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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000.

Burn Rate 383
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17-Point Program to Have the Best Year of Your Life

Life Beyond Code

Up your caring quotient: Instead of trying to reduce the cost of the sale, increase your level of caring. Become someone that is hard to ignore: If you bring something really relevant AND valuable compared to available alternatives, it will cost them more to ignore you than it costs to engage with you.

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A Conversation With John Bradberry, Author Of 6 Secrets To Startup Success (Part II)

YoungUpstarts

Since 1997, he has led an independent consulting practice focused on helping businesses of all sizes elevate performance and achieve healthy growth. What kinds of profit margins will be generated, after costs? And you simply can’t achieve that unless your business performs well relative to some basic laws of economics.

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Don’t Underestimate the Undergraduates

Steve Blank

Jim has founded six companies, including Preview Travel, one of the first online travel agencies, which went public in 1997 and subsequently merged to create Travelocity.com as an independent company. Jim Hornthal splits his time between venture capital, entrepreneurship and education. And Zignal Labs. Jim co-taught classes with me at U.C.

Lean 291
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Why You Should Use Localisation in a Globalised World

The Startup Magazine

Translation is just one of several elements of the localisation process, which also include providing content that suits the culture, consumption habits and formats of the local market, conversion to local requirements (for example currency or units of measurement) and adhering to local legal requirements.

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Should You Serve Fair Trade Coffee?

Up and Running

Since its inception, there has been controversy over the efficacy, practices, and costs associated with the fair trade label. Because of the certification process that began in 1997, you can rest assured that some of the worst labor and environmental violations—such as unsafe working conditions—will not be happening.

Green 115
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The Brilliance of The Struggle

Feld Thoughts

It’s important to realize that it wasn’t that we were out $75,000, but the hardware had cost us 80% of this and we’d already paid our hardware vendor so we were really out over $125,000. I told her I was worried Feld Technologies wasn’t going to make payroll because Hyperion owed us $75,000. We were a $1.5m-ish

Software 167