Startup Professionals Musings

NOVEMBER 2, 2022

Even non-profits need revenue to cover their costs, and continue to provide services. Use metrics to measure results of marketing initiatives. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Risk is more manageable with subscriptions and even freemium pricing.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

DECEMBER 30, 2022

As a potential investor, I always think of the high rate of failure of disruptive technologies, due to the longer learning curve of customers, infrastructure change consistently required, and higher marketing costs. Define realistic metrics to keep track of progress. You need metrics to incentivize the right team behaviors.

Technical Review 252

Technical Review Silicon Valley Software Review Metrics 252

Startup Professionals Musings

JULY 26, 2023

Most business metrics I see compare current performance to your own previous experience, rather than your performance compared to industry standards and competitors. Amend this culture to highlight and reward new initiatives on a regular basis, with metrics to assess value and progress. The return was far greater than the cost.

Metrics 178

Metrics Technical Review Agile Hiring 178

Duct Tape Marketing

MAY 11, 2022

Why Call Tracking Metrics Matter To Your Marketing Efforts written by John Jantsch read more at Duct Tape Marketing. One of my favorite episodes who should be your first hire, what's your funding plan, Dr. Lisa Cravin shares her top advice from building spotlight oral. Marketing Podcast with Todd and Laure Fisher. This is John Jantsch.

Metrics 85

Metrics Marketing Software Review Cofounder 85

Startup Professionals Musings

FEBRUARY 6, 2021

Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. That means you have to start with assessing the current state against the same metrics, before you can assess progress or change. Make sure metric results are available to the team, to keep them motivated.

Metrics 387

Metrics Technical Review Leadership Framework 387

Mucker Lab

OCTOBER 10, 2023

In navigating the transition from founder-led sales to a structured approach, the pivotal question arises: when to hire a Sales Development Representative (SDR) or an Account Executive (AE) ? If there are inbound leads, the situation is different; hiring an AE might be suitable if these leads align with the ideal customer profile.

Early Stage 78

Early Stage Sales Developer Development Team Review 78

Startup Professionals Musings

MAY 14, 2023

Cash flow is a basic survival metric for every startup. Things will cost more than you expect. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Desperate entrepreneurs lose their leverage and die young. You will make mistakes.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Startup Professionals Musings

JUNE 2, 2021

Simple metrics and your personal knowledge of the industry can’t keep up with all the relevant competitive forces. Select new hires with attention to values. It’s now more intense than ever, with the cost of entry going down, and new players easily able to join the fray from anywhere in the world.

Software Review 355

Software Review Algorithm Global IPO 355

Up and Running

MAY 17, 2016

Taking steering one step further, let’s suggest that good planning, with milestones and metrics, is something like steering with the aid of a GPS. Metrics are like dials on the dashboard, indicators of how you’re doing, tracking your progress toward goals. Metrics give you tracking and accountability.

Metrics 80

Metrics Social Media Business Plan Advertising 80

Startup Professionals Musings

FEBRUARY 8, 2020

Even non-profits need revenue to cover their costs, and continue to provide services. Use metrics to measure results of marketing initiatives. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Risk is more manageable with subscriptions and even freemium pricing.

Management 322

Management Entrepreneur Forecast Stock Options 322

The Startup Magazine

MARCH 4, 2023

Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. It’s an important metric for employers & managers because high turnover is often expensive and disruptive for the organization. company spends approximately $4,000 and 52 days to hire a new employee.

Employee 168

Employee Management Software Review Technical Review 168

The Startup Magazine

APRIL 25, 2023

Here are a few ways to align workforce planning with financial objectives: Conduct regular analyses of the costs: these costs are associated with hiring, training, and retaining employees. For example, HR can work with Finance to evaluate the cost-effectiveness of different hiring strategies.

Finance 136

Finance Retention Forecast Employee 136

Startup Professionals Musings

AUGUST 19, 2020

Cash flow is a basic survival metric for every startup. Things will cost more than you expect. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Desperate entrepreneurs lose their leverage and die young. You will make mistakes.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Both Sides of the Table

NOVEMBER 14, 2017

As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. How long does it take me to pay back my original customer acquisition costs? As an early-stage VC I love this phase.

Operations 286

Operations New York City Technical Review Startup 286

Startup Professionals Musings

DECEMBER 27, 2019

For example, when delivery costs and delays were still a major online sales hurdle, Amazon Prime membership was invented to offer free next day shipping. They help hiring managers raise the bar for every interview. Incorporate AI-powered data and metrics systems. The cost of being late is hard to recover.

Global 308

Global Marketing Technical Review Algorithm 308

The Startup Magazine

SEPTEMBER 11, 2023

Rather than dedicating time and resources to an extensive hiring process or training, tapping into this pool of external specialists accelerates progress. Distinguishing Task Priorities At the heart of cost-effective outsourcing for startups lies the ability to discern between essential and non-essential tasks.

Cost 147

Cost Startup Non-Compete Dilution 147

The Startup Magazine

SEPTEMBER 2, 2021

As far as the company goes, an LMS is a great way to cut down on training costs and the time it takes to process and complete the onboarding process for a new hire. Types of Metrics Provided by an LMS. An LMS should also allow easy course and catalogue management, which helps administrators create and manage their classes.

Management 148

Management Software Review Metrics Retention 148

Duct Tape Marketing

APRIL 14, 2024

How to Hire a Fractional CMO: The Smart Way to Scale written by John Jantsch read more at Duct Tape Marketing Are you looking at your business goals and feeling your marketing strategy just isn’t cutting it? This is where hiring a fractional CMO can make a significant difference. When should I hire a fractional CMO?

Hiring 75

Hiring Leadership Differentiation Cost 75

Hearpreneur

OCTOBER 25, 2023

6- Hire an attorney and SEO expert Photo Credit: Priscilla Christine When establishing your business, there are several essential tips to keep in mind for long-term success. First and foremost, consider hiring an attorney to assist you in setting up your business structure, drafting contracts, and establishing store policies.

eCommerce 127

eCommerce Omaha Entrepreneur SEO 127

Up and Running

FEBRUARY 25, 2021

However, there are some areas you can look to take on internally which can free up who you hire to carry out other important tasks and more technical aspects of SEO work. Many of which offer free versions, which for small and medium enterprises, are great options for keeping costs down. Cost: Free. Cost : Free.

SEO 85

SEO Technical Review Metrics Analytics 85

The Startup Magazine

OCTOBER 19, 2020

Capturing and analyzing data enables companies to get insights that benefit their companies in cost-saving, relevant marketing, product development, etc. These days, instead of hiring an MBA from a big university, companies need Data Scientists. These metrics rely on the historical economic activity of the business.

Technical Review 156

Technical Review Forecast Analytics Social Media 156

The Startup Magazine

JANUARY 17, 2021

Key Performance Indicators (KPIs) is a metric to monitor how effectively a business is accomplishing its specific objective. The metric is useful for measuring the chances a customer would recommend your products or service. Employers use this metric to measure their employees’ loyalty. EMPLOYEE NET PROMOTER SCORE .

.Net 93

.Net Metrics Retention Revenue 93

ReadWriteStart

JUNE 13, 2023

A lack of trust in other people will often cause important hiring decisions to be postponed indefinitely, which then causes entrepreneurs to not delegate and stay endlessly stuck in the weeds of daily operations. Another marketing-related error that starting entrepreneurs will often commit is failing to measure the right metrics.

Cost 78

Cost Entrepreneur ChatGPT B2C 78

Startup Professionals Musings

DECEMBER 10, 2017

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. Don’t let one incident, observation, rumor, or misunderstanding cause a rush to judgement, or hiring mistake.

Management 134

Management Analytics Open Source Hiring 134

Startup Professionals Musings

DECEMBER 27, 2017

That doesn’t mean you need to hire an expensive recruiter for every position, but it does mean that you must put the same time and effort into finding rockstar people, as you do in building a rockstar solution. Here are ten key questions you should ask in selecting any recruiter or firm: What are your search successful completion metrics?

Search 181

Search Technical Review Differentiation Hiring 181

Startup Lessons Learned

JANUARY 19, 2009

Lessons Learned by Eric Ries Monday, January 19, 2009 Lean hiring tips In preparing for the strategy series panel this week, I have been doing some thinking about costs. I want to talk specifics, and when you come right down to it, most technology startups dont have a very interesting cost structure.

Lean 140

Lean Hiring San Francisco Continuous Deployment 140

Startup Professionals Musings

SEPTEMBER 29, 2018

Cash flow is a basic survival metric for every startup. Things will cost more than you expect. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Desperate entrepreneurs lose their leverage and die young. You will make mistakes.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Startup Killer: the Cost of Customer Acquisition In the many thousands of articles advising entrepreneurs on what they have to focus on to build successful startups, much has been written about three key factors: team, product and market, with particular focus on the importance of product/market fit.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

ConversionXL

MAY 29, 2019

million in extra revenue, with $500,000 in costs. The problem is not the cost side. The eight false discoveries cost “only” $40,000. Instead of increasing your success metrics, your challenger decreases them. By adding up all 25 winners of $100,000, they’ve generated $2.5 Note that I call the profits “gross profit.”

.Net 133

.Net Programming Metrics Jordan 133

Eric Friedman

JUNE 17, 2021

I also love figuring out where a founder is going and what their north star metric could be, both now and in the future. His unique insight into shift workers is that if you can align the incentive structures, minimize turnover, and help with hiring – you are vastly more interesting to merchants than any tool or service out there.

Metrics 78

Metrics SMS Cofounder Lean 78

Up and Running

SEPTEMBER 19, 2018

Financial Summary: Explain your business model, startup costs, revenues, and liabilities to the company. Milestones and metrics that you’ll need to hit to be viable. Milestones and metrics. For metrics , decide which numbers to check regularly to track your company’s health. Hiring plans. Be specific.

Business Plan 154

Business Plan Technical Review Forecast Exit Strategy 154

Duct Tape Marketing

NOVEMBER 21, 2022

One of the greatest ways to do so is hiring a CMO or Chief Marketing Officer, an experienced, result-driven executive responsible for all your marketing efforts. But if we focus on strategy and implementation, the choices you’ll come across are hiring a marketing agency, a marketing coach, a marketing consultant, or a fractional CMO.

Fractional CTO 63

Fractional CTO Small Business Metrics Revenue 63

YoungUpstarts

AUGUST 31, 2019

Practically speaking, it also keeps your costs down and prevents you from blowing through all of your cash on one failed project.). This is the critically important metric that tells you how much of your cash you’re spending on a monthly basis.). Hire the Right People. The concept of risk is interesting, to say the least.

Burn Rate 156

Burn Rate Startup Lean Early Stage 156

Women Entrepreneurs Can

MARCH 23, 2024

Remember that applicants are not always honest, and as such, you need to have a stringent hiring process to ensure you choose the right fit. Just as you are selective of who you hire, the best talents who know their worth will likely not apply to non-appealing jobs. If you choose to handle things yourself, read on.

Hiring 40

Hiring Reputation Metrics Retention 40

Startup Professionals Musings

AUGUST 27, 2014

Even non-profits need revenue to cover their costs, and continue to provide services. Use metrics to measure results of marketing initiatives. Trying to save money by recruiting family members, or hiring only interns, is a bad risk. Risk is more manageable with subscriptions and even freemium pricing.

Startup 283

Startup Forecast Stock Options Technical Review 283

Up and Running

NOVEMBER 3, 2021

Both of these are paramount to the running of a business, and while they might seem to have some overlap, they look at two distinct metrics. There are a variety of good cash flow rules to follow for any business, such as keeping an eye on specific metrics that have large impacts on cash flow. Metrics and management.

Balance Sheet 81

Balance Sheet Management .Net Metrics 81

Steve Blank

SEPTEMBER 5, 2018

He just hired Meg Whitman. Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. The result?

Lean 335

Lean Burn Rate Startup IPO 335