YoungUpstarts

DECEMBER 12, 2020

The social distancing needs and huge traffic online has led companies to upgrade their online selling channels to meet the digital demand. This optimization enables businesses moving to the online market to adapt faster to evolving customer expectations, technology advancement, and changing digital experiences.

Technical Review 246

Technical Review Architecture Software Review Demand 246

Startup Professionals Musings

APRIL 28, 2021

I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment. Look for validation from your mainstream customers. Growing too fast kills many new ventures, due to staffing costs, inventory, and funding delays.

Technical Review 329

Technical Review Merger Software Review Acquisition 329

Startup Professionals Musings

JANUARY 22, 2023

The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers. Even consumers here in the US are demanding a more responsible approach. Manage risk – don’t just “move fast and break things.”

Global 345

Global Silicon Valley Marketing Indonesia 345

ReadWriteStart

APRIL 14, 2023

In 2022, we saw unusual supply constraints — lingering post-coronavirus supply chain issues, a persistently tight labor market , and Russia’s invasion of Ukraine — converge with high demand — partly fueled by heavy government stimulus during the first two years of the pandemic.

Technical Review 148

Technical Review Ukraine Software Review ChatGPT 148

Startup Professionals Musings

FEBRUARY 8, 2021

Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost. Unfortunately, I see too many new entrepreneurs who let their passion for a new idea or invention blind them to the stark realities of customer need, opportunity size, or pricing and cost implications.

Advisory Board 356

Advisory Board Bandwidth Cofounder Technical Review 356

YoungUpstarts

OCTOBER 8, 2020

The custom inflatable industry has been growing at an exponential rate in recent years. Its success can be attributed to the high public demand to make every party and event truly memorable. They are quickly becoming the leaders in the Australian market because of their commitment to making each creation a one-off custom piece.

Customer 222

Customer Australia Software Review Portfolio 222

Startup Professionals Musings

MAY 1, 2020

The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers. Even consumers here in the US are demanding a more responsible approach. Manage risk – don’t just “move fast and break things.”

Silicon Valley 312

Silicon Valley Indonesia Venture Capital Global 312

Startup Professionals Musings

AUGUST 23, 2020

Self-demanding beats boss-demanding every time. Focus on the customer for repeated success. The basic premise is that if a startup expects paying customers to use its products or services, it should expect no less from its own team. Sometimes repeat entrepreneurs forget that they must acquire new customers.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the solution. Nail the go-to-market strategy.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

View from Seed

NOVEMBER 18, 2020

Airbnb’s availability as a marketplace and its aggregation of substantial consumer demand has actually meant certain forms of lodging have been newly built or converted into rooms for the primary purpose of listing on Airbnb. Additionally Airbnb charges both sides of the booking (guest & host) a separate service fee.

North America 401

North America IPO Prospectus Europe 401

Startup Professionals Musings

JUNE 26, 2020

A business plan is the outward facing definition of the business you hope to drive with your hardware solution, with a hardware overview in the intro to highlight customer value and competitiveness. Use non-fuzzy terms to quantify customer value. Provide specifics on the customer business model.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

Startup Professionals Musings

FEBRUARY 24, 2020

Many entrepreneurs I have mentored make big mistakes in this area, by hiring low-cost friends and family, with minimal skills or training, and expecting them to have the same work ethic , passion, and business knowledge as the founder. Direct customer-facing non-technical roles should be the last ones outsourced.

Technical Review 308

Technical Review Due Diligence Startup Employee 308

The Startup Magazine

MARCH 9, 2025

It provides an avenue to leverage expert SEO expertise without the associated cost and complexity of in-house operations. This strengthens customer relationships and drives long-term growth. These providers handle technical aspects, allowing businesses to focus on customer relationships and growth strategies.

SEO 85

SEO Search Engineer Retention 85

The Startup Magazine

NOVEMBER 8, 2022

Customer care is one of the most critical steps in starting a business. It’s a crucial part of every business for you to build strong relationships with your customers. According to a survey report provided by ArenaCX, 56% of customers stated that they are willing to pay a premium for a product to get excellent customer care.

Customer 158

Customer Social Media Software Review Startup 158

The Startup Magazine

FEBRUARY 7, 2025

Acting as the bridge between shippers and carriers, freight brokers ensure that goods are moved efficiently and cost-effectively. It’s not just about moving goods but also about optimizing routes and providing exceptional customer service.

Developer 127

Developer Technical Review Software Review Reputation 127

Both Sides of the Table

NOVEMBER 14, 2017

There is nothing more pure than building a product, putting it out in the world and seeing paying customers using your product and in some cases loving it. MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. How long does it take me to pay back my original customer acquisition costs?

Operations 286

Operations New York City Technical Review Startup 286

Startup Professionals Musings

DECEMBER 27, 2019

My simple answer is that they keep their focus on customers, rather than technology. Jeff Bezos has kept his focus on customers. In my view, every startup in today’s world would do well to adopt a management system with the same key objectives: Start with a customer-obsessed business model.

Global 308

Global Marketing Technical Review Agile 308

The Startup Magazine

MAY 3, 2024

As a versatile ERP system, Microsoft Dynamics caters to a variety of business needs, supporting everything from sales management to customer interactions. Its modular nature allows for customized setups that can grow with your business, providing an infrastructure that adapts to both current needs and future expansion.

Early Stage 158

Early Stage Technical Review Software Review Operations 158

Startup Professionals Musings

JUNE 12, 2022

Customers today demand products and services personalized or tailored to local needs with embedded quality of life services. Scaling is done first by customer alliances through social media, and later by distributed joint ventures and coopetition. The cost of entrepreneur entry is at an all-time low.

Artificial Inteligence 315

Artificial Inteligence Offshore Merger Technical Review 315

The Startup Magazine

DECEMBER 29, 2022

These include high costs, competition, and shifting regulations. Revenue management solutions are used by businesses to maximize profits by monitoring demand for their products or services and adjusting prices accordingly. On the one hand, cross-selling is when a customer buys something that they didn’t originally intend to buy.

Management 158

Management Software Review Revenue Cost 158

Startup Professionals Musings

MAY 25, 2020

The resulting entity will gain complementary skills, economies of scale, new customer sets, and hopefully a larger growth opportunity. According to National Venture Capital Association statistics , only 16% of venture-backed startups recently used this alternative, due to high liability concerns, demanding shareholders, and high costs.

Exit Strategy 376

Exit Strategy Startup Private Equity Equity 376

Startup Professionals Musings

FEBRUARY 9, 2022

In other words, how do you recognize the challenges that really need your leadership , versus the less critical demands that seem to always bubble to the top? Customer feedback in the form of online reviews and poor customer service is often rationalized as unreasonable expectations or one or two crazy individuals.

Leadership 301

Leadership Founder Salary Demand 301

Steve Blank

NOVEMBER 2, 2021

INTERACTIVE CHART “ Average Cost of Hard Drive Storage per Gigabyte 1980-2014” Human Progress. Put yourself in the shoes of Mark Liu, chairman of TSMC: Do you view China as more of a competitor or customer – and why? The goal is to meet its local chip demand by 2030. Moore’s Law & the Global Semiconductor Industry.

Technical Review 407

Technical Review Taiwan Technology Silicon Valley 407

YoungUpstarts

NOVEMBER 2, 2020

by Howard Tiersky, author of “ Wining Digital Customers: The Antidote to Irrelevance “. At one time these brands exceeded customers’ needs and stood for something they cared about. But today’s customers are different. Digital is no longer just a ‘need’ for customers. REASON 1: You Need to Remain Relevant to the Customer.

Valuation 264

Valuation Technical Review Revenue Operations 264

VC Cafe

MARCH 16, 2025

In addition to search, shopping and customer support are changing too. Conversational commerce is rising with AI chatbots and voice assistants becoming integral to customer journeys. High User Acquisition Costs: The landscape for acquiring new users has become increasingly complex and expensive.

Technical Review 78

Technical Review B2C Generative AI IPO 78

The Startup Magazine

JANUARY 24, 2024

Customer engagement strategies encourage businesses to provide a positive experience that will encourage buyers to return by focusing on how you interact with your customers online and offline. Building an effective customer engagement strategy can create a substantial impact on your business.

Customer 148

Customer Social Media Retention Software Review 148

Rembrandt Communications

SEPTEMBER 1, 2022

Your phone rings, online purchases flood your inbox, and you hire more people to keep up with the growing demand. But the good news is that you can start selling more and reach your year-end goals cost-effectively… even if you are in a nightmare situation right now due to COVID-19 repercussions, employee turnover, overdue bills, and more.

Sales 246

Sales Social Media Analytics Public Relations 246

The Startup Magazine

FEBRUARY 17, 2025

The mobile IV therapy sector presents a unique chance for entrepreneurs to meet increasing consumer demand for convenient healthcare solutions. Managing Costs and Pricing for Profitability Financial management is a cornerstone of any successful business, and mobile IV therapy ventures are no exception.

Mobile 91

Mobile United States Technical Review Business Model 91

The Startup Magazine

MAY 1, 2023

In today’s fast-paced world, businesses with vehicle fleets are constantly seeking ways to improve efficiency and productivity while reducing costs. Properly managing a fleet can not only help businesses reduce costs but also improve customer satisfaction, increase employee safety, and promote environmental sustainability.

Technical Review 157

Technical Review Artificial Inteligence Management Software Review 157

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Your customers will no longer be your customers. Cut costs to stay alive for 24 months. Your customers start buying. Payroll costs/other variable costs. The ripple effects won’t be obvious at first. Unemployment %.

South Korea 334

South Korea Salary Business Model China 334

Startup Professionals Musings

JULY 1, 2020

Of course, most of you expect that raising money will be difficult, as well as staving off competitors, and handling that occasional toxic customer. What you don’t expect is to feel out of control , or to always be fighting the many demands for your time. Cheaper in the beginning can be more costly in the long run.

Entrepreneur 306

Entrepreneur Due Diligence Startup Acquisition 306

TechEmpower

NOVEMBER 13, 2023

An empty textbox, demanding to be filled with a concise, compelling summary to impress potential employers is daunting. So instead, we fill it with a completely custom blurb, written just for him: Hello! That blurb, and the following examples, were all generated from GPT in only a few seconds, at a cost of less than one penny.

Generative AI 297

Generative AI Artificial Inteligence Houston America 297

Startup Professionals Musings

MAY 19, 2023

Self-demanding beats boss-demanding every time. Focus on the customer for repeated success. The basic premise is that if a startup expects paying customers to use its products or services, it should expect no less from its own team. Sometimes repeat entrepreneurs forget that they must acquire new customers.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

Startup Professionals Musings

DECEMBER 24, 2018

Based on my experience, creating a new business is at least as difficult as creating an innovative solution, and it takes a knowledge of finance, operations, customers and the marketplace. Every potentially successful product has competition, or an alternative, or customers with no interest in change.

Angel Investor 249

Angel Investor Cofounder Finance Operations 249

The Startup Magazine

MAY 30, 2022

So, what can you do to keep prices down while still meeting your client’s demands? These things don’t cost much. When customers receive a product in an awful state or broken, they ask for a refund and leave a negative review. The right packaging for your products can prevent higher shipping costs.

Small Business 166

Small Business Software Review Technical Review Early Stage 166

The Startup Magazine

JUNE 5, 2024

However, amidst increasing competition and fluctuating market conditions, maximizing profit margins in this self-storage business sector demands a strategic approach. Optimize Facility Operations Efficient facility operations are crucial for a successful self-storage business, directly influencing customer satisfaction and profitability.

Security 147

Security Technical Review Operations Revenue 147

Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Great businesses begin with a customer problem that has a big and monetizable pain point. Nail the solution.

Startup 245

Startup Angel Investor Technical Review Incubator 245