Startup Professionals Musings

DECEMBER 5, 2021

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create, and these are only the beginning. That’s a double death wish. Marty Zwilling.

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The Startup Magazine

MARCH 8, 2024

You may need funding for new equipment, hiring additional staff, expanding facilities, or investing in marketing and advertising campaigns. When considering debt options, comparing interest rates, repayment terms, and fees from multiple lenders is crucial to finding the most cost-effective solution.

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Finance Technical Review Metrics .Net 123

Startup Professionals Musings

NOVEMBER 2, 2022

Even non-profits need revenue to cover their costs, and continue to provide services. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Opportunity and revenue projections based on deep market and customer analysis are a smarter risk. Find a strategic partner to accelerate growth.

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Forecast Stock Options Technical Review Metrics 304

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. Hiring a lawyer for LLC formation might be a better option in this case. You will incur a legal cost of somewhere between $1,000 to $1,500 for the process.

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LLC Cost Limited Liability Company United States 110

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.

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Revenue Technical Review Software Review Equity 60

Startup Professionals Musings

JULY 13, 2012

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create. Here are three elements of most viral marketing campaigns: Hire brand evangelists.

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Viral Cost Marketing SEM 238

Startup Professionals Musings

OCTOBER 26, 2022

Business agility is defined as the ability to adapt rapidly and cost efficiently. Every organization must constantly review its hiring practices, training, and leadership to make sure the focus is on people who are motivated, open-minded, and empowered. Bureaucracy can appear quickly in startups as well as large companies.

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Agile Technical Review Leadership Social Media 379

ConversionXL

JULY 22, 2020

Sales and marketing misalignment reduces revenue, lowers the quality of customer service, and can even dampen company culture. This post, based on our experiences, covers: What misalignment looks like—and what it costs; What alignment looks like—and what you get; Four steps to go from wherever you are now to greater alignment.

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Sales Cost Marketing Audience 90

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.

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Revenue Small Business Social Media Technical Review 100

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.

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Startup Professionals Musings

OCTOBER 30, 2020

You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. This reduces the cost of customer acquisition, allows easy upgrades for service and new features, and improves customer loyalty in the face of new competitors in the market.

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Merger Acquisition Software Review Social Media 386

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.

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Software Review Technical Review Retention Cost 138

YoungUpstarts

SEPTEMBER 15, 2015

The right advisor can have a greater impact on the success of your small business than any other hire you ever make. Here are seven ways that advisors can immediately help your small business achieve the next level of success: Assist With Strategies & Connections to Have Record Revenue & Profit in 2016.

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CTO Hire Fractional CTO Small Business Hiring 100

Startup Professionals Musings

JUNE 2, 2021

Short-term earnings per share may be low, even as revenues and cash burned are high. Select new hires with attention to values. It’s now more intense than ever, with the cost of entry going down, and new players easily able to join the fray from anywhere in the world. Find funders who seek long-term returns.

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Software Review Algorithm Global IPO 355

The Startup Magazine

MAY 31, 2022

Your human resource activities can be outsourced to: Independent HR consultants are professionals who can assist you with hiring, HR policies, and other decision-making. On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). Cost-cutting.

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United States Salary Hiring Employee 137

Both Sides of the Table

NOVEMBER 14, 2017

As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. How long does it take me to pay back my original customer acquisition costs? As an early-stage VC I love this phase.

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Operations New York City Technical Review Startup 286

Mucker Lab

OCTOBER 10, 2023

In navigating the transition from founder-led sales to a structured approach, the pivotal question arises: when to hire a Sales Development Representative (SDR) or an Account Executive (AE) ? If there are inbound leads, the situation is different; hiring an AE might be suitable if these leads align with the ideal customer profile.

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Early Stage Sales Developer Development Team Review 78

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. It also provides critical domain experience in a variety of business sectors.

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Incubator Startup Software Developers Software Development 188

Transformify

MARCH 14, 2020

At the same time, the stock markets collapsed, and most businesses already report skyrocketing losses, unmet revenue targets and insufficient stock due to production slow down in China, India and the rest of the world. Work from home and remote work also significantly cut office costs.

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Hiring Bulgaria Italy Spain 98

Both Sides of the Table

DECEMBER 27, 2011

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. Simplifying: Revenue -. Operating Costs.

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Startup Revenue Technical Review Flash 418

Women Entrepreneurs Can

APRIL 4, 2024

The next step is to total your revenue and spending for the year. How Much Does Tax Preparation Cost with a CPA? Is Hiring a CPA Worth It? Attempting to accomplish things yourself comes with significant opportunity costs. How to Choose a Superior Accountant Establish your financial objectives clearly before hiring a CPA.

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CPA Cost Hiring Revenue 40

Up and Running

AUGUST 15, 2014

It could be time to hire some help. 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? . Disadvantages of hiring a new employee: An employee costs you money.

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Hiring Employee Los Angeles SBA 99

Startup Professionals Musings

FEBRUARY 8, 2020

Even non-profits need revenue to cover their costs, and continue to provide services. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Opportunity and revenue projections based on deep market and customer analysis are a smarter risk. Find a strategic partner to accelerate growth.

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Management Entrepreneur Forecast Stock Options 322

Women Entrepreneurs Can

JANUARY 24, 2021

Business events are a brilliant tool for marketing and networking, but when you consider the cost, they’re not always the most efficient strategy. The easiest way to do that is to cut the cost of hosting the event in the first place. Before you plan your next business event, make sure that you keep these cost-cutting tips in mind.

Cost 52

Cost Hosting Software Review Social Media 52

Startup Professionals Musings

FEBRUARY 24, 2019

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create, and these are only the beginning. That’s a double death wish. Marty Zwilling.

Viral 268

Viral Marketing SEM Campaign 268

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?

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Affiliate Revenue Internet Marketing 134

crowdSPRING Blog

JANUARY 27, 2013

Today I want to write briefly about a strategy we have used to very good effect when hiring new workers: outsource. I am not talking about outsourcing work to other companies, but rather finding, hiring, and developing a network of freelance vendors or contractors. This does not just apply in the world of creative services.

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Lean Hiring United States Small Business 99

Startup Professionals Musings

FEBRUARY 1, 2020

Business agility is defined as the ability to adapt rapidly and cost efficiently. Every organization must constantly review its hiring practices, training, and leadership to make sure the focus is on people who are motivated, open-minded, and empowered. Bureaucracy can appear quickly in startups as well as large companies.

Agile 315

Agile Technical Review Leadership Social Media 315

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-

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Entrepreneur Software Review Technical Review Revenue 92

Berkonomics

MARCH 21, 2024

The sum of the savings and increases in revenue were worth multi-millions annually, well worth the implementation of most or all of the recommendations. The post Hire a consultant; ignore the advice! I have a partner in a consulting practice that specializes in the travel industry. first appeared on BERKONOMICS.

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Hiring Campaign Advertising Revenue 62

Up and Running

FEBRUARY 16, 2022

The financial plan section of your fitness business plan should discuss everything relating to your revenue, income, and budget. Start up costs for an online fitness business can really vary depending on the type of investments you want to make. Facility and location. Management team.

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Business Plan Software Review Demand Hiring 81

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?

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Revenue Employee Small Business Matching 150

ReadWriteStart

JUNE 8, 2021

After launching a new startup, you’ll be interested in growing the business as quickly as possible, thus generating more revenue, securing more stability, and improving your reputation as well. But with efficient employees, your costs decrease, customer loyalty increases, and your business model will have a much better chance of success.

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Employee Product Startup Software Review 127

The Startup Magazine

MAY 2, 2022

It means not just great sales figures but also more revenue from each sale on average. It means companies can focus less on finding qualified workers who fit within their budget range (less overhead costs) and if there is a need for additional space due to increased demand caused by increased production capacity.

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Software Review Social Media Analytics Employee 143

The Startup Magazine

OCTOBER 4, 2023

This blog aims to guide you through the process, from the initial steps of conducting market research to operational management, hiring staff, and more. Be mindful of rent or purchase costs, accessibility for staff and customers, as well as estimated commuting times. Finding the sweet spot where quality meets affordability is key.

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Balance Sheet Technical Review Business Model Business Plan 108

ConversionXL

JUNE 8, 2017

It is about focusing your marketing efforts on a few select companies that could represent huge revenue streams. In these cases, it’s best to get an intimate understanding of the job itself, what creates demand for it, and what you’d hire to do the job. If you are in B2B, you’ve certainly heard of account-based marketing by now.

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Programming Revenue Analytics Software Review 97

ReadWriteStart

FEBRUARY 21, 2021

Oftentimes, new startups are inclined to cut costs that seem superfluous or unnecessary for the core business model to function. In many cases, digital marketing offers a return on investment (ROI) of many times your initial capital, meaning $1,000 per month in spending could turn into $3,000 per month in revenue.

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Startup Software Review Open Source Technical Review 106