Remove Hiring Remove Management Remove Metrics Remove Operations
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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Don’t wait until you are almost out of cash before managing every dollar spent or looking for the next refueling from investors. The best entrepreneurs manage cash flow ruthlessly and never delegate decisions about spending money. Use social media for early marketing.

Burn Rate 258
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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. As an early-stage VC I love this phase.

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How to Wisely Utilize Debt for Business Expansion

The Startup Magazine

By strategically leveraging debt, businesses can access the capital needed to invest in new opportunities, expand operations, and increase profitability. Poorly managed debt can lead to financial strain, decreased creditworthiness, and even bankruptcy. While debt can provide necessary funds for expansion, it also comes with risks.

Finance 114
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10 Ways Owners Often Jeopardize Their Business Growth

Startup Professionals Musings

Some chaos is normal in every new business, but many wait far too long before they install metrics based on “best practices,” and fail to attack obvious bottlenecks with a vengeance. You may be the main problem, insisting on making every decision, and hiring cheap helpers rather than help. Make employee management a proactive process.

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Leaving Government for the Private Sector – Part 1

Steve Blank

Laura Thomas is a former CIA operations officer. At the Agency , 85% of my time was spent navigating bureaucracy and equities, arguing for resources and permission for operations, and dealing with the bottom rung of employees, all while making decisions with little data or data overload. Below is the first of her three-part series.

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5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. The best entrepreneurs manage cash flow ruthlessly and never delegate decisions about spending money. Use social media for early marketing.

Burn Rate 310
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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

For a well-funded seed company I have controversially recommended hiring a great office manager that doubles as an administrative assistant. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs. HR & Legal.