We often think about this concept of our startup "making it" through a sale or some other outcome and then we get to be truly happy.
But that's not how it works.
Our "success" actually comes gradually, day by day, at a glacial pace so that we never actually notice it. Until one day, we wake up, and things don't suck anymore.
So we can't think of our startups driving happiness as being a definitive moment in time. We have to think about it as little pieces and parts that gradually — but noticeably — get better.
If we think really hard, we can probably remember a time when we actually got to use the word "No" to things.
You know, like working all weekend, draining our bank account to keep the company afloat, or simply ...
Shopping for personal auto insurance can be a pain, and it only gets more difficult when you’re shopping for your business. It’s almost like playing a game of chess against Bobby Fischer: No matter what you do or say, you still feel like you’re going to lose.
So how can you make it easier? When researching auto insurance options for your business, the first road you should take is one you’ve already been down. Start by investigating the provider you currently use for personal home, auto, and general business liability insurance.
Providers love to offer discounted monthly premiums to people who bundle accounts with them, and while commercial and consumer auto policies are two completely different animals, most companies provide both.
Get add...
I grew up ridiculously poor.
By the time I was 19, I founded my first startup, with less than $20 in the bank. I chose the one career that could somehow make me way, way poorer.
Within the first year I had racked up over $100,000 in personal debt, which took me from "poor" to "infinitely poor.” Today we call that college debt.
Within a few years some of the startup bets I had made began paying off.
Before I knew it, I was shopping for exotic cars, a new home (I was still living in a campus apartment at the time) and writing a single check to payoff all my college debt (a smaller check since I dropped out so quickly).
In my mind, I had made it.
But then a funny thing happened... nothing. Nothing at all. I woke...
Product differentiation is process used by companies to clarify the differences between their products and other products on the market. Those other products can include competitors but also a company’s own products, to prevent overlap between the offerings. The goal is to find a product’s unique selling point (USP).
Product differentiation is important because it makes your product stand out from the crowd! It’s easier and easier to create a company or sell a product or connect directly with factories in China these days. So what makes your housewares product or dating app or SaaS product different from all of the other housewares products, dating apps, and SaaS pr...
“When we first launched things were going gangbusters. But since then, things have kind of flat-lined. The business seems stalled. What do we do from here?"
Part of the challenge with running a startup is that we simply don't have any history of whether past performance was the future of our business or "just a really good quarter.”
For this reason, it's hard to tell whether we're really stalled until enough time has gone by that we can see the writing on the wall.
We imagine a "successful startup" always has a stout growth trend that runs "up and to the right" on every chart. But that's actually not really true.
Yes, there are some standout companies that smash records, but most companies grow slowly over a long ...
It’s a crazy, multi-device world.
According to one report from Facebook, 60% of online adults in the U.S. and U.K. use at least two devices each day, meaning that mobile is at the epicenter of many brands’ marketing, sales, and product strategies.
This trend creates a window of opportunity for companies that are looking to reach audiences at multiple points in their buyer journeys. The challenge, however, is that mass-market tools and analytics technologies haven’t caught up—basic reports in Google Analytics only provide aggregate-level traffic data, for instance. It’s tough to dissect the steps that your audiences are taking to become customers and repeat customers.
Despite this lack of transparency, one concept holds tried and true: you’r...
When I first left my full time job to try my hand at being an entrepreneur, I thought it would be helpful to join a women’s business networking group. The membership included a subscription to their women’s business magazine which provides exclusive content, advice, and tips for being more business-y.
I won’t name the organization, but I won’t be surprised if anyone recognizes it. I joined just over 6 months ago and every time I have received an issue of this quarterly magazine, I become a little more enraged.
The very first red flag is that inexplicably and despite the fact that the women’s magazine is only available to pre-paying members and can’t be bought in store, it has a price tag on it (but no barcode), presumably to convince the po...
Unfortunately, my site (SujanPatel.com) was hacked again, but I’m happy to report that everything is back up and running – no data lost and no personal information compromised.
I wish I could say that this was the first time somebody messed with my site, but what I’ve come to learn is that getting hacked is part of the price of admission for running on WordPress.
Don’t get me wrong – I love WordPress. The fact that it’s open source and widely adopted means tons of great templates, plugins and add-ons, many of which I use to power this blog. But those same pros turn into cons when you take into consideration the fact that hackers have the same amount of access as you do.
Dealing with the potential for WordPress hacks requires two things – be...
Imagine stumbling across a Glassdoor review of your company filled with damaging declarations and seemingly unfounded statements. You’d be shocked, right? I know I was.
Our former employee’s description seemed so foreign, I didn’t recognize the company being described. According to the review, we were growing too fast, too furiously; we were operating in a knee-jerk manner.
It was clear the past employee wasn’t aware that we look to hyper-vet everything we do. Decisions are hardly made on whims; they’re quite nuanced. Of course, none of that matters to employees if they’re not hearing the truth.
What had happened? To make a long story short, complete miscommunication on our part.
We’re not the only business that’s dealt with miscommunicati...
I have written the post on the 8 reasons that make me different as a millennial boss. I think Millennials are bad asses and can harness their power for good. Remember though that I am on the cusp of generations. I identify about half and half with Gen X and Millennials. I consider myself a bit of a generational fairy….. 🙂
That said, I also have a few bones to pick with my generation after watching and supervising my peers for the last 10 years. Please don’t take it personally, Millennials! I still love you….xoxo.
Here we go:
Every time I hear someone say this I envision myself with imaginary steam coming out of my ears. When I used to hear someone say this I would try to b...