Archive for ◊ March, 2010 ◊

Author: gita
• Friday, March 19th, 2010

My twitter Last week and this week I’m going through everybody I’m following and removing them. I already reduced people I follow from 600 to 300. I hope to reduce people I follow to 100-150 at least.

Don’t take any offense regarding it. I just want to follow people I know personally. And it hard to keep track of 600 people anyway.

But there is one good thing in all this. I’m creating lists that might benefit to you. So go to my profile and you can see following lists:
- Irish Enterpreneurs – people who setup their own business in Ireland
- Irish Web Creators – designers, developers, hosting providers in Ireland
- Training in Ireland – people who train and coach in Ireland
- Irish Online Businesses
- Financial Ireland – accountants, accounting companies and accounting software in Ireland
- Events Ireland – profiles that gives you updates on events in Ireland
- Marketers in Ireland

This is very nice list for anyone and I will keep it updated. Let me know if I add you in wrong list.

Update: It seems unfollowing people doesn’t really help much. I will be back to following everyone, but will be looking only at particular lists when opening twitter.

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Author: gita
• Monday, March 15th, 2010

Let’s be honest. To deliver a Beta for a project such as online accounting software, is not an easy task. Obviously, we had to celebrate it. See below photo taken in restaurant Yo Thai, in the middle of chefs performance.

Project is still for limited users only. Tweet me if you are interested to try it out.

Yo Thai

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Author: gita
• Monday, March 01st, 2010

Winner Mark Sugrue with Conor Lenihan (Minister for Science, Technology and Innovation)The prize of €10,000 for Best Investment Proposal went to Kinesense last Thursday. Another great start up from Ireland that plans to go globally.

While judges were thinking about whom should they award, I asked few people on their opinion. And most of them replied that Kinesense is the best choice. Both of the other projects were quite interesting and good so why such decision?

Here is few tips for your start-up if you plan to attract investors with your presentation:

1) Get clients. Before you even start developing something or planning, get someone who is ready to pay for it. This is basic step where most of the start-ups fail. Even if you have the best idea in the world and you have plan how to implement it. If there is nobody to buy it, investors won’t be intrested.

2) Good presentation. Sometimes good presentation, flashy facts win awards just because they give investors good insight on company. Who cares about your product specifics and technical details? Investor always asks the same question – what is in it for me? Be prepared to present – try it out with your family, closest friends before going to investors.

3) Good team. Very rarely you see investments that goes to one-person company. It is important for any start up to have good team that consists of different specialists. Investors actually want to see that if you get sick and can’t continue, somebody else will be able to do it.

4) Financial Projections. They are important. When will you start to get revenue? How quick your company will grow? And watch out for both – worst case and best case scenarios. If they aren’t realistic then nobody gonna believe you. Don’t forget to tell investors how much money you need exactly.

5) Milestones. Put realistic milestones in your plans. What will be achieved this year? What is achieved next year? Tell how you have been doing for last year and what you have achieved.

Kinesense were able to show that there is somebody ready to pay and somebody is using it already. It is somehow unfair that you won’t get money until you won’t start selling. But its the main rule in investment world.

**Note: Good news – I had enough time to update my IT & Business event page for March and bit of April. This month is really busy so don’t miss interesting events around.