YOUR Startup - Why/ What / How

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This is a mini series of WHY / WHAT / HOW of STARTUPS.

Key Takeaways of the 3 part series:

1. Mindset shift

2. How to bootstrap a startup for less than an iPhone 5s

3. There is currently very low competition

4. List of resources that help me run my own business

5. Marketing tips to sell to the US. US market is 42x larger than HK.

6. My success stories and failures. Learn from me so you don't make the same mistakes!

Part 1 : WHY:

• make money

hiring managers use your current salary + 20%. Average salary 40k. Wait until job change for another 8k?

investing in stocks don't yield enough and you can always liquidate your inventory for what you bought it for if you need to pivot.

• to solve a problem.

a big problem for a few

a small problem for many

• move from consumer to producer

stop drinking the koolaid and mix it!

• save money by sourcing and seeing how much products REALLY cost.

• HK is an excellent place to startup due to location / time zone / business climate - no competition / excellent marketing examples / relatively affordable labor

• Increase your skill set.

• no office politics

• affordable shipping via HK SPEEDPOST

Key Takeaways: Mindset shift / You can startup for less than the cost of an iPhone 5s /

There is a cover cost of $50 (drinks included) which you can pay at the door.

Hope to see you all there!