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Leaving Government for the Private Sector – Part 2

Steve Blank

Laura Thomas is a former CIA operations officer. At a large company, sales usually means someone else has done the broad shaping for a potential customer. Customer Success roles : This is akin to handling a source. You make sure the customer is happy and keeps buying, preferably more. Read part one here.

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5 Reasons To Enlist Outside Advisors For Your Startup

Startup Professionals Musings

Here are some key reasons why I believe every entrepreneur should create a formal Advisory Board or Board of Directors before they ask for funding, or even build their business plan: We all need a bit of reality to balance our passion. Board members provide inexpensive expertise.

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How To Survive The Loss Of A Main Customer

YoungUpstarts

In the early stages, it isn’t uncommon for businesses to bank their earnings on a handful of customers (or sometimes, just one). This is especially true for startups, which operate on the basis of customer traction to solidify expectations with investors or lending institutions. Conduct a post-action review.

Customer 347
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8 Tips For Quantifying Traction In Your New Venture

Startup Professionals Musings

According to most investors I know, traction is some clear evidence that the “dogs are eating the dog food” – usually meaning that you have at least one customer paying full price for your solution. Another term often mentioned is “momentum,” or growing visibility and advocacy within your customer set.

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5 Lessons Every Entrepreneur Should Know

YoungUpstarts

This was never really an issue during normal business operation as I lead the business development, strategy and operations, but by being the “majority partner”, our bylaws gave my former partner power that he used to litigate me into buying the company that I unquestionably dedicated more time and energy building.

CTO Hire 100
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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

He has grown our US operations from 1 employee (him) to a global organization of 75 employees that will finish the year with 8-digit revenues (90+% recurring) and more than 350% year-over-year growth. If you have investors or board members that have wide relationships you can get significantly more value out of them by keeping them informed.

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Target market advisory boards

Austin Startup

For startup founders, it’s never too early to start thinking about putting together a target market advisory board. I tend to think of this group as distinct from the business advisors with whom you may discuss operational strategy, but all the better if there is an overlap in capabilities.