Startup Professionals Musings

OCTOBER 16, 2023

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Forecast sales-volume expectations.

Forecast 290

Forecast Burn Rate Widget Business Plan 290

Startup Professionals Musings

FEBRUARY 5, 2021

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Forecast sales-volume expectations.

Forecast 369

Forecast Burn Rate Startup Widget 369

Startup Professionals Musings

AUGUST 27, 2014

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Even non-profits need revenue to cover their costs, and continue to provide services. Don’t rely on conservative forecasts to reduce risk.

Startup 283

Startup Forecast Stock Options Technical Review 283

YoungUpstarts

AUGUST 17, 2020

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. An accountant by background, he enjoys helping clients receive substantial tax refunds.

Finance 217

Finance Forecast Balance Sheet Angel Investor 217

The Startup Magazine

OCTOBER 19, 2020

Similarly, customers are more knowledgeable, aware, and conscious to choose from the variety out there, which slows down the company’s revenue and growth. Nearly Accurate Forecasts: One of the most significant advantages of data-driven decision making and planning is getting more credible forecasts.

Technical Review 153

Technical Review Forecast Analytics Social Media 153

VC Cafe

JANUARY 24, 2021

“It follows that the goal of forecasting is not to see what’s coming. It is to advance the interests of the forecaster and the forecaster’s tribe.” As a fan of prediction lists, I collected a number of interesting reports and expert forecasts for 2021 in the spaces we cover at Remagine Ventures. Fortnite alone made $1.8

Technical Review 207

Technical Review Audio Forecast Social Media 207

ReadWriteStart

JULY 7, 2023

The way in which small and medium-sized businesses (SMBs) approach online marketing is being revolutionized by SpeedyBrand, a cutting-edge startup that is a pioneer in the field of search engine optimization (SEO) content creation. SpeedyBrand also faces competition from these other startups.

Generative AI 127

Generative AI SEO Artificial Inteligence Forecast 127

Startup Professionals Musings

MARCH 4, 2016

In fact, investors recognize that founders usually learn more from mistakes than from success, so a well-explained startup failure can improve their odds of funding the next time around. As an active angel investor and startup advisor, I’ve seen many of the same stumbling blocks repeated all too many times.

Intellectual Property 120

Intellectual Property Startup Forecast Angel Investor 120

Both Sides of the Table

APRIL 3, 2014

Most technology startups seem to be funded by product people or business people. My first startup was no different. They are the lifeblood of many companies yet they are different than the traditional technology startup DNA so the ways that you hire, motivate, compensate and assess performance of these individuals will be different.

Sales 382

Sales Startup Technical Review Matching 382

VC Cafe

JULY 21, 2022

The global games and services market is forecast to reach $188 billion in 2022, a 1.2% forecasted decline year on year according to research from Ampere Analysis after two years of massive growth. While mobile game revenue was down 6.6% Typically, a large percentage of the funding raised by gaming startups goes to marketing.

Forecast 190

Forecast IP Mobile Acquisition 190

Startup Professionals Musings

SEPTEMBER 9, 2015

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Even non-profits need revenue to cover their costs, and continue to provide services. Don’t rely on conservative forecasts to reduce risk.

Forecast 120

Forecast Startup Stock Options Technical Review 120

VC Cafe

AUGUST 30, 2023

The Information revealed that OpenAI passed the $1 billion revenue pace over the next 12 months, far ahead of its projections. billion quarterly revenue, driven by surging demand for its AI chips. But it’s not just large tech companies fighting for their share of cloud revenue – startups are entering the space quickly.

Generative AI 78

Generative AI ChatGPT Software Review API 78

YoungUpstarts

SEPTEMBER 4, 2016

For manufacturing startups, here are several ways to achieve effective supply chain management: Understand Your Supply Chain Elements. Too many startups mistakenly believe that their “widget” comes from one source. trillion in profits due to cost-saving and increased revenues.

Management 145

Management Forecast Los Angeles San Francisco 145

Both Sides of the Table

SEPTEMBER 17, 2011

I recently wrote a post about why I didn’t think early-stage startups should have COOs. What a luxury in a startup to have the number one person in the business get to focus on just strategy? This person can do budgeting, forecasting, strategic planning, legal, HR, office moves, etc. I find them strange. What will it do?

Operations 292

Operations CTO Hire Startup Early Stage 292

Steve Blank

MARCH 17, 2020

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. “Winter is coming.”. And what’s in my lifeboat?”.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

Up and Running

APRIL 22, 2020

They often require that you’ve been in business for a couple of years, or, when do they lend to new companies or startups, they generally expect the owners to have experience in the industry. Many startups are small, local businesses with hopes of eventually rapidly scaling—but they’re still establishing a track record.

SBA 139

SBA Forecast Software Review Business Plan 139

Startup Professionals Musings

FEBRUARY 17, 2018

As a long-time mentor to entrepreneurs, here is my collection of smart risks that investors and I look for in new startups: Focus on a tough customer problem rather than a fun technology. Even non-profits need revenue to cover their costs, and continue to provide services. Don’t rely on conservative forecasts to reduce risk.

Forecast 161

Forecast Stock Options Technical Review Metrics 161

YoungUpstarts

DECEMBER 16, 2019

With accurate financial data, you can better forecast, budget, and make business decisions based on your cash position. Similarly, if you’ve earned more than $25 million in gross revenue in the past 3 years, the IRS requires you to use accrual accounting when filing taxes. appeared first on Young Upstarts.

Software Review 147

Software Review Cash Position Finance Startup 147

Up and Running

OCTOBER 14, 2022

Ongoing financial planning and forecasting are critical for business growth. These advanced platforms can help small businesses, startups, and solopreneurs automatically log transactions and monitor account balances. But as a small business owner, it can be difficult to do any of this thoroughly and efficiently.

Management 81

Management Balance Sheet Forecast Software Review 81

ReadWriteStart

APRIL 8, 2023

million people and generate monthly revenue. 2 Brainstorming, Forecasting, and Modeling Brainstorming within an expert team can be as effective as monitoring market trends. Most startups are driven by high-end technology, innovations, and agile testing, with the help of which new trends are being born.

eCommerce 185

eCommerce Technical Review Software Review Analytics 185

Up and Running

SEPTEMBER 29, 2022

As you begin your startup journey—consider the following tips to set your business up for success. Download our free Startup Checklist and review the complete guide for starting a small business. With this information, you can forecast the viability and profitability of the business. Need help tracking your progress?

Forecast 154

Forecast Software Review Bootstrapping Finance 154

NZ Entrepreneur

DECEMBER 10, 2020

Kiwi inventory forecasting software StockTrim achieved international sales in the UK, Australia and US immediately after launching in 2017. The post Completing your first capital raise: ten lessons for startups appeared first on NZ Entrepreneur Magazine. StockTrim came out successful – oversubscribed, in fact.

Technical Review 103

Technical Review Software Review Due Diligence Startup 103

Gust

JUNE 19, 2012

Thoughts on startups by investors that fund them & entrepreneurs that run them. One of my earliest excursions into market research was working for a research firm doing a 1979 forecast on ATMs. Investment and startups problem : we all want disruptive and game-changing businesses. Subscribe by email. Invested Interests.

Startup 180

Startup Forecast Angel Investor Software 180

Austin Startup

JANUARY 20, 2021

The Ferrari Museum in Modena, Italy The defining characteristic of the Silicon Valley startup is speed. Startups must build speed into their culture. In 2006, I joined Yelp as employee #20 when the company had $1M in annual revenue. I had to throw out my desire to build a perfect strategy and forecast for the business.

Sales 64

Sales Startup Sales Cycle Revenue 64

Up and Running

JULY 13, 2017

But accurately forecasting your tax obligations may seem difficult, particularly when you’re busy running a company. By incorporating tax forecasting into your cash flow management strategy, you can stop the cycle and ensure funds are flowing as you’re expecting. Not only that, tax laws change from year to year.

Management 102

Management Software Review Forecast CPA 102

Up and Running

AUGUST 24, 2020

Cutting costs , revisiting forecasts , and stabilizing your business. AI has been a consistent presence and focus for startups and technology companies over the last 10-years. Revisit your business plan , forecasts, and company goals. Work with a startup mentality. The first stage in this crisis was survival.

Technical Review 131

Technical Review Analytics Forecast Artificial Inteligence 131

Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Forecast sales-volume expectations.

Forecast 120

Forecast Entrepreneur Burn Rate Widget 120

View from Seed

SEPTEMBER 18, 2019

The point here is not to do a granular forecast of revenue or number of users/customers, but to put a stake in the ground so investors understand what you believe is achievable with X amount of resources given Y timeframe.

Part-Time VPE 195

Part-Time VPE Seed Stage CTO Hire Forecast 195

YoungUpstarts

OCTOBER 12, 2017

To outside investors, the future of early stage and startup companies can be murky. Many of these companies are pre-revenue and in the cash burn stage as they try to establish their technology and market. For many startups this results in a need to raise additional financing through debt or equity arrangements.

San Francisco 133

San Francisco Forecast Early Stage Term Sheet 133

The Startup Magazine

MARCH 31, 2023

Business owners must deeply understand their company’s financial health, track their expenses and revenues, and adjust accordingly. It could be anything from increasing your revenue to reducing your expenses. Your financial plan should include a detailed budget outlining your expenses and revenues.

Management 97

Management Software Review Finance Bankruptcy 97

David Teten

NOVEMBER 26, 2019

However, in a startup the most common scenario is that projections get missed. I encourage entrepreneurs to correct course with a re-forecast early and often. This agile approach is not restricted to small startups. The organization replaced the budget with a quarterly forecasting and planning process.…

Agile 60

Agile Management Forecast Silicon Valley 60

Up and Running

MAY 14, 2018

Every startup looks for ways to catapult a business to success. SaaS startups are often hesitant about charging customers. They think that their product is not yet ready, that it’s necessary to get traction and focus on expanding their customer base rather than on growing revenue. Start charging early.

Startup 107

Startup Software Review Widget Audience 107

Steve Blank

NOVEMBER 16, 2009

In it, I got asked a question I often hear: “What if we have a web-based business that doesn’t have revenue or paying customers? And without revenue how do we know if we achieved product/market fit to exit Customer Validation?” However the Customer Development Model and the Lean Startup work equally well for startups on the web.

Customer Development 219

Customer Development Web Developer Customer 219

Up and Running

JULY 2, 2018

Hiring is a minefield for startups, but with the right approach, you can recruit top talent. Too many startups ignore them and suffer the consequences. How can you keep on top of the finances from the start of your startup journey? Plan the quiet times of the season when revenue drops. A fractured team. Reduce overheads.

Software Review 78

Software Review Technical Review Retention Startup 78

OnlyOnce

SEPTEMBER 8, 2022

In most startups, the founder is the first salesperson and while it may be difficult to let that go you’ll eventually scale, add sales reps, or maybe some form of a Sales Manager once there are more than a couple of reps. If your board asks you if you’re ready to step on the gas and scale your revenue engine (e.g.,

Revenue 62

Revenue Hiring Forecast Early Stage 62

The Startup Magazine

MARCH 24, 2024

The higher the velocity, the more predictable and scalable the revenue becomes. Here are some key tips to refine lead qualification — Leverage predictive analytics for pipeline forecasting Predictive analytics offers real-time data and forecasts that help in accurate pipeline forecasting.

B2B 128

B2B Forecast Entrepreneur Analytics 128

Up and Running

NOVEMBER 6, 2020

Because of this, it’s critical to create a plan that includes a solid financial forecast. Acquiring customers for your SaaS startup is key to your success. Subscription businesses will need the requisite subscription sales forecast as long as some key metrics that savvy investors will want to see. Subscription sales forecast.

Business Plan 87

Business Plan Forecast Churn Rate Acquisition 87