Saving money on rent was part of our larger boot-strapping philosophy. Calling India every time you have a new idea for your website is painfully slow and inefficient. Did you operate your business from your home? We are headquartered in a great 4, square foot office in Chicago, IL. By listening to feedback and measuring what works we have been able to create a service that offers many useful but not unnecessary features.
By listening to feedback and measuring what works we have been able to create a service that offers many useful but not unnecessary features. He shares his thoughts on what it's like to be a young entrepreneur in this interview. Having all the pieces in the same place allows us to move quickly as we execute new ideas, address problems and coordinate bigger picture ideas. What is the best part of running your business? Did you operate your business from your home? What were you doing before this, and is this your first business? Have you outsourced any portion of your business? I was surprised that there wasn't a service to match people like me with students who needed tutoring. Those seeking private lessons in these areas can use WyzAnt to locate local tutors and teachers. It's easy to fall in love with your own ideas, but relying on the masses to guide you will result in a much more useful product or service. How did you find your employees? Saving money on rent was part of our larger boot-strapping philosophy. Best of luck to you, and thanks for talking to me. We both had short stints at established companies before taking a leap of faith and creating WyzAnt. What advice would you give to somebody else who wanted to start a similar business? The best employees we have found are people we knew or those who were introduced to us by people we knew. I have seen internet startups that outsource their web development and think of it as a one-time startup cost. We are headquartered in a great 4, square foot office in Chicago, IL. While the days of ramen noodles are behind us, the cost-saving lessons learned from our early days will never be forgotten. We soon began including teachers, professionals and others and also expanded into more disciplines. One of the biggest lessons I've learned in the last five years is the value of being able to handle every aspect of the business in-house. For an internet business such as ours, this approach requires having excellent programmers and developers. The second best part of running our business is that I get to wear jeans. It was impossible to get away from our work since it was always in the other room, but that was a good thing. This promotes trust and accountability for both parties. What were the challenges and benefits to this strategy?
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