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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. Unfortunately, even today, building a good product doesn’t guarantee you a business. Unfortunately, even today, building a good product doesn’t guarantee you a business.

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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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HOW TO: Build an App for Your Small Business

mashable.com

This post originally appeared on the American Express OPEN Forum , where Mashable regularly contributes articles about leveraging social media and technology in small business. So, you’re a small or medium-sized business, and you want to build a Facebook, mobile or web app. Image credits: Flickr, goincase.

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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. We surveyed startups about the expected results of Conversational AI usage in their businesses in June 2022. Expectations vs. Reality .

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30 Money Saving Tips For Your Business

Up and Running

Saving money as a small business can be tricky- if you’re a startup especially, money might be tight already. 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.

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

crowdSPRING Blog

Any information that helps support your business idea goes here, including market studies, legal agreements, photos of your products, and more. For more information about how to create a business plan, the Small Business Administration has you covered. Click here to see their complete guide to writing a business plan.

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The Cost Equation for a Startup is Better Than Ever

Startup Professionals Musings

Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more.

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