Startup Professionals Musings

MARCH 14, 2020

Getting investors to trust you with their money is always a challenge, and it’s even more difficult in the early stages, where you don’t have a significant revenue stream, a few customers, or maybe even a product yet. Here is my list of red flags that cause many investors to look elsewhere: No well-defined need or viable customer set.

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Hearpreneur

AUGUST 11, 2021

With their affordability, you can invest in several and gain more return by earning customer trust before a sale occurs. They’ve built more trust with their followers, so customers might be more willing and trusting when they check out your website after the micro-influencer recommends you. Thanks to Ben Reynolds, Sure Dividend ! #3-

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Up and Running

JUNE 12, 2019

Then there’s live chat, which is gaining in popularity for companies looking to outfit their websites with real-time, 24/7 customer support. Adopting a holistic digital marketing approach pays obvious dividends to a company’s bottom line. Custom websites. Hiring the right team for digital marketing.

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Startup Professionals Musings

MARCH 2, 2020

His challenge is to focus on one market, with a specific design, cost, and price. In addition, creating a business requires leading and interacting with other people, including partners, investors, and customers. You must also learn from your customers. Yes, there are a lot of bridges to cross.

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Mike Michalowicz

MAY 22, 2019

If your restaurant is in the wrong place, you won’t attract the amount or type of customers you will need to stay in business. When entering your location, are there obstacles to getting there, such as one-way streets, obstructions, on-going construction, and other things that could alienate potential customers.

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David Teten

JANUARY 21, 2021

This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? IV: Should your new VC fund use Revenue-Based Investing?

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YoungUpstarts

SEPTEMBER 8, 2020

For startups and entrepreneurs, a podcast can be especially attractive due to their low production cost. In order to do this effectively though, you need to make sure your podcast is providing a significant amount of value to the customer — free of charge. Offer a Lot of Value for Free. Invite Interaction.

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The Next Web

SEPTEMBER 15, 2013

The most common example of an API strategy is around companies who aspire to build a developer community as a new revenue source or as the foundation of their business. They should not be trying to generate new revenue streams or reach new audiences through such programs. Twilio is an interesting example of such a company.

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YoungUpstarts

OCTOBER 4, 2017

Accumulating the resources necessary to hire an in-house data and analytics team pays regular dividends as your firm keeps growing. Investing in AI and algorithms that can predict traffic patterns for logistics companies and distributors leads to huge cost savings in both money and time. Workflow System.

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Tim Keane

JANUARY 12, 2010

  Note that this applies only to earl stage Series A-type equity financings and assumes no cash dividends are paid to investors. 3]   However, if they are built bottom up, they demonstrate and make explicit a range of business model assumptions the entrepreneur is using to think about his business and its revenue model.

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Both Sides of the Table

APRIL 25, 2011

A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. No VC is interested in dividends – they want growth.

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Startup Professionals Musings

AUGUST 1, 2016

Getting investors to trust you with their money is always a challenge, and it’s even more difficult in the early stages, where you don’t have a significant revenue stream, a few customers, or maybe even a product yet. The most investable ventures stem from painful needs by customers who have money to spend.

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Startup Professionals Musings

OCTOBER 2, 2015

They may come cheaply but will likely cost you dearly when times get tough. Delivery and cost milestones are missed, which derail marketing and rollout plans, de-motivate the supporting organizations, and drive costs into worst-case scenarios. Written product specifications and business plans pay big dividends.

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Startup Professionals Musings

MAY 2, 2016

Mark Zuckerberg can tell you a horror story about how his early informal breakup with a co-founder ultimately cost him a settlement later worth four billion dollars. For many others, shortcuts have cost them everything. Filing a provisional patent costs very little if you do it yourself, and it holds your place in line for a year.

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Small Business Force

JANUARY 9, 2012

It gave you the opportunity to "live life on the fault line," as your business got launched and haltingly began to generate revenue, and maybe even some positive cash flow. Like your first customer. Like one of your customer's 100th year in business. Or, the CEO of one of your customers getting a big Chamber of Commerce award.

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ConversionXL

AUGUST 12, 2020

Then, you turn up to people’s desks like an unwelcome door-to-door salesperson, trying to convince them of the virtues of customer-centricity. So how do you convince people with little motivation—throughout the entire business—to focus more on your customers? So how can data help you? Challenge opinions. Show the financial impact.

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Both Sides of the Table

JANUARY 26, 2013

It makes it easier to persuade others to join you, it alerts other angels & VCs that you’re a company to be on their radar screen, it helps potential customers know that you may be worth doing business with and it builds you up to announce other milestones down the line. The benefits usually far outweigh the costs.

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ConversionXL

MAY 27, 2022

Then they increased their revenue from $2M to $6M in six months. This value-based model bringing all the right customers to their yard is called demand generation. In this article, you’ll learn how to build a demand generation funnel that fuels the pipeline, shortens the sale cycle, and generates revenue.

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Growthink Blog

DECEMBER 13, 2017

And so very often our lowest hanging business fruit is to just give these affluent customers what they want - VIP purchase and consumption experiences at VIP, higher prices. #3. But in boom times like this, the cost of leisure and of not working hard is particularly and extremely high. Raise Capita l. Work Harder.

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Occam's Razor

DECEMBER 6, 2010

To share with you three custom reports that I find to be super valuable when I am doing web data analysis. I love custom reports. With that motivational speech, :), below are three custom reports that are of incredible value. Fifth , this is very important: What did it cost you to get this traffic to your site?

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Women Entrepreneurs Can

JUNE 11, 2021

The dividend is also an essential of profits for shareholders. Enthusiastic asset use – The ratio of revenue earned for each dollar of each asset the company owns. There are four categories of the stockbroker: Online/Discount Broker -Their work is built on orders given by customers. Their cost could be anywhere between $1000.

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Startup Lessons Learned

FEBRUARY 20, 2009

These changes pay increasing dividends, because each improvement now direclty frees up somebody in QA at the same time as reducing the total time of the certification step. The Entrepreneur’s Guide to Customer Development ► June (3) What is a startup? Small batches also help deliver value earlier in the project.

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www.virtuosimedia.com

MARCH 8, 2012

Custom Programming. If the idea was reliant on ad revenue for profit, it quickly becomes apparent that there will be no incoming money at all. In addition to cost quotes, also ask for time quotes so you can get a feel for how long the project should take to implement. Research the cost of advertising your product.

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Up and Running

JUNE 19, 2012

These companies are primarily focused on services, the backbone of our consumer economy, and have annual revenues below the $5 million mark. Potentially successful service models, with convenience in mind, also tend to focus on these additional factors: Acquiring high-value customers. Offering significant value to customers; and.

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Startup Lessons Learned

MAY 25, 2020

As a veteran of many disasters in which improvising in the moment to meet an immediate need led to innovative solutions, Carl has been impressed by how many businesses, small and large, have reinvented the way they serve their customers during the pandemic. Then they've gotten to work. It's member-owned.

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Hearpreneur

SEPTEMBER 27, 2020

While one may see profits as a success, others may view it as customer satisfaction, employee retention, or innovation. For example, are you measuring revenue growth, or profitability? A company is nothing without its customers; so is a company successful if it generates profit but has a low net promoter score, or review rate?

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VC Cafe

SEPTEMBER 26, 2022

The press took notice, especially since just a few months later startups were laying off employees en-masse to cut costs. Sustainable growth: Prioritise sales efficiency over growth at all costs. Before product-market fit… just care about speed of iteration according to your customer feedback. Need for Speed, indeed.

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Startup Professionals Musings

DECEMBER 30, 2019

Whether you are looking for partners, investors, or future customers, you need to show a level of professionalism and leadership very early that will draw people to your idea. It can pay big dividends as this stage to get help from an experienced business advisor. Two-minute video highlighting you and your idea.

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ConversionXL

AUGUST 2, 2017

1,983% boost in annual revenue, 1,000% user base growth within six months with no upfront costs. increased revenue. Customer success guru Lincoln Murphy talks about the ideal customer profile. What is your unique value proposition to the customers? Who are your best customers? Can this be true?

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ConversionXL

AUGUST 2, 2017

1,983% boost in annual revenue, 1,000% user base growth within six months with no upfront costs. increased revenue. Customer success guru Lincoln Murphy talks about the ideal customer profile. What is your unique value proposition to the customers? Who are your best customers? Can this be true?

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Entrepreneurs-Journey.com by Yaro Starak

DECEMBER 27, 2010

While some tasks can be done by outsourcing, this is one that for me will take heavy duty custom programming to automate. I can safely say in 2010 I got even and then some as the hard work and countless hours with no monetary reward all paid dividends. If time is money as many say, then that’s a lot of money I’m not making.

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Startup Lessons Learned

JULY 2, 2009

When customers are affected, try to have someone who experienced the customer problem first-hand, like the customer service rep who took the calls from angry customers. Remember that the cost of the solutions is proportional to the problem caused. Otherwise, key details are likely to be missed.

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Both Sides of the Table

FEBRUARY 23, 2010

I’ve seen way too many startups spend all their energy getting channel deals done only to find out that they don’t produce ANY revenue. Sort of amortizing the costs of their sales reps over more products. So Should I Avoid Channels at all Costs When I’m a Startup? That’s going to cost you margin.

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Up and Running

MARCH 11, 2015

If you don’t have any existing customers yet talk about perspective customers. That moves into the customer acquisition strategy. This includes again another acronym I’m going to share, CAC, the cost to acquire a customer, the customer acquisition cost. Are you saving them time?

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Technical Review Software Review Due Diligence Exit Strategy 60

www.singlefounder.com

OCTOBER 23, 2010

The goals of a venture capitalist are to maximize the return on investments that pan out and minimize the costs of investments that will not. Go ahead and laugh, but over 95% of Moon River Software’s revenue this year has been from consulting services. Some will fail quickly, others will flail for a while, and a few will succeed.

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Software Review Software Startup Massachusetts 40

Up and Running

APRIL 29, 2014

If you have those goals in mind and you understand where you’re going with your business, you have so much more power to plan for them, both on the tax side as well as on the revenue and expense side for your business and cash flow management. But it’s one of the most highly-audited areas of the Internal Revenue.

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ConversionXL

JULY 6, 2021

If you don’t take the higher cost into account, it can be harder to generate a positive ROI from the first transaction. That means that there’s plenty of business to be won—even if LinkedIn views come at a higher cost.”. Do work: SaaS products with high recurring monthly revenue. for B2B specifically. Do work: High-ticket items.

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