Like many of you guys im just starting out, and questions i thought would be easy to solve are faring not to be. Without getting into the weeds too much, im designing a product that will interface with an American homes utilities. Does anyone have a resource to find compliance's that one would need? Does anyone have experience designing IOT devices that interface with utilities that meet American standards? ie NEC, UL…etc
Good day to all.
Background, I cofounded and am the CEO of a tech startup.
Started the company almost 5 years ago, with the founding CTO having to leave due to an unfortunate illness from her daughter. With her blessing and help, I rehired someone new and took it from there to grow the company in the following years. We are around 20 employees today.
The past months (year?) has been a bit difficult for I'm sure may startups out there, as it has been for us, and I have been working tirelessly with the help of my COO and CTO, not to grow, but to survive.
Unfortunately, or the past couple of months I have been feeling a lot of frustration while working with them. While in the past years they would follow my leadership and decisions, nowadays it feels like the automatically want to rebuff any idea or suggestion that I may have.
Sometime it even feels like they want to fight the most trivial decisions or suggestions I make, just to make a point.
What I feel would take a day to decide and put people to work, now feels like days of constant going back and forth to find a compromise on the little details. It even feels they tag-team against me, even though they are employees and not founders/partners.
I feel tired.
My management style has always been the participation style, where I like to take input from the parties involved, and make a final decision. I feel however that they are taking advantage of this trust, and the fact that they know that in this current (financial) times it would be impossible for me to hire a new CXO team, with such specific tech and industry knowledge.
Sometimes I dream that I would just tell them to STFU and do as they are told, but I know that they'll do with the worst intentions and it is not the best examples of leadership.
I have thought about maybe letting go the COO, as I could take on the role myself, but it would probably mean that the CTO would leave, putting us in a difficult spot.
What can I do to regain respect without taking drastic decisions?
Thank you for your help.
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Hi everyone! My startup basically hosts virtual events to help ppl meet others. This is our current dilemma- we have been hosting tons of these virtual events for free to keep our users engaged and using the platform. We have also done a test to prove that people are willing to pay by hosting a week's worth of paid events and generated over $ 1300 in revenue.
We are now conflicted about when to start charging for all of the events. On one hand, we like having them free so that as many users as possible sign up and we can engage them, but we also need to move towards monetization. Does anyone have any advice about how we should go about doing this? Hosting more free events or charged ones? Any advice would be appreciated thanks!! 🙂
I need some feedback on an idea that I have. It’s something that has been stuck in my head for quite a while and I could use some honest feedback.
The idea is to have an online platform to help developers make a prototype fast. When developing a new product, having a prototype as early as possible (even just a simple model in the beginning) helps with short learning loops, getting early customer feedback, and explaining what it is you want to make. The platform would offer:
– education on design and engineering, think articles, videos, tutorials;
– a community of innovators/entrepreneurs/engineers to connect to if you need help;
– a community of makerspaces/companies who can build your prototype;
– a library of helpful 3rd party solutions such as software and services (such as design and simulation software) you can access at a discount.
The end goal would be to have a one-stop-shop for all your prototyping needs, from simple sketch tool to fully functional products. This could even be extended to (small scale) manufacturing later. Note that this is not instead of makerspaces and prototyping companies, but rather an extension to get in contact with these networks (at a discount).
The business model of this platform would be via a monthly subscription to get access to all of the above. Another income stream could be affiliate sales of the 3rd party solutions, although it should still always be available at a discount to members.
Given the years of experience we have here, I would love to hear your thoughts about such a platform. Would you be interested in such a platform? Why (not)?
I am in the middle of starting my own business to work along side my normal employment until i have the clients and confidence to make the leap into working for myself full time.
I am looking for a start up grant to make a home office as i wish to start off on the right foot and have everything in order.
Due to covid my income is not the best and it will be a few months until i can come up with the spare money to make the purchases.
Google just brings up high interest loans which i do not really want to get in to debt before i even start!
Thanks for any advice.