Remove Cofounder Remove CPA Remove Entrepreneur Remove Product Development
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Lessons Learned: The three drivers of growth for your business.

Startup Lessons Learned

The spread between your LTV and blended CPA determines either your profitability or your rate of growth, and a high valuation depends on balancing these two factors. To the extent that you have good word-of-mouth, activation or retention, these factors tend to drive down your CPA or drive up your LTV, and so are nice bonuses.

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Beware The Consultant

infochachkie.com

Hands-on startup advice for emerging entrepreneurs. One of the best things about being an entrepreneur is that there are no rules. One of the worst things about being an entrepreneur is that there are no rules. The lack of rules and structure causes many entrepreneurs to work incessantly. John is a CPA and holds an M.B.A.

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It's a startup, not a spreadsheet

Startup Lessons Learned

When the project winds up getting cancelled for failing to meet its ROI justification, it’s natural for the entrepreneur to feel like it was the CFO – and their innovation-sucking spreadsheet – that is the real cause. Just because entrepreneurs tend to forget about these models doesn’t mean their investors do.

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Business ecology and the four customer currencies

Startup Lessons Learned

A business that strives for something like this should absolutely be charging money from day one, in order to establish baselines for their two key metrics: CPA (the cost to acquire a new customer) and LTV (the lifetime value of each acquired customer). Minimum viable product is a tactic for mitigating risk.

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