Startup Professionals Musings

MARCH 13, 2020

In that context, I offer the following financial projection strategies, from my own experience: Forecast a business that has plenty of room to grow quickly. No matter what the potential, every business is constrained in growth by the time and effort required to hire people, spread the message, and deliver and support solutions.

Liquidity Event 308

Liquidity Event Forecast Exit Strategy Bootstrapping 308

The Next Web

AUGUST 19, 2013

Customer Acquisition Cost or CAC is how much money you can spend to get someone to become a customer. If this channel works, you can later hire other folks to join you. Your CAC minimum needs to be in the $500 to $3,000 ballpark, depending on where you plan to hire your sales team and what kind of traction you get through the channel.

Belarus 137

Belarus Viral Channel Startup 137

Up and Running

NOVEMBER 12, 2018

CAC (customer acquisition cost). You might outsource packaging, shipping or both instead of hiring more people to work with you directly. . Include “employee burden” costs as well—the cost of an employee beyond their salary. The five key metrics to judge your subscription model’s success are: Churn and churn rate.

Business Plan 63

Business Plan Curation Balance Sheet Intellectual Property 63

ConversionXL

OCTOBER 30, 2019

Now try to think of the last time you experimented with something other than your acquisition strategy. Article after article, course after course, conference talk after conference talk addresses acquisition experimentation—getting more conversions at the top of the funnel. Every tip is acquisition-centric. Acquisition.

Retention 101

Retention Metrics Churn Rate Acquisition 101

thinkspace.com

SEPTEMBER 7, 2012

I was originally hired as a contractor, developing a SaaS app from scratch, including DB design and coding. Along the way, I was hired full time (I believe about 8 months after I started), a coder from India was hired and another contractor was added to the team. The salary offered (and accepted) was quite low.

Equity 62

Equity Employee Founder CTO Hire 62

ConversionXL

OCTOBER 30, 2019

Now try to think of the last time you experimented with something other than your acquisition strategy. Article after article, course after course, conference talk after conference talk addresses acquisition experimentation—getting more conversions at the top of the funnel. Every tip is acquisition-centric. Acquisition.

Retention 48

Retention Metrics Churn Rate Acquisition 48

Occam's Razor

FEBRUARY 7, 2011

The best option is to hire a statistician with experience in data modeling and forecasting. Brian Krick: Best way to measure and communicate "available demand" from available channels (social, search, display) for forecast modeling. Please see the advice above. Reason enough to do this? : ). I LOVE doing this.

Analytics 94

Analytics Web Non-Compete Metrics 94

Up and Running

DECEMBER 9, 2014

By freeing up your time it really helps you focus on more important tasks and this can be things ranging from improving the product quality to hiring a great team to rewarding your people to thinking more holistically about customer experience or understanding your competition. I can hire a development team.

Small Business 95

Small Business Finance Forecast Metrics 95