Both Sides of the Table

DECEMBER 27, 2011

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. So your Q1 results will be $180,000 less profitable than if you hadn’t hired them. Hiring more people isn’t always the right answer.

Startup 418

Startup Revenue Technical Review Flash 418

ReadWriteStart

JUNE 26, 2020

And, if I told you that by the beginning of May, you’d make every hire remotely, you might have laughed in my face. …suddenly, nearly all technical jobs are remote-jobs, all dev-teams are distributed teams, and virtually all hiring is remote hiring. A Quick Word About Hiring in the Time of COVID-19.

Silicon Valley 198

Silicon Valley Distribution Engineer Technical Review 198

The Startup Magazine

JANUARY 17, 2021

EMPLOYEE NET PROMOTER SCORE . You may be familiar with the net promoter score (NPS). Consider hiring professionals with an online masters degree in business administration , so they can utilize their business analytics skills for tracking these milestones. OPERATING CASH FLOW. MARKETING BUSINESS KPIs. SALES KPIs.

.Net 92

.Net Metrics Retention Revenue 92

Startup Professionals Musings

JULY 11, 2012

The net may be less cost reduction than you thought. Creative or operational. Operational products, like process automation or reservation systems, may be large but mundane, and more easily outsourced. Operational products, like process automation or reservation systems, may be large but mundane, and more easily outsourced.

Intellectual Property 222

Intellectual Property Non-disclosure Agreement Non-Compete Vietnam 222

YoungUpstarts

MAY 24, 2018

These assumptions can create financially material pitfalls for companies with a false sense of security in the current business environment wherein remote workforces, professional employer organizations (PEO), and technology are being increasingly implemented and relied on to operate a business across the country and abroad.

South Dakota 160

South Dakota North Dakota Wyoming United States 160

Startup Professionals Musings

APRIL 17, 2011

The net may be less cost reduction than you thought. Creative or operational. Operational products, like process automation or reservation systems, may be large but mundane, and more easily outsourced. Operational products, like process automation or reservation systems, may be large but mundane, and more easily outsourced.

Intellectual Property 225

Intellectual Property Non-disclosure Agreement Non-Compete Vietnam 225

Board Effect

APRIL 15, 2024

Solving our most pressing social issues, providing a safety net of love and care, this is the immeasurably critical role of our social sector organizations. It does mean that when we’re designing new programs, or hiring people to help us redesign processes, that we ask a lot of questions. Luckily that’s what boards do.

Ireland 52

Ireland Ohio Government Equity 52

Up and Running

NOVEMBER 3, 2021

It’s important to note that cash flow doesn’t give you your net profit. Working capital is the overall operating money that your company has available after debts are removed. It’s different from net profit in that it also includes the money your company is selling on credit as well as the money it’s borrowing.

Balance Sheet 81

Balance Sheet Management .Net Metrics 81

Steve Blank

NOVEMBER 13, 2018

The company was going to hire a VP of Marketing. This sentence is worth reading multiple times as no one – not the person who hired you, the VC’s or your peers -is going to tell you when you’re hired that the company will likely outgrow you. Your original hires embody the company culture. I was devastated.

Part-Time VPE 333

Part-Time VPE Employee Cofounder Hiring 333

Up and Running

SEPTEMBER 19, 2018

With the rise of new cannabis companies, it is important to differentiate your cannabis company from the competition, whether you are opening a farm, extraction operation, or dispensary. Your operations plan. Operations. Extraction operations? Hiring plans. As mentioned, the industry is exploding right now.

Business Plan 154

Business Plan Technical Review Forecast Software Review 154

YoungUpstarts

JULY 30, 2019

Business Ownership Strengthens Your Employee Net Worth. Once the business has reached a certain consistent income you can decide whether to leap into the business full-time or hire others to manage the business. Skin in the game does not mean you have to quit a job to explore a business. You can have your cake and eat it too.

Small Business Administration 140

Small Business Administration SBA Portfolio Small Business 140

ReadWriteStart

OCTOBER 22, 2019

According to Toni Schneider, a Partner at True Ventures, and a Team-Lead at Automattic, boundaryless teams confer a real advantage; “You can hire great people wherever you find them: Once your company is untethered from one physical location, your pool of available job applicants becomes the entire world.

Distribution 117

Distribution San Francisco Silicon Valley El Salvador 117

Startup Professionals Musings

OCTOBER 13, 2014

At a small company, if you''re constantly demanding more support, you risk turning your net impact into overhead-creep rather than value creation. Large companies usually operate with annual budgets, and often the budgeting process is locked down months before the start of the fiscal year. Never cover your a$$.

Startup 258

Startup Early Stage Technical Review .Net 258

Up and Running

JULY 22, 2014

It’s a table that lists all of your revenue streams and all of your expenses—typically for a three-month period—and lists at the very bottom the total amount of net profit or loss. You’ll also list your operating expenses, which are the expenses associated with running your business that aren’t incurred directly by making a sale.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

Both Sides of the Table

NOVEMBER 3, 2009

How many people will you hire in the first 24 months and in which sequence. I won’t need to hire many engineers or customer support staff. ’ Our Net Income will be $40 million.&#. 66% Net Operating Margins? What assumptions do you make in the cost lines about people? How much will you pay?

Business Plan 334

Business Plan AJAX Venture Capital Technical Review 334

Gust

JANUARY 22, 2014

Academic snobs such as myself often place a lot of value on hard skills when hiring. While most people in managerial positions agree with this approach at a hiring moment, there are often different perspectives when it comes to a potential firing moment. I’m not talking here about the general “hire slow, fire fast” approach.

Management 137

Management Employee .Net Hiring 137

YoungUpstarts

JULY 21, 2019

You don’t have to worry at all about the space, as the operator will manage it. The best way to avoid this is by covering all your legal bases by hiring an attorney. Hire a professional. Be careful when choosing which tasks you have to outsource or hire someone for, though. Don’t want to lose money?

Software Review 191

Software Review Entrepreneur Cost Cofounder 191

Duct Tape Marketing

NOVEMBER 22, 2023

Or I'm the security guard, or excuse me, the janitor and my wife's mother is dying of cancer, but now she can live because she can get the operation. But to really truly look at the people and all that they're representing in the company and serve those people, what they do is they gross more money, they net more money than the competition.

South Dakota 76

South Dakota Operations Employee Community 76

Startup Professionals Musings

JANUARY 23, 2013

At a small company, if you're constantly demanding more support, you risk turning your net impact into overhead-creep rather than value creation. Large companies usually operate with annual budgets, and often the budgeting process is locked down months before the start of the fiscal year. Never cover your a$$.

Early Stage 264

Early Stage Entrepreneur Technical Review .Net 264

YoungUpstarts

SEPTEMBER 17, 2020

If you’re able to hire a bookkeeper or accountant, they can help make it easier by handling your important documents for you. The expenses are broken down into operating expenses and overhead. If the result is a positive number, it means your business is operating at a net profit. What The Balance Sheet Is.

Balance Sheet 200

Balance Sheet .Net Equity Revenue 200

Startup Lessons Learned

NOVEMBER 22, 2008

Lessons Learned by Eric Ries Saturday, November 22, 2008 Net Promoter Score: an operational tool to measure customer satisfaction Ive mentioned Net Promoter Score (NPS) in a few previous posts, but havent had a chance to describe it in detail yet. Net Promoter Score NPS is a methodology that comes out of the service industry.

.Net 158

.Net Operations San Francisco Lean 158

Transformify

JUNE 9, 2023

For businesses planning to expand overseas or hire internationally, it's important to be aware of average salaries to understand the expectations of prospective candidates. Let's take a look at the ten countries with the highest net income per capita , and the types of jobs that tend to pay the most in each destination.

Salary 52

Salary Luxembourg Qatar Switzerland 52

Startup Professionals Musings

OCTOBER 30, 2021

Six years later, he managed to land a contract with IBM to provide their IBM PC base operating system. In 2005, Facebook still showed a yearly net loss of $3.63 You rarely hear about the owners who took out second mortgages to make payroll or to hire a salesperson. He later changed the name to Facebook.

Initial Public Offering 317

Initial Public Offering California .Net Business Plan 317

Startup Professionals Musings

APRIL 4, 2010

The net may be less cost reduction than you thought. Creative or operational. Operational products, like process automation or reservation systems, may be large but mundane, and more easily outsourced. Operational products, like process automation or reservation systems, may be large but mundane, and more easily outsourced.

Software 129

Software Intellectual Property Non-disclosure Agreement Non-Compete 129

Startup Professionals Musings

DECEMBER 10, 2011

At a small company, if you're constantly demanding more support, you risk turning your net impact into overhead creep rather than value creation. Large companies usually operate with annual budgets, and often the budgeting process is locked down months before the start of the fiscal year. Never cover your a$$.

Startup 263

Startup Early Stage Technical Review .Net 263

Startup Professionals Musings

OCTOBER 16, 2021

These are usually characterized as owner-operated, with five employees or less, and less than $250,000 in sales. According to the Voice of Microenterprise (AEO) website, if one in three micro-enterprises in the United States hired an additional employee, the US would soon be at full employment.

Entrepreneur 304

Entrepreneur United States Dilution .Net 304

The Startup Magazine

JUNE 14, 2022

Hire a lawyer. Therefore, you should hire a specialist like a commercial lease attorney who understands the ins and outs of such agreements. There are five commercial leases: net lease, double net lease, triple net lease, gross rent lease, and percentage lease. Understand the available lease options.

.Net 120

.Net Cost Hiring Security 120

Duct Tape Marketing

APRIL 18, 2024

As a former business exit advisor, she crafts exit strategies, adding up to five figures to clients’ net profit monthly so they can focus on growth. John (04:26): So a lot of books consulting around this idea of scaling, making a business run without you really all come down to systems and process and operations. Get started today.

Framework 63

Framework Sales Cycle Sales Hiring 63

Gust

OCTOBER 5, 2014

At a small company, if you’re constantly demanding more support, you risk turning your net impact into overhead-creep rather than value creation. Large companies usually operate with annual budgets, and often the budgeting process is locked down months before the start of the fiscal year. Never cover your a$$.

Startup 165

Startup Early Stage Technical Review .Net 165

Hearpreneur

SEPTEMBER 16, 2020

Hiring an expert or a coach to walk you through this stage can help you minimize the chances of failure although identifying the problem first can be a great way to create a long-lasting strategy. When it launched in 97 it was a DVD rental business whose only real value proposition was the mail-order element of its operation.

Entrepreneur 104

Entrepreneur China Incubator Philippines 104

YoungUpstarts

JUNE 17, 2013

If you want to make changes in your operation, like ordering new inventory, hiring and training new employees, or putting a new marketing campaign together, it will take time to really get them rolling. One important thing to note: Most business owners look at sales revenues, expenses, and bottom-line net profit.

.Net 178

.Net Harvest Employee Leadership 178

Startup Professionals Musings

NOVEMBER 6, 2020

Growth entrepreneurs quickly find themselves removed from day-to-day operations, and become more and more occupied by transactions with lawyers, investors, and potential acquisition partners. Personal income is related to operations versus equity. You want to be your own boss, and do things your way.

Small Business 311

Small Business Small Business Administration SBA Equity 311

Both Sides of the Table

APRIL 27, 2010

My original post was directed at hiring managers. It said that I didn’t believe it was a good idea to hire job hoppers. My view still stands – for many hiring managers a large factor in looking through resumes of somebody who is 30+ and has never worked somewhere for more than 18 months will be the job hopping element.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

Steve Blank

MARCH 31, 2014

In fact, it was only 7 years ago that Apple shipped its first iPhone and Google introduced its Android operating system. Metrics like Return on Net Assets, Return on Capital and Internal Rate of Return are the guiding stars of the board and CEO. Think about this; 7 years ago Nokia owned 50% of the handset market. Apple owned 0%.

Private Equity 325

Private Equity Metrics China Intellectual Property 325

YoungUpstarts

OCTOBER 16, 2016

In business, growth is a big deal, especially when you think about this: Most businesses cease operations and shutter their doors before ever really hitting their stride. But by year 10, just one-third remain in operation. But take it from what a good friend and advisor once said to me: “Ego is dilutive to net worth.”.

Cofounder 100

Cofounder Balance Sheet Small Business Administration Technical Review 100

Both Sides of the Table

APRIL 5, 2010

So I asked our COO, Stuart Lander (a Brit) to set up operations for us. By 2005 I had moved back to the US and we started hiring US employees (The first two employees we hired had both grown up in India! That means the established firms created no new net jobs during that period. Irony, hey?).

Technical Review 282

Technical Review Canada Green South Carolina 282

Startup Professionals Musings

NOVEMBER 23, 2010

At a small company, if you're constantly demanding more support, you risk turning your net impact into overhead creep rather than value creation. Large companies usually operate with annual budgets, and often the budgeting process is locked down months before the start of the fiscal year. Never cover your a$$.

Startup 238

Startup Early Stage Technical Review .Net 238