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8 Ways To Grow Your Startup Much Faster Than Your Competitors

8 Ways To Grow Your Startup Much Faster Than Your Competitors

Mike Tyson was once challenged by a competitor who boasted he had a plan to take the pro boxer down. When asked what he thinks of this plan, Tyson replied: “Everybody has a plan until they get punched in the mouth.”

Getting punched in the mouth is basically the story of every startup owner. Obstacles cause delays, but here are some things to let you roll faster than your opponents — fresh from the school of hard knocks.

1. First, try selling something

The #1 mistake that all founders make is that they think, “If I build it, they will come.” Generally speaking, this is false. The best sites on the web are probably undiscovered. But, we have a bias — we only hear about the successful websites.

From what I see at incubators, getting initial users or sales is by far the hardest part of a startup. So, I would recommend getting experience selling something before you jump in. To give credit where it’s due, similar methods are discussed in the book Four Hour Work Week, and the Sumo Business BluePrint:

The Sales Test

  1. Get a graphic designer to make a few “concept” screenshots (or product photos) and having a “preorder” or “sign up for the beta” form.
  2. Don’t get a custom website yet. To save time, use LeadPages, Weebly, Wishpond, or SquareSpace to build out a sleek web presence without coding. I personally like Weebly for the main pages and its really great blog support. I’d then recommend LeadPages or Wishpond as your landing page. (Search Google for landing page services.)
  3. Do whatever the heck you can think of to sell it: Kijiji ads, Google adwords, or Facebook ads, and send over some traffic. Be creative!

If you can’t get a few people to sign up or preorder, odds are your idea isn’t worth building out. But congratulate yourself! Unlike other failed entrepreneurs who try to sell a bad idea out of blind ego, you will keep trying other ideas until you find one that sells naturally, without 1000 pounds of stress.

KickStarter, IndiGoGo, or Experiment.com are great ways to sell after making your first prototype. However, here are some things worth mentioning:

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  1. Even building the prototype and sleek video is a lot of work. So, first follow the sales test I recommend.
  2. KickStarter is ideal. They don’t accept many types of online businesses; check their terms before applying. IndiGoGo is a much less effective platform, but will accept almost anyone. With KickStarter, they promote you. With IndiGoGo, I’ve found it’s completely BYOT (Bring Your Own Traffic).
  3. Spend time and money marketing your crowdfunding campaign. Search online for tips to promote it. Often, they recommend building up your social network 3 months in advance.

2. Use a platform

You want focus only on the innovation. So, even though it may seem more expensive, use cloud platforms. I’d recommend looking into Heroku, BlueMix, Parse, Google Cloud, or Azure. If your chosen platform doesn’t support cloud storage, look into Amazon S3. Each has it’s advantages and disadvantages. For more on learning programming, you can see my last Lifehack post: How to Choose Your First Programming Language.

It’s tempting to think you can reduce costs by using your own server or Amazon AWS (which is lower-level nuts and bolts IaaS, not PaaS), but there are so many little things that a platform does for you:

  • Setting up servers.
  • Dealing with scaling.
  • IT administration.
  • Often managing and scaling a database.
  • Managing your environment.
  • Easy plug-ins to 3rd party services.
  • Basic backend analytics.

It’s tempting to think you can do all this yourself and save a few pennies. But your labour cost is the most valuable asset by far. You should also invest in using an MVC (model-view-controller) architecture.

Use a Cloud Database

Often you have other data or analytics you need to keep in a central database. Sometimes, the best solution is your web host’s MySQL. But that can become a silo, since it’s often hard to get it access to any cloud services. Consider using a cloud database. Google offers a MySQL solution with a 60-day trial. IBM’s DashDB is a cloud database with 1 GB of free storage. DashDB is based on DB2. It’s extremely similar to MySQL, has some extra bells and whistles (like JSON and dashboards), and lots of docs (Full disclosure: I work for IBM). Amazon RDS has a free tier as well.

3. Use a landing page service

Landing pages require tons of work, bells and whistles to get perfected. So, use a landing page service like LeadPages.net or WishPond. Do not pay a web designer to make your landing page or attempt to code it manually. Landing page services might not look as perfect as you imagined, but there are important reasons to use them. It’s partially the powerful features that they provide out-of-the-box, but there’s more benefit than just that.

When it comes to landing pages, you constantly need to experiment. Plus, you then need to do A-B testing. It’s not realistic to move rapidly if you need your team (or yourself) to code this manually. Remember, it must look proper for all OSes, all browsers, mobile and tablet. That’s just not realistic if you want to move quickly.

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Once you’re 100% positive about the landing page that works the best, you can then invest in coding it perfectly if needed. Although I’d argue that with less work, you can use the landing page service permanently.

4. Get a cofounder

If you want to move fast, you need help. It’s really tempting to try to do everything yourself, but even if you work 24 hours per day, it’s not realistic. I’d say, try to find someone who you’ve known for a long time.

It’s well known that single founders rarely make it. In fact, most incubators will not even allow single-founder startups. If you look at Microsoft, Google, Facebook, or Instagram, you’ll see they all had multiple founders. Even if one person took the lead, they still relied heavily on their cofounders.

Don’t expect a perfectly even division of labour. But, ensure there’s honesty about how hard you each want to work. Remember, always go to a hackathon or two with your cofounder before you commit, to see how he or she works in a team — even if one of you doesn’t code. Do hackathons to learn about each other and the latest coding trends quickly. But, don’t commit longterm to random hackathon projects.

5. Focus on only one thing

Do not get sidetracked. Have no side projects — ignore this advice at your own peril. If you have any other projects aside from your startup, it should be work-for-pay and be only for the sake of paying bills.

I know it seems like side projects might pay off, but the human brain just doesn’t work that way. If you look at big cofounders like Bill Gates and Mark Zuckerberg, you’ll notice that none of them work on 2 businesses in parallel. There are many serial entrepreneurs, but almost no parallel entrepreneurs. I have confirmed this with almost every entrepreneur I know: Dividing focus is deadly.

You may be thinking of people like Richard Branson, but so far as I know, he launched Virgin Airlines 12 years after he created Virgin Records. In other words, he had the cash and name to hire many full-timers by that point.

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6. Go to an incubator

An incubator is critical. It’s not just what the incubator organization gives you. That’s often less than you expect. It’s about absorbing the experience of the other 20 cofounders.

To show the power of an incubator, here’s a story:

I was running my business in isolation before I went for a visit to Waterloo’s Accelerator Centre. In just 1 day, here’s what I learned:

  • I met 3 cofounders, all of whom shared sensitive financial details about valuations, the current investment climate, and details about specific investors I was thinking of contacting.
  • I discovered a government grant program for a limited time that would let me hire a web designer for free for 3 months. And, I knew it was worth the paperwork because other startups went through it.
  • They tipped me off about a “founders and funders” event I could attend, where investors casually meet founders (10x easier than fighting tooth and nail for each investor meeting).
  • Marketing techniques that practically worked for the founders.

And much more. Here’s a dangerous line of thinking I’ve heard many times: “I don’t need an incubator. I’ve read books and attended events. I was told I don’t need an incubator. I have mentors. I don’t want to lose equity or pay rent, etc.”

None of these are valid excuses. You don’t need to be in an incubator for a long time, but you must go for at least a basic program. Check out a few of them in person. But I would say, even a mediocre incubator is better than no incubator. There are incubators that don’t take equity as well. You can find a list at Angel.co.

7. Get it designed professionally, faster

Right now, everything is about design. Get a professional designer with a portfolio you love. Even if you’re a great front-end developer, a pro designer will take that design to the next level.

I’d look around at individual designers on 99designs or Dribbble (more expensive) and choose someone who you like to make your design. Also, I’d recommend choosing an existing design and modifying it, rather than letting the designer make something from scratch. Every time I ask a designer to do something from scratch, I’m unhappy. It’s just never going to be what you have in mind. If you have all the time in the world, by all means, let them come up with some concept work. But, if you want to move fast on a budget, start with a piece of work they already have and ask to use that as a base and change specific things (including colours).

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Ensure they pay attention to colour. Ask for the colour scheme. I know that sounds picky, but the biggest difference I’ve found between a good and bad designer is that the best designers pay special attention to colour: Every colour should be in your colour scheme.

8. Assume things will take much longer to complete

There is really very little risk to creating a startup, as long as you follow 2 rules: Budget for 1.5 years of having no personal cashflow, and go to an incubator. You may close a seed round in under 6 months. But, things often take longer. You want a really, really long runway.

The hard truth: Sometimes, that requires asking your parents or a relative to move back in, or asking your partner to cover your living expenses. Don’t try to start a business without relying on a loved one. It’s tempting to try going it completely alone, but it’s not realistic if you want to be successful.

There’s a reason why so few people start successful businesses. It’s not because people have bad ideas. It’s not because they don’t work hard. It’s because it just takes a really, really long time.

Similarly, when you decide to do something for the business, like improve the website or add a feature, keep in mind that it will take longer than you think. So be selective — focus on work that will have the greatest impact.

If you like this article or have further questions, feel free to reach out to me on LinkedIn or Twitter!

Featured photo credit: Mark Zuckerberg @ Cannes Lions 2010/Marco Derksen via flickr.com

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Last Updated on March 29, 2021

5 Types of Horrible Bosses and How to Beat Them All

5 Types of Horrible Bosses and How to Beat Them All

When I left university I took a job immediately, I had been lucky as I had spent a year earning almost nothing as an intern so I was offered a role. On my first day I found that I had not been allocated a desk, there was no one to greet me so I was left for some hours ignored. I happened to snipe about this to another employee at the coffee machine two things happened. The first was that the person I had complained to was my new manager’s wife, and the second was, in his own words, ‘that he would come down on me like a ton of bricks if I crossed him…’

What a great start to a job! I had moved to a new city, and had been at work for less than a morning when I had my first run in with the first style of bad manager. I didn’t stay long enough to find out what Mr Agressive would do next. Bad managers are a major issue. Research from Approved Index shows that more than four in ten employees (42%) state that they have previously quit a job because of a bad manager.

The Dream Type Of Manager

My best manager was a total opposite. A man who had been the head of the UK tax system and was working his retirement running a company I was a very junior and green employee for. I made a stupid mistake, one which cost a lot of time and money and I felt I was going to be sacked without doubt.

I was nervous, beating myself up about what I had done, what would happen. At the end of the day I was called to his office, he had made me wait and I had spent that day talking to other employees, trying to understand where I had gone wrong. It had been a simple mistyped line of code which sent a massive print job out totally wrong. I learn how I should have done it and I fretted.

My boss asked me to step into his office, he asked me to sit down. “Do you know what you did?” I babbled, yes, I had been stupid, I had not double-checked or asked for advice when I was doing something I had not really understood. It was totally my fault. He paused. “Will you do that again?” Of course I told him I would not, I would always double check, ask for help and not try to be so clever when I was not!

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“Okay…”

That was it. I paused and asked, should I clear my desk. He smiled. “You have learnt a valuable lesson, I can be sure that you will never make a mistake like that again. Why would I want to get rid of an employee who knows that?”

I stayed with that company for many years, the way I was treated was a real object lesson in good management. Sadly, far too many poor managers exist out there.

The Complete Catalogue of Bad Managers

The Bully

My first boss fitted into the classic bully class. This is so often the ‘old school’ management by power style. I encountered this style again in the retail sector where one manager felt the only way to get the best from staff was to bawl and yell.

However, like so many bullies you will often find that this can be someone who either knows no better or is under stress and they are themselves running scared of the situation they have found themselves in.

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The Invisible Boss

This can either present itself as management from afar (usually the golf course or ‘important meetings) or just a boss who is too busy being important to deal with their staff.

It can feel refreshing as you will often have almost total freedom with your manager taking little or no interest in your activities, however you will soon find that you also lack the support that a good manager will provide. Without direction you may feel you are doing well just to find that you are not delivering against expectations you were not told about and suddenly it is all your fault.

The Micro Manager

The frustration of having a manager who feels the need to be involved in everything you do. The polar opposite to the Invisible Boss you will feel that there is no trust in your work as they will want to meddle in everything you do.

Dealing with the micro-manager can be difficult. Often their management style comes from their own insecurity. You can try confronting them, tell them that you can do your job however in many cases this will not succeed and can in fact make things worse.

The Over Promoted Boss

The Over promoted boss categorises someone who has no idea. They have found themselves in a management position through service, family or some corporate mystery. They are people who are not only highly unqualified to be managers they will generally be unable to do even your job.

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You can find yourself persistently frustrated by the situation you are in, however it can seem impossible to get out without handing over your resignation.

The Credit Stealer

The credit stealer is the boss who will never publically acknowledge the work you do. You will put in the extra hours working on a project and you know that, in the ‘big meeting’ it will be your credit stealing boss who will take all of the credit!

Again it is demoralising, you see all of the credit for your labour being stolen and this can often lead to good employees looking for new careers.

3 Essential Ways to Work (Cope) with Bad Managers

Whatever type of bad boss you have there are certain things that you can do to ensure that you get the recognition and protection you require to not only remain sane but to also build your career.

1. Keep evidence

Whether it is incidents with the bully or examples of projects you have completed with the credit stealer you will always be well served to keep notes and supporting evidence for projects you are working on.

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Buy your own notebook and ensure that you are always making notes, it becomes a habit and a very useful one as you have a constant reminder as well as somewhere to explore ideas.

Importantly, if you do have to go to HR or stand-up for yourself you will have clear records! Also, don’t always trust that corporate servers or emails will always be available or not tampered with. Keep your own content.

2. Hold regular meetings

Ensure that you make time for regular meetings with your boss. This is especially useful for the over-promoted or the invisible boss to allow you to ‘manage upwards’. Take charge where you can to set your objectives and use these meetings to set clear objectives and document the status of your work.

3. Stand your ground, but be ready to jump…

Remember that you don’t have to put up with poor management. If you have issues you should face them with your boss, maybe they do not know that they are coming across in a bad way.

However, be ready to recognise if the situation is not going to change. If that is the case, keep your head down and get working on polishing your CV! If it isn’t working, there will be something better out there for you!

Good luck!

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