ready to pay for your product or services as soon as possible.