ZenBanx is an amazing new multi-currency mobile banking product set to launch very soon. We hope you’ll visit often to keep track of our progress, and maybe even become one of the first people to experience money that can travel as far, as fast and as simply as you do… around the corner, or around the world!  To learn more about Zenbanx, visit http://zenbanx.com

 

Founded by a small group of World War II veterans in 1954 to help immigrant families build a life away from the plantations, Central Pacific Bank has grown to serve the financial needs of all families and small businesses in Hawaii. The bank has a proud history of giving back to the communities in which we work, live and raise our families. Our values and sensibilities are local and focused on our customers and our community, allowing us to help create a better life for everyone in Hawaii.  Learn more about Central Pacific Bank Here

The professionals at RC Holsinger are dedicated to providing our clients with a level of personal service uncommon in the industry. We take the time to understand your organization and work with you to increase profits, improve cash flow, and retain the net worth that you’ve earned. RC Holsinger Associates, will provide high level of quality and expertise with a greater degree of accessibility to partners so they can truly be a resource to you. They share the entrepreneurial spirit that you possess and that allows them to truly partner with you in attaining your corporate goals. Learn more about RC Holsinger Here.

Your Startup Check List: 10 Things Every Entrepreneur Must Do to Launch a Business

Posted by Jonathan Greechan on 2013-10-08

Founder Insight gives you feedback from the startup trenches.


In this post from his blog, John P. Muldoon (Co-Director, Dublin Founder Institute), shares what he took away from a talk by Schoolspace CEO, Denise O'Grady. In her talk, Denise outlines 10 tips for entrepreneurial success, starting with identifying a problem - then working like made to take it to the market.

Below, 10 Tips for Entrepreneurs has been republished;

 

"Most entrepreneurial success stories are based on someone successfully identifying a problem — then working like mad to take it to market.

That happened to Denise O’Grady.

In her old job as a teacher, she constantly saw “the chain” break. These chains are arrangements where Parent 1 is notified of an event such as a canceled game.

Parent 1 is then supposed to text Parent 2 who is supposed to notify Parent 3 and so on.

“Invariably the chain broke and the 11th person never got to know the game was canceled,” O’Grady said.

Problem identified, it was time to fix it. That’s been done, and now O’Grady’s company Schoolspace is market leader in school-to-parent communications.

At the Founder Institute Information session, hosted by Lucey Technology in Blackrock, Co. Dublin, O’Grady outlined what the last five years have been like for her, and what some of the potential entrepreneurs can look forward to.

  1. Write down your idea. Get it out and down on paper. Then get it out there by talking to everyone about it. Chances are your idea won’t be stolen. In fact, the opposite is likely because people will want to help.
  2. Research. Talk to potential customers. What do people care about in your space and what, if anything, will they pay to fix it?
  3. “Be as absolutely accurate as you can with your math,” O’Grady said. Are costs calculated accurately? Are any assumptions likely to cost dearly if they prove wrong?
  4. “Get a customer,” O’Grady said. In the very early days of Schoolspace, “we were actually terrified of our customer, but they were the ones using the product and they knew exactly what was wrong with it,” she said. “Our customers have sold more of our Schoolspace services than our [sales] reps have,” O’Grady said.
  5. Sell the living day lights out of it.” If someone says they will buy your product if it had a feature, say it will then close the sale, O’Grady said. Then make the feature.
  6. Staff up. “We always have at least 2-3 interns,” O’Grady said.
  7. Get press. “You can, with a story, get incredible free publicity,” O’Grady said. However, it needs to be worked on and framed properly. Give the media valuable content. “They will publish it because you are doing their job for them,” she said.
  8. “Surround yourself with genius.” O’Grady said she worked in isolation for too long. Finally she started getting out. “Get as many coffees with as many well connected people as you can.” Experienced business people respect early stage struggle. “It’s amazing how many people want to help,” she said.
  9. Prepare yourself for a roller coaster ride. O’Grady said one of her mentors draws a wavy graph in meetings and says, “Just realize you are somewhere here...It’s not smooth and it never has been,” she said. “Try and balance yourself.”
  10. “Keep a helicopter view,” O’Grady advised. “You can work in your business or you can work on your business.” She said entrepreneurs should take a half day a week above their business to look at it strategically. This will answer questions like, “How we’re going to get to my vision.”

 

John P. Muldoon is co-director of the Dublin Founder Institute, which is currently testing demand to launch this Autumn. If you'd like to help bring this great program to Dublin, then fill out an Interest Form today. If enough people fill out this form and express interest by October 13, then the Founder Institute will formally launch a Dublin Chapter.

Like this article?

Subscribe to our NewsletterAttend a Free Event

Feedback Form

We welcome your feedback to improve the Institute. Please contact us using the form below, and we will get back to you promptly.
Your Email Address:
Message to the Institute:
What is ? (enter the answer below):
Close Window