Posts Tagged ‘Boot Strapped Entrepreneur’

The Value of Living Modestly

Monday, December 27th, 2010

I’m really glad that somehow I learned very early on in my life to live modestly. I think it’s a principle that has eternal value and many people underestimate its power. I honestly wouldn’t be able to be living the dream and being an entrepreneur in Las Vegas if it weren’t for this principle.

However, I think one of the best features of modesty is the perspective it gives you. When you live a modest lifestyle, then your “splurges” still only amount to what people think are normal. However, from your perspective they’re absolutely fantastic and appreciated. For example, Christmas can be 10 times sweeter at half the cost just by living modestly the rest of the year.

Some of these same principles apply to business. In business it is called boot strapping it or a lean startup or getting by with what’s needed. I’m sure that some times I take them too far. However, I think that generally these principles are great business. At least when you’re building web applications.

There’s something incredibly valuable to a web application to be given constraints on what you can and can’t do. These constraints force you to narrowly focus on what’s most important. It means you have to be completely focused on a specific goal and nail it. There’s not room for fluff and extras which don’t add value.

Living modestly in a startup means you have a longer run way to test out ideas and improve those ideas based on customer feedback. Obviously, once you start seeing traction and you’ve been able to refine your customer acquisition model, then you can apply the gas. However, until then keeping your burn rate low (living modestly) means that you’ll still have enough gas to get to the next gas station.

Although, don’t underestimate the long term value of a company whose DNA is living modestly either.

Free Screen Sharing Application for Bootstrapped Internet Startups – Join.me

Monday, December 6th, 2010

Today I finally came across a great screen sharing application. I’ve used A LOT of different screen sharing applications, desktop streaming applications, remote desktop applications, etc etc etc and they have their niche, but this one is by far the easiest desktop streaming application that I’ve found (and it’s free).

The application is called Join.me. It’s done by the people behind the LogMeIn suite of products (which are good in their own right for more advanced users). However, Join.me is fantastic for those desktop streams that you want to do with people whose desktop you don’t control. There’s almost NOTHING to install. It uses Flash for the user viewing your desktop and a really simple exe download for the person looking to share.

I plan on using this for demos I’m doing for Giving Sports fundraising. It’s the perfect way to do a sales presentation. You send them a link, they click on it and they get access to your desktop computer. That means you can show them a powerpoint, a web browser, etc etc etc. Anything you run on your desktop you can show them and they don’t have to install anything. They can just click on the link.

I’m also planning on using this for helping my mom. Just yesterday I wished that I had a way to connect to my mom’s computer. It was too much to ask her to create an account and install LogMeIn. Plus, then she’d keep getting these update notices to update the software and it would confuse her. With Join.me she just does the one click download of the exe and then tells me the number. Awesome! Plus, after one use, you just tell her to install the app and it will put a shortcut on her desktop that she can use the next time she needs help.

Oh yes, did I say that it allows remote control of the desktop as well? That’s right, my mom can give me control of her desktop so I can just fix the stuff myself. So, I can not only see her desktop, but I can also fix it. Very nice!

There’s also a conference call number you can provide to people so a whole group could be on the same call. It’s not an 800 number, but that’s not a big deal for me at all. Most people have a cell phone or unlimited long distance.

The only problem I ran into is that it didn’t like my default screen resolution. I submitted a report to Join.me about it and so we’ll see if they respond. I just changed my screen resolution and it worked fine.

Anyway, as you can tell I’m excited. I’d wanted something like this for a while. It’s the perfect addition to a bootstrapped internet startup’s tool box!

Lean Startups Tools and Services List

Monday, October 4th, 2010

I prefer to call myself a boot strapped entrepreneur, but the in vogue term these days is to call it a Lean Startup. I’m sure some people would love to debate the definition of the two terms, but I’ve never found debates around terminology very beneficial.

Call it what you may, I was interested to see this list of Lean Startup Tools and Services. I use a number of the services on the list, but it’s always great to learn about new services and tools that can be used. Not to mention ones I’d wanted to check out and never taken the time. DropBox is one of those services that I’ve wanted to check out. So, I’m going to go and do that now. If I like it, I’m sure you’ll hear more about it.