Launching a Startup in a New Domain

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Markets shift and change, creating new startup opportunities.

Founders seek new markets in which to launch a startup.

For those launching a startup in a new domain, here are some key steps:

Read several books describing the domain and how it works.

Talk to domain experts in the space to learn the details of the market.

Look for unmet needs that must be addressed.

Identify experts in the domain who can advise you.

Ask one or two to be a mentor.

Create several ideas for a business and test them out.

Try dressing up the solution as a ready-to-buy product and see what reaction you get.

When you find several people ready to pay for your solution, sign up three of them as anchor customers.

Use the revenue from these customers to fund the initial product.

Experiment with entering the market at different places in the value chain.

Look for the position that provides the most revenue and costs the least for the value offered.

New markets provide new opportunities to launch a business.

Consider these steps for launching a startup in a new domain.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
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Revenue Solves All Problems

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

In a startup, revenue solves all problems.

Funding can help, but only for so long.

As long as you have cash, you can run the startup.

When you run out of money, then it's over.

Revenue can fix any problem.

If you need more sales support, you can hire them.

If you need to fix a product, you can bring in a developer to do the job.

If you need more leads, you can hire a marketer.

Funding can solve many problems, but it's limited.

There's only so much funding a founder can raise.

Funding only goes so far before it runs out.

Funding jump-starts the business, but revenue carries it the distance.

Develop your long-term plans around revenue generation.

Use funding to fill the gaps.

Whatever you do, make sure you don't run out of cash.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

Signs of a Good Founder

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Anyone can be a founder of a startup.

Here are signs of a good one:

They have an innovative mindset.

They look for how to innovate on the product, the business model, and more.

They are self-aware.

They know their strengths and weaknesses.

They have a vision for their business.

They know where they want to go with it.

They have passion.

They exhibit this in their work, communication, and time spent.

They are resilient.

They can endure setbacks and carry on.

They can plan and forecast.

They know how to set plans for the company and forecast the numbers.

They have good communication skills.

They can communicate well both verbally and in writing.

They can make decisions.

They know how to decide and carry through.

Look for these attributes in a founder.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

_______________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.