Category: strategy

Rambo – the ultimate boostrapper

Posted on by Steve Sammartino

Rambo First Blood part 1, is a movie all entreprenuers ought invest 2 hours watching.

The key lessons is simple: The ultimate resource is creativity. It’s game winning. John Rambo single handedly defeats an army choc full of resources, through ‘creative boostrapping’. Bootstrapping which then invented new tactics the competitors didn’t even consider. Key words that come to mind are; Insight, Passion, Risk, Mind Control, Tenacity, Belief and Courage. This film should be the first lesson in any entrepreneurial learning forum. Be like Rambo and win.

25 years on this film still rocks. There are so many cool scenes I won’t ruin it here by explaining them. Better yet, go watch it, then tell us your favourite scene and why in the comments below.

Media diet – startup style

Posted on by Steve Sammartino

As promoted in the 4 hour work week a media diet is a nice way save time. For entrepreneurs a different type of media diet is required.

A business trends diet

Here’s how – avoid all business related articles as they pertain to new strategies & trends.

Here’s why – We already know enough to be successful. Our problem is doing the stuff.

Unless we are just starting in the business world – we’ve heard every strategy and the fact is that most ‘new’ business ideas are simple derivatives of business theories which have been around since the birth of commerce. Cables channels and tech stuff is the worst. Who’s got the time to read 86 posts from techcrunch every day? – not me.

We ought just trust our judgment and make the call that we know enough to get moving…and the rest we’ll learn on the job…. So in the spirit of this blog entry, ignore the articles you were about to read and get back to your stuff.

Outsourcing – Visuals vs Backend

Posted on by Steve Sammartino

As webpreneurs we all now employ offshore coders to develop sites using super cool resources like Odesk and Elance. The process is a simple one. But just like all things good, there are some catches. Here’s some advice from someone whose done, does it and occasionally avoids it.

The main thing you need is patience and very considered briefs. When there is a language barrier, ideas and words can be taken very literally.

Our experience is that some (not all) offshore IT practioners are indifferent with ‘visual’ requirements. Maybe it’s a cultural implication. And there are many things we’ve had done much better offshore, like finding creative solutions to technical problems. We’ve worked with some great creative bootstrappers. But it’s clear that more developed markets put a much higher value on ‘aesthetics‘. So we get all our rentoid visuals done locally, while we outsource alot of our backend work. It’s akin to a convenience store you might see in India, there just not quite as pretty as those in Australia and the USA. See below.

Western Convenience Store

Convenience Store India

Quick thought

Posted on by Steve Sammartino

Most of the important stuff is easy to know, hard to do.

Which why we must focus on action. We know what makes a great artist, sportsperson, laureate, or financier.

But chances are we are none of these. As we have not done it. We must act to become.

Formula for winning

Posted on by Steve Sammartino

Do, mistake, learn, improve, repeat.

Do, mistake, learn, improve, repeat…

Do it fast. Continue in perpetuity.

The key word is the first one – ‘Do‘. Unless we take action we remain largely philosophical about what might happen. It’s only when we act that we find out the truth and formula of startup success above can eventuate.


Engage your customers

Posted on by Steve Sammartino

Really the title should say “people” – we don’t do business with customers, it’s the greatest lie of all time. People trade with people. But I just gave it that title so I could teach people this who stumbled upon this blog entry…

So here’s how we do it at rentoid.com

We have a live chat session with our people. Answer all their questions, assess their concerns and just get to know them. Tonight we are doing it at 7.30pm Aust Syd / Melbourne time.

Go here to log on: http://rentoid.com/live

You can see the startup blog author in action live and see if he (me) can deliver it all live. So tune in, tell your friends and get a shout out!