5 Questions you need to be able to answer as a start-up
As I go around some of the start-up events in London, lately I keep hearing the same questions over and over again. So to save some time for other budding entrepreneurs, make sure you can answer the following:
- How long have you been established?
- Where are you based?
- What is your business model?
- What do you do?
- What makes you different?
Lets get to the true meaning behind these questions.
How long have you been established?
Is a way to partly gauge your level of success and see at what stage the business is at. Have you been around for a while (and have something to show for it) or did you form the company yesterday?
Where are you based?
Are you two guys in a garage (nothing wrong with this) or do you have an office that people can drop by.
What is your business model?
Where is the money? (more applicable to a product startup)
What do you do?
self evident
What makes you different?
Why should I care about your product/service, or do we really need yet another social network/facebook/iphone/twitter app
So in our case, it's:
1. Since April '09, we've built kohive, teepay, and @tweetarium and we've also done a number of short Rails consulting contracts
2. London - offices on commercial street
4. Same as 3
5. We specialize in fixing bugs, improving performance and bringing your application to completion, but we're also brilliant at building web apps from scratch
