Startup Professionals Musings

DECEMBER 17, 2013

As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. Customer loyalty and retention. Cost of customer acquisition. Over time, you cost of acquisition should go down as growth and your brand image go up.

Metrics 252

Metrics Technical Review Retention Acquisition 252

Both Sides of the Table

DECEMBER 27, 2011

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. Operating Costs.

Startup 418

Startup Revenue Technical Review Flash 418

The Startup Magazine

MAY 31, 2022

Any operation that involves an employee, like recruitment, payroll management, or even offboarding, can be included in these HR functions or duties. . To improve staff retention, you should periodically update both according to industry norms. This increases staff retention, but it also saves you from overpaying them.

United States 140

United States Salary UAE Hiring 140

VC Cafe

JUNE 6, 2024

The first time I wrote about startup benchmarks was in 2019 and it became one of the most popular posts on VC Cafe. Key Metrics for B2B SaaS Startups: Annual Recurring Revenue (ARR) Definition: ARR is the yearly value of a company’s recurring revenue from subscription-based services.

B2B 78

B2B Burn Rate Generative AI Retention 78

ConversionXL

OCTOBER 7, 2022

Customer acquisition cost (CAC) is an important metric for any ecommerce business. Put simply, you need a healthy customer acquisition cost for your business to succeed. It’s up to every ecommerce business to find the middle ground between investing too little in customer acquisition and spending beyond your means.

Acquisition 22

Acquisition eCommerce Cost Customer 22

Startup Professionals Musings

APRIL 11, 2022

Every entrepreneur needs to know and communicate the total costs associated with their solution or product, including cost of goods sold, customer acquisition costs, capital costs, operational expenses, and partner costs. No startup or entrepreneur is an island. Key resources. Key activities. Key partners.

Business Model 334

Business Model Intellectual Property Angel Investor Channel 334

The Startup Magazine

SEPTEMBER 19, 2022

Not only were profits reduced, and businesses were forced to diversify in order to survive, but the way businesses operate has been forced to change. . Because employee objectives differ greatly, it’s best to poll your team in order to set expectations and develop effective retention strategies.

Social Media 131

Social Media Leadership Audience Video 131

Up and Running

OCTOBER 7, 2019

However, as a founder of a small business or startup, you’re juggling many things. While the right metrics will depend on your business objectives and specific circumstances, there are some basic KPIs you should keep an eye on: Startup KPIs. This metric helps determine how much cash you need for operation and expansion.

Founder 71

Founder Retention Metrics Technical Review 71

A Smart Bear: Startups and Marketing for Geeks

FEBRUARY 26, 2019

Startup strategy is like Kung Fu. All startups are screwed up. HT Mike Maples Jr ) Corollary: A startup has to be so excellent at one or two key things, that they can screw up everything else up and not die. Fermi estimation is a good way to figure out whether a startup or product could even theoretically be viable.

Restful 202

Restful Founder Revenue Acquisition 202

The Startup Magazine

NOVEMBER 25, 2017

A viable business opportunity is to present expert business services designed to help companies operate and implement first cybersecurity procedures and measures. Currently, there’s the universal dependence on specialized software and computers to keep companies operating, and more offices are transiting into paperless working spaces.

Software Review 60

Software Review Technical Review Intellectual Property Due Diligence 60

Hunter Walker

MAY 13, 2023

“Worst case scenario we’ll sell to a larger startup or public company for about ~$1.5m Especially in the early days of mobile/iOS engineering, if you hired strong technical talent into your early stage company, you basically created an acquisition outcome floor. per engineer.” of the time my answer is no f **g way].

Early Stage 117

Early Stage Cap Table Acquisition Sales 117

ReadWriteStart

JULY 12, 2023

Companies can reallocate resources back into core business activities and new product development by streamlining IT operations. In addition, AI can aid businesses in making better use of their data by yielding insights that can guide strategic planning and boost operational efficiency.

United States 121

United States Management Mexico Artificial Inteligence 121

The Startup Magazine

APRIL 5, 2020

Launching your own startup business allows you to enjoy unlimited income potential and a new lifestyle. For you to come up with answers to these questions and ensure that your startup business eventually becomes a success, take note of the following tips: Create A Robust Business Plan. Choose The Right Business For You.

Startup 93

Startup Retention Acquisition Database 93

Startup Professionals Musings

NOVEMBER 14, 2012

Customer loyalty and retention. There are three common methods for measuring customer loyalty and retention: 1) customer surveys, 2) direct feedback at point of purchase, and 3) purchase analysis. Cost of customer acquisition. Over time, you cost of acquisition should go down as growth and your brand image goes up.

Metrics 266

Metrics Retention Acquisition Salary 266

Both Sides of the Table

JUNE 17, 2017

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!” What did they actually do?

Stock Options 227

Stock Options Startup Dilution Venture Capital 227

Startup Professionals Musings

JULY 13, 2019

Every entrepreneur needs to know and communicate the total costs associated with their solution or product, including cost of goods sold, customer acquisition costs, capital costs, operational expenses, and partner costs. No startup or entrepreneur is an island. Key resources. Key activities. Key partners.

Intellectual Property 250

Intellectual Property Business Model Angel Investor Channel 250

Steve Blank

MARCH 4, 2014

In the last few years we’ve recognized that a startup is not a smaller version of a large company. We’re now learning that companies are not larger versions of startups. But paradoxically, in spite of all their seemingly endless resources, innovation inside of an existing company is much harder than inside a startup.

IRR 335

IRR Startup Business Model Agile 335

Startup Professionals Musings

DECEMBER 31, 2012

New product startups rightfully begin with a heads-down focus on creating the ultimate product – whether it’s a new technology, a new look and ease of use, or a new low-cost delivery approach. That means setting up operational and financial metrics, educating team members, and rewarding the right actions. Marty Zwilling.

Customer 225

Customer Startup Retention Differentiation 225

Startup Professionals Musings

JULY 9, 2017

Every entrepreneur needs to know and communicate the total costs associated with their solution or product, including cost of goods sold, customer acquisition costs, capital costs, operational expenses, and partner costs. No startup or entrepreneur is an island. Key resources. Key activities. Key partners.

Business Model 143

Business Model Intellectual Property Startup Angel Investor 143

ReadWriteStart

MARCH 3, 2021

You’ll be operating with limited resources, limited knowledge, and quite possibly, a business model poised to change in the immediate future. The Prioritization of Customer Retention. Most of the strategies on this list prioritize customer acquisition, and rightly so. Boost Customer Retention.

Early Stage 125

Early Stage PPC Retention Churn Rate 125

Both Sides of the Table

OCTOBER 8, 2014

Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. But to answer the actual question “Is there something going on in LA?”

Los Angeles 376

Los Angeles Silicon Valley Entrepreneur Seattle 376

ConversionXL

AUGUST 23, 2017

For example, if I am a call center operator and one feature of the customer’s journey includes the pace of an interaction in a call, one of my KPI’s could be my call handle time. Their customer journey maps the following path from Discovery to Sales, and Retention. Startups generally come prepared with an idea. .”

Customer 130

Customer Channel Design Retention 130

David Teten

AUGUST 6, 2015

It’s misleadingly precise to have two digits to the right of the decimal in a CAC/LTV multiple for year 3 of your forecast (“Customer Acquisition Cost”/”LifeTime Value of Customer”). One of our biggest pet peeves is reviewing an operational model that starts in “Month 1″, and excludes anything that has happened in the past.

Balance Sheet 60

Balance Sheet Software Review Forecast Acquisition 60

YoungUpstarts

DECEMBER 5, 2013

I have been involved in many of these innovations, mainly through my last startup venture, a company that became the world’s leading provider of credit card loyalty solutions with bank customers in 30 countries. I used to think that the success of my last startup was due to our software quality, thought leadership, patents, etc.

Programming 150

Programming Turkey Social Media Redemption 150

Mucker Lab

APRIL 6, 2023

Hila Qu joined Mucker’s Tony Yang for an Ask-Me-Anything (AMA) conversation about Product-Led Growth (PLG) for Startups to kickoff the 2023 Mucker Growth Series. Hila Qu has been the Head of Growth or VP of Growth at a number of different companies and startups, most notably Acorns and GitLab. That is the nature of this thing.

Product 78

Product CTO Hire Startup Fractional CTO 78

Tim Keane

MARCH 9, 2011

Startups and angels: Along the way to success. It’s a deceptively simple question:  what is the optimal way to finance a new startup? It’s a deceptively simple question:  what is the optimal way to finance a new startup? Example one: Sustainable net operating income with some growth in a stable market. 

Finance 83

Finance Bootstrapping Startup Equity 83

Gust

DECEMBER 24, 2012

New product startups rightfully begin with a heads-down focus on creating the ultimate product – whether it’s a new technology, a new look and ease of use, or a new low-cost delivery approach. That means setting up operational and financial metrics, educating team members, and rewarding the right actions. Image via Facebook.

Customer 166

Customer Startup Retention Differentiation 166

Austin Startup

AUGUST 13, 2018

Support the ATX Startup Community by voting for this selection of panels featuring Austinites. Of the thousands of submissions, our team has poured through and highlighted a diverse grouping of Austin startup focused panels that we think deserve to be at SXSW 2019! By: Tom Hadfiled, CEO @ M.io If you’re unfamiliar with PanelPicker?—?it

Austin 48

Austin Technical Review Cofounder Texas 48

The Startup Magazine

JUNE 4, 2024

Cash Flow Management: Monitor your cash flow to ensure you have enough liquidity to meet operational needs. Investment in Growth: Allocate funds strategically to areas that promote growth, such as marketing, product development, and talent acquisition. Positive cash flow is essential for business expansion.

Technical Review 117

Technical Review Agile Audience Employee 117

The Startup Magazine

JULY 4, 2017

The quickest and cheapest way to startup an online casino. The second step involves obtaining a license to operate. The venture requires a massive financial investment due to the numerous expenses that include marketing, payment services, license acquisition alongside an early license fee. Setup a white label!

Securities and Exchange Commission 60

Securities and Exchange Commission Software Review United Kingdom Affiliate 60

A Smart Bear: Startups and Marketing for Geeks

JULY 23, 2013

I wish the modern startup community would understand the mindset that gets a company to this point, and resist it. But, a growing SaaS company will be landing new customers, and in increasing numbers, which means piling up more and more unprofitable operations. Even with a great retention rate (e.g. ” It’s worse.

Business Model 335

Business Model .Net Revenue IPO 335

Hippoland

AUGUST 8, 2018

One thing I’ve noticed is that almost every repeat, previously-successful-founder focuses on the same thing for their respective startups: customer acquisition. But, if they are not, it’s very hard to use paid acquisition to generate that type of traffic for under $5. 2) B2B startups have high margins.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Hippoland

AUGUST 8, 2018

One thing I’ve noticed is that almost every repeat, previously-successful-founder focuses on the same thing for their respective startups: customer acquisition. But, if they are not, it’s very hard to use paid acquisition to generate that type of traffic for under $5. 2) B2B startups have high margins.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Startup Professionals Musings

AUGUST 18, 2013

Most startups, and many big businesses, still don’t have a clue on how to use social media productively for marketing their business. Because feedback from social media operates in real time, you don’t have to wait months for results. entrepreneur Ric Dragon startup social media business' Create an action plan with metrics.

Social Media 256

Social Media Media Product Conversion Ratio 256

David Teten

DECEMBER 16, 2015

Operations should focus relentlessly on the latter.”. For early stage companies, the metrics that matter might typically center around activation, engagement and retention. Customer Acquisition Cost (CAC). Metrics for Certain Categories of Startups. The best CEOs run their companies by their metrics. Net Income (Loss).

Metrics 60

Metrics Analytics Balance Sheet .Net 60

ReadWriteStart

AUGUST 26, 2022

I founded a startup years ago, and that’s how I started getting a taste of it. The startup didn’t work out, but I found ways to be around it, whether it was on the sales side in Goldman for a few years. How does that translate into advice that you give to your startups? But stuff like retention is super important.

Partner 132

Partner Cofounder Retention Acquisition 132

Seeing Both Sides

FEBRUARY 25, 2016

Yet, in recent years technology startups have embraced a new role, Growth Manager — alternatively Growth Hacker, Growth PM, or Head of Growth — that focuses on it exclusively. They work cross-functionally with engineering, design, analytics, product management, operations, and marketing to design and execute growth initiatives.

Management 20

Management Analytics Technical Review Framework 20