Great post, very interesting. Like it a lot.
One of the key things where many Startups fail is the cost/profit and proper price calculation.
So they have a genius idea and a strong motivation, but since everything is new to them, they have no idea about what to charge for their products. If it‘s too low, they gonna work themselves to death; if it‘s too high, no customers. A good starting point is to check your competition and charge a little less. But take care and make really sure that you can make that price. Work not only on saving like cracy, but as well on the processes that will allow you to make that price and survive. Keep in mind that it takes 20 years to build a reputation, and 5 minutes to ruin it. A Startup has no reputation at all, and so, it takes a lot of time to build a brand, the desire, and the reputation that will bring you thousands of customers comes in at last, or never.
Define a company ethics that fits your belief and let your culture develop by following that ethcis yourself, whatever you produce or what services you are offering, by any means. The stronger the guiding light, the larger the audience it can reach, and the stronger the magnet, the larger the power that your personal fan crowd can generate. In 21st century, it‘s our culture that separates us from competition. Laptops we got all.
At Dynamic Applications, our culture is based on Transparency, Privacy protection, and Participation.
And so, we build Startup Business Planners that are self-explaining, they gather no data at all, and we let the people decide about the best ideas to simulate, and the platform roadmap, in turns. It‘s free of charge, but the professional simulation builder is 25 Euro (our Apps offer all functionality for specific Startups, and they‘re micro-payment, and there‘s traditional freeware and free promo codes on Twitter). So that’s Participation.
So if they vore fun, we build fun, and if they vote seriously, we build serious solutions.
There are sacrifices, you know. I sold my car in 2017.
But if you look at it over time, it’s growing like crazy.
Martin Bernhardt,
Founder of Dynamic Applications.
You make mistakes along your journey and in doing so learn firsthand why “cash is king” and how your venture can be profitable while tottering on the brink of bankruptcy. And while you and your team benefit from these valuable business experiences, you are never in danger of financial ruin or suffering the many other life-changing pitfalls of running a business.
Dynamic Applications 