The Startup Magazine

MARCH 6, 2024

Strategic operations management in the electronic industry is not easy. Catering to a diversified niche at every level is tough, mainly because each product and service shall require some type of differentiation in the typical operations management within the manufacturing plants.

Operations 158

Operations Management Software Review Technical Review 158

Both Sides of the Table

SEPTEMBER 28, 2014

So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. But those of us with longer memories remember that the revenue line can move south very quickly when the market overall turns south. Net burn is the amount of money you are losing per month.

Burn Rate 383

Burn Rate Balance Sheet .Net Valuation 383

Startup Professionals Musings

APRIL 4, 2022

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity. Set expectations accordingly.

Intellectual Property 261

Intellectual Property Technical Review Incubator Bootstrapping 261

The Startup Magazine

SEPTEMBER 30, 2020

As prices for hardware and sensors continue to drop, organizations can now cost-effectively add intelligence and connectivity to their industrial infrastructure. Oil and gas companies have a pain point: the need to remotely manage their sites more cost-effectively , reduce their carbon footprint and improve the safety of their workers.

Revenue 179

Revenue Technical Review Cost Operations 179

Startup Professionals Musings

AUGUST 19, 2020

Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Both Sides of the Table

APRIL 20, 2017

So how did a company that provides storage grow so fast (we’ll exit 2017 with 10’s of millions in recurring revenue), why is it so defensible and is it really a tech startup? MakeSpace doesn’t need large numbers of local storage facilities near your house, so it has a greatly reduced cost structure for its facilities.

Technical Review 268

Technical Review Los Angeles Software Review Artificial Inteligence 268

The Startup Magazine

NOVEMBER 9, 2021

Merchants looking to reduce the impact chargebacks have on their business can benefit from reviewing their management of ‘friendly fraud.’ Tips for Managing Friendly Fraud Chargebacks. While the underlying reasons may differ, friendly fraud chargebacks should be opposed via representment in order to recover the revenue at stake.

Management 197

Management Software Review Warrant Revenue 197

The Startup Magazine

AUGUST 12, 2024

Part of the reason this value is taking longer than expected to emerge is due to operating costs. Moreover, these costs increase exponentially with the size of the data sets that algorithms process. The findings are based on a survey of 300 data management professionals from U.S.

Technical Review 167

Technical Review Cost Artificial Inteligence Analytics 167

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. 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.

Intellectual Property 404

Intellectual Property Startup Angel Groups Social Media 404

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

Startup Professionals Musings

JUNE 30, 2019

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. Nevertheless, it’s an option that doesn’t cost you equity. Set expectations accordingly.

Intellectual Property 219

Intellectual Property Technical Review Startup Incubator 219

Startup Professionals Musings

JUNE 26, 2020

For example, “We just patented a new battery technology that will cut your smartphone charge time and cost in half.” The most common business entity used for startups is a Limited Liability Corporation (LLC), which is the cheapest and simplest to manage. They want to see revenue to share in the return.

Business Plan 423

Business Plan Product Intellectual Property Elevator Pitch 423

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

You can review all the specifics of this approach in the classic book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. These areas include market, process, and team transitions.

Angel Investor 359

Angel Investor Technical Review Incubator Business Model 359

Startup Professionals Musings

OCTOBER 30, 2020

You need a stable customer base with an automatically renewing revenue stream, such as the subscription model. This reduces the cost of customer acquisition, allows easy upgrades for service and new features, and improves customer loyalty in the face of new competitors in the market. Minimize one-time sales in your business model.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

OCTOBER 26, 2022

Business agility is defined as the ability to adapt rapidly and cost efficiently. Managing an agile business means managing change, not solidifying a status quo. Entrepreneurs that are not listening, not engaging, and not changing are destined to be left behind even in the best of times.

Agile 379

Agile Technical Review Leadership Social Media 379

Startup Professionals Musings

NOVEMBER 2, 2022

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. The challenge is to avoid the bad risks, while actively seeking and managing the smart risks. Risk is more manageable with subscriptions and even freemium pricing.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

NOVEMBER 23, 2020

This is a trap of the past to be avoided at all costs. Experiments on today’s revenue engine necessarily focus on short-term financial goals. These three boxes include managing the present, escaping the traps of the past, and generating breakthrough ideas. Sponsor experiments and measure like new investments.

Framework 402

Framework Engineer Leadership Revenue 402

Startup Professionals Musings

SEPTEMBER 29, 2018

Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day.

Burn Rate 223

Burn Rate Hockey Stick Startup Salary 223

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Your revenue plans are no longer valid. What’s your monthly cash burn at your new low revenue level? Cut costs to stay alive for 24 months. Payroll costs/other variable costs. The ripple effects won’t be obvious at first.

South Korea 334

South Korea Salary Business Model China 334

Startup Professionals Musings

MAY 25, 2020

Investors know that the fun of a startup turns into managing production processes, sales processes, and personnel in a few years. 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 1, 2020

Business agility is defined as the ability to adapt rapidly and cost efficiently. Managing an agile business means managing change, not solidifying a status quo. Entrepreneurs that are not listening, not engaging, and not changing are destined to be left behind even in the best of times.

Agile 315

Agile Technical Review Leadership Social Media 315

The Startup Magazine

JUNE 5, 2024

Implementing state-of-the-art management software to streamline administrative tasks like rental agreements, billing, and inventory management maximizes space utilization and minimizes human error. Streamlining processes and incorporating cost-saving measures are essential components of this strategy.

Security 146

Security Operations Technical Review Revenue 146

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. It also provides critical domain experience in a variety of business sectors.

Incubator 188

Incubator Startup Software Developers Software Development 188

Steve Blank

SEPTEMBER 5, 2018

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. Massive liquidity awaited the first movers to the IPO’s, and that’s how they managed their portfolios. The result? Carpe Diem – Seize the Cash.

Lean 335

Lean Burn Rate Startup IPO 335

VC Cafe

MARCH 1, 2024

Personal Finance Cross-account visibility and management – Today’s AI products can analyze and move money between accounts – as agents improve, they will make trades across accounts. AI – tax planning or wealth management augmented and in some cases replaced with AI. Complex transactions move from services ?

Artificial Inteligence 176

Artificial Inteligence Technical Review Software Review Generative AI 176

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.

Intellectual Property 261

Intellectual Property Entrepreneur Angel Groups Social Media 261

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

TechEmpower

JULY 31, 2023

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? Apply costs to each channel. R : Revenue - Can you monetize any of this behavior? And most importantly, how does it make money?

Metrics 260

Metrics Startup Retention Acquisition 260

The Startup Magazine

MARCH 8, 2024

Poorly managed debt can lead to financial strain, decreased creditworthiness, and even bankruptcy. When considering debt options, comparing interest rates, repayment terms, and fees from multiple lenders is crucial to finding the most cost-effective solution.

Finance 147

Finance Technical Review Metrics .Net 147

YoungUpstarts

AUGUST 17, 2020

an entrepreneur should have about 6 months worth of fixed costs on hand at the beginning. Additionally, take time to plan your costs and don’t underestimate expenses – they will likely increase as your business grows. What kinds of habits should an entrepreneur cultivate so that financial management is done in an ongoing manner?

Finance 217

Finance Forecast Balance Sheet Angel Investor 217

Startup Professionals Musings

JULY 1, 2020

The list of things to manage seems to grow endlessly, including financial crises, personnel, investors, and customers, with each going in different directions, and threatening to be out of control. Managing cash is an overwhelming burden, in good times and bad. Cheaper in the beginning can be more costly in the long run.

Entrepreneur 306

Entrepreneur Due Diligence Startup Acquisition 306

Startup Professionals Musings

MAY 15, 2019

You can review all the specifics of this approach in the classic book by Nathan Furr and Paul Ahlstrom, appropriately titled “ Nail It then Scale It: The Entrepreneur's Guide to Creating and Managing Breakthrough Innovation ,” but I will net it out here. These areas include market, process, and team transitions.

Startup 245

Startup Angel Investor Technical Review Incubator 245

ReadWriteStart

JUNE 19, 2021

IoT brings organizations a whole new way of working wherein it becomes easier to control, manage, and monitor remotely located hardware. Also, it can open up numerous business models and revenue channels that were earlier inaccessible for want of a suitable hardware and software solution. Source: Mckinsey. IoT’s impact on healthcare.

Technical Review 215

Technical Review Software Review Cloud Vertical 215

Steve Blank

APRIL 23, 2018

The entrepreneur who founded and grew the largest startup in the world to $10 billion in revenue and got fired is someone you have probably never heard of. Sloan Foundation , the Sloan School of Management at MIT , the Sloan program at Stanford , and the Sloan/Kettering Memorial Cancer Center in New York. There’s the Alfred P.

Michigan 301

Michigan Cofounder Stock Forecast 301

ReadWriteStart

JUNE 26, 2020

And finally, we’ll dig into the fundamental changes in leadership, management, and mindset that will allow people to weather this period of extraordinary change and come out the better for it. All of them will include managers that are skilled at managing remote people and teams. After the crisis.

Silicon Valley 198

Silicon Valley Distribution Engineer Technical Review 198

YoungUpstarts

JANUARY 11, 2021

In my 15+ years as a startup founder, investor, and advisor — and now in my role as CEO of a bookkeeping and accounting startup — I’ve come across countless businesses whose accounts aren’t accurate or GAAP-compliant because they’re making the same four mistakes: Relying on spreadsheets to track their revenue and expenses.

Small Business 208

Small Business Startup Cofounder Vertical 208