Startup Professionals Musings

AUGUST 19, 2020

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Both Sides of the Table

NOVEMBER 14, 2017

MakeSpace (as he named it) would help you get your excess goods into low-cost warehouses. As companies get this initial customer feedback on their product they start to have to ask harder questions about unit economics: How much does it cost us to acquire a new customer? and we were met with weak demand, slow growth and high costs.

Operations 286

Operations New York City Technical Review Startup 286

Steve Blank

APRIL 23, 2014

buy out an entire company for its revenue and profits. These include the product itself, the customer, the distribution channel, revenue model, how to get, keep and grow customers, resources and activities needed to build the business and costs.). If they decide to buy, large companies can: license/acquire intellectual property.

Acquisition 334

Acquisition Intellectual Property Silicon Valley Startup 334

ReadWriteStart

JUNE 8, 2021

After launching a new startup, you’ll be interested in growing the business as quickly as possible, thus generating more revenue, securing more stability, and improving your reputation as well. What Makes Employees Productive in a New Startup? So what is it that makes employees productive in a new startup? Limited budgets.

Employee 127

Employee Product Startup Software Review 127

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 5, 2014

” How many times have you heard someone agree that “it would be great if someone did X,” but when show them someone did do X, but it costs $39.99, they don’t buy? Consider the consequences of these monthly pricing possibilities: $0/mo means your goal is to maximize growth (trust and usage) instead of revenue.

Bootstrapping 294

Bootstrapping Technical Review B2C Sales Cycle 294

Steve Blank

JULY 30, 2014

their burn rate (the amount of money they’re spending monthly minus any revenue coming in) and. If you’re a founder, there’s a constant gnawing fear in the pit of your stomach that it will all end badly; running out of money, having to fire all your employees and failing publicly.

Customer Development 335

Customer Development Design Developer Customer 335

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

Startup Professionals Musings

MAY 14, 2023

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

Steve Blank

OCTOBER 24, 2017

— Unremarked and unheralded, the balance of power between startup CEOs and their investors has radically changed: IPOs/M&A without a profit (or at times revenue) have become the norm. Typically, this caliber of bankers wouldn’t talk to you unless your company had five profitable quarters of increasing revenue. The founders.

Founder 281

Founder Technical Review CTO Hire IPO 281

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 4, 2017

By which they mean: Without stupid rules that assume employees are dumb or evil, without everything taking ten times longer than it should, without wall-to-wall meetings, without resorting to hiring anything less than the top 1% of the talent pool, and so on. Why is this impossible when you have 500 employees? From Brittle to Robust.

Government 223

Government Startup Cofounder Technical Support 223

Steve Blank

APRIL 10, 2019

VC’s have just changed the ~50-year old social contract with startup employees. For most startup employee’s startup stock options are now a bad deal. As Venture Capital emerged as an industry in the mid 1970’s, investors in venture-funded startups began to give stock options to all their employees. Here’s why.

Stock Options 335

Stock Options Stock Vesting Common Stock 335

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

The Startup Magazine

FEBRUARY 3, 2022

When these operations are efficient, companies can meet customer demand quickly and maintain stable costs. The fastest way to drastically improve efficiency and productivity at your facility is to make sure your employees work with top-notch equipment. Provide Thorough Employee Training. Improve Employee Comfort.

Software Review 166

Software Review Product Technical Review Operations 166

A Smart Bear: Startups and Marketing for Geeks

NOVEMBER 7, 2017

Examples: large bidders tripled the cost per click, Google’s SEO algorithm changed, the event organizers changed the rules or stopped doing the event, the link-sharing site became irrelevant, the hot blog lost its traffic, the magazine running the ads finally failed. A key employee left the company, which caused the company to fail.

Software Review 294

Software Review Channel Revenue Non-Compete 294

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. 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. The cost of social media done well is low. Marty Zwilling

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

YoungUpstarts

FEBRUARY 12, 2020

These range from budgets being significantly smaller, profit margins being squeezed, and employees juggling various roles to meet the needs of the company. Consider investing in these four software categories to improve business performance and bring in more revenue. Marketing automation software.

Small Business 173

Small Business Agile Software Software Developers 173

Startup Professionals Musings

SEPTEMBER 29, 2018

Things will cost more than you expect. Deferred payments start with stretching the payables period but, more importantly, include giving employee equity in lieu of a higher salaries and negotiating vendor deferred payments out of future revenues. Cash flow out equates to burn rate, and the runway depends on your reserves.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

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 Revenue Internet 330

Steve Blank

SEPTEMBER 5, 2018

With fewer than 10 employees but almost $2-billion dollars in the bank, they plan on jumping right in. Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. But NewTV doesn’t plan on testing these hypotheses.

Lean 335

Lean Burn Rate Startup IPO 335

YoungUpstarts

OCTOBER 13, 2020

The reduction of the business trips of their employees goes in that direction. All employees can decide where to work and where to live. In this way, we can reduce the time spent in commuting, reduce the environmental impact of our activity, optimize living costs and improve our work-life balance.

Technical Review 278

Technical Review United States China Cofounder 278

The Startup Magazine

MAY 31, 2022

Any operation that involves an employee, like recruitment, payroll management, or even offboarding, can be included in these HR functions or duties. . On the other hand, HR agencies offer cost-effective, standardized services, while consultants offer customized HR solutions (best for small companies). 2 Managing Performance.

United States 158

United States Salary UAE Hiring 158

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. Sharing the stories of organizational failure due to a lack of enterprise innovation can create a sense of urgency in employees and make them understand the stakes.

Software Review 190

Software Review Application Development Technical Review Bankruptcy 190

Steve Blank

JUNE 27, 2017

Its employees and investors don’t depend on an existing revenue stream. Every Airbnb rental is a lost night of revenue for hotels that hate it. After it was discovered, legal penalties cost Volkswagen $18 billion and several indicted executives.). Initially, a startup has no business model and no market share to defend.

Startup 306

Startup New York City Valuation Distribution 306

View from Seed

JUNE 13, 2019

revenue business still growing >50% YoY? Chewy now has over 10 million customers, repeat purchases by existing customers account for approximately 90% of their revenue today. This is analogous to SaaS companies like Slack or Dropbox, which have strong revenue growth just as their existing users consumer more of their service.

Leadership 214

Leadership .Net Revenue Acquisition 214

Duct Tape Marketing

OCTOBER 28, 2024

Key Roles & Costs: CMO, Marketing Director, or VP of Marketing Monthly Cost : $15,363 - $29,732 Pros : You get a seasoned marketing expert who’s fully dedicated to your business. Cons : The cost is high, and for many small businesses, it’s just not practical. Cons : Costs add up quickly.

Small Business 80

Small Business Hiring Marketing Jordan 80

The Startup Magazine

MARCH 19, 2025

We increased our revenue by 20% last year. Back then, there was no reliable way to measure ROI, yet the costs kept climbing year after year.” Many clients express initial skepticism but find that the comprehensive support and expertise provided lead to substantial increases in revenue, staff, and resources.

Rhode Island 86

Rhode Island Ohio Web Development Social Media 86

Duct Tape Marketing

JUNE 7, 2023

How Employee Experience Shapes Brand Perception written by John Jantsch read more at Duct Tape Marketing Marketing Podcast with Tiffani Bova In this episode of the Duct Tape Marketing Podcast , I interview Tiffani Bova. Key Takeaway: Prioritizing the employee experience alongside customer experience drives business success.

Employee 90

Employee Technical Review Advisory Board Sales 90

ReadWriteStart

DECEMBER 15, 2022

Client work serves as an additional source of revenue to form new startups. This outside work provides a valuable source of revenue able to be used to fund operations. Over time, this revenue reduces the dependency on outside venture capital sources. Keep Employees Engaged When on The Bench.

Incubator 188

Incubator Startup Software Developers Software Development 188

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. Both have worked. Traditionally, it was simple.

Revenue 434

Revenue Valuation Viral Retention 434

YoungUpstarts

JULY 16, 2019

Information and communications technology include 4,600 companies and 45,000 employees. This generated $16 billion in annual revenues in 2015. Tech sector employees earned on average approximately $67,000 per the Brookfield Institute report. Much of this was attributed to the low cost of living. billion in revenue.

Canada 167

Canada Hiring Artificial Inteligence Software Developers 167

ReadWriteStart

NOVEMBER 20, 2023

Review Your Software Subscriptions “Reviewing your software subscriptions can be a quick way to reduce costs. Remove any redundant software that adds to your costs without providing tangible benefits. Look for discounts and group rates to reduce costs. ” — Carl Jenson, Founder of Compare Bank.

Software Review 138

Software Review Technical Review Retention Cost 138

The Startup Magazine

JUNE 4, 2024

Revenue Growth: Achieve a 25% increase in annual revenue by entering new markets and boosting sales efforts. Budgeting: Create a detailed budget that outlines expected revenues and expenses. Diversify Income Streams: Explore new revenue streams to reduce dependency on a single source.

Technical Review 146

Technical Review Agile Audience Employee 146

The Startup Magazine

MARCH 6, 2024

Research and Development Costs: Heavily dependent on novelty and technological advances, the electronic industry has to bear the hefty costs of research and development. That is why consumer surveys, interviews, discussions, and opinions matter the most, and so R&D costs are sky-high when talking about this industry.

Operations 158

Operations Management Software Review Technical Review 158

Duct Tape Marketing

JANUARY 4, 2024

Our deep dive into the world of email newsletters unveils tactical strategies for transforming subscribers into revenue-generating assets. Key Takeaways: Russell Henneberry provides the tactical strategies to transform subscribers into revenue. Russell also consults and trains employees of companies through his digital advisor program.

Revenue 96

Revenue Advertising Email ChatGPT 96

Hearpreneur

JANUARY 1, 2023

During such times a firm should take measures that have historically been thought to safeguard it, such as cutting costs, lowering goals, and keeping an eye on cash flow to weather the impending storm. If possible, settle debts before being subject to inflationary costs for your business. Thanks to Abdul Saboor, The Stock Dork ! #2-

Entrepreneur 122

Entrepreneur Software Review Technical Review Revenue 122

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. The surgery doesn't cost hardly anything.

Cloud 87

Cloud Bankruptcy Widget Kansas City 87

Startup Professionals Musings

FEBRUARY 17, 2021

It wasn’t so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. Almost anyone can start a company today on a shoestring budget, following these cost-cutting recommendations: Establish a solid legal structure for your business.

Cost 405

Cost Entrepreneur Burn Rate Social Media 405