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Chalanachithram.com DB » New TF Industry Related » Archive through October 08, 2013 » Need your suggestion for business venture « Previous Next »

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Vidhata
Junior Artist
Username: Vidhata

Post Number: 14
Registered: 03-2009
Posted From: 223.180.67.19

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Posted on Wednesday, October 09, 2013 - 02:43 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:

why will a vc mentor me for free. Also i tried this VC approach... they look at team, team, team.




bro, I can understand your confusion, I was on same boat before. If you cant find co-founders, find employees who can work in a startup but from your posts I see you don't want to invest money

I didn't understand your product and I don't want to ask since you applied for patent. I was in Tech-Grocery business till recently so I can tell you for sure this business runs on very tight rope even small wrong step would bring in huge losses.

From your posts it looks like you have invented some thing that's not there before, so its going to disrupt the existing process. First thing any client would look in you is your capability to support (even if you offer for free)before he starts using your product which might disrupt existing process, what happens if system breaks and you are not available? his business may loose money. Being lone ranger you cant support 600 clients at the max may be 6. Nobody likes to work with an army of freelancers but with dozen dependable employees they feel safe.



to me it looks like you have 2 options:

1) start a proper company, find co-founders, funding etc.. & go after each client one after the other.
2) wait till you get patent, demo your product in couple of tech events and sell it off with patent rights.




Bangarappa:

I understand how you guys see it... but like I said ...did mark zuckerberg have to meet each one of us to tell us to use facebook ? No...this is kind of like that.




yes, Mark Zuckerberg employed your friends (for free) as his sales team and made them ask you 'why aren't you on facebook yet?". This model works for individual users who doesn't have any thing loose when your product breaks. But for business they need confidence on your ability to support & invent in future, they cant afford to break/change the process in the company.

Lots of companies doesn't use open source why?

one other suggestion is to write business plan (even if its a non profit org), try liveplan.com. share it with some one who has been running a business.

hope it helps....
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 20
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Tuesday, October 08, 2013 - 10:19 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Shikari:




thanks for the advice... as for advertising, I am looking into the right medium


Vidhata:




why will a vc mentor me for free.

Also i tried this VC approach... they look at team, team, team. I am solo man army here. Okka quality co-founder koda dorkaledu so far. I've met technically capable people too...but nobody has the drive, ambition, passion. They all find the product interesting. But they are not determined.


Also....i have spoken to prospective customers. Trust me I did my R&D. It was built centered around the business owner. I am confident it will be a success.

The biggest problem I have at the moment is not the product itself. If I want to I can deploy it anytime. Getting it to the market is tough.

I understand how you guys see it... but like I said ...did mark zuckerberg have to meet each one of us to tell us to use facebook ? No...this is kind of like that.

I am targeting to gain 600 businesses by year end 2014. So ee time lo...veelani andarni meet avali antey challa kashtam. I have designed the product to speak for itself....like it..sign up and start using it.

Also my quick exit strategy makes sense for me because this is a not profit venture. i am offering it for free. I will sell it to someone who can take care of it and monetize it.
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Vidhata
Junior Artist
Username: Vidhata

Post Number: 13
Registered: 03-2009
Posted From: 106.207.27.171

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Posted on Tuesday, October 08, 2013 - 07:58 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:




bro, naa 4 years of Entrepreneur journey nunchi vachina exp to cheptana, take it for what ever its worth.



Bangarappa:

antha time, patience naku ledu



if you don't have time nor patience to meet your prospective customers then why the hell should your customers do???



Bangarappa:

see the thing is i am targetting the business manager/store. veelaki nijamga time vuntadundo ledo magazines sadivi choodadaniki ani naaku faith ledu.




How could you build a robust s/w or what ever it is with out knowing your target customers? find out more about them. talk 2-3 good customers have patience to listen to their feedback things can take U turn.


Bangarappa:

also i am unwilling to let go of equity. i want to be the supreme boss.... VC ante nenu vallani brokers laganey choosanu. theyre pimps and i am their prostitute.




lot of entrepreneur go to VC's for mentoring rather than money itself.


Instead of thinking top to bottom think bottom to top how would you get your first customer and why would he buy from you especially when you don't have time, patience & you want to sell off in 3 years.

Before you take any other step try talking to 2-3 prospective customers. My another suggestion is to go and read lean startup by eric ries should help you in your situation.


Good luck bro
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Shikari
Hero
Username: Shikari

Post Number: 13263
Registered: 03-2010
Posted From: 183.82.87.151

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Posted on Tuesday, October 08, 2013 - 02:33 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:

VC naku avasaram ledu because i can pay freelancers on my own.capital requirements koda antha peda levy.



marketing costs lekkeyyakunda ela?quality product tayaru cheyatam kante daanni target audience ki reach ayyela promote cheyatam bigger task.more users=more $$$$:-)kabatti.VC funding is advised.100% own ga unchukuni $2m earn cheyatam kante oka 25% ammesi $10m earn cheyatam better kadha:D
VC funding interest lekapothe you can raise money among your friends,family or relatives.
advertising is a must,mee target customers ni ekkuva influence cheyagala medium edho research cheyandi.apart from industry mags,trade shows...mobile ads mee case lo baga workout avvochu anukuntunna.adwords ppc,ppa advertising will workout.press release sites evo untayi..you can try them too.
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 17
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 08:17 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Onlytruth:

get a venture capitalist first - impressing them with ur tech/idea




anna ee idea inko $3000 invest seste world class ga vuntadi.

VC naku avasaram ledu because i can pay freelancers on my own.capital requirements koda antha peda levy.

also i am unwilling to let go of equity. i want to be the supreme boss.... VC ante nenu vallani brokers laganey choosanu. theyre pimps and i am their prostitute.

ee company is a get rich quick scheme for me. dheni medha 3 years kante interest naku inka sagadu. i want to cash out as soon as the users become big...then i will sell it off.
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Onlytruth
Legend
Username: Onlytruth

Post Number: 128290
Registered: 01-2007
Posted From: 98.226.57.134

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Posted on Monday, October 07, 2013 - 07:31 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

get a venture capitalist first - impressing them with ur tech/idea
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 12
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 07:07 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Vjawarrior:




andarni bro..this tech is not specified for anyone. it is robust and broad range functioning.

see the thing is i am targetting the business manager/store. veelaki nijamga time vuntadundo ledo magazines sadivi choodadaniki ani naaku faith ledu.

also i have considered FB ads.. yet to look into it. however i want to reach a specific target only..the business owner.
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Kaisersooze
Moderator
Username: Kaisersooze

Post Number: 9246
Registered: 04-2009

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Posted on Monday, October 07, 2013 - 07:06 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:




Bro.. Sit back and relax aithae starting lo grow kaadhu, LinkedIn or yelp lo contacts pattu Network build chesuko née app explain cheyyi vachina returns tho India lo college grads iddarini hire chesi calls and emails pampamanu. For instance whole foods thesuko go talk to the store manager and setup an appointment. Yes they will take time don't expect things to happen ASAP and good luck
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Vjawarrior
Hero
Username: Vjawarrior

Post Number: 10660
Registered: 02-2011
Posted From: 153.2.247.32

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Posted on Monday, October 07, 2013 - 06:51 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:


db lo andhrapreneurs yevaru lera



annai...Ill tell u one thing....for any budding business...advertising in any form is a must if u wanna succeed...u need to allocate some money for tht....
neevu entha effort pettina...advertising lekapothe....returns raavatam chaala kashtam...r u targeting indian grocers or USA grocers....
Naakonchem tikkundi...kaani daanikoka lekkundi...
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 10
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 06:49 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

bump

db lo andhrapreneurs yevaru lera
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 9
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 05:17 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

bump
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 8
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 04:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Jambalahaart_raja:




brother asalu ee business naku nachindi mainly because of less human interaction. sit back and relax avuthunnapudu i want the business to grow by itself.

i need 600 business owners using it in coming 1 year...i dont have to meet each and everyone. I have tried this approach. it is damn difficult if you are dealing with bureaucracy or anyone besides the owner/CEO.

antha time, patience naku ledu. imagine if u told some CRM app company to go convince each customer by meeting... they simply cannot meet -- too many targeted people too little time.



Mahesh_fan:




chance ledu.... this is a non-profit enterprise for me. I just want users so i can sell the company with users - instagram lanti model anukondi.

so far it has been me and my freelancers who are only loyal until the last dollar in my pocket. so $$$ outflow leni ideas ivvandi plz
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Mahesh_fan
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Username: Mahesh_fan

Post Number: 10320
Registered: 09-2010
Posted From: 167.219.88.140

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Posted on Monday, October 07, 2013 - 04:25 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

inko way enti anthay sales people ni hire chesuko.. it all you app generates money vallaki amount lo sahre evu ..ela kuda kondharu work cehstharu .
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Jambalahaart_raja
Side Hero
Username: Jambalahaart_raja

Post Number: 3619
Registered: 07-2008
Posted From: 206.208.180.240

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Posted on Monday, October 07, 2013 - 04:21 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:

cold calling ante konchem communication friction vuntadi.



Store-wise kanna franchise-wise vellaali emo kada, unless your app helps small-business owners like independent shop-keepers etc.
Business lo first rule - meet in person, and talk into the eyes.
Contact elagola teeskuni, setup an in-person meeting.
All the best. Hallelujah. Amen!!!
"Best lesson for life - Keep Calm and deal with it, one day at a time!!!" - Charles Peckham Charlie Day, It's always Sunny in Philadelphia.
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 7
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 03:58 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Pointblank:




dheeniki oka digital phonebook ki difference enti ? deeniki pay cheyali anukunta...but phonebook is free.

Of course phonebook is antiquated... kani yellowpages online lo same business contact details vuntey kadha ?
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Pointblank
Side Hero
Username: Pointblank

Post Number: 5333
Registered: 05-2012
Posted From: 198.241.217.15

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Posted on Monday, October 07, 2013 - 03:55 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:




data.com lo u can get email address/contact info. Either by barter system - u enter one contact to get one contact or buy ala...

again that will work for sales people... to reach out to say the business people using their products (for eg software etc or medical etc)... but me product related not sure...
Live Love Laugh;
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 6
Registered: 09-2013
Posted From: 99.8.56.59

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Posted on Monday, October 07, 2013 - 03:51 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Pointblank:

it is if u want to get contact info - may or may not work in ur case.




thnx for the suggestion...

what is it that will work in my case ? inkonchem elaborate chestara ?
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Pointblank
Side Hero
Username: Pointblank

Post Number: 5331
Registered: 05-2012
Posted From: 198.241.217.15

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Posted on Monday, October 07, 2013 - 03:44 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

it is if u want to get contact info - may or may not work in ur case.
Live Love Laugh;
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Pointblank
Side Hero
Username: Pointblank

Post Number: 5330
Registered: 05-2012
Posted From: 198.241.217.15

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Posted on Monday, October 07, 2013 - 03:43 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bangarappa:




try data.com
Live Love Laugh;
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Bangarappa
Junior Artist
Username: Bangarappa

Post Number: 5
Registered: 09-2013
Posted From: 184.154.49.106

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Posted on Monday, October 07, 2013 - 03:37 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

vishayam enti ante oka technology thayaru sesa (submitted patent to uspto already)

it is related to apps. customers are those in grocery stores industry.

how to get users?

1) do i get email address of stores from company websites and email them informing them of how my tech can help them?

2) cold calling ante konchem communication friction vuntadi.

3) industry mags lo ads pettadaniki antha $$$ budget ledu


no.1 try chesa... owner was nice..but respond avadaniki he took time.

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