Not sure if your data analytics are quite where they ought to be? Here are 12 questions you can ask yourself to determine where you stand.
- By now, nearly everyone has access to big data. So what sets you apart will be your ability to leverage that data to your advantage. But how do you know if you’re there? Or even on the way? In this post at Occam’s Razor, Avinash Kaushik helps you assess your culture to see if your data analytics are up to par.
It’s the moment every entrepreneur lives for — reaching the startup tipping point when you know your idea is actually a viable business. But as UnboundID founder and CEO Steve Shoaff recalls, as exhilarating as that moment is, it also means the pressure is officially on.
Whether you kicked off your company in your garage (hello, HP, Google, and Apple) at your kitchen table, or in a more official setting, there is one key milestone every entrepreneur strives to reach: Realizing that you have, in fact, built a real business.
In this edition of OpenView’s Founder’s Corner, UnboundID founder and CEO Steve Shoaff remembers the excitement and celebration that came with that moment — as well as all the questions and uncertainty that soon followed. The result is a candid look at what tends to be the untold side of many entrepreneurs’ founding stories.
In a sea of startups, you’ll be tempted to spend on shiny things you can showoff; Wistia CEO Chris Savage preaches founder frugality instead.
Ping-pong tables, fancy conference rooms, hi-tech desks, kegerators. None of these are uncommon sights to see in the offices of brand new startups across the country. But other than cultivating an image of cool, they don’t add anything to your company and detract from your bottom line. Wistia CEO Chris Savage went to great lengths in practicing founder frugality and believes his company is the better for it, as he explains in this interview at Growth Everywhere.
Nailing down the right product/market fit is a journey every company needs to embark on. Hear one success story from the founder of Kareo.
Even if you’ve got what you think is the greatest product or service known to man, if you can’t find the right product market fit, you won’t last long.
Not surprisingly, this need for establishing a business in the right market keeps many founders up at night. If you’re in need of a bedtime story with a happy ending, however, watch the video below to hear Kareo founder and CEO Dan Rodrigues explain how his company found its place in a sometimes-finicky healthcare market.
In a perfect world, building and growing your business would be smooth and predictable. But face it — you’re going to experience setbacks and you’re going to make mistakes. The key is how you respond. In this week’s Founder’s Corner, Instructure CEO Josh Coates explains why tackling hurdles head-on with transparency can win you customer loyalty and trust.
Downtime — the word alone is enough to send shivers down the spine.
The fact is, if you’re at the helm of a cloud or SaaS company, unscheduled downtime is a fear (and a reality) that you’re going to have to deal with at some point. In the case of open-source learning management solution Instructure, it unfortunately couldn’t have come at a worse time. Heading into the 2012 school year, just as many of Instructure’s clients — grade schools and universities across the country — were beginning to ramp up their usage, the company’s platform Canvas stumbled. For almost half a day, customers experienced slow page loads and timeouts.
“It was really bad,” admits Instructure CEO Josh Coates. “Typically in our market segment, when competitors experience downtime, it’s usually on premise and no one hears about the outage. Because we’re a cloud-based company, we had hundreds of schools (experiencing the outage at the same time). And even though they were accustomed to downtime from previous vendors, the expectations were higher with us.”
Plenty of things are going to change as your company grows, and that can make certain scaling problems harder to anticipate.
Scaling is great. After all, it’s the goal of nearly every startup. While you might start with an idea and a few people around a table, you hope to one day fill a floor or even a whole building and have a small army of customers. But as you grow, things change, and that includes the way you tackle and prepare for certain inevitable hiccups. Jason Cohen gives you ample forewarning on scaling problems in this post at A Smart Bear.
Every Olympics, athletes pull off truly amazing feats. Here are seven inspirational Winter Olympic moments with valuable entrepreneurial lessons to inspire you and your company to a record-breaking performance.
The 2014 Winter Olympics are underway in Sochi, and we’re already being introduced to a new crop of athletes, and incredible stories about the dedication and perseverance it takes to win Olympic gold. In the spirit of the games, we thought it would be appropriate to revisit some of the best moments from Winter Olympics gone by, and uncover the entrepreneurial lessons to take away from those legendary performances.
With Super Bowl Sunday right around the corner we’re highlighting five defining values of the championship teams and how you can apply their winning mentality to your business.
The analogy between business and football can go on and on: The fresh-faced talent procured from the college ranks may mirror your promising sales reps. The fierce fight among the NFL’s 32 franchises to reach the Super Bowl may remind you of your own race for success against your industry’s most aggressive competitors.
With just two squads vying to hoist the Lombardi Trophy on Super Bowl Sunday, ask yourself, what can you learn from these conference champions?