Remove Companies Remove Entrepreneur Remove Outsource Remove Satisfaction
article thumbnail

6 Benefits of Outsourcing and Freelancing In Startups

Startup Professionals Musings

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. A solution I often recommend, as least in early growth, is the use of outsourcing for critical tasks.

Outsource 123
article thumbnail

5 Crowdfunding Approaches To Tempt Every Entrepreneur

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model. Donation good-cause model.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Startup Funding Models That Depend On The Consumer

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. The crowd gets the satisfaction of helping, with minimal risk, and no expectation of any high return. Product pre-order model. Donation good-cause model.

Funding 141
article thumbnail

7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

Customers won’t pay to see your new employees learning on the job, and outsourcing the real work to a cheap labor source is a recipe for disaster. Product companies sometimes equate customer satisfaction with customer service, but it’s more than that, especially with services. The customer experience is more than the service.

Startup 111
article thumbnail

How True Entrepreneurs Make Themselves Accountable

Startup Professionals Musings

Everyone seems to like the aspect of being an entrepreneur that goes with “being your own boss” and “able to do things my way.” People with confidence problems and fear problems should avoid the entrepreneur role, since success without accountability is rare. Every time I try outsourcing manufacturing, I get quality problems.” “If

article thumbnail

7 Success Factors When Your People Are The Solution

Startup Professionals Musings

Customers won’t pay to see your new employees learning on the job, and outsourcing the real work to a cheap labor source is a recipe for disaster. Product companies sometimes equate customer satisfaction with customer service, but it’s more than that, especially with services. The customer experience is more than the service.

Startup 174
article thumbnail

Are You Properly Managing Your Core Competency?

Startup Professionals Musings

If you have a software development background like mine, Im sure you often get questions about when to outsource, versus building the solution in-house. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe. Marty Zwilling.