Startup Professionals Musings

OCTOBER 16, 2022

Often the Boomer is more willing to work for equity, and easily convinced to step aside when revenues reach that next threshold. Manage customer service. Marketing and sales to Gen-Y customers. Member of the Advisory Board. Personnel Manager. All the learning from parenting pays big dividends here.

Advisory Board 368

Advisory Board Dividend Angel Investor Cofounder 368

Startup Professionals Musings

MAY 22, 2020

If the company has been around for more than a couple of years, and still has no product or revenue flow, there better be a good explanation. One more key employee or one more investor will probably not turn the situation around. Is there a real customer willing to give a testimonial?

Technical Review 436

Technical Review Due Diligence Sweat Equity Burn Rate 436

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? . A new employee can breathe new life into your business and generate new ideas.

Hiring 99

Hiring Employee Los Angeles SBA 99

Startup Professionals Musings

FEBRUARY 18, 2023

If the company has been around for more than a couple of years, and still has no product or revenue flow, there better be a good explanation. One more key employee or one more investor will probably not turn the situation around. Is there a real customer willing to give a testimonial?

Sweat Equity 207

Sweat Equity Burn Rate Technical Review Intellectual Property 207

Duct Tape Marketing

NOVEMBER 8, 2023

Key Takeaway: In the world of customer experience, mishaps are inevitable. However, by approaching customer recovery with style, empathy, and exceptional ownership, businesses can turn these situations into opportunities to create raving fans. 15:10 What are the best strategies for fixing a poor customer experience? [17:56]

Customer 73

Customer Technical Review Employee Artificial Inteligence 73

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. . 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.

United States 140

United States Salary UAE Hiring 140

Steve Blank

JANUARY 17, 2023

Venture Studios are an “idea factory” with their own employees searching for product/market fit and a repeatable and scalable business model. The studio’s internal team builds the minimal viable product, then validates an idea by finding product/market fit and early customers. They do the most to de-risk the early stages of a startup.

Technical Cofounder 364

Technical Cofounder Intellectual Property Technical Review Incubator 364

Startup Professionals Musings

OCTOBER 21, 2023

How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Proof of any business model starts with a finished product or solution, sold to a new customer for full price, with high satisfaction for the value received. Plan for a real revenue model.

Business Model 273

Business Model Customer Angel Investor Bootstrapping 273

A Smart Bear: Startups and Marketing for Geeks

JANUARY 4, 2018

Late last year we passed $100M in annual recurring revenue. That revenue is in on 75,000 customers, earned through the hard work of 500 employees across six offices on three continents. Every day, 5% of the entire online world visits a customer running on the WP Engine Digital Experience Platform.

Engineer 152

Engineer Revenue San Francisco Security 152

Duct Tape Marketing

JANUARY 4, 2024

Our deep dive into the world of email newsletters unveils tactical strategies for transforming subscribers into revenue-generating assets. Key Takeaways: Russell Henneberry provides the tactical strategies to transform subscribers into revenue. Exclusive to new customers—upgrade and grow your business with ActiveCampaign today!

Revenue 76

Revenue Advertising Email ChatGPT 76

Steve Blank

APRIL 1, 2020

Your customers will no longer be your customers. Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? Your customers start buying. Ask yourself: Are there now new customers, new services and new channels to pursue? How many months of cash do you have?

South Korea 334

South Korea Salary Business Model China 334

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. If you’re feeling awkward about asking customers for a reference or new business lead, don’t.

Revenue 100

Revenue Small Business Social Media Technical Review 100

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. At least 12 months of customer history, generally 20+ enterprise customers or 200+ SMB customers.

Revenue 60

Revenue Technical Review Software Review Equity 60

Startup Professionals Musings

JANUARY 5, 2019

Provide website forums to help customers solve their own problems. Use free e-commerce software and services like PayPal before building an expensive customized solution. Generate revenue around the clock. Finally, use customer feedback or promotions to attract more and more customers with less and less effort.

Technical Review 243

Technical Review Software Review Internet Revenue 243

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 7, 2017

The company landed one big customer representing 80% of total revenue, but that customer canceled. It wasn’t a mistake to sign that customer — it funded the entire company. A key employee left the company, which caused the company to fail. “One big customer” is brittle.

Software Review 294

Software Review Channel Revenue Non-Compete 294

The Startup Magazine

SEPTEMBER 22, 2022

Hire the top-tier employees. Employees are the engine that will drive your company to success. Since you are starting from scratch your initial employees are expected to take senior positions as your startup keeps evolving. When it comes to startups, there is really no bad way to reach out to new customers.

Startup 169

Startup Non-Compete Social Media Global 169

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. Customer relationship management software.

Small Business 173

Small Business Agile Software Software Developers 173

The Startup Magazine

MAY 2, 2022

It means not just great sales figures but also more revenue from each sale on average. And perhaps most importantly, better customer satisfaction levels due to better quality products getting produced at lower costs. Tracking Employee Performance and Activity. Allow Employees to Change the System. Automate Tasks.

Software Review 146

Software Review Social Media Analytics Employee 146

Both Sides of the Table

NOVEMBER 14, 2017

There is nothing more pure than building a product, putting it out in the world and seeing paying customers using your product and in some cases loving it. As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. How long does it take me to pay back my original customer acquisition costs?

Operations 286

Operations New York City Technical Review Startup 286

Startup Professionals Musings

JANUARY 18, 2020

Often the Boomer is more willing to work for equity, and easily convinced to step aside when revenues reach that next threshold. Manage customer service. Marketing and sales to Gen-Y customers. Member of the Advisory Board. Personnel Manager. All the learning from parenting pays big dividends here.

Advisory Board 312

Advisory Board Startup Dividend Angel Investor 312

Up and Running

JUNE 7, 2021

Today, however, we are witnessing a shift toward a more intrinsic motivation for both companies and their employees. Once united merely by their commitment to providing value for their companies and their customers, they are now united in being of value to society. The history of social responsibility in business.

Framework 191

Framework United States Employee Vesting 191

Steve Blank

APRIL 10, 2019

VC’s have just changed the ~50-year old social contract with startup employees. For most startup employee’s startup stock options are now a bad deal. As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees. Here’s why.

Stock Options 334

Stock Options Stock Vesting Common Stock 334

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue.

Founder 274

Founder Technical Review CTO Hire IPO 274

Transformify

MARCH 14, 2020

These days, due to coronavirus outbreak, many businesses have asked their employees to work from home. 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.

Hiring 98

Hiring Bulgaria Italy Spain 98

YoungUpstarts

APRIL 17, 2018

As a new entrepreneur or business owner, the most important thing you will do is hire talent. Hiring = Sales. Robert Metcalfe, co-founder and CEO of 3Com, says you need to think about it as “recruiting, not hiring”. impactful work (we point to specific features that are being used by 100s of customers) and 3.

Cofounder 164

Cofounder Elevator Pitch Hiring Dividend 164

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 4, 2017

By which they mean: Without stupid rules that assume employees are dumb or evil, without everything taking ten times longer than it should, without wall-to-wall meetings, without resorting to hiring anything less than the top 1% of the talent pool, and so on. Why is this impossible when you have 500 employees? Predictability.

Government 223

Government Startup Cofounder Technical Support 223

ReadWriteStart

NOVEMBER 20, 2023

Negotiate with Providers: Contact your software providers and explore the possibility of negotiating better pricing or customized packages that suit your specific requirements. Carl Jenson, Founder of Compare Bank, emphasizes the importance of involving employees in identifying and implementing cost-saving measures.

Software Review 138

Software Review Technical Review Retention Cost 138

Startup Professionals Musings

AUGUST 28, 2019

New entrepreneurs tend to focus only on getting the product right, and assume that the right culture and ethics will come later simply by hiring good people. Hire only ethical people, so further time on business ethics is not needed. This is usually an excuse for not developing ethical policies and practices.

Software Review 192

Software Review Offshore Leadership .Net 192

The Startup Magazine

MAY 22, 2018

At this stage of a company, all employees of the company need to proactively focus on customers and their receptivity to the offering. For these startup companies, the client success team does not falter as the company grows because they adjust to the changing expectations of customers as the request volumes grow.

Customer 81

Customer Early Stage Churn Rate Startup 81

YoungUpstarts

MARCH 11, 2019

As a result, it is almost impossible for a CEO or an employee to become an expert in every area of business. You will develop the knowledge and skill set to lead your business out of uncertainty and will be able to generate a healthy annual revenue. Each employee will contribute to your company’s productivity, revenue, and reputation.

Reputation 127

Reputation Technical Review Global Leadership 127

Hearpreneur

DECEMBER 29, 2021

It could be more revenue, hiring clients, or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. Initially, I would like to hire people from my neighborhood, with the goal of expanding to other communities in the future. 7- Providing employee engagement software.

Entrepreneur 136

Entrepreneur Social Media Employee Los Angeles 136

Up and Running

JULY 28, 2022

Generally, the size is based on the number of employees and annual receipts for a given period. Small Business Administration , an organization is considered to be a small business if their: Firm revenue ranges from $1 million to $40 million Number of employees is between 100 and 1,500. According to the U.S.

Small Business 167

Small Business Intellectual Property Cofounder Software Review 167

Steve Blank

SEPTEMBER 5, 2018

Reading the NY Times article “ Jeffrey Katzenberg Raises $1 Billion for Short-Form Video Venture, ” I realized it was time for a new startup heuristic: the amount of customer discovery and product-market fit you need to find is inversely proportional to the amount and availability of risk capital. He just hired Meg Whitman.

Lean 335

Lean Burn Rate Startup IPO 335

Hearpreneur

JANUARY 1, 2023

As I've taken the time to invest in companies and programs that can manage various facets of my business on my behalf, I've been able to increase my revenue and provide better financial insulation for my firm to help it withstand the negative effects of a recession. Our teams and employees are our biggest support during an economic downturn.

Entrepreneur 97

Entrepreneur Software Review Technical Review Revenue 97

VC Cafe

SEPTEMBER 26, 2022

A combination of competition for top talent and an effort to bring employees back to the office drove startups in Israel to throw extravagant parties and all-inclusive retreats abroad. The press took notice, especially since just a few months later startups were laying off employees en-masse to cut costs. Need for Speed, indeed.

Founder 187

Founder Startup Valuation Pre-Money Valuation 187

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

YoungUpstarts

NOVEMBER 19, 2020

People refers to the management and employees that are currently employed by the business. Committed employees and tenured management teams can act as a value driver as they are directly involved with the direction and growth of your company. You should always design with the customer experience in mind.

Exit Strategy 246

Exit Strategy Intellectual Property Valuation Metrics 246