Startup Professionals Musings

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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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8 Tactics For Every Entrepreneur To Manage Technology

Startup Professionals Musings

Only one component of running a business is managing technology, but it is a critical component, so no entrepreneur can afford to ignore it or totally delegate it. That means every entrepreneur needs to learn how to attract, hire, and manage technical people for their team. For non-core technical strength, look for outside partners.

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7 Keys To Making You A Team Leader And Future Manager

Startup Professionals Musings

One of the things I’ve learned in working with aspiring entrepreneurs is that managing and leading a team is a scary venture into the unknown for many people, even if they have worked as a business professional for years. Understand both leadership and management. You don’t have to be a boss to be a leader or a manager.

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Change Your Management Style To Meet Today’s Culture

Startup Professionals Musings

Yet, in my daily role as an advisor to entrepreneurs and small business owners, struggling to boost revenues, profits, and earnings, I still see too many managers falling back on command-and-control, a focus on weaknesses, and not enough time for people. But these days it’s required and inevitable.

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10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. The challenge is to avoid the bad risks, while actively seeking and managing the smart risks. Risk is more manageable with subscriptions and even freemium pricing.

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Are You Properly Managing Your Core Competency?

Startup Professionals Musings

Recently, Ive seen a lot of discussion about bringing the work back home, since costs have gone up in less-developed countries, there are issues with intellectual property, and time zone and language differences make management difficult. Its easy to find companies in certain countries that will quote cost reductions up to 75 percent.

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Entrepreneurs Need Time Management Accelerators

Startup Professionals Musings

Every person, no matter what their passion, needs to revisit the principles of time management from time to time. Effective time management skills are often the best competitive edge. Time management is a learnable skill, but it takes continual focus. business entrepreneur Jan Yager startup time management'