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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.

Burn Rate 258
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Using Generative AI to Drive Corporate Impact

TechEmpower

Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction. Post-sale, AI analyzes customer data to improve service and loyalty, making it a cornerstone of modern sales methodologies.

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5 Effective Financial Management Practices Used in the Hospitality Industry

The Startup Magazine

While hotels and other businesses in the sector need to establish sound financial management practices, it can be difficult to find time for extensive training. But if you’re planning to build a business in the hospitality industry, you need a well-rounded financial management strategy. Leveraging Revenue Management Solutions.

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10 Restaurant Management Tips & Software Solutions

YoungUpstarts

Now more than ever, it’s important to improve your restaurant management, to stay afloat, and boost success. To support your restaurant management in 2021 and beyond, take a look at these software options and tips. Restaurant management software. For a top solution to manage your restaurant, Upserve is a great choice.

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Why Successful Product Management Involves More Than Spectacular Specs

YoungUpstarts

In 2013, I left a CTO job overseeing a 50-person product engineering team for the same job at a four-person startup. This learning experience left me with one seemingly obvious takeaway: The two trickiest variables of early product management are the “product” and the “management.”

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Helping Startups Understand Salespeople & the Sales Culture

Both Sides of the Table

Most technology startups seem to be funded by product people or business people. Specifically what is often not in the DNA of founders are sales skills. The result is a lack of knowledge of the process and of sales people themselves. I boil it down to this: sales people are sales people. Here are mine.

Sales 382
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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

For the rest of us, we need a business plan, as well as a product plan. Some of you may be convinced that your product specification communicates the product message even better than a business plan, so why be redundant? Professional investors and even customers invest in people, rather than just a product.