A new (risky) business.

Discussion in 'Starting & Running a Business' started by geoffw, 7th Aug, 2015.

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  1. TMNT

    TMNT Well-Known Member

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    not to be skeptical......but

    is it going to revolutionise the industry?
    even if it is pretty good, how are they supposed to penetrate any markets unless its so damn awesome
    I assume its a online system that maybe you can run your P/L or stock, wages and even rostering?
    whats stopping anyone else from doing the same thing as we speak?
     
    TMNT, 6th Oct, 2015
    #21
  2. geoffw

    geoffw Moderator Staff Member

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    @TMNT it's not any of the things you've mentioned. It addresses a need, and the reason I joined the project was that I saw the potential. Nothing will stop anybody else copying it but we haven't seen anybody else addressing this particular problem just yet.

    Even if we don't go with this US group it's great validation to us that we are going in the right direction.
     
    geoffw, 7th Oct, 2015
    #22
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  3. geoffw

    geoffw Moderator Staff Member

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    We have a contract signed. It will take quite a while to see if anything comes of it.
     
    geoffw, 31st Oct, 2015
    #23
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  4. geoffw

    geoffw Moderator Staff Member

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    We have just been accepted into a mentorship program- 48 applicants for 6-8 places, largely to do with business building at this stage.

    We have put the first version of our product into a couple of stores- a very cut down version but functional. The reception has been good- but we already have good relations with those people. It will be good to put it into a store where we don't know the owner.
     
    geoffw, 21st Jan, 2016
    #24
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  5. Lizzie

    Lizzie Well-Known Member

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    Great to see you've got some products out there - hopefully you'll get honest feedback as to functionality and performance (and styling) ... we still don't know what it is tho :D
     
    Lizzie, 21st Jan, 2016
    #25
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  6. willair

    willair Well-Known Member Premium Member

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    Well done it starts to get interesting from now..
     
    willair, 21st Jan, 2016
    #26
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  7. geoffw

    geoffw Moderator Staff Member

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    geoffw, 21st Jan, 2016
    #27
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  8. Lizzie

    Lizzie Well-Known Member

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    Ah - there you go! And now we know what Geoff looks like
     
    Lizzie, 21st Jan, 2016
    #28
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  9. neK

    neK Well-Known Member

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    neK, 21st Jan, 2016
    #29
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  10. sanj

    sanj Well-Known Member Premium Member

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    Nice work @geoffw hope all goes well
     
    sanj, 21st Jan, 2016
    #30
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  11. geoffw

    geoffw Moderator Staff Member

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    Well, that's what I looked like about ten years ago ;-)
     
    geoffw, 21st Jan, 2016
    #31
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  12. Lizzie

    Lizzie Well-Known Member

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    So is my FB photo - have to chuckle when people tell me how good I'm looking
     
    Lizzie, 21st Jan, 2016
    #32
  13. Azazel

    Azazel Well-Known Member

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    Look up 'Dad joke' in the dictionary, there's Geoff.
     
    Azazel, 21st Jan, 2016
    #33
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  14. geoffw

    geoffw Moderator Staff Member

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    We've been accepted into a mentorship program, where people with experience in startups help those startups in whatever area they need the most help- business, technical, sales, whatever. Something which will help us a lot.

    Six startups were accepted from 46 applications.

    It also puts us in a good position to get grants; and also to get into an accelerator program later on, which itself comes with a good grant.
     
    geoffw, 25th Jan, 2016
    #34
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  15. Chrispy

    Chrispy Well-Known Member

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    Great news Geoff. How does the Mentorship work. Do you have to go to visit or is it done online?
     
    Chrispy, 25th Jan, 2016
    #35
  16. geoffw

    geoffw Moderator Staff Member

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    It's one on one, face to face. There's three people who meet and give mentorship, each with a different expertise- it depends on what sort of advice is required. It takes place at the co-working space where we work.

    The main person who will be in contact with us had a travel website which was sold a few years ago for $210M (split between 8 or 10 people). My wife worked for them for some years.
     
    geoffw, 25th Jan, 2016
    #36
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  17. Lizzie

    Lizzie Well-Known Member

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    Fantastic news re the mentorship. How did you find out about it and apply? Any clues into who the mentors are? I friend did a week long mentorship with Richard Branson on Necker ... that would have been mind-blowingly awesome
     
    Lizzie, 28th Jan, 2016
    #37
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  18. geoffw

    geoffw Moderator Staff Member

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    We found out about this because we work in a co-working space. That's office space which is provided very cheaply to startups. There's a lot of hot desking- we work in there three days a week. So we are in contact with a lot of other startups. There are regular events where we get to know people from a lot of other startups- it's really interesting stuff. The people providing the cheap office space also provide the mentorship as well as other things go to help startups.

    There's three mentors involved, Richard Branson unfortunately is not one of them. I've mentioned one in a previous post; all are people who have started companies which have done very well.
     
    geoffw, 28th Jan, 2016
    #38
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  19. JDM

    JDM Well-Known Member

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    Please don't release a version targeted towards law firms :p I hate being micro-managed enough let alone it being done by an app.
     
    JDM, 4th Feb, 2016
    #39
  20. geoffw

    geoffw Moderator Staff Member

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    If lawyers do the same repetitive list of tasks every day, then I don't see why it wouldn't be useful.
     
    geoffw, 4th Feb, 2016
    #40
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