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FAQs
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How does Microsoft Teams compare to Slack as a team collaboration tool?
It’s too early to be sure, at this point, since Teams won’t be generally available until Q1 2017, but Teams looks like it has a signNow superset of Slack’s features, with threaded conversations and deep Office 365 (Groups, Office Online, Office 365 Connectors, Power BI, Planner, SharePoint, Skype…) and Azure (Azure Active Directory and other infrastructure services) integration.Indeed, it might be simpler to think of Teams as a new user experience option for seamlessly combining a broad collection of communication/collaboration apps and services already available in Office 365, with a t...
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Is Microsoft teams a serious competitor to Slack in 2018?
Slack is great, but it’s a dedicated, separate platform.Office 360, on the other hand, is a suite that includes most anything a business needs, all the things they don’t need, and sometimes new things that they find out they need or don’t need.Teams is exactly what that is.Odds are that some of Slack’s user base is already using Office. Of those, many will switch to Teams, as it makes the most sense - they’re already paying for it, right?Then it will convert a lot of new users too - new users that may have gone to Slack.Thirdly, it will show someone the idea, but Slack may offer a better pr...
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How does Microsoft’s new Slack competitor do, as compared to Slack?
Layout - Which Application Gives Comfort Over Chaos?The layout of these applications appears like they have been cut from the same cloth. Like every team collaboration software, a left rail consists of channels or groups, conversations, tasks, and anything you have pinned to the top.The nucleus part concentrates on the details of the chosen conversation. And the right rail is subjective. For instance, Troop Messenger focused on the information that is one more layer deep such as filters, screen sharing and other contents of a conversation.It has to be understood that both are having a small vertical dashboard for conversations, contacts, and channels. Coming to Slack, it is busy as the bee.It is visually intense with eight customised themes giving end users a chance to alter the dashboard of their work space as they want.Furthermore, if you are a member of numerous workspaces, you can choose a different theme for each workspace giving you a crystal clear workflow.And Microsoft Teams does not short your expectations either. It gives you even more command over conversations with the help of personalized tabs.Speaking technical, MT has an additional vertical that consists of tabs like Teams, Chat, Files, Meetings, and Activity.Now, it is your turn.Messaging - Which Application Made it a Cakewalk?Both the applications offer instant messaging in one-to-one and groups/channels versions. These two applications have likewise messaging features such as supporting and sharing all types of media, editing, deleting, mentioning any member (in case of a channel) with @, threading etcetera.By any chance of speaking about differences, Microsoft Teams holds the cup with advanced designing tools within its messenger such as the possibility of changing the font color.Similar to WhatsApp, Teams also supports the feature of emoticon search. To elaborate more, when you are in a dilemma of which emoji to pick out, you can simply type the name of it and Teams get it for you. Also to messages, Slack permits you to signNow with smileys whereas MT has limited it to Like (thumbs up) symbol.Wrapping up, I would say that both Slack and Microsoft Teams have exceptional messaging features.Notifications - Which Application is legend-ary?Since notifications is a signNow feature in business messaging applications where end-users gets decided whether to halt or continue.Speaking of these two, I would say that Slack has star-studded features in customizing the notifications. You can set up the alerts of your preferred keywords, you can set you to personalize your notifications in terms of Do Not Disturb for a predetermined time or you never want to hear from that person or channel at any point.Slack even allows you to set distinct preferences for mobile and desktop versions.In Slack, users can update the status automatically if you are going for a meeting or lunch or just taking a quick nap. When it comes to Microsoft Teams, the settings are umm, a bit feeble. You cannot customize channel notifications i.e., the settings are applied to all channels; you cannot personalize for one particular channel leaving the rest as active.Also, Teams has provided only four options such as busy, available, away, and Do Not Disturb. Whereas in Slack, you can update the status as what you want. You can include text, image, emoticon and many more.For instance, if you are on vacation, chillin’ in the beach, you can keep the status as clinking beer mugs followed by a text up to January 3rd.Isn’t it legend-ary!? You tell me, please.Read here details report :Microsoft Teams VS Slack: How they are different from each other?
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What are the best ways to think of ideas for a startup?
When people share startup ideas, your job is not to poke holes into the idea, it’s to figure out how it can win. How could they become a billion-dollar company?I graduated from Y-Combinator which is arguably the world's best startup program, and they have a great model for thinking of and evaluating startup ideas.Startups are businesses that aim for rapid growth, and startup ideas are a hypothesis of why they can grow quickly. When considering whether or not to pursue a startup idea, It’s a good practice to break it down into three parts: problem, solution, and insights.THE PROBLEMPeople should always try to start by thinking about problems. In this way, your aim is to uncover the setting which allows your startup idea to grow fast. It also focuses your mind on creating the most value for people.Startup investors look for problems that meet some or all of these criteria:Popular - Everyone or a lot of people have your problem.Growing - The market (demand) is growing so fast that more and more people are having the problem.Urgent - The problem needs to be solved quickly.Expensive - The problem is expensive to solve, meaning that at a bare minimum it’s a multi-million dollar industry.Mandatory - People who have this problem NEED to solve it.Frequency - People encounter your problem over and over again in frequent time intervals. This one is super important as it gives people a lot of opportunities to turn into customers.The ideal startup for investors: has the potential of over 1 million users, has 20% market growth year over year, and the problem needs to be solved right now. Needly to say, It also has the potential to make billions of dollars.Some of the best ideas tackle problems that happen hourly or daily, so ask yourself “does the problem need to be solved today?”Bonus: Many great startup ideas were inspired by law changes!THE SOLUTIONThe greatest advice Y-Combinator give founders is to not start here when you’re brainstorming startup ideas. Focus on the problem. Do whatever it takes to solve people's problems/issues.Since we are starting out with a startup idea which is a hypothesis, we first need to think of the problem. Afterward, we go out and test our hypothesis by talking and testing with potential customers. Only after experimenting and talking to customers do brilliant solutions appear.(Elon Musk started by asking himself what were the most important problems he could solve? Many great founder and CEO’s started the same.)INSIGHTS / UNFAIR ADVANTAGESUnfair advantages relate to growth, and to be an extremely successful startup, you need one. You don’t need all of them but most billion-dollar startups have more than one unfair advantage.Unfair advantages:Founders - You’re 1 out of 100. Are you a super expert in your industry? Are you a Ph.D. student in a very small field? Are you an exceptional salesman? Being just above average doesn’t cut it.Market - Does the market have 20% growth rates or higher? Note that this is the weakest advantage you could have.Product - Your product is 10x better. it’s not enough for it to be 2x or 3x better. What makes it an advantage is that it’s hard for others to replicate.Aquisition - It costs $0 to get customers. Can it spread by word of mouth or do you have a free advantage? This usually means having a big social media following or audience from a previous business.Monopoly. As the company grows is it harder for competitors to win?One last thing to consider when evaluating ideas is your beliefs.What’s your threshold and can you create miracles?Ask yourself: can I even build my startup idea? How well can I do sells, tell a story, and convince customers? (critical for making money and keeping your business alive) Can I work through the sales process? Can I withstand hard times?—Here’s a free google spreadsheet to EVALUATE YOUR STARTUP IDEASI plan on writing every day about startups and business so feel free to follow me for more ideas, advice, and templates. Cheers and thanks for reading!
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Is 'Teams' better than 'Slack'?
I recently left Microsoft and was very hands-on with the Teams product, so please take that into consideration as you evaluate my response.The short answer is it, as always, it depends.If you’re a sub-100 employee company who essentially needs a good IM and collaboration tool, Slack is effectively the industry standard at this tier and is a no brainer.You should also consider that the standard culture at a company this size is likely to reject Teams and will go out and get their own Slack licenses and use this to communicate, regardless of the decision the organization is making.Now, if you’re a sizable enterprise, Teams is the way to go. Is Teams perfect? No. Is Teams easier to use than Slack? Nope, but in not very long Teams will be superior in every way to Slack, in my opinion.When Microsoft makes a decision to dominate a market, nothing can stop them from doing so, due to their deep resources. Teams is a huge priority for them. When things are a huge priority for Microsoft you can expect:Price to drop very low, and then become free as part of the Office 365 suite. If you’re using the Office 365 suite at scale, then using anything other than Teams will eventually make no sense financiallyFeatures tend to be pretty rough at first while they figure things out, but then they improve dramatically. Microsoft is brilliant at shipping products before it’s perfect (makes people angry, but get the name into the market fast) and then rapidly fixing all the problems and surpassing the competition.For small companies, Slack probably makes more sense right now. For larger companies, go with Teams. Eventually, I believe Teams will own the market in both categories.If you got value from this response, I have a free service that can help you quickly evaluate, negotiate, and buy the best technology for your company. My background in sales will accelerate the process of dealing with salespeople and take away the pain.Let me know if this is something that would be helpful.
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Why would a company choose Microsoft Teams over Slack?
Microsoft Teams was slow coming to the market, and so Slack certainly were quick to fill the gap - that Microsoft had left with its often fragmented and confusing product line.However that was 4 years ago, and now Microsoft having spotted the popularity of Slack, have not only moved furiously quickly to fill and match Slacks capabilities (a year ago), they’ve now sailed completely passed Slack and have left it in the distance and are accelerating away at a terrific pace.Slack was able to fill the gap that it did - because while Microsoft had similar capabilities (and more), with Microsoft they were slip amongst dozens of differing products often in silos, that meant they were Microsoft only or on-premise only or needed expensive servers and licenses to maintain them.So on the social chat side - Microsoft had Office communicator for presence (the green bubbles showing you if people were active), it had Live Meeting for scheduling meetings with groups of people and having bridge telephone numbers and VoIP to allow participants to collaborate and record calls.It had OneDrive for storing files in the cloud.It had Outlook for calendaring, Email and Tasks.It had Active Directory Security groups and distribution lists for managing access controls.It had SharePoint for websites, wikis, and Enterprise search.It had Skype for VoIP and PSTN phone integration, software based telephone exchanges and integration with physical digital phones such as Polycom and Logitech and other vendors.It had Multifactor authentication, Advanced Threat Protection, Identity protection, Windows Helo, Fingerprint sensors, Microsoft Authenticator, GDPR tools, Legal hold etc. for security and compliance.It Forms, Power apps, Flow - for work flows and business process management.It had development environments for extending functionality in the shape of Powershell, C#, Visual Studio.It had Azure for its backend, offering unlimited storage space - as well as SQL servers, ERP systems, virtual machines.It had an Enterprise video solution capable of transcribing spoken word into text using AI technologies and the ability to present it in a YouTube like interface.It had Bing to leverage a simple search which can be integrated into most platforms and integrate with Teams and O365 content.It had Yammer - for web based social networking.It had hundreds of integrations with third parties like Salesforce, Trello, Zendesk, GitHub, Smartsheet to leverage as interfaces to any of its applicationsIt had 2 billion devices running its operating system.It had the worlds most popular suite of content creation tools in the shape of Office running on Mac, ios, Android, PC and web.Now - In every single one of these things Microsoft is years and years ahead of Slack. Microsoft have simply been doing it longer, for many more customers, and have much greater depth in terms of capability in every single one of these areas.The ONLY thing Microsoft didnt have - was a single product that offered all these things.So Slack made a brief niche for itself - because it created a product which pulled together these types of technologies into a single product - and that product was extremely well received.However that was 6 years ago - and Microsoft are a VERY different company than they were then. Microsoft have utterly embraced other operating systems, they have completely moved away from their silos, or their desire to use Microsoft products to force people into having to use a PC or a Windows phone.Microsoft Office is now one of the most popular applications on Android and iOS. The web based versions of Office applications now run better on Google Chrome than in Microsofts own browser, and Microsofts next browser is based on Chrome.Microsoft Teams - is a staggering achievement.It has in almost no time at all - leapt to a parity with Slack (which happened about 2 years ago) - and then due to the weight and depth of the expertise that Microsoft have in each of these areas, has now sailed straight passed Slack and is now way out in front where Slack haven't a hope in hell of ever catching up.Microsoft Teams is Microsofts fastest adopted product in its entire history. This is simply because it does exactly what people want - and it does it in an uncomplicated, unfussy way that provides a huge amount of power and capability in a simple intuitive interface.Here’s an example of my Teams day.I have Teams running on my Android phone, on my home PC and on my work PC. If I dont have these I can also simply logon to any web browser from anywhere.I can make Voice of IP calls from Teams - and I can see photos and presence symbols for everyone at work, as well as for the various vendors and colleagues at other companies that I talk to - where we can chat through the app.I also have a genuine phone line assigned to my teams account - So someone can phone a genuine phone number to get me. When they call me, I can answer that call in all of these different ways: - From a physical Polycom phone on my desk ($10 on ebay) which is integrated into Teams, and which plugs into the company network is able to route these PSTN calls to my phone as though it were a real physical phone. - From my Android phone, which is running Teams- From my work hybrid PC which is running Teams and is plugged into a wireless Jabra ($10 on ebay) for clear voice communications - From my home PCIf I dont answer the call - then a recorded message of mine is played - and the caller can leave a message. Teams will take that audio message, and analyse it to turn it into text, and will present the missed call, the text of what was said, and a playback so I can listen to the audio of the message.If I wanted to do more with that phone capability, I can also configure hunt groups, to have calls routed to different staff, have recorded messages that say things like “Press 1 to speak to service desk, Press 2 to speak to marketing” etc. etc. - so Teams can replace entirely our company phone system.In addition my work phone has my personal SIM and a work phone SIM - so my handset has three different phone numbers I can use in different ways.In Teams I can schedule a meeting with various internal and external groups - of up to 250 participants (including people who are using the Free version of Teams). Those meetings are integrated into my Outlook calendar, and the system automatically suggests nearby meeting rooms that I can book based on their availability.When a meeting is about to start - My deskphone, laptop and phone - all have a join button displayed - so I can press one button and join the meeting. People I’ve invited to the meeting will be able to connect over Voice over IP, and through the app, but will have also received a telephone bridge - that lets any of the 250 people who dont have laptops/smartphones simply dial into the number.If I am in a work meeting room - the equipment in the room, also knows about my meeting, just because I am nearby (proximity sensor) and pressing one button causes the rooms microphones, multiple screens to all activate ready for the meeting. I can see people in a lobby area if its a private meeting, or I can add other participants or attendees by Email invite from Teams as well as by instructing Teams to dial them up on their landlines or cell phones.Once we’re all in - I can share slidedecks, or my entire screen or videos - and in fact any of the up to 250 participants can share their screen, as will as give others control of their screens (including sharing their android or ios phone screens with the rest of the group).Notes and minutes can all be taken in realtime in the app - and the web camera used by each person automatically blurs the background to allow you to focus on the participants. Teams analyses the voices of people in the room and keeps track of whose speaking. If I record the meeting, everyone is notified - but all of the cameras, screen shares, voice over IP and voice over phone lines or conference bridging is combined. After the meeting we receive a link to the video which we can play back online - and which will include who was speaking, and a transcription.The entire conversation in the meeting will be searchable to those with rights to that particular Teams channel. So you can jump straight to the part of the meeting which is about the topic you are interested in.Outside of meetings, we can all collaborate on documents and content in Teams. We can co-author so edit a document at the same time and see in real time all the changes. The documents are stored behind the scenes in online SharePoint offering a huge set of capabilities such as version control, approval workflows, automation, document labelling, legal hold and so on.We can search for the teams content in our Enterprise search or from Bing, or from the app. We can view company org charts of link to lists, or to wiki pages. We can integrate hundreds of third party apps such as DevOps, Salesforce, or Zendesk. We can trigger workflows based on use of particular words, or content changes or creation. We can create bots that carry out particular useful actions inside a team channel to assist with some particular process. I can write things like “Tell me who works with David in Finance”, “Who knows about Project Aspire”, “Who emailed me about Logitech licenses”.This is only scratching the surface, and there are hundreds of new capabilities Microsoft are developing and communicating about all the time in regard to Teams improvements. They’re adding meta data to documents, theyre auto translating languages, they’re adding SharePoint lists and so on.There is nothing to stop an organization coming up with an entirely new idea - and developing it to blast a lead over Microsoft or any other company.But whats new about Slack - is that its simply the combining of several areas of existing technology into a single cloud based product.What makes Slack attractive - isn't that its doing anything new, but that its a less complicated and simpler way to do things that we were already doing. People like it, because they get to set things up, without needing to go to IT. They get to run things without worrying about have they got the right version of something, or the right operating system.So that was all Microsoft had to do. They’ve definitely had to come a long way, and Microsoft of ten years ago, would have struggled with the internal battles as to which product took the lead, and should it be cloud or on-prem, and how expensive shout it be. The SharePoint team would have banged heads with the Skype team, who bang heads with the Yammer team and the Azure team and the Outlook team etc.~But thats not whats happened.Microsoft Teams has blasted into the scene - as a beautiful, cross platform, polished, deceptively simple product - which leverages whats good about each of these behind the scenes elements, without you being aware that they are even there.Because of that - it didnt have to play catchup with Slack once these elements were integrated, because they were already each in their own way - decades ahead in functionality.Also for a price ranging from free, to $8, up to $15 dollars if you also want the full office suite, and unlimited storage, and the 40 other applications that come with it - its O365 is a remarkable bargain.
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How can I stop worrying about what other people think?
Imagine you are at the Times Square in New York city. This is your first time at one of the most happening places in the world. And you are all dressed up for the evening.Imagine you are at the center. Hundreds of people are passing by. You see tourists and enthusiasts from all over the world, and how they look and carry themselves.This is you.You are suddenly conscious of your presence. Thinking about your appearance, wondering whether your hair is messed up, or your belly fat is showing up, or whether somebody’s judging you for looking weird. Anything. All that you are insecure about.You ...
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What's your opinion on the "Yes means Yes" law?
I think that as good advice, it’s perfectly reasonable.Every guy (and let’s face it, this law pretends to be gender-neutral, but it’s about guys) should absolutely be taking responsibility for being certain that he has full consent. If he doesn’t, he’s at best a jerk.But as law, it’s absurd. It effectively makes all sex into rape until and unless proven otherwise (and the guy is the one who will have to prove it).See, as a practical matter, consent is frequently verbal, or even nonverbal—under normal circumstances, consent can assuredly be implied from physical cooperation, even without any discussion at all.As a practical matter, even if you wanted to be really sure, you could just ask, “Is it OK if I do [this]?” “Is it OK if I do [that]?”But now think like a defendant.Imagine you’re before a court (or, in this case, a disciplinary committee or J-Board), and they ask, “How did you obtain consent?”“Well, Your Honor, she gave me this look that always means she wants it, and when I touched her, she sighed and leaned into my hand…”Great… you’re being perfectly sincere, and in a healthy relationship, those signs would be perfectly valid. But in this relationship, your girlfriend has recently become convinced that you cheated on her (you didn’t, but there’s no telling her that…), and she wants to make you pay.So, trying to actually explain those signs to the court (or board) just makes you sound like… well, every skeezy rapist ever. “I knew from how she acted that she wanted it” is pretty much the stereotypical rapist excuse.Or even imagine this: “Your Honor, I asked her permission at every step, and she said yes every time.”“No I didn’t! He’s lying! He raped me!”These days, school administrations are petrified of being accused of “revictimizing” rape victims by not believing them, or by subjecting their testimony to rigorous examination. If it’s just your word against hers… then you’re a rapist, period.So, now, as a practical matter, you’d better have a signed consent form.But, wait!“Affirmative consent must be ongoing throughout a sexual activity and can be revoked at any time.”“Your Honor, I have here a signed consent form, detailing what sex acts she consented to, and what time period she was agreeing to.”“Yes, I signed that—but then I told him I revoked my consent, and he kept going. He raped me!”“She never said that, Your Honor, I swear. She never gave any indication of revocation.”Oops—you’re a rapist again.So, as a practical matter… I guess you’d better videotape the whole thing.That’ll protect you… right up until good ol’ California passes an additional law “for the protection of victims” that prohibits any “explicit recordings” of the “victim” from being displayed as evidence—after all, it would be profoundly traumatic for a “victim” to have her “rape” graphically exposed to administrators and fellow students, right?Moreover, let’s get back to that whole gender-neutral thing.It seems clear to me that any law which specifically placed the burden of proof on men would be a serious Equal Protection violation. So the law needs to be gender-neutral.So, let’s consider this our “acid test”:A man approaches a woman in a college bar, and starts hitting on her. She says, “I want to have sex with you,” and they do.In the ensuing sexual assault proceedings, should the defendant be held responsible?After all, her partner never gave affirmative consent. She just assumed his consent by the fact that he went along with it.But in fact, he was tipsy and she wasn’t, and he’d rather say it was nonconsensual than take responsibility for cheating on his girlfriend.If you can imagine a scenario in which that woman gets held responsible for rape… then you’ve got a future career writing fantasy fiction, because it’s about as likely as the Women’s Studies Department being chaired by the Greek goddess Artemis.Now, let me be clear:I know that, while not as low as 2%, false rape accusations are not exactly common. Most women will not accuse a man of rape just to get back at him for a bad breakup, or to cover for her own infidelity.But the protections of the legal process don’t exist for most cases—in most cases, the guy the cops arrest for murder is the killer, but that doesn’t mean we stop having murder trials and skip straight to sentencing.Any just law should always err more to the side of potentially failing to convict a guilty defendant, than the side of potentially convicting an innocent defendant. This law, however, makes it nigh impossible for an accused man to prove his innocence (not to mention that the very idea of needing to “prove innocence” is repugnant to our legal traditions and civil rights).Hence, this law is unjust.
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How do you start a company? What is the minimal set of administrative hoops that one needs to (and/or should) go through to turn
Every step ??? Okay - Here is every small step in the chronological order Hope it helps - The Sure Steps - 1. Figure out what change you want to make in the world. Nothing else matters and you should not even be beginning a company until you know the change you are passionate about making, personally and professionally. 2. Begin researching the industry and your competitors. 3. Determine how to create your product. 4. Talk to potential customers and users for feedback. 5. Come up with a name for your company and product. 6. Build your pitch deck. This is particularly important if you need to raise funding. 7. Create pro forma financial projections. These should show the next 3-5 years, and include a pro forma income statement and a pro forma cash flow statement and balance sheet. 8. Determine how much capital is necessary to get to cash flow positive by calculating your cash flow breakeven point. 9. Get feedback on the pitch deck from your mentors, advisors, friends, and family. 10. Find a cofounder, if needed, whose skills complement your own and can help you achieve more. 11. Select a quality corporate law firm in your area when you are ready to incorporate and get some legal advice. 12. Incorporate and obtain an Employer Identification Number from the IRS 13. Open your company bank account. 14. Talk to your attorney about whether you should make an 83b election. These are often important in signNowly reducing your taxes in a very legal way by paying your taxes upfront when you start a company. 15. Build a basic product prototype or Minimum Viable Product(MVP), a term coined by Eric Ries which has become very common in startup circles over the past couple of years. 16. Create employee agreements for everyone 17. Create confidentiality agreements for everyone, both employees and contractors, from the beginning. 18. Hold your initial Board of Directors meeting, which could just be with yourself or maybe two board members that you appoint. 19. Create your Restricted Stock Unit (RSU) plan and/or your stock options plan that enable you to provide equity ownership and incentives to your employees to gain ownership in the company over time. Often you want to vest those options over a period of four to five years. 20. Issue your stock certificates to yourself and to your initial founding team. 21. Fund your bank account with the initial capital contribution either coming from yourself, friends or family, or peer-to-peer lending organizations like Fundable or Kickstarter. 22. Determine whether you need outside capital to start. 23. Raise any initial capital you need. 24. Get a company debit card and credit card and apply for a corporate credit line if you need to. 25. Set up your accounting software and begin putting in your chart of accounts. 26. Select your payroll provider so you can actually pay your employees. 27. Consider trademarking the names of your company and product. This is something to discuss with your lawyer. 28. Design your logo. 29. Create some business cards. 30. Find office space to work out of (if you need to.) 31. Furnish your office. 32. Purchase any software or hardware you need. 33. Get Internet access set up, which is obviously critical in a tech company. 34. Obtain a Universal Product Code (UPC) if your product is going to be sold in stores. 35. Design any labeling and packaging if needed. 36. Finish your initial alpha/prototype product and bring it to market regardless of whether it’s a tangible product or an intangible software good. 37. Get initial user and customer feedback. 38. Order your initial inventory, if needed. 39. Register your domain name 40. Design your company website. 41. Install a tracking tool like Google Analytics on your website 42. Add a shopping cart if you choose to pursue e-commerce. 43. Get a merchant account if you want to accept credit cards. 44. Sign up for an email list tool like iContact or MailChimp. 45. Optimize your website for the search engines by adding content or adding a blog and getting other websites to link to you. 46. Install a Customer Relations Management (CRM) system—a tool that can track your customer base and the interactions you have with your customers and users. 47. Hire your initial staff to be able to begin your operations. 48. Create your company values and mission statement 49. Announce your product launch to the local media. 50. Hold your launch event and start selling. Those are the first 50 steps to being ready to sell your product. The next 50 steps are all about once you start selling, how you can build your business to your first million dollars in sales. 51. Hire a team to fulfill your orders and provide customer service. 52. Start an affiliate program or distributor program, which enables you to get other people to sell your product for you for a percentage of the sale. 53. Recruit affiliates and distributors. 54. Set up an ad tracking system so you can track your advertising and the results, conversion rates, and cost per lead. 55. Try different online advertising techniques like cost-per-click advertising with a small test budget. 56. Get some results for that advertising. 57. Optimize and scale it as needed. 58. Determine the cost of acquisition per lead for each channel. 59. Determine the conversion rate for each channel. Then you can combine those to determine the customer acquisition cost by channel. 60. Calculate the lifetime value (LTV) of a customer. Once you know that, you’ll know how much you can spend to acquire a new customer, which is critical to being able to scale your business’s marketing scientifically. If you can combine great storytelling with scientific marketing and trackable channels, you can rapidly grow your sales. 61. Test your marketing and advertising with a bigger budget now that you know your LTV. 62. Test social advertising and display ads, and calculate the return on investment. 63. Scale your advertising up until the marginal cost of customer acquisition is equal to the marginal return from that customer acquired. 64. Optimize your advertising to bring down your customer acquisition cost. 65. Collect testimonials and use cases from those customers and perhaps even build a few PDF case studies. 66. Create social word of mouth for your product, using a tool like HootSuite to manage what’s being said in the media about you, your product, and your brand. 67. Create a YouTube video promoting your product. 68. Attend an industry trade show or conference. 69. Consider selling your product in bulk at wholesale to get more sales and initial brand awareness. 70. Bring on a bookkeeper to automate your accounting system so you can stop doing it yourself now that you may have started to have some real revenues. 71. Create an employee directory, once you get beyond a handful of employees. 72. Begin reviewing your profit and loss (or your income statement) and your balance sheet monthly. 73. Compare your initial forecast with actual results. Take the budget that you created before you began and compare that initial pro forma forecast with your actual profit and loss results. Compare the deltas and talk about them as you create your next iteration of your budget. Eventually you’ll begin creating budgets annually and locking in those budgets and calling those the plan, and then comparing actual results on a monthly basis against your annual board-approved plan. 74. Hire your first salesperson. 75. Create a sales compensation plan that enables you to pay someone either on a percentage of sales basis or based on the units they deliver by converting customers or up-selling customers. 76. Set up a company healthcare program and other benefits for your employees. 77. Establish your vacation policy. 78. Test offline advertising carefully. You’ll want to put some toes in the water around offline advertising like direct mail or maybe local radio, and begin to test and get results and determine if it works for you. It takes a lot of testing to make your offline advertising scale. 79. Create an online wiki or intranet for your company where you can keep track of your processes. 80. Create a digital company handbook that can be edited and improved by your employees, like a Wikipedia article. 81. Open up a credit line with your bank. The best time to go after funding is when you don’t need it. If things are going well, go ahead and open that credit line. 82. Create an offsite work policy. Some of your employees may want to work remotely. Generally, as long as they’re getting their work done and are able to show up to the meetings you do have, which should be pretty minimal initially, you should be able to enable them to work offsite a couple days a week. 83. Once you can show that $1 in means $4 in revenue, raise capital.Until then, bootstrap as much as you can. Only raise your initial round of capital once you have a mathematical model for scalability, then go out and raise a true series A round of funding if you choose. 84. Create a list of firms from which to raise initial growth funding. 85. Update your pitch deck with the new data, new mentors, and new team members. 86. Build relationships with industry bloggers and different people in the media. 87. Seek product reviews. 88. Hire an Executive Assistant (EA) or an office manager to manage your schedule and the business’s day-to-day tasks. 89. Hold your first company retreat. 90. Take customer feedback and improve your product. You will want to create a product management process to incorporate customer feedback on an ongoing basis. Use this process to take your initial alpha, turn it into a beta, and then turn it into a general release, incrementally improving as you go. 91. Get connected to investors through people you know. 92. Have initial get-to-know-you meetings for investor feedbackabout six to nine months before you’re ready to raise capital. 93. Under-promise and over-deliver on your financial and milestone results for the next 90 days. 94. Determine how much capital to raise. A good rule of thumb is to raise at least twice as much as you’re going to need for the next one year of operations. 95. Return to the firms you like for partner presentations. 96. Do 20 partner presentations in 1-2 weeks. You need to have a disciplined, tight process for this. 97. Get at least two term sheets. 98. Negotiate and sign a term sheet. 99. Complete all the diligence requests that come to you 100. Close on your investment capital. Make sure the wire hits your bank account. Now it’s time to grow and scale a real company. The hard work now begins
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it/PV4eVY — Donald Trump Jr.'s Lawyer (@mandy_cooper13)
Trump Jr. also sent the email after news broke that former acting Attorney General Sally Yates had alerted the White House that Flynn might have lied about discussing sanctions with then-Russian ambassador Sergey Kislyak.
The White House, which initially said that Trump didn't know any details about Flynn until he learned about it later — then said that the president only found out about them through media reports — has faced questions about why Trump's son was seeking to establish communications with the Russian government in the first place.
In a series of tweets, Trump Jr. denied that he and others had received the emails, and called the Times story "a COMPLETE and TOTAL FABRICATION" of his meeting. He said the Times' "fictional account" was "100% made up."
This morning's NY Times Magazine cover: "How Vladimir Putin Created Donald Trump." — Donald Trump Jr. (@DonaldJTrumpJr)
Flynn's resignation Monday came the same day that he was interviewed by FBI agents about the meeting — as part of Robert Mueller's probe of Russia's meddling in the US presidential election.
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