Gust

JUNE 3, 2012

I’ll try to offer some guidelines to address these issues, but I generally recommend you keep the day job until your new company is producing real revenue. There is nothing wrong with a dependable salary, medical benefits, and a contributing 401(k) retirement savings account.

Entrepreneur 152

Entrepreneur Cofounder Angel Investor Salary 152

Gust

FEBRUARY 2, 2014

It will get you a higher starting salary, and a valuable edge in your credentials at every promotion opportunity. The company now has more than 160,000 employees and revenues of $44 billion. For business professionals who aspire to an executive position in a large company, most people agree that an MBA is always positive.

Entrepreneur 175

Entrepreneur Salary .Net Revenue 175

Gust

OCTOBER 26, 2014

Most startup founders already do this, rather than take a salary, to improve their offering. In most cases there is a direct correlation between the quality of your decisions and the size of your revenue stream. Don’t justify over-spending initially with “long-run” thinking. Reinvest gross profit.

Bootstrapping 176

Bootstrapping Startup Merger Salary 176

Gust

JULY 6, 2014

In fact, most startup founders pay themselves no salary for the first year or two, and investor money is hard to find. I tell new entrepreneurs not to quit their “day job” until they have real revenue. More money in the short term is unlikely as an entrepreneur. Going “from” rather than “to”.

Startup 183

Startup Salary Employee Entrepreneur 183

Gust

NOVEMBER 18, 2012

The founders now need a $1M Angel investment to do the marketing for a national NewCo rollout, build a team to manage the rollout, and maybe even pay themselves a salary. Particularly valuable are recurring revenues, like subscription amounts, that don’t have to be resold every period. This one doesn’t help NewCo just yet.

Valuation 187

Valuation Pre-Money Valuation NPV Intellectual Property 187

Gust

JUNE 10, 2012

Founders now routinely use their home to operate their startup until they are well into the revenue phase. As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more. Facilities and staff.

Cost 139

Cost Burn Rate SEM Startup 139

Gust

DECEMBER 31, 2012

Startups can rarely afford or even attract the young superstar C-level executives they covet – these people want big salaries, big staffs, and big budgets – who are also known to push founders out of the way. Customer service.

Advisory Board 177

Advisory Board Angel Investor Startup Equity 177