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10 Strategies To Avoid Bad Risks In Your New Venture

Startup Professionals Musings

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Find a strategic partner to accelerate growth.

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6 Effective Approaches to Maximize Profit Margins in Your Self-Storage Business

The Startup Magazine

Investing in automation technologies like smart locks and security systems enhances facility security while improving operational efficiency by reducing manual intervention. If you lack the time or resources to handle all these aspects in-house, consider partnering with a reputable self-storage management company.

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53 Questions Developers Should Ask Innovators

TechEmpower

Are there other founders, business leaders, partners, or administrators? Do you have a custom algorithm or other technology? If you launched tomorrow, how many users would you forecast? Where are you today, and what’s happening right now? What’s been done so far to validate the concept? Ads, Viral/Social, SEO)?

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How to Build a Robust Treasury Framework for Your Startup

The Startup Magazine

The Power of Liquidity Forecasting Imagine having a magic crystal ball that tells you about future expenses. Liquidity forecasting isn’t magical, but it’s close enough. By understanding the fees, services, and nuances of different banks, startups can choose a partner that truly complements their growth trajectory.

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10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Find a strategic partner to accelerate growth.

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Exploring Tax Strategies For Small Businesses: Insights Inspired By Troy Renkemeyer’s Experiences

The Startup Magazine

Partnerships share income and losses among partners, affecting individual tax brackets. Planning For The Future Forecasting is crucial in small businesses’ strategic tax planning and financial stability.

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Nygina Mills on the Role of Compliance in Risk Management in Building Resilient Businesses

The Startup Magazine

A robust compliance program can forecast potential challenges in the regulatory environment, providing a business with the necessary tools to adjust swiftly and efficiently. For example, the finance sector has seen a significant increase in regulatory technology to support compliance efforts.