Sup46 FemTech event

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Today  (Tuesday 3/10) I went, together with Cecilia, to an inspiration event for female entrepreneurs. First it was a mingle to meet new people and possible new partners for your startup (and also really good sandwiches and wine!) . After the mingle there were three inspirational, successful women talking about their career and what they are doing now. These were:

Anna Lagerborg, CTO, Hemnet
Johanna Wollert Mellin, Founder Trice Imaging
Helene Barnekow, CEO, Telia

The event was really fun, with a good atmosphere and a lot of power women to be inspired of. I could really recommend joining #FemTech that is a side business at #Sup46, to get inspiration to your idea or maybe joining a startup that you believe in!

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How much to produce?

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When doing the marketplace simulation, one of the hardest things for me has been to estimate how many units that will be sold. This is a very cruicial part in the management of a company and something that I have not considered becoming a challenge before.

When I started with the simulation, me and my group felt that it was a good idea to to be careful with the production. The problem was that the projected demand was very off and therefore we missed alot of sales. The next quarter we got the brilliant idea to produce alot more than we expected to sell. This seemed to be a fail as well because the sales were not that good but the production cost became very high. Therefore we felt like it was a good idea to make a large inventory of overproduced products. Even this was a fail due to that when developing the product to a newer version, the old one laying on the shelves became old electronics that was hard to sell.

I have read alot of different articles about how to forecast the sales and have found out that there is no easy way to predict the demand of your product! The main thing that most of the articles pointed out was to make use of all histoirical data of your sales. You need to use your own experience and be prepared to change the forecast continuously, because it will be almost impossible to do accurate predictions!

 

Simon

 

How to let Recruiters know on Linkedin that You are open to new job opportunities

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I am writing about this topic since i am currently looking for an internship for the next spring and i was thinking it can be useful for you and your friends to know how to let rectruiters know on Linkedin that you are open to new job opportunities.

One basic way to let recruiters know that you are open to new opportunities is through the “Headline” section of your LinkedIn profile. This section is usually reserved for your professional headline, but you can also use this section to notify employers that you are looking for work. You can specify the field you want to work in, the position you are looking , the length if it is an internship for example and also the region you are searching in.

But what i think is the most effective way to find a job opportunity is the new setting that LinkedIn recently introduced within their Jobs section that allows you to convey your interest in new job opportunities to recruiters on LinkedIn. You can navigate to this setting by clicking on Jobs > Update Preferences > Scroll down to: Let Recruiters Know You Are Open.

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You can specify the types of companies and roles you are most interested in. By setting this option on, you are potentially opening your profile to more views by Recruiters. This is also a good feature because it can be used by people who are already working in a compaNy but want to find new opportunities without worrying about their employer finding out.

But i strongly believe that you can not only rely on this to find a new job on Linkedin, and that’s why i’m sharing with you the following advices :

  • Build a complete and professional Linkedin profile
  • Add a profile picture that aligns with your role as a professional (professional clothing). It has to be good quality and includes you only.
  •  Share your current position, current school and also list all your relevant previous experiences. Write a small summary about each experience to let recruiters know what you did,and what skills you got from it. Also, try to optimize your headline, summary, and experiences with relevant keywords.
  • Highlight your skills and main achievements
  • Ask former employers or coworkers to post a comment about you on your profile.
  •  Write An engaging summary containing your email address. Use this summary to talk about your next challenges,your dreams and show your motivation to work in a particular field. You can also use this section to clarify your work history, if your careerpath has not been linear.
  •  Develop a strong network on Linkedin : over 300/400 you start to be open to networking, and start to be visible.

With all these tips, i hope you will find the job of your dreams.
Good luck everyone.

Thanks for reading and sharing.

Anouar Mabrouki

How to Be Startup CEO

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I just wanted to share an article with you. You can access it here: How to be Startup CEO.

The author, Ryan Allis, started his own company at the age of 18 in 2003 and it is still running. The thing about the article, which kept me reading was, that he just wrote about everything he experienced. From how the internal equity split looks like over holding a board meeting to what to do in which quarter of your first year in business. Also admitting that you should always hire people which are better than you made him a very likable person. While reading you really feel that it is possible to build up your own venture. Tough, but possible.

Just take some time when you want to read it, because it is a pretty long article 😉

From 0 to 1

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zero to oneOne of my key interests is self-development, so, I often self-reflect and read books that helps me along, whether that be biographies or just key insights of successful people. Since, I see myself as a future entre- or intrapreneur I signed up to take the course Entrepreneurship. Consequently, I thought it be fitting to read some books on entrepreneurship.

One of these books that I recently finished is Zero to One – Notes on startups, or how to build the future by Peter Thiel. If you’re not completely unfamiliar with entrepreneurship and the tech scene you’ve probably heard of Peter Thiel, the hugely successful serial entrepreneur and one of the founding fathers of one of the world’s most successful startups, PayPal. In the book he shares his top tips on how to create a successful business and cover topics ranging from ideation to distribution. He highlights the importance to innovate, not just copying what others have done and making horizontal progress, or going 1 to n, but rather coming up with something new and making vertical progress, or how he likes to put it – going from 0 to 1.

In a few coming posts I will share some of the takeaways from the book. Nevertheless, I would still recommend anyone even slightly interested in entrepreneurship or business to read it. Until the next post, think about the question Peter Thiel always like to ask people he interview for a job, “What important truth do very few people agree with you on?”.

Looking for a job – Try Wopify!

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Wopify is a new smart way of searching for a job, it uses AI to get to know what the companies want from a employee, both in competence but also to fit in the team and the company´s values. AI also learn your personality and needs to be able to match you with a suitable job. I think this is really smart because right now you can only go for the work tasks and work role when applying for a job, but you don´t know anything about you colleagues and the inside environment within the company, which I think is a really important feature in a job! And when applying for a job you will be anonymous for companies and recruiters until you have search the job yourself, then you enable a chat with the company, so no more annoying commercial emails etc.!

One issue with Wopify can be that they are dependent on enough companies choosing to advertise their jobs and enough people searching for jobs, this app will not work if I for example log in, but never find any interesting job. Then I will go back to other recruitment sites to continue my search. So it is crucial that they, from the beginning, build up a big business and customer base to create a usable site.

I will continue using Wopify, because I really like the idea of fitting in with my personality in a company and hopefully find a good job when I’m done with my master!

https://www.wopify.com/
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