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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. There are many books written on this subject, but this classic by Chris Ducker, “ Virtual Freedom ,” manages to pack a lot more practical guidance into a small space that many others I have seen.

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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). Leaders and investors need to know if you have and are tapping into your key sources of relevant data, including web analytics, sales management data, and customer relationship management (CRM) software.

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Significance of Strategic Operations Management in the Electronics Industry

The Startup Magazine

Strategic operations management in the electronic industry is not easy. Catering to a diversified niche at every level is tough, mainly because each product and service shall require some type of differentiation in the typical operations management within the manufacturing plants.

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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.

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How to Optimize SaaS Development Costs

Up and Running

The largest cost component of establishing a SaaS company is product development costs. How to optimize SaaS startup development costs. With proper awareness about the SaaS product development process, your costs can be managed better. All of this adds to your costs.

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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Don’t wait until you are almost out of cash before managing every dollar spent or looking for the next refueling from investors. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

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Effective Management Techniques to Reduce Employee Turnover

The Startup Magazine

Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. We’ll explore the latest and most effective management techniques and strategies managers can use to retain their best employees and build a stronger, more engaged workforce.

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