YoungUpstarts

JULY 16, 2019

Have you developed any vision of a product development strategy? And keep in mind that the best option is to develop at least 5 domain names connected to your brand’s name to find an unoccupied domain. Develop a software solution. Discuss the suitable tools with your development team. Hourly rate.

eCommerce 113

eCommerce Software Developers Software Development Hosting 113

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. For example, based on a customer’s last sales data and website bounce rate, you can predict their next purchase and average time spent on your website.

Technical Review 152

Technical Review Forecast Analytics Social Media 152

Up and Running

FEBRUARY 20, 2015

If you don’t understand your key financial metrics, you have no way of monitoring your business’s health—and you risk mingling assets, incurring penalties for filing taxes late, overlooking expenses, and running into difficulties paying bills and employees, just to mention a few! Each article will give you: A brief definition of the metric.

Metrics 60

Metrics Burn Rate .Net Churn Rate 60

Women Entrepreneurs Can

FEBRUARY 27, 2024

Among these, sales, marketing, customer service, and product development take center stage. In failing to prioritize accounts receivable, businesses squander the efforts of their marketing and sales teams. To thrive, a business must excel in a multitude of functions.

Software Review 40

Software Review Metrics Analytics Software 40

Both Sides of the Table

FEBRUARY 27, 2019

Often board members themselves don’t do the work to say “what metrics would we like to see.” Any great board member should tell you, “please don’t create any performance metrics or materials that analyze the business that you’re not already creating for your own management’s use.” Sometimes they don’t even know.

Stock Options 226

Stock Options Metrics Stock Valuation 226

Startup Professionals Musings

OCTOBER 5, 2014

Cashflow is a basic survival metric for every startup. Waiting until you have something to sell before bringing on a sales and operations staff. Getting a sales contract before manufacturing inventory. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 262

Burn Rate Hockey Stick Entrepreneur Salary 262

YoungUpstarts

MAY 30, 2019

CTOs, often acting as VPs of product capacity, must develop product specs and then provide them to developers and engineers. Without the delivery of features at a predictable pace, it’s natural for sales, marketing, and fundraising teams to struggle to produce. Maintain User-Centricity in Product Management.

Management 138

Management Product SCRUM Early Stage 138

Startup Professionals Musings

DECEMBER 7, 2022

Others do far too little, assuming the viral effect and word-of-mouth will soon kick in, and sales will suddenly grow exponentially. There is no magic lever for growth, so several initiatives are required, with metrics to assess value returned. Ask every employee to focus on sales. Shorten the close cycle to grow faster.

Startup 335

Startup Social Media Metrics Viral 335

YoungUpstarts

APRIL 21, 2013

Creators of new products in environments of extreme uncertainty, startups face enormous risks. Insufficient capital, over investment, and low sales are just some of the reasons leading to this sobering statistic. In the US, about 50% of small businesses fail in the first five years. This reduces guesswork, time, money and effort.

Lean 193

Lean Technical Review North America Startup 193

Startup Professionals Musings

MAY 30, 2022

Switch your attention from product development to sales. Second-stage growth usually requires a formal sales model, an experienced and disciplined sales team, and a well-defined process to meet your new goals and demands. Managing business growth is more than metrics. Optimize the total customer experience.

Mezzanine 368

Mezzanine Private Equity Bandwidth Metrics 368

abovethecrowd.com

OCTOBER 1, 2013

Over 13 years ago, in March of 2000, I wrote a blog post titled “ The Most Powerful Internet Metric of All. ” The key thesis was this: if an Internet company could obsess about only one metric, it should be conversion. As such, it is time to pound the table again – conversion is by far the most powerful Internet metric of all.

Metrics 93

Metrics Conversion Internet Acquisition 93

Startup Lessons Learned

NOVEMBER 8, 2008

Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customer development? When we build products, we use a methodology. Steve Blank has devoted many years now to trying to answer that question, with a theory he calls Customer Development. a roadmap for how to get to Product/Market Fit." Theory of market types.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Startup Professionals Musings

SEPTEMBER 14, 2016

Cash flow is a basic survival metric for every startup. Waiting until you have something to sell before bringing on a sales and operations staff. Getting a sales contract before manufacturing inventory. This could equate to two technical founders (with a minimal salary), funding two developers for a year.

Burn Rate 120

Burn Rate Hockey Stick Startup Salary 120

conversionxl.com

SEPTEMBER 10, 2013

It’s Not a Conversion Problem, It’s a Customer Development Problem. Not because they have a conversion problem but because they never really nail the product or how to market it. This is a customer development problem. So What is Customer Development? The Problem With Traditional Product Development.

Customer Development 60

Customer Development Conversion Developer Customer 60

Startup Professionals Musings

AUGUST 21, 2021

Switch your focus from product development to sales. Explosive growth to an enterprise normally requires a scalable sales model, a well-documented process with incentives, training, and metrics for tracking and management. Isolate marketing from sales for maximum customer focus.

Merger 379

Merger Due Diligence SEC IPO 379

Gust

APRIL 27, 2014

Software Development Process via Wikipedia. Develop your business plan. This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

YoungUpstarts

JUNE 11, 2015

Once upon a time, your company may have been able to shake it off if you threw a marketing idea against the wall and found it didn’t stick, or developed a line of products customers didn’t seem to like. Develop products customers want. Develop products customers want.

Analytics 100

Analytics Customer Acquisition Metrics 100

Startup Professionals Musings

MARCH 9, 2020

Others do far too little, assuming the viral effect and word-of-mouth will soon kick in, and sales will suddenly grow exponentially. There is no magic lever for growth, so several initiatives are required, with metrics to assess value returned. Ask every employee to focus on sales. Shorten the close cycle to grow faster.

Social Media 329

Social Media Metrics Viral Channel 329

View from Seed

MARCH 24, 2021

” Below are our favorite pieces from the past few years, divided in to a few key categories: fundraising, company building, product development, industry trends, and the life of a VC. Finance is about reporting on historical performance and future planning through the lens of financial metrics.” ” (Melody Koh).

Seed Stage 177

Seed Stage Hiring IPO Analytics 177

Startup Lessons Learned

JANUARY 30, 2018

They take on many priorities—for example, working on 3 product development projects simultaneously—and then work hard to accomplish all of them, which means they cannot go all in and obsess over a few things. “Do And does that value provide societal benefits beyond sales and profits? That’s no surprise.

Metrics 349

Metrics Startup Lean Detroit 349

Up and Running

MAY 15, 2014

As an entrepreneur raised in the era of analytics, I want to find metrics for everything. During our time working together, I was impressed by my potential partner’s sales abilities and drive to hit the personal goals we’d set. Given that reality, my conversations with the contract developer didn’t move forward very quickly.

Partner 113

Partner Cofounder Equity Metrics 113

Up and Running

SEPTEMBER 24, 2020

Business owners invest a lot into building a good product, marketing it properly , and onboarding a solid team. Often, the expenses on development and maintenance of the business are higher than the potential of the product — and that’s, unfortunately, completely normal. Optimize product development and marketing process.

San Francisco 106

San Francisco Audience SMS Demand 106

Up and Running

MAY 23, 2016

In the tactics section, list your sales channels and describe how you will be selling your products. While it’s useful to be able to have a sales forecast and expense budget early on, it’s not something you need until you’ve validated your idea. Another great way to test your idea is to create a minimum viable product, or MVP.

Software Review 74

Software Review Software Delaware Forecast 74

Steve Blank

MARCH 3, 2015

Berkeley were heavily funded to develop Cold War weapon systems. Starting in the 1950’s, Stanford’s engineering department became “outward facing” and developed a culture of spinouts and active faculty support and participation in the first wave of Silicon Valley startups. Seeing Is Believing. The Business Plan is Dead. Berkeley-wide.

Business Plan 120

Business Plan Silicon Valley Saudi Arabia Lean 120

Startup Professionals Musings

MAY 4, 2020

Define success metrics, and measure progress regularly. Initially, you may be able to do everything in your startup, including product development, marketing, and shipping orders. As you move from development to rollout, a team effort is required, including marketing, sales, funding, and customers.

Advisory Board 308

Advisory Board Agile Social Media Metrics 308

Startup Professionals Musings

SEPTEMBER 1, 2019

Switch your attention from product development to sales. Second-stage growth usually requires a formal sales model, an experienced and disciplined sales team, and a well-defined process to meet your new goals and demands. Managing business growth is more than metrics. Optimize the total customer experience.

Mezzanine 244

Mezzanine Private Equity Startup Bandwidth 244

A Smart Bear: Startups and Marketing for Geeks

JULY 19, 2010

About twenty people on Answers OnStartups have asked this question in one form or another: When I meet an angel investor, he may ask: "What if a big company copies your idea and develops the same website as yours after your website goes public?". P.S. For more, here are detailed examples of how this mindset also sets up your sales pitch.

Software Review 325

Software Review Technical Review Development Team Review Bolivia 325

Startup Lessons Learned

APRIL 29, 2013

Although every organization faces some uncertainty in developing new stuff, the conditions are not always extreme. For example, when your company adds ano ther blade to its disposal razors , the product’s technical development, marketing and sales will follow relatively predictable paths.

Lean 165

Lean Technical Review Startup Software Review 165

YoungUpstarts

JULY 2, 2020

Many companies, in the face of declining sales, are becoming more aggressive in their marketing strategies. Empathize with your customers and understand that pushy sales pitches won’t work – worse, you could come across as uncaring and greedy. If you use these same metrics, you’re going to be sorely disappointed in the results.

Marketing 262

Marketing Metrics Channel Differentiation 262

Startup Lessons Learned

APRIL 14, 2009

Every board meeting, the metrics of success change. Their product definition fluctuates wildly – one month, it’s a dessert topping, the next it’s a floor wax. For a startup, having great sales DNA is a wonderful asset. The problem stems from selling each customer a custom one-time product.

Customer 167

Customer San Francisco Lean Hockey Stick 167

VC Cafe

APRIL 22, 2020

By Lihi Pinto-Fryman, co-founder and CRO and Gal Aga, VP of Sales at Syte.ai , a visual search startup and Remagine Ventures portfolio company. Social distancing measures are in place for an indefinite period, and sales teams have to quickly adapt to reach customers and prospects solely through virtual meetings and channels.

Sales 113

Sales Cofounder Channel Revenue 113

Up and Running

SEPTEMBER 6, 2016

To create this first year in business checklist, I turned to our in-house experts here at Palo Alto Software: Sabrina Parsons, CEO; Noah Parsons, COO; Josh Cochrane, Vice President of Product Development; and Josh Fegles, Academic and Government Channel Sales Director, and founder of gluten-free cookie company Jude’s Foods.

Forecast 60

Forecast Software Review Lean Finance 60

Occam's Razor

APRIL 23, 2012

While there is a great deal of appreciation for the power of metrics/data, I've come to realize that Sr. Leaders don't quite appreciate the deep, and often corrosive, consequences of choosing metric x over metric y as a key performance indicator (KPI). It is a standard metric. Don't believe me?

Metrics 152

Metrics Analytics Search Channel 152

Both Sides of the Table

MAY 27, 2013

In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, product management, client services, finance, vp engineering and more. By being so metrics driven we can have a lot more quantifiable and objective discussions at board meetings and at mid-point reviews. .

Advisory Board 365

Advisory Board CTO Hire Fractional CTO Los Angeles 365

Steve Blank

MAY 14, 2012

The excerpts, which appeared first at Inc.com , highlight the Customer Development process, best practices, tips and instructions contained in our book. ———– Whether your venture is a new pizza parlor or the hottest new software product, beware: These nine flawed assumptions are toxic.

Balance Sheet 335

Balance Sheet Business Model Customer Development Metrics 335

Steve Blank

SEPTEMBER 10, 2009

In future posts I’ll describe how Eric Ries and the Lean Startup concept provided the equivalent model for product development activities inside the building and neatly integrates customer and agile development. They never understood Market Type. Why does Market Type matter?

Customer Development 196

Customer Development Developer Customer Silicon Valley 196

Startup Lessons Learned

FEBRUARY 28, 2009

This builds on a lot of great thinking that has come before, like the agile movements insistence that only the creation of working code counts as progress for a software development team. I used to think that investments in metrics were a form of waste. Customers dont care if you have good metrics, only if you have a good product.

San Francisco 98

San Francisco Continuous Deployment Lean DC 98