5 Inspiring Tips from DHH's Startup School Talk
These are my favorite quotes from DHH's classic Startup School Talk in 2008. I find them insightful and inspiring to this day. Yes, there's the video, but I find that actually reading the quotes helps me a lot more.
If you want to read it all and get the full context, you can check it out here. And you can subscribe too. 😊
Subscription Service is the Way to Go
"How do you go about getting that million dollars? I’m even making that sound kind of easy, and in some ways, it’s not as hard as you think, and I think it’s because most people don’t look at the simple facts for these things.
💰 So let’s take the idea of a subscription service. A subscription service which has 2,000 customers and charge $40 a month over 12 months make a million dollars a year, that’s not bad. 2000 customers out of the total amount of potential customers out there, that’s not a lot of customers.
Serve Your Market Well
"If you’re opening a restaurant, you doing an Italian food. It doesn’t have to be the best freaking Italian food in the world it just has to be kind of convenient for the people around you and you can make a pretty good business out of that. I think there are too few people trying to make just a nice Italian restaurant in the web space."
If Possible, Sell to Businesses, Not Regular Customers
"Consumers are really fleeting things, they’ll pay you $5 for one month and they’ll decide they won’t need it anymore, turn it off and it’s really hard actually to establish a business here. So I’d advise if you’re trying to follow this model of selling services for money, going to the consumer shouldn’t be the obvious choice. There’s an easier way to go about this."
Start and Grow A Side Business
👉 "A side business is really not that bad, having a limited amount of time every day to work on something, or even having a few days a week to work on something really focuses you’re energy."
It's not a Marathon
"Another thing that’s interesting about the Basecamp story, we grew Basecamp for a year before it was big enough for us to say we don’t need to do consulting any more. People are in too much of a hurry. You don’t need to build that huge company over night. Most companies are not built over night."
These are just a few of my favorite quotes. If you found this useful, I would really appreciate you taking the time to subscribe to my newsletter. It's filled with really useful and inspiring information. Thanks for reading!
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