Startup Professionals Musings

SEPTEMBER 16, 2023

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology. The cost of social media done well is low. Marty Zwilling

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

Both Sides of the Table

APRIL 26, 2016

The key to being able to run a business that isn’t yet profitable (on operating margin) is availability of capital to finance losses and preferably at a cost that isn’t too punitive to the founders and employees. CAC is often measured incorrectly and doesn’t often doesn’t capture the true costs of acquisition.

Metrics 150

Metrics Cost Acquisition Startup 150

ReadWriteStart

NOVEMBER 20, 2023

Review Your Software Subscriptions “Reviewing your software subscriptions can be a quick way to reduce costs. Remove any redundant software that adds to your costs without providing tangible benefits. Look for discounts and group rates to reduce costs. ” — Carl Jenson, Founder of Compare Bank.

Software Review 138

Software Review Technical Review Retention Cost 138

Startup Professionals Musings

FEBRUARY 8, 2023

Most business professionals I know have been conditioned to think of inflation as highly negative, driving up their costs, and reducing customer buying. I see it as an opportunity to find new ways to attract customers , make long-needed changes to improve productivity, and lower your own costs of doing business.

Technical Review 239

Technical Review Revenue Social Media Cost 239

YoungUpstarts

OCTOBER 23, 2019

But in this customer-focused model, some businesses make the mistake of neglecting to focus on their employees. Their study, alongside others , found that happier employees are at least a predictor of customer happiness, if not one of the main causes. Happier employees = greater customer loyalty. But what’s the reason for this?

Employee 113

Employee Customer Software Review Salary 113

The Startup Magazine

MARCH 6, 2024

Research and Development Costs: Heavily dependent on novelty and technological advances, the electronic industry has to bear the hefty costs of research and development. That is why consumer surveys, interviews, discussions, and opinions matter the most, and so R&D costs are sky-high when talking about this industry.

Operations 134

Operations Management Software Review Technical Review 134

Startup Professionals Musings

JUNE 21, 2020

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Long-term stability requires revenue growth and profit. Both have worked. Traditionally, it was simple.

Revenue 434

Revenue Valuation Viral Retention 434

Startup Professionals Musings

MAY 14, 2023

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Up and Running

JUNE 1, 2021

It’s even possible for many of them to be revenue-neutral or better. Here’s an explanation of what conditions make an employee benefit revenue-neutral and a look at the five best options for businesses in a post-pandemic hiring environment. What is a revenue-neutral benefit? Flexible working arrangements.

Revenue 150

Revenue Employee Small Business Matching 150

Startup Professionals Musings

FEBRUARY 17, 2021

It wasn’t so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. Almost anyone can start a company today on a shoestring budget, following these cost-cutting recommendations: Establish a solid legal structure for your business.

Cost 405

Cost Entrepreneur Burn Rate Social Media 405

SoCal CTO

SEPTEMBER 27, 2011

I was asked by a reader how much equity he should give out to early employees and to service providers in a very early stage startup. Founders vs. Early Employees To help with this discussion, let me start with a definition of "early employee." I'll get to service providers in a later post. Which means n = (i - 1)/i.

Early Stage 391

Early Stage Equity CTO Hire Sweat Equity 391

YoungUpstarts

MAY 3, 2019

With your business growing, revenue flowing in, and your team beginning to expand, it makes sense to start looking to the horizon and sending your representatives out to spread the word about your small business. Expectations for employee conduct during travel. How can the employee make a claim?).

Employee 127

Employee Reputation Small Business Global 127

Startup Professionals Musings

NOVEMBER 28, 2020

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology. The cost of social media done well is low. Marty Zwilling.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

David Teten

AUGUST 19, 2019

So you’re interested in raising capital from a Revenue-Based Investor VC. A new wave of Revenue-Based Investors (“RBI”) are emerging. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Rational burn profile, up to 50% of revenue at close, scaling down. Bigfoot Capital.

Revenue 60

Revenue Technical Review Software Review Equity 60

Startup Professionals Musings

APRIL 14, 2021

For example, my dictate that entrepreneurs need to find a “ painful ” problem to solve (such as high cost, low productivity) to attract customers, doesn’t really account for many successful startup businesses today, including top social media platforms, dating sites, and new fashions. All of these tend to override cost and usability.

Customer 432

Customer Social Media Dividend Technical Review 432

The Startup Magazine

FEBRUARY 3, 2022

When these operations are efficient, companies can meet customer demand quickly and maintain stable costs. The fastest way to drastically improve efficiency and productivity at your facility is to make sure your employees work with top-notch equipment. Provide Thorough Employee Training. Improve Employee Comfort.

Software Review 136

Software Review Product Technical Review Operations 136

The Startup Magazine

MARCH 28, 2021

In this guide, we will discuss the different ways you can set up an LLC and the costs involved. The only costs that you will need to pay will be the state filing fee. You will incur a legal cost of somewhere between $1,000 to $1,500 for the process. LLC Formation Costs. What Are Your Options for LLC Formation?

LLC 110

LLC Cost Limited Liability Company United States 110

Mike Michalowicz

APRIL 15, 2013

You fix your bottom line by increasing revenue or cutting costs or both. You can’t guarantee that you will increase revenue by next month, but you can guarantee that your rent will be due. We cling to our expenses, believing we will need all those costs the moment we land that big client. Costs pile up predictably.

Cost 151

Cost Bankruptcy Revenue Software Review 151

YoungUpstarts

DECEMBER 7, 2017

According to the Small Business Administration , just one in two businesses with employees survives to see its fifth anniversary. By the 10-year mark, fewer than 30% of businesses with employees remain viable. Two conditions that do matter to your startup’s out-year viability are the cost and length of its product development cycle.

Cost 100

Cost Developer Small Business Administration Marketing 100

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? Cut costs to stay alive for 24 months. Payroll costs/other variable costs. The ripple effects won’t be obvious at first.

South Korea 333

South Korea Salary Business Model China 333

ReadWriteStart

DECEMBER 20, 2022

While employees are often inspired by success stories and case studies of triumphant innovation tales of large companies, the cost of not innovating is often overlooked. Sharing the stories of organizational failure due to a lack of enterprise innovation can create a sense of urgency in employees and make them understand the stakes.

Software Review 190

Software Review Application Development Technical Review Bankruptcy 190

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. . On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). 2 Managing Performance.

United States 137

United States Salary UAE Hiring 137

VC Cafe

OCTOBER 23, 2022

The CEO shared the revenue target for the year at X, and the revenue target for next year at 3X. One of the board members asked a simple question: “Why is revenue our North Star KPI? One of the board members asked a simple question: “Why is revenue our North Star KPI?”

Metrics 179

Metrics Revenue B2C Portfolio 179

Startup Professionals Musings

AUGUST 19, 2020

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

YoungUpstarts

JUNE 16, 2016

Not only are you kicking it when it comes to revenue, you’re also savvy marketers with impressive do-it-yourself skills. Digging into the numbers, 70 percent of small business owners reported meeting or exceeding their Q1 2016 revenue targets. But what really works? Yet don’t be afraid to experiment with new marketing tools.

Revenue 100

Revenue Small Business Social Media Technical Review 100

Feld Thoughts

OCTOBER 28, 2011

While Jane was building SayAhh’s revenue projections , Dick focused his attention on building the expense side of the projections. It is simple in that it forecasts how much cash will be coming in the door (revenues + equity financing + debt financing) and then subtracts from that amount how much cash is expected to be going out the door.

Revenue 127

Revenue Balance Sheet Forecast Software Review 127

Berkonomics

JANUARY 12, 2023

Some types of businesses generate more and more recurring revenues over time, often growing to a size where recurring revenues pay all of the overhead of the company – an enviable position. The surprising recurring revenue trap. Legacy system recurring revenues. The enterprise value of recurring revenue-based companies.

Revenue 118

Revenue Cloud IPO .Net 118

VC Cafe

FEBRUARY 27, 2024

especially if the startup already has a product and revenue? To reduce the impact of dilution, the expectation is that startup valuation should more or less double between the pre-seed to the seed, and seed to series A (ideally backed by reasonable traction/ revenue multiples). A founder asked me what makes a $2M round “pre-seed”?

Valuation 186

Valuation Software Review Generative AI Technical Review 186

ReadWriteStart

DECEMBER 15, 2022

Client work serves as an additional source of revenue to form new startups. This outside work provides a valuable source of revenue able to be used to fund operations. Over time, this revenue reduces the dependency on outside venture capital sources. Keep Employees Engaged When on The Bench.

Incubator 188

Incubator Startup Software Developers Software Development 188

The Startup Magazine

FEBRUARY 14, 2018

Your employees can’t get work done when they don’t have access to the data they need. According to research from ITIC , 98 percent of organizations have calculated that a single hour of downtime can cost over $100,000. To reduce costs, you might have purchased hardware from various manufacturers and distributors.

Networking 68

Networking Cost Architecture Software Review 68

Hearpreneur

JANUARY 1, 2023

During such times a firm should take measures that have historically been thought to safeguard it, such as cutting costs, lowering goals, and keeping an eye on cash flow to weather the impending storm. If possible, settle debts before being subject to inflationary costs for your business. Thanks to Abdul Saboor, The Stock Dork ! #2-

Entrepreneur 96

Entrepreneur Software Review Technical Review Revenue 96

YoungUpstarts

FEBRUARY 12, 2020

These range from budgets being significantly smaller, profit margins being squeezed, and employees juggling various roles to meet the needs of the company. Consider investing in these four software categories to improve business performance and bring in more revenue. Marketing automation software.

Small Business 173

Small Business Agile Software Software Developers 173

Up and Running

AUGUST 15, 2014

If you own your own business and find that you simply don’t have enough time on your hands to be able to do all the things you need to do, you may be asking yourself should you hire an employee? . If you’ve already got employees, your question will be similar, when is the right time to hire another employee?

Hiring 99

Hiring Employee Los Angeles SBA 99

The Next Web

NOVEMBER 6, 2013

If your startup’s goal is to sell a product or service but you’re having a hard time with your revenue model, affiliate marketing might be the perfect match to give you that much-needed boost. Affiliate marketing can help your startup rise above the clutter and increase your revenue. What is affiliate marketing?

Affiliate 134

Affiliate Revenue Internet Marketing 134

View from Seed

JUNE 13, 2019

revenue business still growing >50% YoY? Chewy now has over 10 million customers, repeat purchases by existing customers account for approximately 90% of their revenue today. This is analogous to SaaS companies like Slack or Dropbox, which have strong revenue growth just as their existing users consumer more of their service.

Leadership 214

Leadership .Net Revenue Acquisition 214

YoungUpstarts

OCTOBER 13, 2020

The reduction of the business trips of their employees goes in that direction. All employees can decide where to work and where to live. In this way, we can reduce the time spent in commuting, reduce the environmental impact of our activity, optimize living costs and improve our work-life balance.

Technical Review 278

Technical Review United States China Cofounder 278

Gregg Fraley, Author of Jack's Notebook

MAY 22, 2019

The Benefits of Innovation Training for Operational Employees. Why is it that organizations don’t invest in training operational employees? Don’t this large group of employees deserve a Brown Bag Innovation Training? It’s almost as if creativity from operational employees is actively discouraged.

Operations 54

Operations Employee Technical Review Agile 54