Startup Professionals Musings

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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 258
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5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

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. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 310
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6 Myths On Starting A New Business That Can Kill You

Startup Professionals Musings

You have to pay big salaries to get top-notch help. In my experience, the people who will best drive your business are ones who share your long-term vision, and are willing to work for a share of the business or delayed compensation, rather than a high salary in the short term.

Bandwidth 246
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8 Tactics To Make Service Your Competitive Advantage

Startup Professionals Musings

Companies with great service routinely spend 3% to 5% of salaries training team members – experienced as well as new. The process must be employee friendly, as well as customer friendly, and have feedback mechanisms to correct poor results. If service employees are not happy, the process isn’t working yet. Train and coach continuously.

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5 Equity Distribution Parameters For Key Contributors

Startup Professionals Musings

Giving a cofounder a salary won’t get you the “fire in the belly” you want. You need to find the skills or experience you don’t have in business, technology, or money. So, the first question I usually get is what percent of the company or equity is that person worth?

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6 Realistic Tactics For Funding Charitable Businesses

Startup Professionals Musings

This could work to get you legal or accounting services, but won’t get you cash to pay employee salaries. An example would be getting free office space by agreeing to be the property manager for the owner.

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5 Keys To Negotiating Your Fair Share Of Any Startup

Startup Professionals Musings

Giving a co-founder a salary won’t get you the “fire in the belly” you want. You need to find the skills or experience you don’t have in business, technology, or money. So the first question I usually get is what percent of the company or equity is that person worth?

Cofounder 435