Hi Heavily depends on you payback time for customer (how long in months it takes you to get money back invested in acquiring them). If it is more than 12 months than you have to work on reducing the cost of acquisition. Without lowering the cost (and lowering the payback time) the growth wthout ...
Mistakes are good for those who learn from them but there is no logical explanation why you would choose to go through a long expensive and time consuming learning path filled with mistakes and 'lessons' when you can just learn as you go from an experienced individual who can help you reduce that...
This is a tuff one! As an entrepreneur, you will never be truly happy working for someone else. Not to say there is anything wrong with working for another company, it is just that entrepreneurs have a drive to innovate the process and shake up the market that just does not jive well with working...
I have a lot of background in live event promotion and also dealing with investors. Really it depends on the type and size of the event you are wanting to promote. Sometimes sponsors are enough to get you going depending on what the target market it is and if the ideal audience for the concert ...
Is it strictly a case of one or the other? Why couldn't you find part or full-time employment in an area that will develop your skill and dedicate the rest of your time to applying what you learn to building your startup slowly? Going full-tilt may be exciting but without savings, it can be diffi...
1. Start by focusing on the business problem, you want to solve, and how you want to implement the solution. 2. Don't be scared by the buzzwords (i.e. "If you don't use AI, you will be out of business in five years). Sometimes a standard report is fine. 3. Although you should start small by solvi...
I am happy to volunteer! I have a more "classical" background in mathematical statistics, and I have followed the distribution of artificial intelligence with great interest and curiosity; also because, I feel, that the actual application and real life-value of AI-implementations often drowns in ...
What I would recommend is to find out what your competitions are not doing. then figure out how you can add more value at that area. Adding more value to people life that out weight your competitions is the key to stand out.
One of the biggest challenges I’ve seen when applying AI to business is bridging the gap between technical capabilities and real-world needs. Many clients expect AI to be a magic fix, but they often underestimate the importance of clean, structured data. Another major hurdle is aligning AI models...