Philippe Kiethun Chrun of MyCarpoolStation.com exhaustively describes why his business is failing in Deconstructing a Struggling Start-Up. Regardless whether or not they they hired the wrong people, or positioned themselves incorrectly, their biggest problem is easy to see:
We invested $30,000 of our own capital, excluding an estimated $50,000 of sweat equity. With that, we built a working prototype but did not manage to get a customer-ready product out the door. No customers equals no revenues, and since we have not yet secured additional funding, we are officially stuck.
They’ve had no sales! They didn’t follow the rules and instead spent more than a year working on something without ever once stopping and checking to see whether or not anyone would actually give them any money for their product.
The coffee vending business is your opportunity to cash in on the 30 billion dollar coffee industry.
Make money building websites for small businesses with our private label website builder
Be a part of the number one growth industry while securing your future with residual income.
Amazing opportunity for only $500 in an industry that is prime for sales.