Remove Founder Remove Hiring Remove Software Development Remove Valuation
article thumbnail

5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Hire a professional marketing and public relations agency once you have a good revenue stream but you don’t need them to start a free blog, establish Facebook and Twitter accounts with initial content and complete the basics of search engine optimization. Cash flow can be drastically reduced by working out of your garage.

Burn Rate 258
article thumbnail

5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Hire a professional marketing and public relations agency once you have a good revenue stream but you don’t need them to start a free blog, establish Facebook and Twitter accounts with initial content and complete the basics of search engine optimization. Cash flow can be drastically reduced by working out of your garage.

Burn Rate 310
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Optimize SaaS Development Costs

Up and Running

The largest cost component of establishing a SaaS company is product development costs. This includes the design, development, launch, and enhancement of the SaaS application. . Often, SaaS company founders are not aware of steps, tools, and checkpoints they should follow while building their product. Do your design first.

Cost 158
article thumbnail

These Innocent Hiring Mistakes Can Kill Your Startup

Transformify

Your team is directly correlated with the valuation of your startup. All of the above is true, but it is also true that many startups have failed because they hired too early, too fast, or fired too late. Many of the points below can be found among the best hiring practices for startups and there is nothing wrong with them in general.

Hiring 64
article thumbnail

5 Keys To Minimizing The Burn Rate For Your Startup

Startup Professionals Musings

Hire a professional marketing and public relations agency once you have a good revenue stream but you don’t need them to start a free blog, establish Facebook and Twitter accounts with initial content and complete the basics of search engine optimization. Cash flow can be drastically reduced by working out of your garage.

Burn Rate 223
article thumbnail

Investors Measure Entrepreneurs By Cashflow Mileage

Startup Professionals Musings

Hire a professional marketing and public relations agency once you have a good revenue stream but you don’t need them to start a free blog, establish Facebook and Twitter accounts with initial content and complete the basics of search engine optimization. Cashflow can be drastically reduced by working out of your garage.

Burn Rate 262
article thumbnail

Startup Runway Length Depends on Your Burn Rate

Startup Professionals Musings

Another one to avoid cash burn for software development is a contract for percent of future revenue. For example, a web-based startup should be able to operate for a year if they raise $500,000 from the founders or angels. This will equate to 2 working founders (taking no salary), hiring a 5-person development team for a year.

Burn Rate 232