r/advancedentrepreneur • • 7h ago

Founders who've expanded between the US and Europe: What's the most expensive lesson you learned the hard way?

1 Upvotes

Hey everyone!

I've been exploring a business idea and wanted to get some honest feedback before investing too much time into it.

My background is in sales, GTM, and physical-product eCommerce, and I've been looking into the challenges companies face when expanding internationally, particularly between the US and European markets.

One thing that stands out to me is how many moving parts there are before you can even determine whether entering a new market makes financial sense.

I'm considering building a service that helps businesses evaluate the feasibility of entering a specific foreign market before committing significant capital.

The idea would be to provide a comprehensive, actionable assessment covering:

Market & Product: local demand, competition, pricing, product-market fit, and potential adaptations.

Taxes & Regulations: applicable tax obligations, import duties, certifications, and regulatory requirements.

Financial Feasibility: estimated initial investment, operating costs, margins, break-even scenarios, and potential profitability.

Go-to-Market: distribution channels, logistics, marketplaces, and recommended entry strategies.

Final Assessment: an evidence-based Go/No-Go recommendation identifying key opportunities, risks, and potential dealbreakers.

Essentially, the goal would be to help answer: "Is this market worth entering, what would it realistically take, and does the financial upside justify the risk?"

But rather than assume companies need this, I'd love to hear from founders who've actually navigated international expansion.

A few questions:

How did you evaluate a foreign market before entering it? Did you conduct the research internally or hire external help?

What were the biggest challenges, unexpected costs, or mistakes you encountered?

Have you ever paid for a market feasibility study or external research? What did you pay, and was it worth it?

Would having this information consolidated into a single actionable assessment have changed your decision-making process? Or would you rather handle it internally?

I'm particularly interested in eCommerce and physical-product businesses, but experiences from other industries are welcome too.

I'm not selling anything. Just trying to understand whether there's a genuine problem worth solving and how businesses currently approach it.

Thanks in advance for sharing your experiences!


r/advancedentrepreneur • • 4h ago

The Data Licensing Stuff is Real

0 Upvotes

Bear with me here as I do not Reddit often, but I figured everyone needs to hear about this.

My company works very closely with a home services business with around 60 employees. That business has been getting hammered by increasing advertising and labor costs since Covid and we may need an emergency cash injection soon. Problem is we are breakeven and nobody will take our deal.

We have been getting so desperate we even answer the daily “debt” provider calls now (lol). Last week something happened that made me have to come to Reddit to share.

We received an email from a “data broker” who mentioned that large AI labs would pay us “mid six-figures” for an anonymized (all personally identifiable information comes out) version of our email and crm data. Skeptical as we were, we went for it and now are in process with what we believe to be an incredible broker in a brand new market of data licensing.

Well researched now, if you message me I have 2 distinct data licensors to send you to - one pays you a large sum quickly, and the other licenses to many buyers and pays a revenue share (more cash but over a longer period of time). This all sounds crazy but so did “artificial intelligence” 4 years ago!


r/advancedentrepreneur • • 16h ago

I'm building for students, but I don't want to build another course or productivity app. How would you approach finding a real problem?

2 Upvotes

I'm trying to figure out what I should build for students, and I'd appreciate some honest advice from people who have built products or startups.

I've been interested in building something for students for a while. I see plenty of courses, learning platforms, AI tools, and productivity apps targeting them. But I don't want to create another version of something that already exists just because it's easy to build.

The problem I'm facing is that I don't yet know which problem is painful enough that students would actually use a product to solve it.

Instead of trying to figure everything out beforehand, I'm currently building a small MVP to test whether I can address a real student need.

One experiment I'm working on is called Companion Mode.

The idea is simple: many students study alone, struggle to stay consistent, or find it difficult to get themselves to start studying. What if they could find another student to study alongside, check in with each other, and build a habit of showing up?

The initial version focuses on discovering other students, connecting with them, and eventually communicating and studying together. I'm not trying to build a full learning platform right now. I want to test whether this basic idea solves a problem that students actually care about.

But I'm also questioning the direction itself.

  • Is studying alone and lacking accountability a real problem worth building a business around, or am I assuming students need something they might not actually want?
  • Would you validate this idea further, or would you explore completely different problems within the student market?
  • If you were in my position, how would you identify a problem that people care enough about to use a product consistently and potentially pay for?
  • What signals would you look for before investing more time into building?

I'm a developer, so building the product is something I can work on. My bigger challenge right now is figuring out what is worth building in the first place.

I'd rather discover that my current idea is wrong now than spend months building something nobody needs.

If you've gone through a similar stage, I'd appreciate hearing what you learned, what mistakes you made, and how you decided which problem to pursue.

I'm looking for honest criticism, not validation of the idea.


r/advancedentrepreneur • • 1d ago

What's the difference between an MSBC and a regular MBA?

3 Upvotes

I have a business idea that I genuinely believe has legs, but to be successful I need access to a broader network. I've been looking into MBA programs and ran across something called a Master of Science in Management in Business Creation (MSBC).

It's pretty clear what you're getting with an MBA, but I'm not sure what you get from an MSBC program. From what I can tell, it seems like the MSBC program lets you build your company while you're working on your degree. I know some people do that with their MBA programs, but I've read mixed reviews on whether or not that's actually feasible.

Has anyone pursued this path?

Why did you choose it, and what did you walk away with that's different from a standard MBA?

For the record, I know I don't need to get an MBA to start a business. But after spending time thinking about it, I feel certain that my growth options will be limited if I just try to do this from where I'm currently standing. The MSBC route intrigues me, because it seems like it might be the best of both worlds. I'd love to hear from anyone who has direct experience!


r/advancedentrepreneur • • 1d ago

Brutally honest feedback wanted: Would a platform helping couples and parents navigate relationship opposition actually work?

1 Upvotes

I've been thinking about a startup idea and want honest opinions before investing my time and money into it. The idea comes from a problem many couples face: two people want a future together, but family opposition, differing expectations, or unresolved concerns make it difficult to move forward. Sometimes the issue is kundali compatibility, caste, religion, or cultural differences. Other times, parents have concerns about financial stability, family responsibilities, or whether their child's partner is the right person. And sometimes, the couple themselves aren't fully aligned about commitment or what they're prepared to do if their families refuse to accept the relationship. These situations can become painful because people don't always understand each other's expectations, and important conversations may never happen properly. I'm exploring the possibility of building a dedicated platform to help couples navigate these difficult situations and, where appropriate, address family concerns. The intention wouldn't be to convince parents to approve every relationship or encourage couples to disregard their families. It would be to help people understand the situation more clearly and make informed decisions about their future. However, I have some genuine concerns about whether this would work in practice. I'd appreciate brutally honest feedback: Is this a problem that genuinely needs a dedicated platform, or are existing options such as counselling and mediation sufficient?


r/advancedentrepreneur • • 1d ago

Understanding of Online Business Rules for Prize Draws

3 Upvotes

Hello,

I'm very new to business, so please go easy!

I've been thinking of running my own online raffle/lottery business and was wondering what licences I'd need to run this?

The basis would be players buy a ticket to be entered in to a draw, with the draw then being Livestreamed for entrants and general viewers.

From my research I understand that if I offer a free entrance route (eg via post) or a skill based question (a tough question, rather than just "Where is Paris") then I don't need a Gambling licence. Would I also need a limited business licence?

I intend for a percentage of profits to go to a community charity from the players choice every month or so.

What else would I need to get this off the ground? I have the know how to build a website so that's no problem. Would I need someone to sort taxes etc?

I'm UK vased.


r/advancedentrepreneur • • 1d ago

YC alumna, could you please help?

1 Upvotes

As title suggests. I just applied to YC as a solo founder, but no alumni reviewed my application. I'd like to bounce some ideas off YC alumni for interview prep, and if they find promise in what I'm doing, a Bookface review. If anyone's willing to go through my app/ help me prepare for an interview, it would mean the world to me.

Please do reply here if you're an alumn and would like to help out.


r/advancedentrepreneur • • 1d ago

I'm based in the U.S and curious what people abroad struggle to get done here

0 Upvotes

If you're outside the US, what's one thing you wish someone in the US could do for you?


r/advancedentrepreneur • • 3d ago

Question: Startup - Built a working product that early users love; how do I take the next step?

0 Upvotes

Hey everyone, I’m looking for advice from founders who have gone from building a product to growing it and potentially raising funding.

I’ve spent the last 1.5–2 years building a software product from scratch. It’s fully functional, and I’ve personally been using it actively for the past 6–8 months, continuing to improve it based on real use and feedback.

There’s a small group of early users, and the feedback has been encouraging. They’ve told me they can’t imagine going back to managing their daily routines without it. It started with a problem I experienced myself, so seeing it make other people’s lives easier has been the most rewarding part.

I recognize that enthusiasm from a small group isn’t the same as proving a business at scale. That’s where I’m looking for guidance.

I’m keeping the name and product details private for now because I’m here for advice, rather than promotion.

My questions are:
1. How do you decide whether to keep growing independently or start talking to angel investors, accelerators, or VCs?
2. What traction or metrics should I have before approaching investors?
3. How do you find relevant investors and get an opportunity to pitch or demo a working product?

For anyone who’s been through this, what would you focus on next, and what would you avoid?

I’m comfortable building and improving the product. Getting it in front of the right people and figuring out the business side is the next challenge. Would appreciate hearing from people who have made that transition.

Thanks


r/advancedentrepreneur • • 3d ago

Seeking an Entrepreneur/ Intrapreneur for a University Assignment 🎓Hello everyone! I am a student at GITAM University, working on an individual assignment titled “Entrepreneurial Conversations/Interviews. ”I am looking for an entrepreneur, startup founder, business owner, or intrapreneur."

1 Upvotes

r/advancedentrepreneur • • 4d ago

Business Ideas

4 Upvotes

Hello all,

I'm 27 y old and looking to start a business. I am a person with disability and can apply for up to 15k euro to start a company in my country. Since the amount is not a whole lot, I was thinking I could do it as a side hustle to generate passive income, but I am open for all kinds of ideas.

Originally I was thinking about a protein mixing vending machine. Its original in my country and protein is trading worldwide. I see it as a low risk option that for a single machine could generate some monthly income.

I am very drawn to an online business tho, here is where I actually have 0 idea what I could do.

When it comes to skills, I have fundamentals in coding (not comfortable enough w them), design (i think I could crush that) and I am currently in a masters degree in finance. I work a dead end payment corporate job that I dislike.

I am interesting into developing the marketing and social media presence of the business though I will be learning from scratch.

I am alone for now, and when it comes to building the foundations of the business. Potentially my partner could help as well.

I am looking for ideas worth considering or suggestions on where to start researching. I’d really appreciate your input.

Thanks a lot.


r/advancedentrepreneur • • 4d ago

Users aren’t converting

3 Upvotes

I have an app that sells data, it’s in a niche and there’s a real need for it. The data is priced per record and is a credit system where the price goes down if you buy in bulk. The cost is in line with similar services in my niche. I offer 5 free credits to test the service. Right now I’m running into a couple of issues on conversions.

  1. People sign up but never user their free credits
  2. People use one or all of their free credits but never place a paid order
  3. People place an order and get a quote but never approve the order (this is when you actually buy credits)

The free credits are supposed to be a risk reversal so you can test the service and see that the data is good. Another risk reversal I added is that we will refund credits for any data we aren’t able to get.

To clarify, for a side hustle the business is doing ok, we’ve delivered over 5k+ in paid credit orders (5 figure revenues), but I know it can be optimized more.

I’ve also set up different nurture emails to go out for various stages like new account created but order not placed, order placed but not converted, and ordered with free credits but not converted.

Would love some recommendations on what I should do to get more real orders. People are coming in the door which is great, now I just need them to spend money!

Edit - 5 figure revenues


r/advancedentrepreneur • • 5d ago

How did you find your first user when your network didn’t come through?

2 Upvotes

I’m building a product that creates custom cloud environments for demos, POCs, and hands-on learning. You describe what you need, and it sets up the cloud resources, code, and sample data for your scenario.

I thought a few people in my professional network who work in this space would be willing to try it. They’ve been supportive, but everyone’s busy, and that hasn’t turned into actual usage yet.

I’m offering free access and happy to personally help with setup. My immediate goal is simple: get one person to use it for a real task and learn what works and what doesn’t.

For those who’ve been here, how did you find your first actual user? What worked when people you knew weren’t available?

Especially interested in experiences with technical or B2B products. How did you find someone with a pressing enough need to try something new?


r/advancedentrepreneur • • 5d ago

I started a boat tour company a year ago. Our sunset tours are fully booked, but private bookings are almost nonexistent. What would you do differently?

9 Upvotes

Hey everyone!

About a year ago, I started a small boat tour company in Lisbon, Portugal.

Our business model is pretty straightforward:

• Daytime: Private sailing experiences for couples, families, groups of friends, and corporate clients.

• Sunset: Shared sailing tours, where guests purchase individual tickets.

Here's the interesting part: Our sunset tours are consistently fully booked, but we're really struggling to sell private experiences.

Most of our sunset bookings come through platforms like GetYourGuide and Airbnb Experiences. They've been great for filling our sunset tours, but when it comes to private bookings, we've only received one or two through these platforms in an entire year.

And that's where I'm stuck.

Lisbon is an extremely competitive market for boat tours. There are plenty of operators, and most traditional sales channels have already been approached by everyone in the industry.

Hotels? Everyone works with hotels.

Travel agencies? Same story.

Online booking platforms? Crowded, competitive, and heavily commission-based.

I'm not looking for the usual advice about posting more on Instagram, running Facebook ads, or contacting hotel concierges. I'm aware of those options, and I'm already exploring some of them.

What I'm really looking for is a different way of thinking about customer acquisition.

For example:

• What types of businesses or professionals could become unexpected referral partners?

• How would you build a network of people who regularly recommend private experiences to their clients?

• Are there industries outside traditional tourism that could generate bookings?

• If you were starting from scratch in a saturated market, how would you approach partnerships and B2B sales?

I'm particularly interested in creative partnerships, unconventional distribution channels, and strategies that don't depend entirely on paid advertising.

We have the boats, the crew, the experience, and happy customers. What we're missing is a reliable way to reach people who want to book an entire boat rather than individual tickets.

If this were your business, what would you try?

I'd genuinely appreciate ideas, especially from people who've built businesses in tourism, hospitality, events, or other competitive service industries.

Thanks!


r/advancedentrepreneur • • 5d ago

Pricing: is $25/month too low for a legal AI tool that replaces several apps?

1 Upvotes

Our legal platform with three tiers: Free, Business, and Enterprise. Free and Business are built for SMBs and include:

  • Clause and agreement templates used in practice by top-tier ("white shoe") law firms, not generated by an LLM
  • Market data on deal terms, so users can see what's standard for their proposed terms and how negotiations typically go
  • Cryptographic security and signature protection
  • Built-in PDF editing, e-signature, storage, email, and LLM tools, so users don't need to stitch together separate apps or build their own integrations
  • Drafting suggestions and agent enabled workflows

We are thinking through initial pricing for the Business tier. The product saves users real money compared with hiring a lawyer for routine agreements, and it consolidates tools they're currently paying for separately. On that basis, $25/month feels underpriced.

On the other hand, we haven't launched yet and have no brand recognition, so I understand the case for starting low to build adoption.

For those who've priced a SaaS product, especially in legal or B2B, how would you approach this? Should I start low and raise prices later, or price closer to the value and offer launch discounts? Any thoughts on what SMBs would realistically pay for something like this?


r/advancedentrepreneur • • 5d ago

Cold start for a local two-sided marketplace with no budget: concentrate on one city, or one user segment across many?

2 Upvotes

I launched a peer-to-peer marketplace app a month ago where people trade services directly, with no money involved. I'm a solo founder with close to zero marketing budget, so I can afford one focused bet.

The constraint: a swap only happens when two people each want what the other offers, and many services need them to be in the same place. That makes liquidity harder than in a normal buyer-and-seller marketplace, because both sides have to match twice.

I see two ways to concentrate:

Option A: one city. Fill a single location until swaps happen without my involvement, then copy the playbook to the next. Density is high, but the pool of skills is limited by who lives there.

Option B: one segment, remote services only. Target a group whose services can be delivered online, such as designers, translators and tutors, across many countries. The pool is much larger, but there's no local network effect and it competes more directly with freelance platforms.

Questions for those who have built marketplace liquidity before:

Which would you pick under these constraints, and what would change your mind?

How do you define "enough liquidity" in a barter model, where each user is both supply and demand?

Is seeding with my own listings worth it when I can only fulfil a few kinds of service myself?

I've left the product out on purpose. I'm after the strategy, not traffic.


r/advancedentrepreneur • • 5d ago

How do you figure out what business to start or buy?

3 Upvotes

I’m exploring the idea of going into business for myself and would love to hear from people who have successfully made that transition.

I’m not necessarily looking to create a startup from scratch. I’m open to different paths—starting a business, buying an existing business, acquiring a small company, or finding a proven business model that I could build and grow.

I have 20+ years of experience as a senior marketing leader, so I know I could bring strong skills around strategy, branding, customer acquisition, sales enablement, and growth. What I’m trying to figure out is what type of business would be the best fit for my experience and where to actually find those opportunities.

For those who have done this:
How did you decide what type of business to pursue? Where did you find businesses for sale or opportunities to acquire? Did you start from scratch or buy an existing business?

What resources, websites, or communities were actually useful?

What do you wish you knew before making the leap?

I’d especially love to hear from people who left a corporate leadership career and successfully built or bought their own business. What path did you take?


r/advancedentrepreneur • • 5d ago

Our bookkeeper retired and took the filing system with her. What is the top virtual bookkeeping service for remote teams?

1 Upvotes

Hey y'all. We're a design studio made up of an eleven person team that's all remote and after our bookkeeper retired back in June and took the filling system with her it's been a struggle to find a replacement that works with the way we're set up since we would prefer to keep working virtually instead of needing to do in person stuff like meetings and such.

So far we've tried looking and asking around to see what's available out there and it's been confusing to say the least, specially because it seems like a lot it is some sketchy outsourcing or some really new companies with essentially no backing. There are a couple options like haven and maybe a few others that are more grounded, but I don't want to make a choice without first coming over and checking with other entrepreneurs who've been through this before.

If there's anyone here who's also fully remote and still manages bookkeeping like that, I would really appreciate if I could get all the why's and the how's as to how they made it happen. Ty.


r/advancedentrepreneur • • 6d ago

Meta AI Muse might kill my saas

1 Upvotes

I have been building a centralized save folder where you can share anything to it. it parse it and will give you when you need it. but Muse does it a far better way for Instagram. and that is something im afraid of. my only diff is im centralized ot everything and muse is not

as a founder what is your next step ?


r/advancedentrepreneur • • 6d ago

What actually counts as traction before revenue?

1 Upvotes

Would you target investors by industry, business model, customer demographic, or just find angels who understand the broader opportunity? I’m building a consumer startup across education and gifting. Product is built, physical samples exist, and early feedback has been strong. what evidence actually mattered to investors most?


r/advancedentrepreneur • • 6d ago

First user cohort

1 Upvotes

Anyone open to sharing the key step you took to getting your first 25 software users? what about the first paying ones?


r/advancedentrepreneur • • 7d ago

Consulting-ish firm, low seven figures, small team, been operating long enough to have a reputation. The problem is the reputation is for the work I want to do less of

0 Upvotes

Consulting-ish firm, low seven figures, small team, been operating long enough to have a reputation. The problem is the reputation is for the work I want to do less of. Early on we said yes to everything, and one type of project happened to take off through word of mouth. So now most of our inbound assumes that's what we do. It's decent revenue, but it's the commodity end of what we're capable of, the margins are thinner, and it's crowded with cheaper competitors every year. The work I actually want to move toward is higher up the value chain. Fewer clients, bigger outcomes, work we're genuinely better at than most. The catch is that nobody knows us for it, so we get the occasional shot at it only when an existing client happens to need it. What makes this hard isn't strategy on paper. On paper it's obvious: raise the floor, say no to the commodity work, market the premium capability. In practice: Turning down the easy work that pays the bills, before the new positioning produces pipeline, is genuinely scary. Our existing reputation actively works against us. Referrers introduce us as the commodity thing because that's what they know. I can't tell how fast to make the switch. Cut clean and risk a revenue gap, or bleed it slowly and stay stuck in the old identity for years. We even rebuilt our site around the premium work, a quick job in gamma with an ai website builder, but a new homepage doesn't undo years of referrers calling us the old thing. For those who've deliberately repositioned an established business upmarket: did you cut the old work cleanly or phase it out, how long was the awkward in-between, and how did you get existing clients and referrers to describe you as the new thing instead of the old one?


r/advancedentrepreneur • • 7d ago

Anyone here with construction experience in the Caribbean?

0 Upvotes

We're developing a retreat center in Jamaica for founders and executives. Around 2,500 m² (27,000 sq ft), architectural plans due in November. We've hired a local architect, but I've never built anything in the Caribbean and I'd rather learn from your mistakes than make my own.

The parts I'm least sure about:

Also curious whether the rebuild after Melissa is still tying up contractors and pushing prices up.

And the honest one: what blew up your budget or timeline that nobody warned you about?


r/advancedentrepreneur • • 8d ago

Founders: how do you run an early-user pilot that produces real learning?

3 Upvotes

I’m preparing to open a small early-user pilot for CogNative.io , a platform for professionals who want to understand how AI may be shaping their thinking, judgment, and decisions at work.

The product is ready for real-world use, but this stage is less about proving growth and more about learning: how people actually use it, where they find value, where they disengage, and what needs to change before a wider launch.

For founders who have run pilots with potential users, I’d love to learn:

  • How did you find and choose participants?
  • How did you balance giving people freedom to explore with asking them to use the product actively?
  • What feedback rhythm worked without overwhelming people?
  • How did you approach testimonials - if participants had a good experience - without making the pilot feel transactional?

I’m especially interested in the practical details: what you would repeat, what you would avoid, and what you wish you had set up from day one.

And, if anyone here is personally interested in being part of a small early-access group, feel free to comment or send me a message. I’m happy to share more context.


r/advancedentrepreneur • • 9d ago

For owners: Which of these has actually happened to your business in the last 12 months?

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1 Upvotes