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Recent content by hyster

  1. hyster

    Still in the "finding ideas/finding needs" phase

    IDEA 
    I totally feel you, I have the same problem in life. I wish I had an answer for that but I haven't figured it out. One thing that sometimes helps me is that if the solution already exists and people are paying for it, it means it's valuable and has already been validated by the market. The only...
  2. hyster

    Business on the side and burning out

    EXECUTION 
    Thanks guys for all the feedback :) I totally agree with you about the fast approach and I think I will do my best to try it next time. In this case, we spent a huge amount of time on preparing the functionality for the tour operators to register and publish their offers by themselves. I was...
  3. hyster

    Business on the side and burning out

    EXECUTION 
    We were planning to add reviews and grades by previous participants of camps bought through our site, but firstly we need some of these :D We even thought of scraping some grades from google to fill some space in the beginning but eventually dropped this idea. Yes, corona came in a very...
  4. hyster

    Business on the side and burning out

    EXECUTION 
    Thanks for the feedback. We have been developing the app for 2 years, but went public and started sales only month ago. Some of the features were proposed by the bigger tour operators, they even mentioned that without one specific feature they won't be able to use our marketplace (automatic...
  5. hyster

    Business on the side and burning out

    EXECUTION 
    Hello folks, I have been working on a side business with colleagues for almost 2 years now. It's a very long time and we have gone online only last month. The service is a marketplace connecting parents with tour operators selling summer/winter camps for youth and children. Our business model is...
  6. hyster

    Where do you keep your money in the current environment to at least maintain value?

    INVESTING 
    I have my savings distributed like so: - 10% crypto currencies - 90% cash in savings accounts. (still building a financial cushion before doing any investments) However in this environment I'm really worried about the cash. The economy of my country is undoubtedly less stable than the US, and...
  7. hyster

    Does the feeling ever end?

    That's 100% true. In practice I already abandoned implicitly one of them, but still working on the other 2. The most difficult part is having full time job at the same time, I almost don't have time even for one business idea. Thanks for the tips.
  8. hyster

    How do you guys come up with a viable business idea ?

    IDEA 
    Once me and my friends started a challenge to generate 3 business ideas per day for a couple of weeks. This could be anything - ie. once I was trying to plug in a phone charger during night and couldn't reach the outlet, so I wrote down "SmartPlugs - plugs that you can easily plug in even in...
  9. hyster

    Does the feeling ever end?

    Thanks everyone for sharing your thoughts. We have done some research, however not that thorough. We know how big the market is, we have analyzed competition but ie. we don't know what profits they make and honestly I'm not sure how to find this information. We still don't know as much as I...
  10. hyster

    Does the feeling ever end?

    When I think of entrepreneurship or owning my own business, this what I think and feel: your idea doesn't make sense and you will never find a better one a competition is too huge, you will never be able to take even a single customer/partner from them profit margins in this field are too low...
  11. hyster

    Hello, I'm new here

    INTRO 
    Hello :)
  12. hyster

    Hello from Poland

    INTRO 
    Hello everyone, I'm from Gdańsk in Poland and I'm in the middle of the TMF book. I was born in a sidewalkers family, we weren't VERY poor, but definitely below average in terms of wealth. My family went through some issues, in one point we had to pay 60k PLN (it's like ~$50k adjusting to...
  13. hyster

    You're from where??

    HOT! INTRO 
    I see a lot of people from Poland recently, I'm from Gdańsk, Poland :)
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