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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product.

Cost 264
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10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. The challenge is to avoid the bad risks, while actively seeking and managing the smart risks. Implement a modern real business model.

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10 Strategies To Avoid Bad Risks In Your New Venture

Startup Professionals Musings

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. The challenge is to avoid the bad risks, while actively seeking and managing the smart risks. Implement a modern real business model.

Forecast 304
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9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Minimize one-time sales in your business model. You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. Minimize permanent hiring and customized operational facilities. Every new business has unexpected pivots and adjustments, and outsourcing is easier to manage.

Merger 386
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How To Start a Dry Carpet Cleaning Service

The Startup Magazine

Not just any carpet cleaning business, but specifically an endeavor in dry carpet cleaning services. This blog aims to guide you through the process, from the initial steps of conducting market research to operational management, hiring staff, and more. Finding the sweet spot where quality meets affordability is key.

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6 Building Blocks Make Amazon A Global Market Leader

Startup Professionals Musings

Thus I was pleased to see the evidence confirming that perspective in a new book, “ The Amazon Management System ,” by Ram Charan and Julia Yang. In my view, every startup in today’s world would do well to adopt a management system with the same key objectives: Start with a customer-obsessed business model.

Global 308
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Top 5 Tools That Every Startup Needs to Provide an Excellent Customer Care

The Startup Magazine

This way, management can review calls made by these agents. Help desk software is a tool to help you manage support requests and improve customer satisfaction. You can create a knowledge base in any content management system (CMS) or platform. . Social Media Management Platform. Help Desk Ticketing System.

Customer 133