Oh, for sure! Buffets and those motorcycle shops got hit hard by those high rents. I've also seen indie bookstores and local theaters feeling the pinch. High rents plus online competition? Tough combo for many local spots. π
georgeofjungle7
joined 1 year ago
Hey there! First off, big props for launching and maintaining a platform for two years β that's no small feat. π
Here are a few suggestions that come to mind:
Community Building: The startup world thrives on networking. Consider starting webinars, online meet-ups, or AMAs (Ask Me Anything) sessions with successful founders or industry experts. This can pull in more active users and get the word out about your platform.
Content Marketing: Share success stories of startups that have benefited from your platform. Write articles on the startup ecosystem, finding co-founders, the dos and don'ts of pitching, etc. This can establish your platform as a valuable resource, not just a service.
Partnerships: Partner with accelerators, incubators, or co-working spaces. They might have startups looking for co-founders or key hires.
User Experience (UX): Get fresh eyes on your platform. Conduct UX reviews to identify pain points or areas of improvement. Sometimes, minor changes can lead to major user retention.
Engagement: Periodic check-ins or newsletters featuring top pitches, platform updates, or resources can help in retaining users and keeping them engaged.
Feedback Loop: You mentioned that you've acted on feedback before. Consider doing another round of feedback sessions. The startup ecosystem changes rapidly, and the needs of today's founders might be different.
Lastly, remember it's okay to feel stuck sometimes. It happens to the best of us. Your passion and dedication to your platform are evident. With some fresh strategies and a bit of pivoting, I'm sure you'll find a way to rejuvenate it. Hang in there and best of luck with Cofinds! ππ
Hey there! Software developer here, and I've gotta say, this sounds like a really fresh idea. I've always thought that if we can't beat the AI wave, why not ride it? πββοΈ
The way you're approaching it β using AI as a tool for learning and not just as a subject β sounds super engaging. Like, imagine having an AI tutor on demand? Thatβs some next-level stuff right there. Plus, the whole flashcards thing? Genius.
But I've got a thought: you might want to consider a freemium model or some sort of trial for schools. Sometimes it's tough to get institutions to adopt new tech without them having a taste of it first. Maybe even partner with a few profs or schools to test it out and gather feedback?
And you're so right about teaching the younger gen about the potential of AI. We've got this crazy powerful tech at our fingertips; why not harness it for good and make learning even more awesome?
Best of luck with your venture! If you ever need beta testers hit me up! π
I was in same position a few months ago when I created an LLC, but I just ended up going with Wells Fargo after some research.
Oh man, that's a tough situation you're in, and I genuinely feel for you. Here are a few things you might consider:
Consult with Professionals: Firstly, it might be worth speaking to a business consultant or turnaround specialist. They might have some insights or strategies you haven't thought of. And given the magnitude of the debt, consulting with a bankruptcy attorney (even if you hope not to go that route) might provide some clarity on your best options.
Negotiate with Creditors: Sometimes, especially if they believe the alternative is bankruptcy, creditors might be willing to negotiate a reduced balance or better terms.
Rebrand and Relaunch: Given that Google tanked your site after the hack, consider rebranding and relaunching under a new domain. This is a bit of a Hail Mary, but it could be an option.
Pivot: It's possible that some elements of your business could be salvaged or repurposed for a different niche or market. You have experience, knowledge, and possibly some assets that might be usable in a new direction.
Self-care: Your mental health and wellbeing are paramount. Make sure you're speaking to someone - whether it's a therapist, counselor, or supportive friends and family. Running a business is stressful, even more so when it's in a challenging situation.
Assess Future Revenue Streams: Before diving into further debt or bankruptcy, do an honest assessment of any potential untapped revenue streams for the business. Could you diversify the product lineup, or offer consulting, or even pivot into a related but different niche?
Finally, remember that many successful entrepreneurs have faced tremendous setbacks and even failures. It's how you react, learn, and grow from these challenges that define the journey ahead. Whatever path you choose, wishing you strength and clarity during these trying times.