Finding the Most Painful Problem in a Market

January 30, 2020February 25, 2020 ~ Arvid Kahl ~ 1 Comment

When you're looking at a niche market, you will find many people having a large number of problems. However, people will only pay money for a tiny subset of those: the excruciating problems. You can solve many problems but still fail to build a business if you're solving the wrong ones. Your chances of success … Continue reading Finding the Most Painful Problem in a Market

The Power of the Niche

January 23, 2020February 25, 2020 ~ Arvid Kahl ~ 2 Comments

If you were to found a company that makes and sells beer today, you would probably start a craft brewery. You'd start a small operation, find the people who enjoy your product and slowly expand your business. You would not try to compete with Bud Light and Heinecken for shelf space. You would prefer to … Continue reading The Power of the Niche

Do You Need a Co-Founder?

January 16, 2020February 25, 2020 ~ Arvid Kahl ~ Leave a comment

Building a business alone can be daunting. You might lack a few skills; in fact, I am sure you do. There is a lot to learn when you start a company, and you will never stop running into unexpected challenges that require the acquisition of new skills and knowledge. So, should you find someone to … Continue reading Do You Need a Co-Founder?

So You Got an Offer: How to Do Due Diligence on Your Potential Acquirer

January 9, 2020January 29, 2020 ~ Arvid Kahl ~ 2 Comments

There is almost no better and, at the same time, terrifying feeling than when you receive an email from someone who wants to acquire you. There was great joy when that happened to us at FeedbackPanda. Immediately after, we started to think about the level of risk we were about to expose our company to. … Continue reading So You Got an Offer: How to Do Due Diligence on Your Potential Acquirer

Your Initial Pricing Will Never Be Right, But Try Anyway

January 3, 2020March 12, 2020 ~ Arvid Kahl ~ 1 Comment

When you're just starting, finding the right pricing model for your young business seems very hard and almost entirely arbitrary. That's because, at such an early stage of your business, it is impossible to find the "correct" price for several reasons. At the beginning of your business, revenue serves one purpose before any other: validation. … Continue reading Your Initial Pricing Will Never Be Right, But Try Anyway