Startup Professionals Musings

FEBRUARY 21, 2012

Here are some recommendations on how to keep the rate low, and help your startup to prosper at the same time: Measure it and manage it. As a rule, you need to review your burn rate every month, and manage it every day. Pay people with equity or future revenue. The components are simple - expenses and income. Great strategy.

Burn Rate 232

Burn Rate Startup Salary Equity 232

YoungUpstarts

JULY 23, 2014

The companies that ‘rent’ these products on a SaaS basis enjoy the highest standard in software without the costs, risks and tech quandaries of in-house development. This Levittown model is the future of payments software. The build-it-yourself era of payment software development is coming to a close and for good reason. “We

Software 248

Software eCommerce Software Developers Software Development 248

Startup Professionals Musings

JANUARY 28, 2011

Here are some principles on how to do that, and help your startup to prosper and live another day: Measure it and manage it. As a rule, you need to review your burn rate every month, and manage it every day. Pay people with equity or future revenue. Focus precious cash only on producing revenue for your startup business.

Burn Rate 231

Burn Rate Startup Salary Equity 231

Startup Professionals Musings

SEPTEMBER 14, 2016

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 120

Burn Rate Hockey Stick Startup Salary 120

YoungUpstarts

JULY 16, 2019

Positions for software development and data science continue to expand throughout the industry. These are software engineers, business analysts, project managers, graphic designers, and web developers. Information systems analyst and consultants start at a median salary of $74,048. Inno Tech Alberta Inc.

Canada 167

Canada Hiring Artificial Inteligence Software Developers 167

crowdSPRING Blog

MARCH 10, 2013

Many smaller companies that provide creative services struggle every day to manage their capacity and their overhead. Other months, when business is slow, managers are left trying to keep their employees occupied and struggle to make the books balance. The trick is to find the right equilibrium for your company.

Lean 93

Lean Management Salary Hiring 93

Startup Professionals Musings

FEBRUARY 5, 2010

Here are some principles on how to do that, and help your startup to prosper and live another day: Measure it and manage it. As a rule, you need to review your burn rate every month, and manage it every day. Pay people with equity or future revenue. Focus precious cash only on producing revenue for your startup business.

Burn Rate 120

Burn Rate Startup Salary Equity 120

Hearpreneur

DECEMBER 30, 2020

My expertise in product development and project management came after working as a consultant in many industries. When I first started the company, we used to take up pretty much everything in the software development spectrum. We started our business in 2014, after a successful Kickstarter campaign. Thanks to Gigi J.K.,

Technical Review 144

Technical Review Entrepreneur Software Review SEO 144

Berkonomics

AUGUST 10, 2017

There is a relationship between time and money that is more complex than most managers think. Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. We often accept that development schedules for young companies are almost always too optimistic.

Silicon Valley 97

Silicon Valley Burn Rate Angel Investor Down Round 97

Transformify

FEBRUARY 28, 2020

Managing distributed workforce and remote teams was not something totally new for them. Team leads and managers were not experienced with managing remote teams and it took time to get up to speed with the new reality. installed on their laptops. What is the impact of COVID-19 on the economies worldwide?

South Korea 104

South Korea China Japan Asia 104

Transformify

AUGUST 27, 2017

You will have more time to focus on the strategy and sales while looking for the right project/ product manager, etc. Outsource the development of your MVP. This could be the right move as the software development companies have well-trained teams which mitigates the risk. The downside? We have been there. The downside?

Hiring 64

Hiring Software Review Burn Rate Startup 64

Growthink Blog

OCTOBER 16, 2012

Fixed costs include rent, salaries, maintenance, licenses, equipment, and other overhead expenses. These expenses also apply to intangible products that require software developers, consultants, website managers, pay-per-click advertising, and other expenses associated with creating intangible products or services.

Software Review 85

Software Review Salary Advertising Sales 85

ReadWriteStart

MAY 22, 2012

So far, Herman has put about $60,000 on his credit cards, using them mostly to finance software development. I did have to write off a portion of the receivables but was able to recover the following month using revenues from other projects.”. “I Both Turner and Herman are playing it smart, according to Worrell. “As

Technical Review 118

Technical Review Software Review Angel Investor Startup 118

crowdSPRING Blog

JANUARY 27, 2013

Small businesses hire contractors that range from professional services such as attorneys and accountants, but also by leveraging skills and services ranging from software developers to delivery drivers to computer repair technicians. Internal Revenue Service . This does not just apply in the world of creative services.

Lean 99

Lean Hiring Salary United States 99

Berkonomics

MARCH 30, 2010

There is a relationship between time and money that is more complex than most managers think. Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Email readers continue here.] Hedging against downturns The fight for quality.

Silicon Valley 85

Silicon Valley Burn Rate Angel Investor Down Round 85

Software By Rob

SEPTEMBER 29, 2010

Through my experience as a manager and employer I realized that the time and energy it takes to hire, manage, motivate, train, administer, and retain employees would be better invested in adding value to my products. You don’t have to play IT manager, which you often have to do with even very technical people.

Software Review 50

Software Review Costa Rica RSS Employee 50

Software By Rob

NOVEMBER 18, 2008

Most developers start as salaried employees, slogging through code and loving it because they never imagined a job could be challenging, educational, and downright fun. Some choose consulting, but many more inevitably decide to build a software product. Aside from working at Best Buy. Except for one thing.

Software Review 42

Software Review Software Product Salary 42

Software By Rob

SEPTEMBER 29, 2010

Through my experience as a manager and employer I realized that the time and energy it takes to hire, manage, motivate, train, administer, and retain employees would be better invested in adding value to my products. You don’t have to play IT manager, which you often have to do with even very technical people.

Software Review 27

Software Review Costa Rica RSS Employee 27

Software By Rob

JANUARY 7, 2009

You can go without these expenses for a short time while in startup mode, but if you plan to build a company that’s sustainable in the long-run you’re going to need to cover these expenses before you think about collecting a salary. 4 Inflecto [Software Developers] on 01.08.09 Costs range from $300-$1000 per year.

Software Review 52

Software Review Software Hosting Salary 52

www.singlefounder.com

OCTOBER 23, 2010

Go ahead and laugh, but over 95% of Moon River Software’s revenue this year has been from consulting services. The software I sell has made up less than 5% of total revenue in the past 12 months. Plenty of people enjoy creating and building things more than they enjoy managing companies as they get larger.

Software Review 40

Software Review Software Startup Massachusetts 40

discuss.joelonsoftware.com

NOVEMBER 1, 2010

I dont control the companys valuation: if for example the company is privately-held, then the value of equity might be complicated and outside my control (you can dilute equity, reinvest any revenue instead of paying it in dividends, etc., An employee is normally paid a salary or wages.

Sweat Equity 40

Sweat Equity Equity Angel Investor Affiliate 40

www.virtuosimedia.com

MARCH 8, 2012

If the idea was reliant on ad revenue for profit, it quickly becomes apparent that there will be no incoming money at all. Otherwise, you will have to offer actual compensation (read salary) in addition to corporate shares. Software development is like an iceberg – 90% of it is under the surface. Red Flags Galore.

Technical Cofounder 41

Technical Cofounder Cofounder Technical Review NDA 41

Startup Lessons Learned

AUGUST 26, 2020

How have you managed your own psychology and how have you managed to kind of maintain the equanimity that's needed to lead a company during these times? And that disappointment, I think that is the biggest lift for me right now is to manage my own disappointment. And then I, of course, need revenue for this."

Fresno 60

Fresno Community Technology California 60

www.readwriteweb.com

OCTOBER 7, 2007

I’ll discuss what skills you’ll need, how to write your requirements, how to source developers and designers, how much to budget, how to agree a development contract, how to manage your vendors, how to plan your release, all the documentation youll need, and much more. What is bootstrapping?

Bootstrapping 41

Bootstrapping Offshore Startup EC2 41

maplebutter.com

JANUARY 8, 2013

I would focus on one product and set a goal to generate $1M in yearly revenue from it. Near shoring development with your team (ex: your team is based in Canada / India) is cool, but not outsourcing. Outsourcing is something a big company, with a known customer / problem (that has revenue & traction) does to save cost.

Technical Review 44

Technical Review Startup Cofounder Software Review 44

www.paulgraham.com

OCTOBER 23, 2010

You make elaborate plans for a product, hire a team of engineers to develop it (people who do this tend to use the term "engineer" for hackers), and then find after a year that youve spent two milliondollars to develop something no one wants. A rich companyis one with large revenues. This money isnt revenue.

Startup 105

Startup Cofounder Software Stock 105

sivers.org

JUNE 25, 2010

Scoping the prpject down to something manageable is really hard. I am starting a big web project, and have been thinking about how to break it down into manageable chunks. Weve built Sandcastle specifically for an entrepreneur with an idea, who is not a developer. Sandcastle is a software development service for entrepreneurs.

CTO Hire 84

CTO Hire Hiring Software Review Technical Review 84

ConversionXL

AUGUST 12, 2016

A flowing sales funnel is crucial in any business, but even more so with SaaS businesses… Unlike other business models, revenue is generated over an extended period of time. Monthly Recurring Revenue (MRR). Monthly Recurring Revenue, or MRR, is a measure of the predictable and recurring revenue of your subscription business.

Software Review 48

Software Review Metrics Revenue Acquisition 48