Lesson learned: Too much overhead

Currently I’m working on an IT-Project for Daimler via T-Systems. To track the time we spend on the project we have to fill out time sheets in 3 different systems: an Access database, an online time tracking system, and in …
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Book review: The four hour work week & Crush it

Lately I’ve read 2 interesting books about how to start a successful (online) business. Although they have two very different approaches, both are worth the read if you are interested in these kind of things. The four hour work week …
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Product criteria: Avoid the all or nothing market

This post is part of a series about criteria that make a business idea a good bet. Go here for the full list. 3 years ago a few friends and I started a social network for travelers. We had some …
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Product criteria: Avoid the hype, go for the boring

This post is part of a series about criteria that make a business idea a good bet. Go here for the full list. Frequently new hypes pop up, they get pushed through the media, everybody wants to be part of …
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Product criteria: You are successful if your customers are successful. Use this for your monetizing model

Go here for an introduction to the product criteria list. The idea behind this point is very simple: If your customer earns money through your service (or saves money) he is more likely to pay for it. Ideally you get …
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Product criteria: Sell something

Go here for an introduction to the product criteria list. I know that there are some successful companies out there who had an idea for a great product but they had no clue how to turn that idea into money. …
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Product criteria: Make your product scalable, part II

Go here for an introduction to the product criteria list. Read part I In my last blog post I talked about scalability and the importance to have only one code base for all customers. But not every customer is like …
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Product criteria: Make your product scalable, part I

This post is part of a series about criteria that make a business idea a good bet. Go here for the full list. Read part II Traditional products are not very scalable: It takes a logger twice the time to …
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Criteria that make a business idea a good bet

Starting a new company / startup always comes with a high risk of failure. Its said that 9 out of 10 new startups don’t survive the first year. About 2 years ago my cousin Joscha and I met for a …
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