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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Now, with powerful high-level tools and open source software, winning smartphone apps can be built by a good hacker for a few thousand dollars. Salary costs go up rapidly, as people require training, bonuses, expense reimbursals, and an office with a requisite support team and supplies.

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How to Compete Against Open Source Competition

Software By Rob

At some point in the past year I watched a video of an Eric Sink presentation and he asked the following question (he said it was asked of him by a college student): Why would someone buy your product when it has an open source competitor? At a salaried job making $80k plus benefits your time is worth around $55/hour.

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Flexible VC, a New Model for Companies Targeting Profitability

David Teten

Flexible VCs have created structures based on other company performance metrics than revenues, such as profits or founder salaries. Similarly, when Flexible VC structures are based off of the founder’s own compensation (often via salary or dividends), investors are specifically tying their returns to the financial success of the founder.

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Startups Want Chatbots but 80% Lack Knowledge About Conversational AI

ReadWriteStart

DeepPavlov.ai, is the team behind the open-source Conversational AI stack designed to enable faster and easier chatbots and AI-assistants’ development. Gartner says that small businesses can save money on salaries and training by replacing people with chatbots. Expectations vs. Reality .

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30 Money Saving Tips For Your Business

Up and Running

Use Open Source and Cloud Computing. Sourceforge.net has an index of open source options. For most things you need to do, you can find an open source and/or cloud version of it. For more information on greening your spaces, check out Energy Star, a program run by the U.S. Environmental Protection Agency.

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Startup Killer: the Cost of Customer Acquisition | For Entrepreneurs

www.forentrepreneurs.com

To compute the cost to acquire a customer, CAC, you would take your entire cost of sales and marketing over a given period, including salaries and other headcount related expenses, and divide it by the number of customers that you acquired in that period. (In This number is heavily dependant on the productivity of your sales teams.

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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Create a sales plan. Are you an expert in short sales? It includes key players, industry trends, and estimates of industry sales. Sales and marketing plan. These numbers include being able to track your sales and profits – but a smart business will need to account for much more than sales alone.