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startup idea

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hostingcloudquestion
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  • M Offline
    M Offline
    MaryDes
    wrote on last edited by
    #1

    I recently had an exciting startup idea. I have had a negative experience, which led to the startup idea. I sincerely want no one to experience such situations. However, I do not know where to start my project and where to get the investment, which cloud provider should I choose. Maybe someone has been begun and can boast of life hacks?

    W M 2 Replies Last reply
    0
    • M MaryDes

      I recently had an exciting startup idea. I have had a negative experience, which led to the startup idea. I sincerely want no one to experience such situations. However, I do not know where to start my project and where to get the investment, which cloud provider should I choose. Maybe someone has been begun and can boast of life hacks?

      W Offline
      W Offline
      W Balboos GHB
      wrote on last edited by
      #2

      Please send my your bank's routing number and your account number so I can forward some funds

      Ravings en masse^

      "The difference between genius and stupidity is that genius has its limits." - Albert Einstein

      "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010

      Z 1 Reply Last reply
      0
      • W W Balboos GHB

        Please send my your bank's routing number and your account number so I can forward some funds

        Ravings en masse^

        "The difference between genius and stupidity is that genius has its limits." - Albert Einstein

        "If you are searching for perfection in others, then you seek disappointment. If you seek perfection in yourself, then you will find failure." - Balboos HaGadol Mar 2010

        Z Offline
        Z Offline
        ZurdoDev
        wrote on last edited by
        #3

        W∴ Balboos, GHB wrote:

        Please send my your bank's routing number and your account number so I can forward some funds

        Due to currency exchange rates, it will be a lot cheaper if you send me your account info and I'll deposit it directly.

        Social Media - A platform that makes it easier for the crazies to find each other. Everyone is born right handed. Only the strongest overcome it. Fight for left-handed rights and hand equality.

        1 Reply Last reply
        0
        • M MaryDes

          I recently had an exciting startup idea. I have had a negative experience, which led to the startup idea. I sincerely want no one to experience such situations. However, I do not know where to start my project and where to get the investment, which cloud provider should I choose. Maybe someone has been begun and can boast of life hacks?

          M Offline
          M Offline
          Mycroft Holmes
          wrote on last edited by
          #4

          Having the idea is relatively easy, selling the idea is quite difficult and building it is the easiest part of all, support is also a long term issue. Depending on the amount of investment you feel you need you will have to pitch the idea to people at the correct level. Small project you may be able to fund it from family and friends with the minimum of preparation. With a large project you are going to need a business plan and it is going to have to be excellent to get any serious funding. Start by writing down the idea with the goals you want to see and the benefits a user is going to get. Then put that idea in front of an experienced person you trust/respect, get them to shoot holes in it. If there is anything left then you go to the next step.

          Never underestimate the power of human stupidity - RAH I'm old. I know stuff - JSOP

          B 1 Reply Last reply
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          • M Mycroft Holmes

            Having the idea is relatively easy, selling the idea is quite difficult and building it is the easiest part of all, support is also a long term issue. Depending on the amount of investment you feel you need you will have to pitch the idea to people at the correct level. Small project you may be able to fund it from family and friends with the minimum of preparation. With a large project you are going to need a business plan and it is going to have to be excellent to get any serious funding. Start by writing down the idea with the goals you want to see and the benefits a user is going to get. Then put that idea in front of an experienced person you trust/respect, get them to shoot holes in it. If there is anything left then you go to the next step.

            Never underestimate the power of human stupidity - RAH I'm old. I know stuff - JSOP

            B Offline
            B Offline
            BryanFazekas
            wrote on last edited by
            #5

            1. Risk Management. Brainstorm for all possible risks, which can include positive outcomes (positive is less likely than negative, but it does occur). Next rate each risk on the likelihood it will occur and the impact the risk will have (good or bad), using a 3 point scale. Address risks rated High/High (likelihood/impact) first. Develop a mitigation strategy that will reduce or eliminate the likelihood and/or impact. Next address the High/Medium and Medium High risks, developing mitigation strategies. Then Medium/Medium. If you have time, address the remaining risks, but ones already addressed are your biggest dangers. This helps you spot holes in your idea, your business plan, prepares you to handle problems, and provides you with solid answers to difficult questions that investors may ask. It makes you look prepared, because you are prepared. 2. Cost List Using all documentation you've prepared, develop a cost list. What things do you need, when do you need them, and what will they cost? This is another one to pass in front of an experienced person to get input. Regardless of what you determine the costs will be -- there will be things you did not consider. 3. Change Be prepared to drastically alter your plans if your preparation indicates you need to. Let go of initial ideas if you discover they don't work or you find better ones. 4. LLC + NDA If you really believe your idea can get rolling, form an LLC (assuming you're in a country that has such entities). The cost of forming an LLC in my home state in the USA is ~$200 to $300. Get a signed NDA (Non-Disclosure Agreement) from everyone you discuss your idea with. Start protecting your intellectual property immediately. If you get to this stage, you may need legal advice. You may recall the saying, "you have one chance to make a good first impression". Before talking to anyone, do your best to be prepared and present your best face.

            M 1 Reply Last reply
            0
            • B BryanFazekas

              1. Risk Management. Brainstorm for all possible risks, which can include positive outcomes (positive is less likely than negative, but it does occur). Next rate each risk on the likelihood it will occur and the impact the risk will have (good or bad), using a 3 point scale. Address risks rated High/High (likelihood/impact) first. Develop a mitigation strategy that will reduce or eliminate the likelihood and/or impact. Next address the High/Medium and Medium High risks, developing mitigation strategies. Then Medium/Medium. If you have time, address the remaining risks, but ones already addressed are your biggest dangers. This helps you spot holes in your idea, your business plan, prepares you to handle problems, and provides you with solid answers to difficult questions that investors may ask. It makes you look prepared, because you are prepared. 2. Cost List Using all documentation you've prepared, develop a cost list. What things do you need, when do you need them, and what will they cost? This is another one to pass in front of an experienced person to get input. Regardless of what you determine the costs will be -- there will be things you did not consider. 3. Change Be prepared to drastically alter your plans if your preparation indicates you need to. Let go of initial ideas if you discover they don't work or you find better ones. 4. LLC + NDA If you really believe your idea can get rolling, form an LLC (assuming you're in a country that has such entities). The cost of forming an LLC in my home state in the USA is ~$200 to $300. Get a signed NDA (Non-Disclosure Agreement) from everyone you discuss your idea with. Start protecting your intellectual property immediately. If you get to this stage, you may need legal advice. You may recall the saying, "you have one chance to make a good first impression". Before talking to anyone, do your best to be prepared and present your best face.

              M Offline
              M Offline
              Mycroft Holmes
              wrote on last edited by
              #6

              And you are telling me this why?

              Never underestimate the power of human stupidity - RAH I'm old. I know stuff - JSOP

              B 1 Reply Last reply
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              • M Mycroft Holmes

                And you are telling me this why?

                Never underestimate the power of human stupidity - RAH I'm old. I know stuff - JSOP

                B Offline
                B Offline
                BryanFazekas
                wrote on last edited by
                #7

                This is a reply to the thread, expanding on your point. It's not directed specifically at you.

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