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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. The result is that customer satisfaction in unachievable or at least very expensive. Marketing and sales chasm.

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How to Conduct a Plan Vs Actual Analysis With Spreadsheets

Up and Running

Short of some extremely expensive budgeting software for corporations, that was the only way to do it. In this article, I’ll show you how to do your plan vs. actual analysis, step by step, with your accounting and your spreadsheet. So you have the potential of infinite varieties. For the record, this method still works.

Forecast 147
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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Additionally, take time to plan your costs and don’t underestimate expenses – they will likely increase as your business grows. Michael Majeed: In all probability, it takes 2-3 years for a new business to start showing a profit – but that doesn’t necessarily mean that you are doing something wrong.

Finance 217
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7 Ways To Improve Your Team Member Experience At Work

Startup Professionals Musings

Some are doing this at the expense of employee experience , which I believe is one of the major causes of employee dissatisfaction and exit of good employees today. Establish a schedule for your own accessibility, so that employees can find you easily, and see that you care about them and know their challenges early.

Employee 282
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Tax and accounting treatment for website development costs

The Startup Magazine

Does it go under profit and loss and count as an expense? For those of you who are unsure about what a profit and loss statement is – it’s a document that shows a company’s financial progress over a certain period. The taxman is happy and so is Adam. So what does this do to your tax bill?

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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

Some of you may be convinced that your product specification communicates the product message even better than a business plan, so why be redundant? Set specific targets on the sales channels and marketing initiatives you need, including the use of social media, brand building, franchising, trade shows, affiliates, and distributors.

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8 Activities To Satisfy Your Boss You Are Accountable

Startup Professionals Musings

In my experience, developers can be so committed to a technology, such as hydrogen engines for cars, such that they may be unwilling to change as the business pivots for market reasons. Don’t allow yourself to get focused on a specific task, at the expense of other work. The same is true with team goals and expectations.