YoungUpstarts

JULY 23, 2017

This is where keeping your startup lean comes in. A lean startup only spends money on things it absolutely needs. I recently spoke with a friend of mine who runs a successful chain of Toronto Massage Companies who credits keeping her startup lean with much of her early success. It cross trains employees to keep the ship small.

Lean 193

Lean Startup Salary Programming 193

Steve Blank

SEPTEMBER 1, 2021

The idea of exploitation versus exploration was central in my own work in building the lean methodology for start-ups. Today, lean is the de facto method for building new start-ups. In the end, exploitation pays your salary while exploration pays your pension. Companies that survive do both.

Incubator 402

Incubator Lean Agile Business Model 402

Up and Running

AUGUST 19, 2014

You might have held off paying yourself while launching your startup, but is it time to give yourself a salary? Here are seven things to consider in order to determine if now is the right time to pay yourself a salary. Once you generate the financial support of investors, it may be time to reward yourself with a salary.

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

Startup Professionals Musings

FEBRUARY 15, 2023

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Bootstrapping does require a full confidence in your own passion to make decisions and change the world with no investors to lean on or blame. Marty Zwilling

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Hearpreneur

JUNE 9, 2023

We also run a lean business, with regular budgets and reviews of expenses. Raising salaries may not be viable at this time, but focusing on company culture and well-being can improve the employee experience, boost morale, and increase staff retention. Thanks to Sonia Gibson, Accounting Heart Chartered Accountants ! #10-

Entrepreneur 116

Entrepreneur North America Employee Retention 116

ReadWriteStart

JANUARY 26, 2021

Many business owners launch startups with the intention of running lean—relying on minimal resources to preserve the business for as long as possible. If you want to continue existing, you need to make money—ideally more money than you’re spending on things like employee salaries and raw materials. Running Out of Capital.

Startup 180

Startup Angel Investor Business Model Demand 180

Up and Running

APRIL 1, 2021

Whether it’s a disappointing setback, the lean, barely-profitable weeks that plague any fledgling business, or a simple oversight. On average, it takes entrepreneurs three years to accrue the same annual salary they received at their former full-time job. It’s a steep bar for entry but a necessary one.

.Net 123

.Net Technical Review Early Stage Finance 123

Startup Professionals Musings

SEPTEMBER 26, 2018

Of course, you might be able to pay yourself a salary from the investment, but this will be minimal and critically watched. Later, half of these come back to admit that their day job was not all that bad, less stressful, the work predictable, with others to lean on for hard decisions. Multitasking is the norm for everyone these days.

Salary 383

Salary Cofounder Lean Revenue 383

Startup Professionals Musings

MAY 18, 2020

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Bootstrapping does require a full confidence in your own passion to make decisions and change the world with no investors to lean on or blame. Marty Zwilling.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

ReadWriteStart

FEBRUARY 21, 2021

So what are the best ways to stay on the lean-side of things? Someone with 20 years of experience in the industry may seem like a great fit for growing your organization, but they’re also going to demand a high salary. Accordingly, you’ll need to be frugal. You’ll need to find creative ways to save money.

Startup 106

Startup Software Review Open Source Technical Review 106

SoCal CTO

NOVEMBER 1, 2010

The very last email I got from him told me the following: Thank you for your time Tony, I understand everyone wants a huge salary, no risk and a cut of the profits. However, when I told him that the level of engagement required from me and the fact that equity-only development was required, he seemed to be a bit offended.

Technical Cofounder 241

Technical Cofounder CTO Hire Equity Sweat Equity 241

Feld Thoughts

SEPTEMBER 16, 2011

The largest expense a company usually has at this stage is salaries. However, Dick, Jane and Praveena have decided to initially forgo salaries which helps them conserve cash in the near term. Dick is focusing his effort on getting some early customer validation and is using a Lean Startup approach.

Balance Sheet 125

Balance Sheet Fractional CTO Burn Rate Salary 125

Startup Lessons Learned

OCTOBER 11, 2016

Guest post by by Jennifer Maerz, contributing editor of Lean Startup Co. A big part of adopting Lean Startup in an established company involves fundamentally shifting the way organizations manage people and ideas. It translates to our documents but also to our salaries and our equity models. So far the wheels haven’t fallen off.

Agile 60

Agile Lean San Francisco Technical Review 60

Up and Running

JANUARY 15, 2018

Create a Lean Business Plan. Instead, you can create an alternative to a traditional business plan—a Lean Plan which is easier to adapt throughout the life of your business. Multiply this sum by twelve and add your ideal annual salary. The first step to running your own business is creating a solid plan.

Web 86

Web Design Software Review Elevator Pitch 86

SoCal CTO

MARCH 12, 2012

How Much Equity a Technical Cofounder Should Get 6 Ways to Find A Technical Co-Founder Places to Find Developers in Exchange for Sweat Equity How To Find A Programmer To Build Your Startup Idea Bootstrapping a Lean Startup Finding a Technical Partner for Your Startup Finding Your Co-Founders CTO Equity - Negotiation After Funding Startup CTO Salary (..)

Technical Cofounder 211

Technical Cofounder Cofounder CTO Hire Los Angeles 211

Growthink Blog

OCTOBER 16, 2012

Fixed costs include rent, salaries, maintenance, licenses, equipment, and other overhead expenses. Having more salaried employees or too expensive an office space are two examples that might lead to this. You reach your personal Black Friday when your fixed costs plus variable costs equal your income.

Software Review 85

Software Review Salary Advertising Sales 85

Both Sides of the Table

NOVEMBER 16, 2009

Admittedly annual pay increases weren’t as much as we would have wanted because these were the lean post dot com days but we at least tried to have Ryan top the range. We told him we’d file all the legal papers, pay for his move and normalize his salary with San Francisco. I knew that meant he wouldn’t come back.

San Francisco 322

San Francisco South Africa CTO Hire Fractional CTO 322

This is going to be BIG.

MAY 12, 2014

You''re running pretty lean when you''re on your first fund. I take a salary of $100,000, while healthcare and other HR related expenses like add up to another $16k on top of that. That''s a big help. You can look at this two ways. On one hand, this is probably less than your average associate makes.

Investment Bankers 167

Investment Bankers Term Sheet Venture Capital Technical Review 167

Brandanew

APRIL 29, 2018

All this when it’s merely a question of leaning in versus pure quality. In an ideal world, all employers would be transparent about salaries and all customers open to transparency while paying. Negotiating Higher Salary: Your Brand Is Worth More! Yet, few women tend to negotiate salaries.

Michigan 154

Michigan Turkey Salary Lean 154

YoungUpstarts

OCTOBER 5, 2017

Yet, with higher living costs and relatively lower salaries and benefits than the boomer generation, Millennials are buying products. Lean into social. Millennials are the children of the economic crisis, so they are much more discerning about the ways they spend money than their predecessors. They’re just doing so in a thoughtful way.

Marketing 150

Marketing eCommerce Technical Review Social Media 150

YoungUpstarts

MARCH 12, 2012

Recommended Post: Why secret salaries are a baaaaaad idea ). This blog offers great advice for transforming yourself into a lean and mean manager. This blog discusses personal productivity, lean manufacturing, and how you as a manager can help improve both. (Recommended Post: Task and Compliance Management ). Ask a Manager.

Management 178

Management Leadership Agile Lean 178

The Next Web

APRIL 1, 2018

If you’re leaning toward smart, you’re not alone. Emotional intelligence results in higher salary and better job performance, that’s why you need to… This story continues at The Next Web. “Would you rather be smart, or kind?” For most of us, this would be a difficult question to answer. Which do you choose? The answer is no.

Salary 154

Salary Lean Web Entrepreneur 154

OnlyOnce

OCTOBER 17, 2013

Lean In, Part II. My post about Sheryl Sandberg’s Lean In a couple months ago created some great dialog internally at Return Path. In other words, if all we did was rely on people’s starting salaries, their performance review data, and our standard raise percentages, we would have some level of gender-based inequality.

Lean 63

Lean Leadership Salary Equity 63

YoungUpstarts

FEBRUARY 27, 2015

receive a salary), or if they’re willing to bet a portion of their compensation on their own performance. Do they lumber aimlessly, take their time, shuffle back slowly, flop down into the chair, and lean on their elbows? In other words, they bet tomorrow’s paycheck on today’s ideas and effort.

Hiring 100

Hiring Technical Review Lean New York 100

The Startup Magazine

JUNE 1, 2023

There are startups out there that are valued at a billion dollars, but because of employee salaries, assets, etc. Lean” doesn’t come to mind when you think of a business that needs trucks, warehouses, cross-docks, and thousands of employees to run efficiently. they still aren’t profitable. You’re going to spend A LOT of time with them.

Early Stage 112

Early Stage Los Angeles Silicon Valley Cofounder 112

crowdSPRING Blog

MAY 27, 2013

Every business has certain fixed costs that remain the same from month to month; think rent for office space, salaries for full-time employees, and health care costs. Lean Marketing: Facebook advertising for newbies. Lean Business: Pivot Point. A nice tool can be downloaded here to assist your analysis.

Lean 90

Lean Widget Italy Small Business 90

Startup Lessons Learned

OCTOBER 30, 2008

Lessons Learned by Eric Ries Thursday, October 30, 2008 John Doerrs 10 lean startup tips I just saw video of John Doerrs talk yesterday at VentureBeat’s “How to manage your start-up in the downturn&# roundtable event. Voluntary salary reduction program. I was impressed enough to transcribe (and paraphrase) the list.

Lean 121

Lean San Francisco Continuous Deployment DC 121

Up and Running

AUGUST 20, 2010

He’s now doing it full time, and paying himself a salary for it. Tags: bootstrapping startup stories Floor Works Food Tour Corp lean startups Live Worldly LLC WSJ. Marc Ringel of Floor Works, in New York, started his flooring company in 2007 with $145. These stories are a good reminder.

Lean 69

Lean LLC Bootstrapping Startup 69

keen.io

FEBRUARY 5, 2013

And if the CEO says, “Salaries will be adjusted to market value soon,” that’s probably a best-case scenario. And they gave me a choice whether I’d want more stock or a higher salary.” It’s so weird to be negotiating my salary with our friends. It seems like I should take the highest salary and the lowest equity.

Salary 50

Salary Equity Startup San Francisco 50

Steve Blank

OCTOBER 5, 2009

As the conversation began to get down to how much stock and salary we could offer van Dam, we left the barber to finish his work and went to a payphone to call our CEO to confirm the deal. Reply Karma in the Lean Startup Era , on January 28, 2010 at 5:26 pm Said: [.] The response from across the country?

North Carolina 125

North Carolina Silicon Valley Fractional VPE Part-Time VPE 125

Hunter Walker

MAY 13, 2023

And during our first few years we leaned in to help teams find the right home when it didn’t work out for them as an independent company. In fact, sometimes acquirers are asking for the remaining cash on hand from the startup in order to ‘zero out’ the salary burden they’re taking on [HW note: 99.9%

Early Stage 117

Early Stage Cap Table Acquisition Sales 117

YoungUpstarts

FEBRUARY 18, 2020

Almost every leader I know earns their salary through giving deeply of themselves. Lean in, connect with others, engage, and find the real relationships all around you — your colleagues are probably a little lonely too. It will show that you care for yourself. As a coach and thought partner of top leaders, I know leadership is hard.

Leadership 173

Leadership Salary Lean Management 173

Hearpreneur

JUNE 4, 2021

Even though I had a job and earned a decent salary, I was spinning my wheels just to pay my bills. But I also leaned that is actually ok. That's why I founded my business Rise Above Your Story. Thanks to Sandra Cooze, Rise Above Your Story ! #12- 12- Gain freedom- emotional and financial. Photo Credit: Victoria Wieck.

Entrepreneur 130

Entrepreneur B2B Database Technical Review 130

YoungUpstarts

NOVEMBER 20, 2018

Rather than increasing the size of your team, you now have the option to remain lean and efficient, all without sacrificing business functions or abandoning important tasks due to the lack of manpower and expertise. You don’t always have to resort to offering higher salaries to get talents. Outsourcing brings added benefits too.

Non-Compete 113

Non-Compete Salary Lean Employee 113

crowdSPRING Blog

JULY 17, 2011

Training new employees takes time, detracts from mission critical work, costs real money in salaries and benefits during the training period (not to mention the training materials, people, venues, etc), and often return results that are not relevant for many businesses. Photo: Virginia Guard Public Affairs.

Small Business 88

Small Business Software Review Technical Review Startup 88

ConversionXL

SEPTEMBER 3, 2021

Go beyond the basic standard indicators (demographics, jobs, salaries, location, etc.). What hobbies do they lean on to pass the time or fulfill a passion? Prioritize user experience to build an app that improves quality of life. To build a valuable app that incentivizes daily use, you need to understand your audience.

Metadata 121

Metadata Technical Review Retention Metrics 121

Up and Running

MARCH 8, 2016

According to data from PayScale’s salary questionnaire, house cleaners, nationwide, earned an average of $15.09 At Palo Alto Software, we use a lean planning process to determine whether or not an idea is likely to succeed or to fail. While Simon is paying employees a wage in his startup phase, he isn’t paying himself a salary.

SBA 60

SBA Technical Review Software Review Business Plan 60