article thumbnail

10 Remote Staffing Blunders That Will Cost You Dearly

Startup Professionals Musings

These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure. With the high-speed Internet, our workers can be anywhere in the world.” Let’s cut costs by outsourcing all from this point forward.” Bored and unmotivated teams are never cost-effective.

Cost 346
article thumbnail

7 Key Factors Obscure Your Customer Acquisition Costs

Startup Professionals Musings

As a business consultant and angel investor, I often ask for your own assessment of marketing ROI , or customer acquisition cost (CAC). Of course, you need work with partners and channel to quantity their costs and contributions and normalize total results. You have to determine how to share these costs and credit.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

7 Staffing Strategies That May Cost You Your Business

Startup Professionals Musings

Trying to save costs by seeking resumes on the Internet will result in poor quality candidates, more time required for screening and interviews, and high turnover. Making late or poor choices will cost you time, money, customers, and may cost you your business. Utilizing unprofessional sources for candidates.

Cost 260
article thumbnail

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
article thumbnail

Low-Cost Business Ideas for 2022

ReadWriteStart

Since most startups in 2022 are going online, you need to think about starting your business on the Internet. Thanks to the Internet, anyone can become a business owner. The post Low-Cost Business Ideas for 2022 appeared first on ReadWrite. What Business is Popular in 2022. Personal interests.

Cost 140
article thumbnail

5 Ways to Cut Costs with Business Analytics

The Startup Magazine

megabytes of data per second , and each internet user generates 2.5 The growing data analytics industry is poised to help businesses optimize analytics to reduce costs without jeopardizing growth. 3) Lower Marketing Costs. The post 5 Ways to Cut Costs with Business Analytics appeared first on The Startup Magazine.

Analytics 158
article thumbnail

10 Keys To A Credible and Trusted Internet Web Domain

Startup Professionals Musings

What validates credibility and makes your site memorable in the minds of consumers, and how much does it cost? These are all minimal-cost survival marketing efforts. Yet most startups I know experience the same shock of disappointment when they first open up their website to offer their “million dollar idea” product, and nobody comes.

Internet 294