Startup Professionals Musings

SEPTEMBER 11, 2016

Some analysis and due diligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. New smartphone apps cost only a few thousand, if you have the programming skills.

Technical Review 120

Technical Review Due Diligence Intellectual Property Internet 120

Startup Professionals Musings

MAY 13, 2023

Some analysis and due diligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. New smartphone apps cost only a few thousand, if you have the programming skills.

Technical Review 267

Technical Review Due Diligence Intellectual Property Internet 267

The Startup Magazine

NOVEMBER 26, 2023

Compliance demonstrates due diligence and adherence to safety standards, mitigating risks and liabilities associated with potential fire hazards. Long-Term Cost Savings While the initial investment in fire protection services may seem substantial, it often leads to long-term cost savings.

Software Review 134

Software Review Technical Review Hiring Due Diligence 134

Startup Professionals Musings

APRIL 17, 2022

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term.

Partner 385

Partner Software Review CTO Hire Cofounder 385

View from Seed

JANUARY 30, 2020

One of the often neglected parts of fundraising is the process of doing due diligence on potential investors. Partnering with an investor and/or board member is very long term commitment, and I’m always surprised by how little diligence founders do prior to signing up for what could be a 10+ year collaboration. When to do what?

Due Diligence 195

Due Diligence Partner Term Sheet Finance 195

YoungUpstarts

SEPTEMBER 30, 2020

A strong third-party risk management strategy will increase transparency, streamline operations, and cut costs. Before you embark on a relationship with a vendor, perform your due diligence by screening the vendor for regulatory compliance, data security, reliability, and other factors that could make them too risky to work with.

Software Review 264

Software Review Technical Review Due Diligence Management 264

The Startup Magazine

FEBRUARY 21, 2024

While these conditions might seem unfavorable, they create a fertile ground for private credit firms that excel in rigorous due diligence and crafting structured deals that mitigate risks effectively. Simultaneously, we conducted a thorough operational review to identify inefficiencies and areas for cost reduction.

Technical Review 138

Technical Review Due Diligence Bankruptcy Intellectual Property 138

Startup Professionals Musings

APRIL 13, 2020

This alternative has been around for several decades, with the generally accepted advantage of reducing costs. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive. Results on commodities, including mature software maintenance, adapt well to low-cost contracting.

Intellectual Property 306

Intellectual Property Non-disclosure Agreement Software Review Technical Review 306

The Startup Magazine

JULY 1, 2022

Additionally, well-researched investments are more likely to be profitable than those made without any due diligence. By conducting due diligence on potential investments, investors can avoid costly mistakes and optimize their portfolio’s risk/return profile.

Technical Review 133

Technical Review Due Diligence Stock Portfolio 133

View from Seed

APRIL 14, 2020

This led to a number of repercussions that most VC’s have lamented during this time, including higher prices, larger rounds, shoddy due diligence, and many companies raising large sums of venture capital that probably aren’t suited to VC funding.

Early Stage 374

Early Stage Software Review Technical Review Due Diligence 374

Startup Professionals Musings

FEBRUARY 24, 2020

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. In addition, you can reduce to soft costs of mentoring, relationship building, and socializing.

Technical Review 308

Technical Review Due Diligence Startup Employee 308

The Startup Magazine

AUGUST 21, 2023

And in certain situations, the low-cost approach makes perfect sense… A template NDA may fit the bill for early discussions with third parties, while a fairly generic employment contract may mean that enough is being done to ensure legal compliance.

Technical Review 115

Technical Review Intellectual Property Due Diligence Early Stage 115

Women Entrepreneurs Can

APRIL 16, 2024

Key Takeaways: Efficiency gains from automated payment processing lead to significant cost and time savings. Augmented Financial Oversight and Cost Reduction The introduction of automated financial systems to an organization promises more than mere convenience; it heralds a transformative shift in the effectiveness of financial oversight.

Artificial Inteligence 52

Artificial Inteligence Technical Review Software Review Due Diligence 52

Startup Professionals Musings

JANUARY 20, 2019

Most of these are easy to avoid if you do your homework up front, but can cost you dearly if you get sucked in. If you feel confused by conflicting time zones, differing currencies, and up-front costs, it’s time to run the other way. Don’t count on ever passing due diligence, or even getting that deposit back.

Technical Review 228

Technical Review Non-disclosure Agreement Due Diligence Term Sheet 228

Startup Professionals Musings

JULY 15, 2019

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term.

Cofounder 221

Cofounder Software Review CTO Hire Founder 221

Both Sides of the Table

OCTOBER 30, 2014

Could we produce this at cost? I seldom hire patent attorneys during due diligence but this was too important. It turns out that while she had the right idea the materials needed some reworking to come in at the cost structure required to build a business at scale. We hired OSHA regulatory lawyers. It was impressive.

Technical Review 418

Technical Review Software Review Due Diligence CTO Hire 418

YoungUpstarts

MAY 18, 2015

The task of vetting a business prior to a potential purchase is referred to as due diligence. Many business owners forego the advice of an expert accountant because they have financial/accounting experience or are cutting costs by taking responsibility into their own hands. Hire a CPA. Efficiency is essential.

Due Diligence 100

Due Diligence CPA Merger Acquisition 100

Startup Professionals Musings

JULY 1, 2020

Just don’t take the “shortcut” of not doing your due diligence on aspiring team members, strategic partners, investors, or vendors. There is no way to predict where and how this will occur, but it should help to realize that it does happen, and you should not assume you are the cause.

Due Diligence 306

Due Diligence Entrepreneur Startup Acquisition 306

Startup Professionals Musings

SEPTEMBER 24, 2018

Some analysis and due diligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. New smartphone apps cost only a few thousand, if you have the programming skills.

Technical Review 208

Technical Review Due Diligence Intellectual Property Internet 208

YoungUpstarts

JUNE 27, 2020

Everything from customer service, technical support, to back office operations are able to be outsourced as a way to reduce costs, keep up with the evolving consumer expectations, and drive a faster return on investment. Here are four major reasons why nearshore is often a solution that provides the best of both worlds: Cost Effectiveness.

Offshore 165

Offshore Costa Rica Dominican Republic Jamaica 165

TechEmpower

AUGUST 21, 2023

Due diligence prep: You’re coming up on a funding round or looking at a potential exit. A technical review can help your development team adopt new processes and strategies to maximize their speed and efficiency. Outgrowing your stack: Your tech stack was just right for your startup. But is that the right strategy for your business?

Technical Review 260

Technical Review Development Team Review Software Review Architecture 260

The Startup Magazine

FEBRUARY 17, 2022

Advertising and Startup Costs. Even though you’ve done your due diligence to prepare your independent contractor taxes for filing, you can’t just send them off when January rolls around. Publications and Subscriptions. Education (Business Related). Business Insurance. Retirement Plan Contributions.

Software Review 147

Software Review Due Diligence Matching Security 147

YoungUpstarts

JULY 10, 2017

A change in revenue recognition means a change in the due diligence process, specifically accounting diligence, modeling, quality of earnings and cost of integration. Additionally, certain contract acquisition costs, such as commissions, may be added to the balance sheet, thus impacting the timing of expense recognition.

Technical Review 124

Technical Review Revenue Software Review Due Diligence 124

Startup Professionals Musings

AUGUST 8, 2014

This alternative has been around for several decades, with the generally accepted advantage of reducing costs. Saving cost wont help you if you cant make the daily innovations required to stay competitive. Results on commodities, including mature software maintenance, adapt well to low-cost contracting.

Intellectual Property 238

Intellectual Property Non-disclosure Agreement Software Review Offshore 238

Startup Professionals Musings

DECEMBER 11, 2022

Founder insistence on non-dilute clauses, arms-length relationships, and quick closure without due diligence will short-circuit active interest. Potential return on investment cannot be calculated without a clear understanding and evidence of actual costs, revenue flows, and margins. Surprises during due diligence.

Due Diligence 271

Due Diligence Intellectual Property Entrepreneur Preferred Stock 271

YoungUpstarts

APRIL 20, 2020

You do not want to engage in something that draws the ire of local law enforcement authorities at all costs. This is a crucial step and requires caution and due diligence. This will give you peace of mind when it comes to cashing out your winnings. Finding out more about these issues can help you protect your investments.

Software Review 165

Software Review Technical Review Due Diligence Security 165

Startup Professionals Musings

SEPTEMBER 27, 2014

Some analysis and due diligence along the following lines should be performed on every idea, as a reality check, before committing your efforts and other people’s money to building a business: Look for places where competitors are few. New smartphone apps cost only a few thousand, if you have the programming skills.

Technical Review 267

Technical Review Due Diligence Entrepreneur Intellectual Property 267

YoungUpstarts

MAY 23, 2018

However, running a successful company involves a lot of due diligence, some core leadership, management and even accounting knowledge, and the ability to delegate, entrust others with your weaknesses, and empower them to help you with critical elements such as tying decision-making to profitability, and not just gut reactions.

Due Diligence 133

Due Diligence Startup Finance Leadership 133

Women Entrepreneurs Can

APRIL 16, 2024

Contemporary leaders are starting to perceive sustainable practices as not a liability but an enhancer of long-term profitability that can drive down costs, open up new market opportunities, and elevate brand trust. This process includes investors, regulators, employees, consumers, and community members.

Technical Review 52

Technical Review Due Diligence Framework Government 52

The Startup Magazine

FEBRUARY 11, 2022

With over three decades of experience in private equity investments, acquisitions and mergers, Mark Hauser has developed a keen ability to recognize trends and do his due diligence. In 2016, Hauser Private Equity completed an investment in Stat Health Management, LLC, an urgent care provider with locations throughout Long Island, NY.

Private Equity 134

Private Equity Equity Technical Review Software Review 134

YoungUpstarts

AUGUST 21, 2017

Along with due diligence for glowing reviews, users should be aware of the security concerns that arise with turning your home into a smart home , giving hackers different avenues to breach. With great mobile connectivity, comes great security responsibilities. Keeping software updated and changing passwords regularly is not enough.

Software Review 124

Software Review Technical Review Due Diligence Mobile 124

The Startup Magazine

JULY 10, 2019

It means that mistakes come at a cost. If you do make a bad hire, you might have the chance to rectify it through the initial probation period, but in general it’s something that can cost your business a lot, particularly if you are a startup. You don’t perform due diligence.

Hiring 101

Hiring Due Diligence Management Salary 101

Startup Professionals Musings

MARCH 12, 2021

The critical tasks , which require professional skills, include packaging the business, actively marketing it, negotiating terms, and due diligence. Not getting a signed non-disclosure before negotiating can cost you dearly in value. Sign with a buyer without proper due diligence.

Due Diligence 410

Due Diligence Intellectual Property Bankruptcy Exit Strategy 410

Rembrandt Communications

FEBRUARY 1, 2023

Most of the inexpensive news distribution services cost less because they use templated press releases. Probably not, so… Do your due diligence when it comes to press releases and publicity. Do your due diligence. Is the low-cost worth it? But… • What exactly is showing up on these sites? • Does anyone care?

Due Diligence 263

Due Diligence Distribution Reputation Public Relations 263

Startup Professionals Musings

APRIL 22, 2014

If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term. Thus you should do the same or more due diligence on educational background, previous work, and references.

Partner 269

Partner Software Review CTO Hire Fractional CTO 269

Startup Professionals Musings

JULY 16, 2017

The challenge is to recognize and recruit that ideal partner match early with minimal cost and risk. If one of your core values is exceeding your customer expectations for quality and service, and your potential partner ascribes to the low cost, high profit mantra, a successful partnership is highly unlikely over the long-term.

Partner 140

Partner Software Review CTO Hire Cofounder 140

Startup Professionals Musings

JANUARY 20, 2016

This alternative has been around for several decades, with the generally accepted advantage of reducing costs. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive. Results on commodities, including mature software maintenance, adapt well to low-cost contracting.

Intellectual Property 120

Intellectual Property Non-disclosure Agreement Software Review Technical Review 120