Week 10
Personal Lessons Learned
Always be on the lookout for success clues!
Since our business model is very similar to the one of tripadvisor we read through a lot of things about how the company managed to be worth more than millions. Did you know that they actually didn't start of with a travel review page and had to pivot their initial business model?
Be a detective and find the success clues, connect the dots and get inspired!
Since our business model is very similar to the one of tripadvisor we read through a lot of things about how the company managed to be worth more than millions. Did you know that they actually didn't start of with a travel review page and had to pivot their initial business model?
Be a detective and find the success clues, connect the dots and get inspired!
Business Development Lessons Learned
It's hard to get Bank Credit!
Since a start-up like us faces a lot of risks banks are not willing to grant us a loan since it is way too risky for them! They'd rather invest in a secure investment than in a troubleshooting, risky start-up!
Always look for Customer Feedback!
Gaining feedback from the customers themselves is worth a million. You can only win from this! You get deep insight into their perceptions and find out what you can do better in order to make them happier.
Since a start-up like us faces a lot of risks banks are not willing to grant us a loan since it is way too risky for them! They'd rather invest in a secure investment than in a troubleshooting, risky start-up!
Always look for Customer Feedback!
Gaining feedback from the customers themselves is worth a million. You can only win from this! You get deep insight into their perceptions and find out what you can do better in order to make them happier.