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10 Strategies To Cover New Product Development Costs

Startup Professionals Musings

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start. Join a startup incubator.

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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

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. CAC is often measured incorrectly and doesn’t often doesn’t capture the true costs of acquisition. The first input is CAC.

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10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

My first advice for new entrepreneurs is to pick a domain, such as online web sites and smart phone apps, that doesn’t have the sky-high up-front development costs. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start. Solicit funds from friends and family.

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How Much Does it Cost to Form an LLC? A Guide For Startups

The Startup Magazine

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. You will incur a legal cost of somewhere between $1,000 to $1,500 for the process. LLC Formation Costs. What Are Your Options for LLC Formation?

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10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

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.

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How To Prevent Gaps in An Innovative Startup Strategy

Startup Professionals Musings

Focus is required to resist adding a few more neat features, made possible by the new technology, which in fact make the product more complex to use, impossible to test, and very expensive in time and cost. Lots of people still believe the major cost of a new product is development. Marketing costs can be a deep hole.

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10 Tips For A New Venture To Survive The Early Years

Startup Professionals Musings

My first advice for new entrepreneurs is to pick a domain that doesn’t have the sky-high up-front development costs, like online web sites and smart phone apps. For the rest of us, the following suggestions will help you survive the valley of death: Accumulate some resources before you start. Join a startup incubator.