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The Importance of Back Ups

The Startup Magazine

This advice is given freely whether warranted or unwarranted but with little in the way of how to effectively do so. However, for the most part, it is warranted and can be the difference between expensive data recovery costs and loss of earnings due to extended periods of downtime from a ransomware attack , as an example.

Warrant 90
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10 Reasons You Don’t Qualify for an SBA Disaster Loan

Up and Running

Maintaining your business through the coronavirus crisis has likely led you to cut costs, revise your sales projections, and potentially seek out a loan to help you stay afloat. If your business has only been operational for a few months you do have options. Risky industry. Incomplete application or missing documents.

SBA 139
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. This is why investors really like SaaS software companies where you have recurring revenue and your largest customer accounts for < 5% of your revenue and your renewals rates are > 90%.

Burn Rate 383
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28 Surprising Facts to Guide Your Small Business Marketing Strategy

crowdSPRING Blog

From traditional advertising to social media, online review management to blogging, search engine optimization to direct mail – it’s all marketing. While content marketing continues to dominate as a low-cost, but extremely effective, marketing strategy, 80% of small businesses don’t utilize content marketing.

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Who are the Major Revenue-Based Investing VCs?

David Teten

Repaid 12-36 months with ability to prepay at reduced cost. Manuge continues, “Corl connects to a business’ bank accounts, accounting software, payment processors, and other digital services to collect 10,000+ historical data points that are analyzed in real-time. The average monthly operating expenses is $70,335.

Revenue 60
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30 Money Saving Tips For Your Business

Up and Running

You probably don’t have a big portion of your income that you can tuck away as savings, and you welcome opportunities to make your operations more cost-effective. Every startup will use some kind of software: book keeping, word processing, presentation. Really evaluate the cost and benefits to the company.

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5 Best Indicators That It’s Time to Scale Your Business

Up and Running

If it were possible to stay a small business forever to cut significant costs from hiring new employees and equipment, everyone would be doing it. At some point, they realized the workloads were increasing due to increased demand, and so they adjusted accordingly. Ask your employees what they think about their workloads.