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How do I become successful as a startup?

12/04/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Define your goal: define what you want to achieve with your startup.

2. Find an innovative solution: Find an innovative solution to an existing problem.

3. Build a strong team: Include experts from different fields to help you make your startup a reality.

4. Create a solid business plan: create a solid business plan that includes your goals, strategies, and funding options.

5. Use social media: Use social media to spread the word about your startup and build a loyal fan community.

6. Focus on customers: Make it easy for your customers to use your products and services.

7. Invest in your brand: Invest in your brand to create a strong identity.

8. Use networks: use networks to learn and network.

9. Look for investors: look for investors to fund your startup.

10. Don't be too proud to seek help: Don't be too proud to seek help and support from experts.

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Contract for work or contract for services - What is the difference?

12/01/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
A contract for work is a contract between two parties in which one party (the client) commissions another party (the contractor) to carry out a specific project at a specific price and at a specific time. The contractor is usually responsible for the performance of the work, the quality of the result, and compliance with the agreed schedule. A service contract is a contract between two parties in which one party (the employer) obligates another party (the employee) to perform specified work for a specified period of time in exchange for agreed-upon compensation. The employee is usually responsible for performing the work and keeping to the agreed schedule.
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Build press distribution list yourself or buy - These are the pros and cons

11/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Setting up your own press distribution list costs time - and therefore money. A press distribution list is a very important tool for sending your news to the right target group. There are two ways to build a press distribution list: You can build it yourself or buy it. Both options have their advantages and disadvantages.

Advantages of building it yourself

The most important advantage of building a press distribution list yourself is the cost savings. If you build your own mailing list, you can save some costs as you don't have to pay for the services of an external company. Also, you can customize your mailing list specifically to your needs and build it to meet your specific requirements.

Disadvantages of building it yourself

The disadvantage of building a press distribution list yourself is the time it takes to set it up. Tasks that need to be completed include researching and gathering contact information, setting up an email distribution list, and testing the distribution list. Setting up such a distribution list can take some time and can be difficult for some people.

Advantages of purchase

The advantage of buying a press distribution list is that it saves time. When you buy a press distributor, you don't have to invest a lot of time to build the distribution system yourself. Instead, you can use a pre-made distribution system that is already set up and ready to use.

Disadvantages of buying

The disadvantage of buying a press manifold is the cost. A prefabricated manifold system is usually more expensive than a system you build yourself. Also, it's likely that you won't find all the features you need in your own manifold, which means you may have to add additional features that can cost more.

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What advice should founders consider

11/29/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Develop a solid business plan. A business plan is an important foundation for your success because it contains a clear strategy for your business. It should include your goals, your products or services, and your funding strategy.

2. Be prepared to take risks. As a founder, you must realize that there are risks, but you must be willing to take those risks to move your business forward.

3. Follow simple rules. Founders should follow some basic rules, such as maintaining a good budget and a solid cash balance, maintaining a good credit score, striving for good brand awareness, and regularly reviewing their progress.

4. Be willing to evolve. Successful founders are constantly learning and adapting their businesses to changing market conditions. They must take time to acquire new knowledge and continue to develop to make their business successful.

5. Be prepared to make decisions. Founders need to make decisions quickly because of the speed of the market sometimes. They need to be able to react to changes and make quick decisions to move their business forward.

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How am I more convincing when talking to customers?

11/28/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Be a good listener. Maintain eye contact and give your counterpart time to present his or her arguments.

2. Be competent. Ask questions to learn more about your counterpart's issues and show that you understand the subject matter.

3. Be honest. Be honest and sincere about your products and services and make sure your customers understand what you are offering them.

4. Be positive. Make your customer feel positive and try to encourage them to try what you are offering.

5. Be prepared. Learn about your customer before the interview and develop a strategy to support your arguments.

6. Be professional. Be professional and respectful of your counterpart's opinion.

7. Be convincing. Try to present your arguments in a clear and convincing manner and convince your customer that you are the right person to address their concerns.

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