have yourself a happy little startup

58
ve Yourself Happy ittle Startup

Post on 17-Oct-2014

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Why now is the best time to start a startup? Transformatoinal changes in technology, politics, economy, environmental make it condusive to build a startup. Yes, it's plenty of risks you have to take, it's a risk worth pursuing.

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Page 1: Have Yourself A Happy Little Startup

Have Yourself A Happy Little Startup

Page 2: Have Yourself A Happy Little Startup

2008

2009Yes, it has been a

stressful year

Page 3: Have Yourself A Happy Little Startup

Global Financial Meltdowns

Page 4: Have Yourself A Happy Little Startup

10.2 %

US unemployment rate

Page 5: Have Yourself A Happy Little Startup

Likely

jobs won’t be back

in their original form

Page 6: Have Yourself A Happy Little Startup

A N

ew

Sp

end

ing

Hab

itIs Here To Stay

Page 7: Have Yourself A Happy Little Startup

For those who keep the jobso much is expected from you

Page 8: Have Yourself A Happy Little Startup

Should we just sit and watch?Hoping for things to get better?

Page 9: Have Yourself A Happy Little Startup

Cheer up!

Still many reasons to celebrate!

Page 10: Have Yourself A Happy Little Startup

Sta

rt Me U

p

Page 11: Have Yourself A Happy Little Startup

Sta

rt u

p

Cost is incredibly low

Open Source

Outsource

Better Tools

Community

Page 12: Have Yourself A Happy Little Startup

virtually

unlimited market

Page 13: Have Yourself A Happy Little Startup

Competing with big guys?

don’t worryyou have the

equalizers

Page 14: Have Yourself A Happy Little Startup

Need scalable data center?

Use Cloud Computing

http://www.slideshare.net/Guppers/im-cloud-confused

Pay as you go

ElasticityFault tolerance

Page 15: Have Yourself A Happy Little Startup

Don’t have a big

marketing budget?

Page 16: Have Yourself A Happy Little Startup

The Game

has changed

SEOSocial Media

Less Ads

Low or no cost distribution

Page 17: Have Yourself A Happy Little Startup

Only the Einsteins need to apply?

Page 18: Have Yourself A Happy Little Startup

No! More than anything else,it needs

Persistent

Tenacity

Tireless

Resilient

Page 19: Have Yourself A Happy Little Startup

All these mean,

we’re in equal footing,right?

Page 20: Have Yourself A Happy Little Startup

Merci

Any body in the world without access to large capital, can start and compete

Page 21: Have Yourself A Happy Little Startup

Well, not quite

Page 22: Have Yourself A Happy Little Startup

When you are this small

no one cares about your startup

journalistsinvestors

customers

suppliers

partnership

Page 23: Have Yourself A Happy Little Startup

Internet is such

a noisy place

this is your tiny loud speaker

Page 24: Have Yourself A Happy Little Startup

How do you stand above

the crowd?

Page 25: Have Yourself A Happy Little Startup

5strategies to increase your chance of success

Page 26: Have Yourself A Happy Little Startup

1Start smalldon’t burn yourself

Page 27: Have Yourself A Happy Little Startup

Control your cost

Don’t start hiring people yet Don’t rent officeDon’t build datacenter

Cheap is your badge of honor

Page 28: Have Yourself A Happy Little Startup

Your idea is justa hypothesis

Very likely to change

Page 29: Have Yourself A Happy Little Startup

Sp

read

the

word

sTalk about your ideas, Not your products,

Now

BlogFacebook Fan Page

Linked-in Group

Twitter

Page 30: Have Yourself A Happy Little Startup

A set of screenshots will do

Run through ideas to your target audiences

Page 31: Have Yourself A Happy Little Startup

When you have good traction onthe community and your target customers are excited

You strike gold

Page 32: Have Yourself A Happy Little Startup

2Offer 10x betterUser experience, features, services

Wow your customers

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Pick

onething that your product willdo very, very,

very well

Remember you’re small

don’t try to do many things

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10x User Experience in Action

iPhone• New Mobile User Experience• Wide Range of Applications

Blackberry• Email Push Experience

Your customer is a click away from competitor

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Give them Instant Gratification

Open the package Search for a book Select a book One click purchase Start reading

All under one minute

Amazon Kindle

Page 36: Have Yourself A Happy Little Startup

3Catch the WaveJump early while it’s forming

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Your advantage:

Agility

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Cloud Computing

Mobile Apps

Social Computing

Globalization

Inbound Marketing Green

Put your bet on emerging, transformational trend

Health Care

jump early!

[Twitter, Facebook, Appstore]

Page 39: Have Yourself A Happy Little Startup

Ride the wave, hope for a little push

Bloggers PressTweets

Recommendation

Page 40: Have Yourself A Happy Little Startup

4Avoid these pitfalls

Page 41: Have Yourself A Happy Little Startup

Do not build a new community ..is a lot harder than you think

They have won the battles

Page 42: Have Yourself A Happy Little Startup

Do not create a new market unless your product is unbelievably innovative

Less competitors could also mean the market is too small

Page 43: Have Yourself A Happy Little Startup

Do not obsess withyour competitors

They’re likely as clueless than you are (even more)

Page 44: Have Yourself A Happy Little Startup

Do not make advertising as your primary source of revenue

unless you’re sure that

you’ll be the top 5 sites

in your product category

OR you’re serving

an exclusive market

Page 45: Have Yourself A Happy Little Startup

Do not use viral as your primary strategy

More and more people are immune to the viral strategies

Page 46: Have Yourself A Happy Little Startup

Ideas Evolve

Don’t search for

perfect ideas, it’s very likely your

ideas evolve along the way

Page 47: Have Yourself A Happy Little Startup

Do not build many features in your first releaseAcquire additional features after extensive observations

Twitter executes this approach very well

Page 48: Have Yourself A Happy Little Startup

5Great Solutions SellIdeas won’t

Page 49: Have Yourself A Happy Little Startup

Hungry? This is a Sim

ple

Solu

tion

Page 50: Have Yourself A Happy Little Startup

“Just Cool” only gets

you traffic

users won’t stick around

Page 51: Have Yourself A Happy Little Startup

>40%Good Test

of my customers will get upset if the

product/service is discontinued

Source: Sean Ellis, Startup Marketing

Before you put serious efforts

Page 52: Have Yourself A Happy Little Startup

Yes, it’s crazy to starta startup

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Hig

h R

isk

Page 54: Have Yourself A Happy Little Startup

Friends, family, investors, press, competitors will be laughing at your little startups

Page 55: Have Yourself A Happy Little Startup

Most people think thatyou may have genetic defect

to start this crazy journey

Page 56: Have Yourself A Happy Little Startup

Life is short

Dare to BeDifferent

But…

Page 57: Have Yourself A Happy Little Startup

HappyHolidays

From your crazy friends at

Page 58: Have Yourself A Happy Little Startup

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