Startup Professionals Musings

AUGUST 17, 2020

If you find more than a dozen solutions that loosely match your idea, it may be time to skip that one and try another. Even good social causes need to bring in revenue to continue their worthy efforts. New smartphone apps cost only a few thousand, if you have the programming skills. Ask domain experts to quantify value for you.

Technical Review 434

Technical Review Due Diligence Intellectual Property Internet 434

Startup Professionals Musings

SEPTEMBER 17, 2021

Entrepreneurs set the price of their solution based on their costs, and their perception of value. With the best solutions, the customer gets value which exceeds your revenue. Through social media and customer interaction, you must convince customers that your culture matches theirs. You are not the servant of your customer.

Sales 348

Sales Startup Bootstrapping Technical Review 348

The Next Web

NOVEMBER 6, 2013

If your startup’s goal is to sell a product or service but you’re having a hard time with your revenue model, affiliate marketing might be the perfect match to give you that much-needed boost. Affiliate marketing can help your startup rise above the clutter and increase your revenue. What is affiliate marketing?

Affiliate 134

Affiliate Revenue Internet Marketing 134

The Startup Magazine

JUNE 29, 2020

So, it wouldn’t be wrong to say that email marketing is the most cost-effective strategy to increase your audience base while enhancing your sales. In short, email automation comes with a plethora of benefits for your business, customers, and your revenue. Accelerates revenue. Leading Drivers of Marketing ROI.

Email 165

Email Campaign Revenue HTML 165

Startup Professionals Musings

SEPTEMBER 29, 2018

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

ConversionXL

OCTOBER 21, 2013

Managing shopper experience for medium-sized eCommerce businesses presents a lot of opportunities for conversion testing, and the ability to see real and immediate revenue results when tests are successful. This one small change led to an additional 110 orders, bringing in an additional $43,230 in revenue in a 2 week period.

Revenue 124

Revenue Caching Software Review eCommerce 124

Up and Running

JUNE 1, 2021

It’s even possible for many of them to be revenue-neutral or better. Here’s an explanation of what conditions make an employee benefit revenue-neutral and a look at the five best options for businesses in a post-pandemic hiring environment. What is a revenue-neutral benefit?

Revenue 150

Revenue Employee Small Business Matching 150

Berkonomics

JANUARY 3, 2013

Most every business can take advantage of continuing, recurring revenues from its customer base. Sometimes, products are designed to make all of their profit upon the recurring revenues from supplies or support. Usually that amount exceeds 50% of total revenues, and is often much more.

Revenue 79

Revenue Software Review Vertical Valuation 79

Both Sides of the Table

DECEMBER 27, 2011

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. ” If you’re not profitable you’re purely a cost center to them. Simplifying: Revenue -. Cost of Goods Sold (COGS) =.

Startup 418

Startup Revenue Technical Review Flash 418

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? Cut costs to stay alive for 24 months. Payroll costs/other variable costs. The ripple effects won’t be obvious at first.

South Korea 333

South Korea Salary Business Model China 333

Both Sides of the Table

MARCH 19, 2013

The line of reasoning goes, “Services businesses are not scalable and the market won’t reward this revenue so make sure that third-parties do your implementation or clients do it themselves. We only want software revenue.” If you’re an early-stage enterprise startup services revenue is exactly what you need.

Technical Review 403

Technical Review Software Review Startup API 403

Board Effect

JUNE 1, 2021

There are two parts to the budget — expenses and revenue. Revenue may not stream in as expected and large, unexpected expenses can creep up. The two primary components of a budget are income and revenue, and many subcategories fall under the umbrella of each. Nonprofit budgets should be considered flexible documents.

Software Review 98

Software Review Technical Review Revenue Forecast 98

Steve Blank

FEBRUARY 13, 2024

We’ll sell them the CDROM drives as well.” (The Kodak CDROM drives were the size of professional audio equipment and depending on the model, costing $600-$1000 in today’s dollars.) (And Marketing and capital expenses (new factory, high R&D expense) were predicated on consumer-scale sales. So what’s the lesson for Apple?

Search 265

Search Marketing Forecast Burn Rate 265

Startup Professionals Musings

JUNE 4, 2021

In this context, there are many parameters and concepts you need to understand before you buy advertising: Cost per impression (CPI). Cost per click (CPC). Cost per action (CPA). All these models start with the advertiser choosing the right search keywords to match user searches. Popular keywords have higher costs.

Search 385

Search Engineer PPC Widget 385

Startup Professionals Musings

AUGUST 31, 2014

The alternatives range from giving it away for free, to pricing based on costs, to charging what the market will bear (premium pricing). The revenue model you select is basically the implementation of your business strategy, and the key to attaining your financial objectives. Cost-based model. Value model. Subscription model.

Revenue 287

Revenue Startup Business Model Retention 287

Steve Blank

MAY 17, 2022

Their real-world performance generally degrades over time if they are not updated regularly with new training data that matches the changing state of the world. An AI can recognize patterns which don’t match the behaviors expected for a particular system, out of millions of different inputs or transactions. Example here.

Artificial Inteligence 419

Artificial Inteligence Software Review Algorithm Technical Review 419

Startup Professionals Musings

OCTOBER 5, 2014

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cashflow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

Up and Running

NOVEMBER 5, 2018

What will it cost to start that business? Many people underestimate startup costs and start their business in a haphazard, unplanned way. Estimating realistic startup costs is one of the key elements of your financial plan. What are startup costs? It’s always a guess—but you can make it a good educated guess.

Cost 150

Cost Balance Sheet Startup Intellectual Property 150

Up and Running

JANUARY 18, 2021

What revenue models are best for your online platform? While I leave to you the marketing effort to acquire clients, I will suggest to you the possible revenue models that you should consider for your platform to start making money as soon as possible. That is not possible with YouTube. Think about it: where would you go?

Securities and Exchange Commission 123

Securities and Exchange Commission Revenue Networking Cost 123

The Startup Magazine

MAY 31, 2022

On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). Cost-cutting. On the other hand, outsourcing human resource services eliminates all of the additional costs associated with hiring, training, and retaining your HR employees.

United States 137

United States Salary UAE Hiring 137

Up and Running

SEPTEMBER 2, 2020

It’s a cost-effective method to explore new opportunities without risking failure simply due to a lack of experience or resources. Increase revenue. If you’re able to take advantage of any of the previously mentioned advantages, there’s a good chance you’ll also increase your revenue. And who will you do it with ?

Small Business 153

Small Business Reputation Partner Revenue 153

Startup Professionals Musings

FEBRUARY 24, 2017

The “product” value is difficult to quantify, the costs are nebulous, and entrepreneurs have to clone themselves to scale the business. Set pricing to assure both revenue and profit. To check your return on marketing investment, you need to define metrics and a formal process to evaluate progress and cost tradeoffs.

Differentiation 141

Differentiation SBA Social Media Dividend 141

Board Effect

MARCH 23, 2022

Corporate matches. Also, take note of whether there was a carryover of expenses or revenue which will help you determine which activities were productive and impactful versus those that weren’t. Cost per dollar raised. A goal without a plan is just a wish. Here is a shortlist of funding sources to review: Ticket sales.

Campaign 98

Campaign Software Review Technical Review Metrics 98

Steve Blank

APRIL 23, 2014

buy out an entire company for its revenue and profits. In response, venture capital firms like Sequoia and Andreessen/Horowitz are hiring new partners just to work with their portfolio companies and match them to corporations. The founding team is testing for the right combination of product, market, revenue, costs, etc.

Acquisition 332

Acquisition Intellectual Property Silicon Valley Startup 332

Startup Professionals Musings

SEPTEMBER 24, 2018

If you find more than a dozen solutions that loosely match your idea, it may be time to skip that one and try another. Even good social causes need to bring in revenue to continue their worthy efforts. New smartphone apps cost only a few thousand, if you have the programming skills. Ask domain experts to quantify value for you.

Technical Review 208

Technical Review Due Diligence Intellectual Property Internet 208

ReadWriteStart

JUNE 8, 2021

After launching a new startup, you’ll be interested in growing the business as quickly as possible, thus generating more revenue, securing more stability, and improving your reputation as well. You can devise a streamlined, efficient workflow from scratch – but there’s no guarantee the “practice” is going to match the “theory.”

Employee 127

Employee Product Startup Software Review 127

Up and Running

JULY 22, 2014

It’s a table that lists all of your revenue streams and all of your expenses—typically for a three-month period—and lists at the very bottom the total amount of net profit or loss. A typical profit and loss statement should include: your revenue (also called sales), followed by. how you make money.

Balance Sheet 148

Balance Sheet Forecast Equity .Net 148

Startup Professionals Musings

DECEMBER 14, 2015

Investors want proof of a business model and real customer revenue, as well as a product. In today’s world of information overload, everyone relies on marketing and social media to find solutions to match their needs. If there is no competition, investors see no market, meaning no customers, slow growth and big marketing costs.

Technical Review 120

Technical Review Startup Angel Investor Social Media 120

YoungUpstarts

NOVEMBER 4, 2019

The most immediate result is a halt in daily routine and loss of profit/revenue as an after effect. In fact, ITIC, a mutual insurer, reported that 98 percent of organizations say one hour of downtime costs over $100,000. Blackouts in commercial buildings can cause serious issues in businesses like: Loss of revenue.

Software Review 113

Software Review Stock Security Revenue 113

YoungUpstarts

MARCH 29, 2018

To keep track of all your expenditure and the effect this is having on your profits, you need to have a plan that details every facet of your business and the costs each incurs. You should have included all your overheads and running costs in your original business plan, so revisit it and see how your predictions have turned out.

Technical Review 100

Technical Review .Net Warrant Cost 100

Startup Professionals Musings

JUNE 5, 2012

Yet a creative collaboration with your biggest competitor may be the best opportunity for revenue and survival. As a result of our increased coverage and wider range of solutions, we both gained revenue and credibility, while reducing marketing and development. Cost sharing and economies of scale.

Non-Compete 241

Non-Compete Merger Technical Review Software Review 241

Startup Professionals Musings

SEPTEMBER 14, 2016

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 120

Burn Rate Hockey Stick Startup Salary 120

Steve Blank

SEPTEMBER 16, 2014

While most of the early attention in a startup is paid to finding product market fit ( the match between value proposition and customer segment on the right-side of the canvas) it’s the left side of the canvas that will tell you what your founding team should look like. If you’re a startup it’s easy to get confused on this step.

Cofounder 335

Cofounder Founder Intellectual Property Business Model 335

Hearpreneur

OCTOBER 25, 2023

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. The first step is to have a domain name that matches your business name. The current returns process has too many touchpoints where shrinkage can happen.

eCommerce 134

eCommerce Omaha Entrepreneur SEO 134

ConversionXL

FEBRUARY 3, 2022

For each potential channel, look at: Customer acquisition cost How many customers you can reach Whether the channel reaches the right audience. In the acquisition phase, measure these performance metrics: Customer acquisition cost Conversion rate Website traffic Click-through rate Bounce rate Quality of leads. Activation.

Retention 113

Retention Marketing Acquisition Channel 113

ConversionXL

JANUARY 18, 2022

It partners with sales to close more revenue, informs product teams to deliver better products, and in some cases, co-owns demand generation activities with marketing teams. And then it ensures that all of the organization’s efforts match that true north. They rely on each other for success. Image source. Image source.

Marketing 110

Marketing Product Audience Equity 110

Gust

AUGUST 24, 2014

The alternatives range from giving it away for free, to pricing based on costs, to charging what the market will bear (premium pricing). The revenue model you select is basically the implementation of your business strategy, and the key to attaining your financial objectives. Cost-based model. Value model. Subscription model.

Revenue 184

Revenue Startup Retention Internet 184