Remove Cost Remove eCommerce Remove Hiring Remove Seed Money
article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

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. Cost of Goods Sold (COGS) =.

Startup 418
article thumbnail

The Top 3 Financial Perks of Launching a Startup Company During College

The Startup Magazine

You should never ignore the opportunity for money off of the things you need to get set up. Moreover, some of these discounted products could be a good source for an ecommerce venture if you think out of the box. If money is your worry, then it’s time to be proactive. Low Costs . For instance, it has: . Final Words.