By Phil Whelan on December 6, 2010
This is a common theme I’ve heard in many of the books I’ve read. Although, in the books I’ve read, this pearl of wisdom is phrased a little differently. The way to build a successful business is to help as many people as you can. Apparently, the cash will follow, if you concentrate on the helping part. The number of people you help is also important. The more people you help, the better. For instance, Facebook “helps” 250 million people per day, whereas Google only helps around 90 million people per day. Helping all those people has become very profitable for these two companies and many more. It’s all about changing the focus from “how do I make money” to “how do I help more people”.
Posted in customer service, entrepreneurship | Tagged apple, customer feedback, customers, entrepreneurship, feature creep, features, helping, ingenuity, niche, online communities, web-development
By Phil Whelan on September 30, 2010
“A situation in which an entrepreneur starts a company with little capital. An individual is said to be bootstrapping when he or she attempts to found and build a company from personal finances or from the operating revenues of the new company.” – “Bootstrapping” by Investopedia I just got back from another session [...]
Posted in bootstrapping, entrepreneurship, startup | Tagged bootstrappers, bootstrapping, entrepreneur, entrepreneurship, funding, investing, investopedia, meetup, pasobella, starbucks, startup, toeflnow, vancouver, venture