It is time we start introducing you to some of the team. In this installment, we take you into the deep, dark, and apparently violent world of Kent Smith (Coat). And, I get punched in the face…
Starting Up a Startup - Profile: Kent Smith from Royal Ants on Vimeo.
We receive a comment from one of our users, Ben, who asked us the following:
“hey love your startup vlog.. i cant wait for the next installment! Can you please get into the logistics of running a startup? being in the same situation as you (starting out with a group of friends) how do you tackle the legal aspects of the startup, the hours put in by each member, the duties, the funding for daily activities… I dunno can you walk us through a typical day in the life of your startup? walk us around the office or something… that would be fun :)”
Ryan is working on the video portion, which will be the walk around the office. Which are all going to be separate videos because we all work from our homes. We are attempting this with no funding at first, which means we don’t have an office as offices cost money and we don’t have any to spare. However, the rest of the questions I can address right here and once Ryan gets back from Sundance he’ll be adding his piece to it.
We are an LLC and so how we setup our company was already covered in this article I did about the different business classes available in America.
These two things are crucial when creating a business. How viable is your business, and how are you going to treat your customers. Both determine how long your business is going to be around and how well they are going to survive. You can have a killer business model, but if you have abysmal customer service you are going to fail. No one wants to do business with a company that doesn’t care or seemingly hates their customers. The same goes for your business model. You can have the best customer service in the world but if your business model ends up negatively impacting your customers they won’t be your customers for long.
What brought about this as a topic was my own recent dealings with a little company known as Citi. Now you might be thinking this is just me complaining, but trust me, I have some good points on building your own business strategy, so please. Read on.
I have been a faithful customer for years. Always paid my bill on time, kept myself in good standing with them and just recently I received a notice that they are doubling my APR for no reason. When I called their customer service to ask why I was being punished for being a good customer their reply was “You’re not being punished this is just the price of doing business with us.” What?
You are a Pyramid Scheme. Are you PASSIONATE enough about your product to SELL it?
Starting Up a Startup #5 - You Are a Pyramid Scheme! from Royal Ants on Vimeo.
Money! by Yomanimus
The economy, the bailout, small business, big business, no loans, financing troubles, newspapers going out of business, millions of jobs lost so far and more to come. One can’t help but think we are in for some much darker times before we see the light, but does it really have to go that way? Maybe a little it does, but does it have to be as bad as everyone says it’s going to be?
Being in the position of starting a business involving more people than myself I have been thinking about what I would be doing in this position. What if RoyalAnts was looking at cutting expenses? Where would we start where would we look to shave some of the financial fat? What does this have to do with Starting up a Startup?
Sit down, make yourself at home and I’ll tell you.
Hello! This is installment #4 of our video series. What is your New Years Resolution for your business?
Starting Up a Startup #4 from Royal Ants on Vimeo.
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