YoungUpstarts

AUGUST 29, 2018

Without enough capital, entrepreneurs don’t have the means to invest in the development and growth of their brand. Though you may not have much to work with now, if your startup is to succeed, you must work consistently at finding and executing plans to increase your revenue. Review the Costs of Products or Services.

Revenue 100

Revenue Startup Audience Social Media 100

Startup Professionals Musings

APRIL 4, 2022

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity. Join a startup incubator.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

Startup Professionals Musings

JULY 14, 2014

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity. Join a startup incubator.

Entrepreneur 283

Entrepreneur Intellectual Property Technical Review Incubator 283

Both Sides of the Table

APRIL 26, 2016

The key to being able to run a business that isn’t yet profitable (on operating margin) is availability of capital to finance losses and preferably at a cost that isn’t too punitive to the founders and employees. So I spend an inordinate amount of time with entrepreneurs focused on payback. Customer acquisition cost.

Metrics 150

Metrics Cost Acquisition Startup 150

The Startup Magazine

MARCH 7, 2024

From identifying your audience to understanding the market and mapping out your finances, entrepreneurs have found they have a lot to do before building a successful venture. But luckily, gone are the days when entrepreneurs have to spend countless hours on these beginning steps.

Artificial Inteligence 114

Artificial Inteligence Entrepreneur Algorithm Cofounder 114

Startup Professionals Musings

DECEMBER 6, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity. Solicit funds from friends and family.

Finance 320

Finance Intellectual Property Technical Review Incubator 320

Startup Professionals Musings

JULY 1, 2020

Every entrepreneur I know finds it a challenge to balance the joys of entrepreneurship against a set of frustrations they never anticipated. The norm for entrepreneurs is to be optimistic on revenue projections, and miserly on funding needs. Cheaper in the beginning can be more costly in the long run.

Due Diligence 306

Due Diligence Entrepreneur Startup Acquisition 306

Startup Professionals Musings

MAY 14, 2023

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Things will cost more than you expect.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Startup Professionals Musings

NOVEMBER 2, 2022

Entrepreneurs see “no risk” as meaning “no reward.” There are no guarantees in business, but it pays to learn from the experiences of entrepreneurs and business experts who have gone before you. Even non-profits need revenue to cover their costs, and continue to provide services. In reality, all risks are not the same.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Hearpreneur

OCTOBER 25, 2023

We asked entrepreneurs, and business owners their tips on building an e-commerce business and here are the responses. #1- The expansion of e-commerce should also bring about seeing returns as a strategic lever, similar to how companies used faster delivery to drive customer experience and revenue.

eCommerce 129

eCommerce Omaha Entrepreneur SEO 129

Hearpreneur

JANUARY 1, 2023

During such times a firm should take measures that have historically been thought to safeguard it, such as cutting costs, lowering goals, and keeping an eye on cash flow to weather the impending storm. We asked entrepreneurs to share how they will prepare for the bad economy and here is what they have to say. #1- 1- Make a budget.

Entrepreneur 92

Entrepreneur Software Review Technical Review Revenue 92

Startup Professionals Musings

OCTOBER 5, 2014

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cashflow personally every day. Things will cost more than you expect.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

Hearpreneur

JANUARY 2, 2022

In the last few days of 2021, we took some time to ask a few entrepreneurs and businesses what their biggest business accomplishments were. #1- I'm proud of the fact that we've managed to bring down costs and managed to solve many of the problems we initially had. So, I've never conveyed mixed cost signals like that to our staff.

Entrepreneur 124

Entrepreneur Jordan Employee Hawaii 124

Hearpreneur

OCTOBER 27, 2023

Being an entrepreneur or business owner has its share of ups and downs. While the downs can be pretty low the ups always seem to triumph for a true entrepreneur at heart. Milestones are what entrepreneurs and business owners work towards. Once you finally reach a certain point then reflection can truly begin.

Entrepreneur 104

Entrepreneur Jordan Software Review Technical Review 104

Startup Professionals Musings

NOVEMBER 28, 2020

The rate of new entrepreneurs increased between 2013 and 2019, from 280 out of 100,000 to 310 out of 100,000 of the adult population. Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

Startup Professionals Musings

OCTOBER 26, 2022

Entrepreneurs that are not listening, not engaging, and not changing are destined to be left behind even in the best of times. Business agility is defined as the ability to adapt rapidly and cost efficiently. Every entrepreneur must be alert enough to spot the change early, and agile enough to adapt quickly.

Agile 379

Agile Technical Review Leadership Social Media 379

David Teten

AUGUST 19, 2019

So you’re interested in raising capital from a Revenue-Based Investor VC. A new wave of Revenue-Based Investors (“RBI”) are emerging. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Rational burn profile, up to 50% of revenue at close, scaling down. Bigfoot Capital.

Revenue 60

Revenue Technical Review Software Review Equity 60

The Startup Magazine

MARCH 28, 2021

In this guide, we will discuss the different ways you can set up an LLC and the costs involved. The only costs that you will need to pay will be the state filing fee. Sometimes a business owner or an entrepreneur might want to set up an LLC using the DIY approach, but might not have the luxury of time. LLC Formation Costs.

LLC 110

LLC Cost Limited Liability Company United States 110

Startup Professionals Musings

MARCH 6, 2021

I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 379

Technical Review Finance Startup Salary 379

Hearpreneur

DECEMBER 29, 2021

Often entrepreneurs and business owners create their New Year’s Resolutions around their business. It could be more revenue, hiring clients, or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. Social media is the most cost-effective way of developing your brand, so use it!

Entrepreneur 137

Entrepreneur Social Media Employee Los Angeles 137

Hearpreneur

MARCH 4, 2022

Being in love with your business, when you’re an entrepreneur, is even better. Although there are days when tossing in your hat seems like a viable option, remembering how much you love your “job” can quickly snap an entrepreneur out of that mentality. When you're an entrepreneur, you have to make a lot of compromises.

Entrepreneur 126

Entrepreneur Technical Review Restful Colorado 126

Hearpreneur

DECEMBER 30, 2020

We asked some entrepreneurs and business owners, why they started their businesses: #1- From personal experience. Launching a recipe website can cost as little as $150 if you can utilize your phone as a camera to start. We filled that gap to alleviate clients from finding additional partners or taking on additional costs.

Technical Review 144

Technical Review Entrepreneur Software Review SEO 144

VC Cafe

MARCH 1, 2024

That’s why lists like Ycombinator’s Requests for Startups (RFS) help entrepreneurs thinking about starting a company (or picking a problem) and can be a good barometer for founders on what’s interesting to investors right now. Generalizable robotics represent a $24 trillion-plus global revenue opportunity.

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

Startup Professionals Musings

MAY 13, 2023

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? Ask domain experts to quantify value for you. Martin Zwilling

Technical Review 267

Technical Review Due Diligence Intellectual Property Internet 267

ReadWriteStart

JUNE 1, 2020

I have often been asked about Startup Funding by entrepreneurs. Here is Startup Funding, a Comprehensive Guide for Entrepreneurs. The primary source of your funds should be your paying customers, i.e., your business should generate enough revenues and profits to fund the growth and expansion. Pre-Requisites of Funding.

Entrepreneur 150

Entrepreneur Startup Elevator Pitch Seed Stage 150

Hearpreneur

AUGUST 11, 2021

Some entrepreneurs will say the future is definitely bright but to others, some of these changes are meant to work against their expansion and business operations. We asked entrepreneurs their thoughts on the future of entrepreneurship and here’s what they had to say; #1- It's like freelancing. Photo Credit: Richard Burner.

Entrepreneur 126

Entrepreneur Technical Review Social Media Bootstrapping 126

Startup Professionals Musings

JULY 13, 2012

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create. Here are three elements of most viral marketing campaigns: Hire brand evangelists.

Viral 238

Viral Cost Marketing SEM 238

Startup Professionals Musings

JANUARY 18, 2014

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. For example, when you think about distribution channels, revenue streams, or the relationship with the customer, ask customers what they expect.

Entrepreneur 283

Entrepreneur Startup Angel Investor Technical Review 283

Hearpreneur

FEBRUARY 26, 2023

We asked entrepreneurs to discuss how quiet quitting affects entrepreneurship and here are the responses: #1- Offers opportunities for innovation Photo Credit: Brooke Waupsh It’s interesting because on one end “Quiet Quitting” and “Employee Disengagement” cost US companies a trillion dollars a year. Thanks to Brooke Waupsh, Swoovy !

Entrepreneur 129

Entrepreneur Georgia Employee Reputation 129

Mike Michalowicz

APRIL 15, 2013

You fix your bottom line by increasing revenue or cutting costs or both. Yet, most entrepreneurs put all their efforts on the sell side only. You can’t guarantee that you will increase revenue by next month, but you can guarantee that your rent will be due. Costs pile up predictably. Control Cost Creep.

Cost 151

Cost Bankruptcy Revenue Software Review 151

Startup Professionals Musings

NOVEMBER 28, 2013

I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 251

Technical Review Entrepreneur Salary Finance 251

Startup Professionals Musings

AUGUST 13, 2023

Every entrepreneur and business executive knows that continuous innovation is required to survive, but most struggle with this more than any other challenge they face. This is a trap of the past to be avoided at all costs. Experiments on today’s revenue engine necessarily focus on short-term financial goals.

Framework 240

Framework Engineer Leadership Revenue 240

Hearpreneur

DECEMBER 14, 2022

Often entrepreneurs and business owners create their New Year’s Resolutions around their businesses. It could be more revenue, hiring clients, or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. It’s a new year and right after the ball drops, it’s time to go to work.

Entrepreneur 107

Entrepreneur Retention SEO Employee 107

Startup Professionals Musings

OCTOBER 30, 2020

Every aspiring entrepreneur I know is talking about the fact that there are over 2,000 billionaires in the world today, and how their innovative idea could make them one of the next ones. Becoming an entrepreneur is actually a commitment to a new lifestyle, certainly very exciting, but also facing many unknowns and risks.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

SEPTEMBER 24, 2014

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. If you haven’t yet finalized the business model, cost projections, and customer segments, you aren’t ready for investors.

Technical Review 299

Technical Review Entrepreneur Business Plan Angel Investor 299

ReadWriteStart

DECEMBER 15, 2022

But I recommend entrepreneurs and prospective business builders consider the Agency Builder model. So an entrepreneur forming a startup studio benefits from having experience in the industry sector they hope to serve. Client work serves as an additional source of revenue to form new startups.

Incubator 188

Incubator Startup Software Developers Software Development 188