Do you have any practical tips for other young entrepreneurs?
Outsource as much as possible and concentrate only on the absolute core topic. Take the home page, for example: Before you start working on it yourself and muddle around for weeks, it’s better to hire a freelancer, e.g. via UpWork, and create a functional landing page with a web construction kit such as WIX. Speed is of the essence, you should avoid any unnecessary distractions and rather spend a few hundred euros to pay for a service. Calculate what a day’s delay in launching costs you – and how long you spend on what or what it costs to have it solved externally.
A KIT press release has proven to be enormously helpful for contacting partners and interested parties. After it reported on us at the beginning of 2021, we spent two weeks doing nothing but meeting with companies and other interested parties who had heard about us. These contacts are now invaluable to us. In addition, our topic was subsequently picked up by various media, including trade journals as well as DLF and ARD. So we can only warmly recommend the cooperation with the KIT press departments (SEK and ASERV)!
From today’s perspective, what would you perhaps do/approach differently?
Try to provide critical time paths with a backup from the outset. Development work has very high uncertainties regarding duration and outcome. If you take a two-track approach (e.g. you have a second development route that can lead to a similar result, but you have it done externally), you can significantly reduce the time risks here.
What are your plans for the future? What are your next big milestones?
We want to be able to produce the full width of the film by the summer and sell smaller quantities to the first customers this year. To achieve this, we first have to successfully complete the tooling, then the process development and finally the stability tests.
Thank you very much for answering the questions!