ConversionXL

JULY 21, 2022

By focusing intently on a single measurement, known as a north star metric. The north star metric defines success for the whole company and aligns teams on a growth trajectory. In this article, you’ll learn how other growing companies use the north star metric to achieve customer success. Customer-centricity. Accountability.

Metrics 120

Metrics Acquisition Revenue .Net 120

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. Growing too fast kills many new ventures, due to staffing costs, inventory, and funding delays. Gather your resources before scaling the business.

Technical Review 329

Technical Review Merger Software Review Acquisition 329

Startup Professionals Musings

FEBRUARY 6, 2021

Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. That means you have to start with assessing the current state against the same metrics, before you can assess progress or change. Make sure metric results are available to the team, to keep them motivated.

Metrics 387

Metrics Technical Review Leadership Framework 387

Startup Professionals Musings

JUNE 2, 2021

Simple metrics and your personal knowledge of the industry can’t keep up with all the relevant competitive forces. It’s now more intense than ever, with the cost of entry going down, and new players easily able to join the fray from anywhere in the world. You need to be part of a larger ecosystem.

Software Review 355

Software Review Algorithm Global IPO 355

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

JANUARY 22, 2023

With a singular focus on building unicorns, very rapid growth has been a key metric. The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers. Even here, Elon Musk faced this issue with Tesla, needing a support ecosystem as well as new technology.

Global 345

Global Silicon Valley Marketing Indonesia 345

Startup Professionals Musings

MAY 1, 2020

With a singular focus on building unicorns, very rapid growth has been a key metric. The distributed model draws on a diverse pool, helps manage costs, and captures regional insights and focus necessary to win local customers. Even here, Elon Musk faced this issue with Tesla, needing a support ecosystem as well as new technology.

Silicon Valley 312

Silicon Valley Indonesia Venture Capital Global 312

Startup Professionals Musings

FEBRUARY 8, 2020

Even non-profits need revenue to cover their costs, and continue to provide services. Use metrics to measure results of marketing initiatives. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk.

Management 322

Management Entrepreneur Forecast Stock Options 322

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. Freight management software helps brokers track shipments in real-time, optimize routes, and easily analyze performance metrics.

Developer 130

Developer Technical Review Software Review Reputation 130

Startup Professionals Musings

JUNE 24, 2020

Everyone knew these had potential, but had not demonstrated success to date due to infrastructure and support requirements, or cost constraints. Established company process rules and metrics now characterize the leaders in this market stage. If you are an ecommerce startup, this may be your path to fame and fortune.

Artificial Inteligence 436

Artificial Inteligence Marketing Valuation Startup 436

Startup Professionals Musings

OCTOBER 27, 2021

Most of the entrepreneurs I meet as an investor and advisor have no shortage of right-brain thinking, showing vision and creativity, but often don’t realize that their potential is being limited by a balancing focus on results, metrics, and customer specifics. Show results with a minimal viable product (MVP).

Technical Review 332

Technical Review Metrics Leadership Technology 332

Startup Professionals Musings

NOVEMBER 2, 2022

Even non-profits need revenue to cover their costs, and continue to provide services. Use metrics to measure results of marketing initiatives. Great team members may take more time to find, and cost you stock options, but a qualified and highly motivated team that stretches your budget is a good calculated risk.

Forecast 304

Forecast Stock Options Technical Review Metrics 304

Startup Professionals Musings

DECEMBER 30, 2022

As a potential investor, I always think of the high rate of failure of disruptive technologies, due to the longer learning curve of customers, infrastructure change consistently required, and higher marketing costs. Define realistic metrics to keep track of progress. You need metrics to incentivize the right team behaviors.

Technical Review 252

Technical Review Silicon Valley Software Review Metrics 252

The Startup Magazine

AUGUST 7, 2024

Running an ecommerce business requires efficient order fulfillment processes to get products to customers quickly and cost-effectively. Streamlining your fulfillment workflows can help you ship orders faster, reduce costs, and provide better customer service. Just be sure to integrate new shipping services across your platforms.

eCommerce 167

eCommerce Software Review Metrics Analytics 167

ConversionXL

OCTOBER 7, 2022

Customer acquisition cost (CAC) is an important metric for any ecommerce business. Put simply, you need a healthy customer acquisition cost for your business to succeed. In this article, you’ll learn what ecommerce CAC is, how to calculate it, and how to keep costs down to maintain profit health. Your business is unique.

Acquisition 22

Acquisition eCommerce Cost Customer 22

Startup Professionals Musings

AUGUST 19, 2022

Employees are still too often thought of as a commodity, to be acquired “just in time” for the lowest cost, and managed as a disposable asset. With the latest advances in software technology, it’s no longer cost-prohibitive for business entrepreneurs, who can’t yet afford a human resources department, to take advantage of analytics tools.

Analytics 303

Analytics Hiring Open Source Employee 303

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

AUGUST 13, 2022

Wessel also summarizes the costs and potential impacts of creating and building your startup in secondary markets, usually meaning not in Silicon Valley or one of the other super-hubs: It takes longer to raise money. But it is an important metric for firms in pursuit of explosive growth. It’s very important.

Las Vegas 309

Las Vegas Silicon Valley Arizona Montana 309

Both Sides of the Table

FEBRUARY 27, 2019

Often board members themselves don’t do the work to say “what metrics would we like to see.” Any great board member should tell you, “please don’t create any performance metrics or materials that analyze the business that you’re not already creating for your own management’s use.” Sometimes they don’t even know.

Stock Options 226

Stock Options Metrics Stock Valuation 226

Startup Professionals Musings

OCTOBER 17, 2018

Unfortunately, your personal assessment that you have traction probably won’t be convincing to potential investors and partners, so it’s important that you create and track your progress against some metrics. Define metrics on customer feedback and user counts. Count connections with experts, media, and influencers.

Advisory Board 199

Advisory Board Technical Review Metrics Business Model 199

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

VC Cafe

MARCH 31, 2025

Prioritize growth as the primary metric for fundraising: For Silicon Valley investors, growth is the most important factor, even more so than the team or past experience. Structure your company to minimize early expenses, focusing on covering co-founders’ living costs. Having growth makes fundraising significantly easier.

Cofounder 88

Cofounder Silicon Valley Technical Review PR 88

Duct Tape Marketing

NOVEMBER 2, 2023

Unlocking the Power of Data: Transforming Metrics into Actionable Insights written by John Jantsch read more at Duct Tape Marketing The Duct Tape Marketing Podcast with John Janstch In this episode of the Duct Tape Marketing Podcast , I interviewed Peter Caputa, CEO of Databox, an innovative player in the realm of marketing analytics.

Metrics 92

Metrics Analytics Forecast Software Review 92

The Startup Magazine

MAY 26, 2020

That means you’ll minimize operation costs and get the most out of your vehicles. Connected car devices can help you measure engine performance, fuel efficiency, fluid levels, and other metrics that can give you insights into a vehicle’s condition. 2) Measure Every Metric that Can Be Measured. 3) Keep Good Digital Records.

Management 166

Management Metrics Technical Review Operations 166

Startup Professionals Musings

MARCH 19, 2022

Clients need to feel comfortable that you expect quality work from your team and technology, and have metrics, modern tools, and controls in place to make it happen. People like to see examples of your work that they can relate to, with results, including costs and savings. Make sure clients know how you manage your business.

Technical Review 303

Technical Review Social Media Metrics Media 303

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 9, 2025

It provides an avenue to leverage expert SEO expertise without the associated cost and complexity of in-house operations. The Cost-Effectiveness of Outsourcing SEO Through White Label Services White label SEO offers cost savings by reducing overhead expenses associated with hiring an in-house SEO team.

SEO 88

SEO Search Engineer Retention 88

Startup Professionals Musings

JUNE 1, 2022

Put metrics in place to track decision results. It’s easy to jump to conclusions and attack the symptoms of a new problem, such as blaming the marketing team for declining sales. If you dig deeper, you may find the root cause to be new competitors, or your key product has quality problems. Quick decisions and biases can be very costly.

Technical Review 302

Technical Review Social Media Metrics Hosting 302

Startup Professionals Musings

NOVEMBER 9, 2019

Wessel also summarizes the costs and potential impacts of creating and building your startup in secondary markets, usually meaning not in Silicon Valley or one of the other super-hubs: It takes longer to raise money. But it is an important metric for firms in pursuit of explosive growth. It’s very important.

Las Vegas 243

Las Vegas Silicon Valley Arizona Montana 243

The Startup Magazine

JULY 7, 2023

This includes variable costs (e.g., sales commission, raw materials, and packaging) and fixed costs (property rental, company car instalments, etc.). The early years of a business often require trade-offs between something that would really help you and not being able to take on more fixed costs.

Connecticut 183

Connecticut Entrepreneur Software Review Cost 183

The Startup Magazine

SEPTEMBER 2, 2021

As far as the company goes, an LMS is a great way to cut down on training costs and the time it takes to process and complete the onboarding process for a new hire. Types of Metrics Provided by an LMS. Other metrics provided include reports on peer review activity, fastest answers given, sharing activity, content views, and so on.

Management 173

Management Software Review Metrics Retention 173

The Startup Magazine

JANUARY 14, 2020

According to the World Green Building Council (WGBC), the following findings support a case for green building: Lower operating cost – the construction of green buildings can help building owners and occupiers save money thanks to efficient energy and water usage. Introduction of smart metering. Upgrading of the HVAC system.

Green 176

Green California Government Valuation 176

The Startup Magazine

MARCH 8, 2024

Factors to Consider Before Taking on Debt The debt service coverage ratio (DSCR) is a financial metric lenders use to assess a business’s ability to cover its debt obligations. 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

Startup Professionals Musings

NOVEMBER 4, 2019

I love good causes and social entrepreneurs, but a recent pitch to me about eliminating world hunger with a new product (harvesting algae at low cost) seemed to forget that really hungry people don’t have any money. Build a credible business implementation plan to quantify costs. Even a non-profit needs income to operate.

Intellectual Property 235

Intellectual Property Elevator Pitch Harvest Technical Review 235

YoungUpstarts

AUGUST 20, 2020

If there are slight reductions in the metrics, payroll software will point out to workers who need to put more effort into their performance. As businesses grapple with the challenges of balancing performance and costs, the importance of concentrating on the core activities of a business becomes a priority. Compliance Assurance.

Software 219

Software Management Salary Startup 219

Up and Running

DECEMBER 6, 2021

Considering the cost of professional copywriting services, it’s no wonder why a lot of small business owners try to avoid this step by doing the writing themselves. Furthermore, metrics help you continually refine and improve your marketing over time. Common small business marketing mistakes to avoid. Doing the writing yourself.

Small Business 153

Small Business Marketing Software Review Technical Review 153

The Startup Magazine

MARCH 4, 2023

Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. It’s an important metric for employers & managers because high turnover is often expensive and disruptive for the organization. Indeed, it will require time and resources, but the benefits are clear.

Employee 194

Employee Management Software Review Technical Review 194