Day: June 21, 2020

5 Signs Your Startup App Idea Isn’t Ready For Development Yet

wayne June 21, 2020


6 min read

Opinions expressed by Entrepreneur contributors are their own.


You’re amped-up about developing your app and taking it to market. But before you do this, there’s a question you need to answer: Is your startup app idea 100 percent ready for development?

As an entrepreneur, you understand the importance of taking action. However, if you get ahead of yourself, it can kill your app idea before it ever has a chance to succeed. Yes, you can gain insights about the validity and viability of your app idea after it’s developed and launched. The risk of this approach is that you can invest blood, sweat, tears, and a lot of cash into an app that you could have known has little to no chance of succeeding.

With that in mind, let’s dive into five clear signs that your startup app idea isn’t ready for development just yet.

1. You haven’t discussed your app idea with your target customer

Your idea looks good on paper. Your friends and family tell you everything you want to hear. You’re ready to move forward full speed ahead. But before you do that, discuss your app idea with the most important

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How Chinese-American restaurants are ensuring their future

wayne June 21, 2020

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The future is a particularly immigrant concern. For any immigrant family, the future is all encompassing. The past has been severed, and the future is a gamble that’s been entirely cashed in on. In the era of the coronavirus pandemic, how to reopen is not a question of, “Will I succeed?” It is a vow: “I must succeed or else.” The steeliness of that hope is what drives one through crisis. 

Chinese restaurant owners will need to double down on that resolve: While restaurants nationwide have lost business owing to lockdowns, Chinese restaurants have been among the hardest hit. An April study conducted by the data subscription service Womply found that over half of them had stopped taking debit and credit card transactions during the pandemic, indicating closed operations—more than any other type of establishment (the next most closed being “sandwich and deli concepts” at 23%). According to Yelp data, half of the worst days for Chinese restaurant searches in the U.S. over the past year occurred since the coronavirus broke out. During the pandemic’s peak, most …

Bond traders may soon be ranked by their stats on baseball cards

wayne June 21, 2020

Wall Street bond traders may soon be immortalized in the fashion of baseball legends Honus Wagner, Willie Mays and Pete Rose if a plan by a former Goldman Sachs Group Inc. executive takes off.

That’s right, baseball cards are coming to finance.

The brainchild of Chris White, founder of bond trading and analytics firm BondCliQ, the digital cards reflect a new statistical approach to measure the effectiveness of individual traders and salespeople on dealer bond desks. White brought in as an investor Paul DePodesta, who used novel statistical methods to elevate the Oakland Athletics baseball team to a title contender, a story captured in the Michael Lewis book “Moneyball.”

The bond market has historically leaned on one metric for success — did a trader make money? BondCliQ wants to shed some light on whether rainmakers are good or lucky. It is collecting data that can allow buyers such as hedge funds or other institutional investors to identify the best dealer traders in a given sector or security. And dealers can see how they rank among competitors. Presumably, traders who top the list year after year could use the stats to argue for better pay.

“Here we are in a market …