The Startup Magazine

JANUARY 5, 2025

Whether you are trying to increase your revenue or improve your customer satisfaction, taking your business to the next level means looking at all of your strategic opportunities. It could also be improving customer retention. This can only lead to more customers. This is what is actually going to make you achieve it.

Software Review 147

Software Review Technical Review Retention Campaign 147

Startup Professionals Musings

NOVEMBER 28, 2020

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Building a minimum viable product, with customer validation. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

The Startup Magazine

JANUARY 21, 2025

The rise of electric and hybrid vehicles addresses these issues, reducing operating costs and appealing to those who value sustainability. Potential owners should thoroughly research different vehicle models, including their performance, reliability, and costs.

Technical Review 143

Technical Review Government Operations Demand 143

Startup Professionals Musings

MARCH 6, 2021

I’m sure all you accountants will agree that fixing the mistakes listed here does not require rocket science, but I’ve seen them so often that to be forewarned is to be forearmed: Failing to factor in fixed costs when pricing. Always use a break-even analysis to measure what volume and price are required to offset total costs.

Technical Review 379

Technical Review Finance Startup Salary 379

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

Startup Professionals Musings

OCTOBER 30, 2020

I suggest looking for painful problems to solve, rather than “easier to use” or “nice to have” solutions, for customers with money. Customers line up to believe and buy from people who are viewed as leaders or experts relative to a specific solution. Collaborate with customers to tune your solution.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

MAY 26, 2023

Often, despite your passion and expectation, customers don’t immediately see the value and need that you see, and you have no idea why the initiative is stuck , and what could be the real customer issue or fix. Customers won’t buy what they can’t find or don’t understand. Customers need supporting approvals to fully benefit.

Product 354

Product Technical Review Artificial Inteligence Dividend 354

YoungUpstarts

OCTOBER 8, 2020

The custom inflatable industry has been growing at an exponential rate in recent years. They’re also a perfect example of opportunistic marketing : many companies are now reaching out to viable businesses to create custom inflatables to promote their brands. This company really can make any custom inflatable.

Customer 222

Customer Australia Software Review Portfolio 222

Startup Professionals Musings

FEBRUARY 8, 2020

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. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Customers like leaders, not followers.

Management 322

Management Entrepreneur Forecast Stock Options 322

Startup Professionals Musings

OCTOBER 26, 2022

Business agility is defined as the ability to adapt rapidly and cost efficiently. Today’s customers are much more proactive in going online for the latest information, rather than simply reacting to the “push” messages that businesses traditionally use to drive commerce. Foster a performance culture, and avoid analysis paralysis.

Agile 379

Agile Technical Review Leadership Social Media 379

Startup Professionals Musings

AUGUST 23, 2020

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. Recurring revenue is the foundation for growth. Sometimes repeat entrepreneurs forget that they must acquire new customers.

Technical Review 324

Technical Review Entrepreneur Due Diligence Business Model 324

Startup Professionals Musings

NOVEMBER 2, 2022

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. Investors hate technology solutions looking for a problem, due to the high risk of no customers. Customers like leaders, not followers.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

AUGUST 17, 2020

Don’t forget to consider customer alternatives, like trains versus airplanes. Even good social causes need to bring in revenue to continue their worthy efforts. New smartphone apps cost only a few thousand, if you have the programming skills. Check for intellectual property barriers in your way.

Technical Review 434

Technical Review Due Diligence Intellectual Property Internet 434

Startup Professionals Musings

FEBRUARY 8, 2023

Most business professionals I know have been conditioned to think of inflation as highly negative, driving up their costs, and reducing customer buying. I see it as an opportunity to find new ways to attract customers , make long-needed changes to improve productivity, and lower your own costs of doing business.

Technical Review 239

Technical Review Revenue Social Media Cost 239

Steve Blank

MAY 17, 2022

And they figure out how they could digitally enable their business – supply chain, customer interactions, etc. They explore and analyze data using machine learning platforms to create models about customers, processes, risks, or whatever they’re trying to predict. Making business smarter : Customer Support. What’s Different?

Artificial Inteligence 425

Artificial Inteligence Software Review Algorithm Technical Review 425

Startup Professionals Musings

SEPTEMBER 17, 2021

Yet in this age when customers have a thousand alternatives, and are overwhelmed by a multitude of messages, sales efforts can make or break a business. In fact, I believe modern entrepreneurs need to be super sales people, in the most positive sense, to their team as well as customers. You and the customer have to be on the same side.

Sales 348

Sales Startup Bootstrapping Technical Review 348

The Startup Magazine

DECEMBER 29, 2022

These include high costs, competition, and shifting regulations. According to IBIS World, the revenues generated by the hotels and motels industry in 2022 have reached $258.1 Leveraging Revenue Management Solutions. Revenue management is the practice of managing the flow of revenue in and out of a business.

Management 158

Management Software Review Revenue Cost 158

The Startup Magazine

JULY 8, 2022

These days, many businesses are adopting the freemium model as their primary strategy for customer acquisition, and it’s easy to see why. The idea behind the strategy is to provide the target audience with some basic services or features at zero cost to attract prospects. Capability of handling a large customer base. Conclusion.

Startup 158

Startup Technical Support Software Developers Software Development 158

Startup Professionals Musings

FEBRUARY 1, 2020

Business agility is defined as the ability to adapt rapidly and cost efficiently. Today’s customers are much more proactive in going online for the latest information, rather than simply reacting to the “push” messages that businesses traditionally use to drive commerce. Foster a performance culture, and avoid analysis paralysis.

Agile 315

Agile Technical Review Leadership Social Media 315

The Startup Magazine

FEBRUARY 17, 2025

Managing Costs and Pricing for Profitability Financial management is a cornerstone of any successful business, and mobile IV therapy ventures are no exception. Start by conducting a thorough analysis of your start-up costs, ongoing expenses, and potential revenue streams.

Mobile 90

Mobile United States Technical Review Business Model 90

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

TechEmpower

JULY 31, 2023

How does it meet customers’ needs? One way to approach that last question is to use this simple model: Customer Acquisition Cost (CAC) How will your business reach prospects? And how much will it cost to win them? Customer Lifetime Value (CLV) How much money will your business generate from each converted customer?

Metrics 260

Metrics Startup Retention Acquisition 260

Startup Professionals Musings

SEPTEMBER 8, 2021

A few years ago, Safeway and other big retailers struggled with the growing problem of plastic bag cost and pollution, before realizing they could actually sell reusable cloth bags to customers, as a win to all. A recurring expense was turned into a recurring revenue. Openly acknowledge current challenges in your business.

Social Media 330

Social Media Entrepreneur Internet Revenue 330

Duct Tape Marketing

SEPTEMBER 4, 2024

He shares his journey from struggling home service contractor to helping thousands of contractors increase their revenue. Initially, Joe believed that cutting costs and lowering prices would build client loyalty, but he learned that true service isn’t about slashing prices. 03:28): He said, no, Joe, I charged $9,857.

Cloud 88

Cloud Bankruptcy Widget Kansas City 88

Startup Professionals Musings

SEPTEMBER 16, 2023

But for founders who do their homework, the cost of entry is lower and the opportunity is higher than ever. Building a minimum viable product, with customer validation. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

The Startup Magazine

JUNE 5, 2024

Optimize Facility Operations Efficient facility operations are crucial for a successful self-storage business, directly influencing customer satisfaction and profitability. Streamlining processes and incorporating cost-saving measures are essential components of this strategy. This percentage jumps dramatically with repeated issues.

Security 147

Security Technical Review Operations Revenue 147

The Startup Magazine

MARCH 19, 2025

based digital marketing agency serving over 70,000 customers, offers relief through its integrated approach to online marketing. We increased our revenue by 20% last year. Our call volume has increased, and the number of leads leading to new customers has increased as well.” Hibu, a U.S.-based

Rhode Island 84

Rhode Island Ohio Web Development Social Media 84

The Startup Magazine

MAY 30, 2022

This, on the other hand, can severely cut into your revenue. 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. Image Source. Ship in Bulk Amounts.

Small Business 166

Small Business Software Review Technical Review Early Stage 166

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

Steve Blank

JUNE 27, 2017

Its employees and investors don’t depend on an existing revenue stream. If they select a business model that targets industry incumbents, they don’t have to worry about upsetting existing customers, partners or distribution channels. Every Airbnb rental is a lost night of revenue for hotels that hate it.

Startup 306

Startup New York City Valuation Distribution 306

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

Startup Professionals Musings

JUNE 21, 2020

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Long-term stability requires revenue growth and profit. High customer loyalty and high team passion.

Revenue 434

Revenue Valuation Viral Retention 434

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. The norm for entrepreneurs is to be optimistic on revenue projections, and miserly on funding needs. Cheaper in the beginning can be more costly in the long run.

Entrepreneur 306

Entrepreneur Due Diligence Startup Acquisition 306

VC Cafe

FEBRUARY 6, 2025

AI-Enabled Customer Support Platform : Develop a platform that can handle a high percentage of customer support workloads, allowing companies to optimise their workforce for higher-value tasks. Datacenters: There’s a need for more data centers that can be built faster and at a lower cost to support AI infrastructure.

Software Review 78

Software Review Technical Review Startup Software Engineering 78

ReadWriteStart

DECEMBER 20, 2022

While employees are often inspired by success stories and case studies of triumphant innovation tales of large companies, the cost of not innovating is often overlooked. Rental subscriptions and late fees were the main drivers of revenue for the organization. Blockbuster missed multiple opportunities to innovate.

Software Review 190

Software Review Application Development Technical Review Bankruptcy 190

Startup Professionals Musings

MAY 19, 2023

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. Recurring revenue is the foundation for growth. Sometimes repeat entrepreneurs forget that they must acquire new customers.

Technical Review 229

Technical Review Due Diligence Business Model Demand 229

The Startup Magazine

JUNE 29, 2023

In today’s competitive market, having access to accurate and relevant information about potential customers is crucial. Introduction: The Significance of Lead Identification Software In the ever-evolving digital landscape, businesses need to stay ahead by identifying and engaging potential customers effectively.

Lead Generation 146

Lead Generation Software Review Software Technical Review 146