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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product. 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.

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The Best Ways to Save Money as a New Startup

ReadWriteStart

Someone with 20 years of experience in the industry may seem like a great fit for growing your organization, but they’re also going to demand a high salary. Just be sure to review the condition of these products carefully to verify that you’re getting a good deal. Rely on Open Source Software.

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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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30 Money Saving Tips For Your Business

Up and Running

Use Open Source and Cloud Computing. Every startup will use some kind of software: book keeping, word processing, presentation. 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. Review your operating expenses.

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The Most Challenging Part of Becoming a Freelance Developer.

Software By Rob

Instead of being able to justify a somewhat fixed salaried workday, you find yourself working longer and longer hours as client demands increase. In addition, freelance development requires a lot more mental energy than being a salaried employee. I increased by rate nearly 30% in 3 months due to the amount of work coming my way.

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Finding a Technical Cofounder

bizthoughts.mikelee.org

Active software engineers probably get two offers a month or more. I was able to hire phenomenal software engineers and grow a strong team culture. Although most aren’t in a place to be startup cofounders for financial reasons, I now have access to a large talent pool once I can offer a salary.

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HOW TO: Build an App for Your Small Business

mashable.com

You also need to be sure you’re offering fair benefits and salary. If you’re not going through a recruiter — and even if you are — you’ll want to set up something akin to a technical interview, wherein you assess the problem-solving and coding abilities of your candidate. PM OK, agree.