David Teten

DECEMBER 16, 2015

I review a lot of board decks with a beautifully hand-crafted page with metrics for the company. Good metrics are comparable across industries; comparative ; readily understandable; and help drive decisions. Comparative means that you can compare a metric across time periods, groups of users, or competitors. Sales Pipeline.

Metrics 60

Metrics Analytics Balance Sheet .Net 60

Startup Professionals Musings

SEPTEMBER 14, 2016

Cash flow is a basic survival metric for every startup. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Getting a sales contract before manufacturing inventory.

Burn Rate 120

Burn Rate Hockey Stick Startup Salary 120

Duct Tape Marketing

NOVEMBER 21, 2022

But with an average annual salary of over $330,000 many small to mid-sized businesses can’t easily afford a CMO. Establishing Marketing Metrics and KPIs A fractional CMO is responsible for establishing clear marketing goals, metrics, milestones, and key performance indicators (KPIs).

Fractional CTO 63

Fractional CTO Small Business Metrics Revenue 63

Startup Professionals Musings

NOVEMBER 14, 2012

What I’m talking about here is a level of discipline and skill necessary to collect and analyze the relevant business data, known as metrics. Here is my selection of ten key metrics that every six-sigma joint like GE tracks without thinking, but too many small businesses only monitor haphazardly, if at all: Sales revenue.

Metrics 266

Metrics Retention Acquisition Salary 266

Hearpreneur

JANUARY 19, 2022

After having to reduce and rethink our strategy during COVID, we observed that our community and sales have skyrocketed. When the pandemic struck, it diminished the purchasing power of our original customer base, resulting in a drop in our monthly sales. 11- Paying attention to metrics. Photo Credit: Gavin Johnson.

Entrepreneur 119

Entrepreneur Metrics Technical Review North America 119

YoungUpstarts

DECEMBER 7, 2017

My company, EcoFlow Tech, raised more than one million in sales and achieved our goals of getting customer feedback and generating buzz. However, having a high top-line sales numbers doesn’t necessarily mean you will hit your goals, or even that your campaign was a success. Know what you need in the end.

Campaign 145

Campaign San Francisco Technical Review Flash 145

Seeing Both Sides

JULY 11, 2013

I''ve been thinking a lot lately about scaling sales. . Before this occurs, the sales process is a craft or an art - custom-made by the founder or evangelist sales VP. How do I build a repeatable, scalable sales process that is like an industrial machine - not a crafts project? 1) Enterprise Sales.

Sales 50

Sales Technical Review Software Review B2B 50

David Teten

JANUARY 19, 2021

This structure allows for alignment on the front end, and real-time flexibility for performance metrics,” says Samira Salman , a family office investor and advisor. . Flexible VCs have created structures based on other company performance metrics than revenues, such as profits or founder salaries. Flexible VC 102: Variations.

Cofounder 78

Cofounder Technical Review Equity Dividend 78

Startup Professionals Musings

NOVEMBER 28, 2013

Money flowing in has to exceed all costs, including inventory, credit, and your salary, before there is a real profit. A required metric is average days to payment compared to expectations. In business, when you lose money on every sale, it’s hard to make it up in volume and be profitable. Marty Zwilling.

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

YoungUpstarts

JULY 16, 2019

Building a software product, the massive part of your budget is the developers’ salary. Set up marketing and sales campaign. Keep in mind that some of the development tools like WordPress themes and Magento framework aren’t free. What about other factors that have an impact on your budget?

eCommerce 113

eCommerce Software Developers Software Development Hosting 113

Cracking the Code

JANUARY 22, 2009

Building Your SaaS Sales Compensation Plan. Compensating the sales force is a difficult task and the key is usually to keep things simple, so that each sales rep knows what he needs to optimize to make more money at the end of the quarter. which is very close to the typical 8% paid for sales commissions.

Software Review 91

Software Review Clawback Sales Salary 91

David Teten

NOVEMBER 26, 2019

Instead of budget approvals, monitor key metrics and give managers more flexibility. The next most important set of metrics are sales by category; working capital (cash and other current assets, less current liabilities); EBITA; and gross margin. Traditional budgets can be destructive and a huge waste of time.

Agile 60

Agile Management Forecast Silicon Valley 60

ConversionXL

OCTOBER 16, 2022

Measuring customer acquisition for peak effectiveness How to calculate ecommerce customer acquisition cost Calculate much your customers are worth: LTV MRR, churn rates, and other factors that affect your LTV/CAC ratios Find and fix customer acquisition funnel leaks 5 customer acquisition strategies to increase sales and loyalty (with examples) 1.

Acquisition 129

Acquisition eCommerce Customer Churn Rate 129

Both Sides of the Table

MAY 2, 2015

It freed up Ophir to grow out our sales organization, to work more closely with agencies, to innovate on product and to raise capital. The last thing you want the CEO (or heads of sales, marketing, product) doing is sinking 3 days every month into preparing board packs. The full financial details and metrics were in the deck.

Operations 150

Operations Metrics Early Stage Non-Compete 150

ReadWriteStart

JUNE 14, 2012

Learning the intricacies of how an industry works, building relevant relationships and understanding the right metrics can happen only over time. A founding team with a technical lead, a sales lead, a product lead and a marketing lead, for example, will likely be more effective than a team with only two of those four key functional roles.

Technical Review 159

Technical Review CTO Hire Software Review Startup 159

Both Sides of the Table

DECEMBER 27, 2011

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.

Startup 418

Startup Revenue Technical Review Flash 418

Duct Tape Marketing

JUNE 7, 2023

Tiffani emphasizes the need for a balanced approach to company strategy that involves all stakeholders, including IT, Marketing, Sales, Operations, and HR. After their salary is having the necessary tools to do their job, right? [15:11] But does marketing enablement sales enablement also get leveraged in the call center?

Employee 75

Employee Technical Review Advisory Board Sales 75

Both Sides of the Table

NOVEMBER 14, 2017

Whereas New York City has very high real estate costs and very high salaries, launching in Chicago and D.C. It wasn’t just front-end processes like sales tools, marketing funnels, dynamic pricing, driver routes and so forth but we also had to build comprehensive systems to manage numerous warehouses across four different cities.

Operations 286

Operations New York City Technical Review Startup 286

Occam's Razor

JULY 24, 2018

work (collection, processing, reporting, analysis), processes, org structure, governance models, last-mile gaps , metrics ladders of awesomeness , and… so… much… more. Remember, tools, work, processes, org structure, governance models, last-mile gaps, metrics ladders of awesomeness, and… so… much… more. The Implications of Complexity.

Analytics 93

Analytics Framework Metrics Algorithm 93

Steve Blank

MARCH 17, 2020

And how much are variable expenses (salaries, consultants, commission, travel, AWS/Azure charges, supplies, etc.?). All your assumptions about customers, sales cycle and most importantly, revenue, burn rate and runway are no longer true. If you are selling to businesses (a B-to-B market) have your customers’ sales dropped?

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

This is going to be BIG.

AUGUST 25, 2011

First off, I couldn't actually afford to go anywhere on a startup salary. Use CrunchConnect to record the sales calls and business development of your whole team, so that you can highlight best practices and spot trouble areas. Most startups don't do nearly enough sales training, and even less review once someone is onboarded.

Technical Review 114

Technical Review Software Review PR Cofounder 114

Up and Running

AUGUST 21, 2014

In this webinar, we take time to discuss the different metrics that startups—and established businesses—should be tracking. In terms of pre-purchase, traffic and content metrics. So I’m going to keep going here, “Pre-purchase, the traffic and content metrics.” There’s tools to do all of that.

Metrics 84

Metrics Startup Churn Rate Forecast 84

www.forentrepreneurs.com

FEBRUARY 2, 2010

Business model viability, in the majority of startups, will come down to balancing two variables: Cost to Acquire Customers (CAC) The ability to monetize those customers, or LTV (which stands for Lifetime Value of a Customer) Successful web businesses have long understood these metrics as they have such an easy way to measure them.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

YoungUpstarts

JANUARY 21, 2016

We’re used to thinking in terms of financial performance; it feels normal to have your income tied to sales or to overall profitability. Mercedes-Benz USA team members developed Best Practice Guides to improve dealer performance on the sales and service Customer Experience Indexes (CEIs) (and ultimately on the J.D.

Employee 100

Employee Customer Leadership Metrics 100

Up and Running

JULY 31, 2014

What is it about your business that made you think you’re going to make it this much in sales and yet somehow you didn’t achieve that. This means you need to set goals in sales and expenses. We really encourage you to think about your sales lines in terms of those big major categories. So think about sales goals.

Software Review 74

Software Review Sales Acquisition Small Business 74

ConversionXL

MAY 27, 2022

Very few, if any, of these interactions are with a sales rep. Because if people are making up their own minds, without coercion from sales, creating demand is the best way to get them to choose you. Because if people are making up their own minds, without coercion from sales, creating demand is the best way to get them to choose you.

Demand 95

Demand Management B2B Campaign 95

YoungUpstarts

JANUARY 7, 2014

If your most experienced salesperson has great sales numbers but bullies the shipping department every time he/she needs an order rushed, or if you have an employee who clients love but who often misses internal targets, those transgressions must have consequences despite these employees’ successes in other areas.

Leadership 145

Leadership Employee Metrics Hiring 145

YoungUpstarts

SEPTEMBER 7, 2014

Being able to charge more for a product is great, but along with higher prices come longer sales and payment cycles. Because of these nuances, startups selling to enterprise customers must be even more diligent in tracking the right growth metrics. Here are a few metrics your startup should be watching: 1. Revenue Growth.

Metrics 219

Metrics Churn Rate Startup Acquisition 219

Both Sides of the Table

MAY 14, 2018

Detailed roadmap of features you plan to build Detailed customer information Salary information Any other information you wouldn’t want seen or know by your competitors or a larger audience In short, there is nothing in your deck that should give you pause or make you feel like you can’t just send the damn file to somebody.

IP 239

IP Differentiation Salary Sales 239

A Smart Bear: Startups and Marketing for Geeks

JULY 23, 2013

of revenue, force-feeding sales pipelines with an unprofitable product. I know the argument: The pay-back period on sales, marketing, and up-start costs is long, but there’s a profitable result at the end of the tunnel. Marketing, sales, legal, account management, on-boarding, technical guidance, training.

Business Model 335

Business Model .Net Revenue IPO 335

Up and Running

MAY 20, 2014

In an industry that lauds performance metrics to constantly track progress, there’s something fluffy about a professional degree that is not a prerequisite for anything. That calculation needs to take into account personal financials, opportunity cost, and expected future salary.

Entrepreneur 88

Entrepreneur Advisory Board Silicon Valley New York 88

YoungUpstarts

JUNE 15, 2015

Pay attention to your metrics, because a company will build what the CEO measures. For example, if someone asks you for a salary raise, think how the other team members will feel if you give that raise and other team members miss out. Lecture 19: Part One: Sales and Marketing. Sam Altman, President, Y Combinator.

Cofounder 100

Cofounder Delaware Startup Technical Review 100

ConversionXL

DECEMBER 21, 2015

You know, like Moz, Buffer, Groove, that release key metrics and speak in a candid tone. Is sharing everything (metrics, opinions, etc) an effective strategy for growth? At Buffer, not only do they release their employees’ salaries , but they openly display all of their revenue numbers and other financial information as well.

Marketing 48

Marketing Metrics Virginia Salary 48

The Startup Magazine

JULY 9, 2020

Are you a startup struggling to optimize your sales and revenues because of the Coronavirus pandemic? Do you know how you can sustain your business, improve sales, and pay-off salaries even during the pandemic? They not only earned credibility and trust during the pandemic but also increased sales volumes.

Social Media 90

Social Media PPC Marketing SEO 90

Board Effect

OCTOBER 5, 2020

Nonprofit boards need to find ways to offer competitive executive salaries because effective leadership is necessary to reach their goals and serve their communities. In general, nonprofit executive committees should focus more on social outcomes related to the mission over financial metrics. Sales from goods. Private donations.

New York City 64

New York City Salary Government Warrant 64

Occam's Razor

JANUARY 2, 2013

On top of the graph click on Select A Metric and choose Goal Conversion Rate. It has unique built in drill-downs, customized metrics that give you the ability to deeply analyze mobile data by devices, search behavior and content content consumption (click on each tab). Put them on sale! Then from Pivot By choose Source.

Analytics 159

Analytics Search Campaign eCommerce 159

ConversionXL

JUNE 8, 2017

Quantitative research with digital analytics tools like Google Analytics , Mixpanel, Amplitude or RJ Metrics will inform you about where your users are coming from, what they are doing during their sessions and where they are dropping off from your conversion funnel or when they churn. Image Source. New visitor vs returning visitor.

Programming 97

Programming Revenue Analytics Software Review 97