Hydra-Software-Services

Hiring a Fractional person provides Reduced Administrative Burden. Here is how you can accelerate your startup business whilst managing cash flow. Streamlined HR Since fractional contractors are usually independent, you don’t have to manage traditional HR responsibilities like benefits administration or performance reviews. Appreciate in an early stage startup you may not be thinking about performance reviews. Easier Termination Ending the engagement is straightforward, with no severance obligations. Not as bad as it sounds. If investment is strapped or an investor backs out, or investment is late. Fractional contractors expect the unexpected. We anticipate stepping away on a moments notice. Need a Fractional COO for your startup, DM me. ________________________________________ Follow Hydra-Software-Services for advice or services to support your business. #sales #marketing #operations #product #software #gamification #finance #legal

Hiring a Fractional person is cost effective. Here is how you can accelerate your startup business whilst managing cash flow. Lower Overhead Costs. You pay only for the time or services you need, avoiding the cost of a full-time salary, benefits, and payroll taxes. No Long-Term Commitment You can scale their hours up or down as your needs change. Reduced Training Costs Fractional contractors often come with specialized expertise, so they require minimal onboarding or training. Give us access to Figma and we do the rest. We know how to build software, we dont need a Job Spec, we simply think on our feet and move forward at your pace. Need a Fractional COO for your startup, DM us. _____________________________________________________ Follow Hydra-Software-Services for advice or services to support your business. #sales #marketing #operations #product #software #gamification #finance #legal

Hiring a Fractional person provides Flexibility and Scalability Here is how you can accelerate your startup business whilst managing cash flow. Customized Workloads Their schedule can be adjusted to meet peak periods or specific projects. Trial Without Risk Hiring a fractional contractor allows you to assess the fit and results before committing to a larger engagement or a full-time hire. Need a Fractional COO or CTO for your startup, DM us _______________________________________________________________ Follow Hydra-Software-Services for advice or services to support your business #sales #marketing #operations #product #software #gamification #finance #legal

Be ready to fail. Founding a product or service based company is challenging. If it was easy everyone would be doing it. Every day presents a new challenge. Every week a new problem. The unknown of what is around the corner. Clients sign up, clients leave. Investors claim it's the best pitch they have heard, investors ghost. CoFounders tell you this is the life for them, then they go back to full time employment. Actions speak louder than words. Risk, unknowns, people leave, sunk cost, all come at price… but what if you win. ________________________________________ Follow Hydra-Software-Services for advice or services to support your business #sales #marketing #operations #product #software #gamification #finance #legal

Founder = Sales So when you see a profile that is Founder + “Job Title”. Doesn't matter your background; software, operations, finance. If you start a product or service business. You are doing sales. We speak with a lot of founding teams and the commercial traction seems to solely fall upon the CEO. Perhaps down the lines when there is enough commercial traction there can be more degrees of separation into your preferred domain. But until then, you will be involved in every sales / investment pitch.  ______________________________________________________________________ Follow Hydra-Software-Services for advice or services to support your business #sales #marketing #operations #product #software #gamification #finance #legal

“How much is it going to cost?” When we hear this question, our answer is always the same: “Depends on what you want to build” We often take prospective customers or clients to something they are familiar with, when trying to identify approx costs of software e.g their home. If they were to turn their home into a skyscraper or add a swimming pool, what do they anticipate the cost would be? Using simple analogies is effective at giving perspective. Software is not as mysterious as it sounds. But to the non technical person it is often too technical to comprehend. Building software is no different to any other type of transaction. The bigger and more features the product has, the higher the cost. I know, I know, prospects or clients want specifics, numbers. “But how much will it cost” Often that is difficult to ascertain until more research or planning has taken place, BUT, previous experience guides us towards accurate ball park costings if being pressured for a figure. Rather than ballpark a maximum, we give at least the minimum. _________________________________________________ Follow Hydra-Software-Services for advice or services to support your business #sales #marketing #operations #product #software #gamification #finance #legal

Virtual goods Virtual goods ( VG ) are cosmetic items which make the user look good or their profile look good. Adding Virtual Goods to your platform develops a sense of ownership in the users mindset. The formula for virtual goods is labour + time = value attributed An effective user engagement strategy: Combining scarcity or unpredictability to get unique VG ( mystery reward ). Combining empowerment enables users to select the VG reward they want ( combing collection sets, see below ). Tips for virtual goods: Dont make it too easy to obtain as this will make users the reward feel less valuable. Consider how users can showcase their rewards to other users. This could be a leaderboard, a trophy cabinet Combine with collect sets technique to increase engagement ( remember pokemon, “gotta catch em all”) ______________________________________________________________________ Follow me for more gamification tips follow Hydra-Software-Services #gamification #gamificationtips #motivation #behaviouraldesign

Being a founder is an early indicator you are becoming more risk tolerant and less risk averse. The very fact you have started a tech startup is an indication of this. For our founding team, for them personally, they thrive off the unknowns, taking risks that would give others sleepless nights. Why? Taking risks creates learning opportunities. It can either lead to a win or a loss. Recently we have been chatting to other key service providers in the startup market. We all have something to offer startups, albeit  from various disciplines. Together we offer a stronger proposition v separate singular efforts. However, most of the businesses we haven't worked with before. ( experience has taught me red flags to look out for ) Risk adverse mode wouldn't dare entertain such conversations. Risk tolerance mode looks at the opportunities that could be. Taking risks can prove fruitful for everyone. _________________________________________________ Follow Hydra-Software-Services for advice or services to support your startup   #sales #marketing #operations #product #software #gamification #finance #legal

Which category does your key audience fall into? Innovators (Tech Enthusiasts)  - eager to try out new products and innovations Early Adopters (Visionaries) - see the potential for a new technology to bring transformative benefits Early Majority (Pragmatists) - pragmatic users who adopt technology only after seeing it proven by others Late Majority (Conservatives) - sceptical of new technology and will only adopt it after it has become a well-established standard Laggards (Skeptics) - highly resistant to adopting new technology Does any of this matter? Yes The further down the list the more work required to convince those users to use your product. Your cost of acquisition goes up as you move down the list. If your key market falls into the laggards category, it might be worth doing more market research for another stakeholder to use your product. Source: Geoffrey Moore's "Crossing the Chasm ______________________________________________________________________ Follow Hydra-Software-Services for advice or services to support your startup.  #sales #marketing #operations #product #software #gamification #finance #legal

We have been talking to founders with early stage ideas. They all say the same thing. They have an audience ready to use their product if it were live today ( largely family and friends ). But are they willing to pay for it we asked? The hem’s and haw’s soon followed. Price point wasn't discussed. Our advice: Try to get a letter of engagement with an agreed price point. (Very useful to show investors or grant funders that you have paying customers waiting ). Would price deter people from purchasing your product? How much would they be willing to pay? Would they want a monthly cancel anytime arrangement? Or a 3-5 year commitment? _________________________________________________ Follow Hydra-Software-Services for advice or services to support your startup   #sales #marketing #operations #product #software #gamification #finance #legal