Startup.com shows the perils of going into business with a shaky business plan. It shows the initial excitement, the rise and fame, the bumping of heads and the eventual downfall. Such is the story of govworks.com, the documentary, startup.com covers it’s first, and only, year in business.
Long-time friends, Tom Herman and Kaleil Isaza Tuzman, had a great business idea, with a large market, and little competition. They took something that nearly everyone goes through, and marketed it in a more efficient way. They wanted to make the DMV more efficient, specifically; they wanted to allow consumers to quickly and securely pay their traffic tickets online. This business plan parallels Netflix in many ways, as it took something that we were…show more content… A company that conversely was very successful in finding its niche is Geek Squad. When given the opportunity to expand they were hesitant, and took their time. They built their brand, then expanded, while GovWorks expanded before having a chance to see how the company would grow in the long-term. Another thing that led to their downfall was that Herman and Isaza Tuzman found themselves butting heads in the way the company was run. They displayed a lack of training about the fundamentals of making an Internet firm work; Herman's low-key personality clashed with Isaza Tuzman's business-first approach, and eventually Herman was forced out of the company he had helped to found by his longtime friend. While going into business with another person can be an asset, it’s always key to remember the boundaries of business and friendship. When two people don’t meet eye to eye on the basics of how they want their business to run, it’s a recipe for disaster.
Going into business doesn’t just involve a good idea. It involves planning and knowing how to use the right people in the right resources. Bill Stewart explained how although he knows a lot about packaged foods, he doesn’t know everything, and he knows when to bring in other people who know what they are doing to help further his company. It also involves knowing what parts of your business to expand, and when. One huge factor that Herman