Startup Professionals Musings

JANUARY 8, 2023

This alternative has been around for several decades, with the generally accepted advantage of reducing costs. Saving cost won’t help you if you can’t make the daily innovations required to stay competitive. Results on commodities, including mature software maintenance, adapt well to low-cost contracting.

Software Review 285

Software Review Technical Review Due Diligence Intellectual Property 285

View from Seed

NOVEMBER 18, 2020

Airbnb convinced travelers to part with 100% of their booking cost up front and then they pay out the required amount to hosts when the stay actually occurs. The straight cost of revenue line is only ~25% of revenue implying a 75% gross margin, assuming you were looking at this in a simplistic revenue / COGS / gross profit manner.

North America 401

North America IPO Prospectus Europe 401

Startup Professionals Musings

AUGUST 9, 2020

Co-founders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. Investors may not be called co-founders, but they always get equity, commensurate with their share of the total costs anticipated, or share of the current valuation.

Cofounder 435

Cofounder Technical Cofounder Equity Intellectual Property 435

Startup Professionals Musings

DECEMBER 13, 2019

The problem is that more SKUs dramatically increases complexity and cost, when you can least afford it. Buy too much inventory too soon to get unit costs down. Unit costs are important, but don’t forget about the cash flow hit, extra storage costs, and the probability of obsolete inventory due to necessary updates or pivots.

Technical Review 306

Technical Review Metrics Social Media Channel 306

Startup Professionals Musings

MAY 17, 2020

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost.

Intellectual Property 436

Intellectual Property Angel Investor Viral Distribution 436

The Startup Magazine

MAY 3, 2024

For startups eager to establish an efficient operational framework from the start, the decision to hire Microsoft Dynamics experts becomes instrumental. At its core, Microsoft Dynamics facilitates the integration of processes related to finance, operations, sales, and customer service into a single, unified platform.

Early Stage 159

Early Stage Technical Review Software Review Operations 159

Startup Professionals Musings

OCTOBER 30, 2020

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 permanent hiring and customized operational facilities. Take advantage of low-cost modern tools and automation.

Merger 386

Merger Acquisition Software Review Social Media 386

Startup Professionals Musings

DECEMBER 5, 2021

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. At any rate, “buzz-worthy” and “viral” are marketing illusions that cost big money to create, and these are only the beginning. That’s a double death wish. Marty Zwilling.

Viral 348

Viral Marketing SEM Campaign 348

Startup Professionals Musings

AUGUST 19, 2020

Things will cost more than you expect. Waiting until you have something to sell before bringing on a sales and operations staff. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. Buffer your projected resource requirements. You will make mistakes.

Burn Rate 310

Burn Rate Hockey Stick Salary Angel Investor 310

Steve Blank

APRIL 1, 2020

Any place with a fixed cost that relies on foot traffic will come under pressure. Cut costs to stay alive for 24 months. Operating Numbers. Payroll costs/other variable costs. Days 3 and 4: Prepare new business model and operating plan. … Next, plot out the changes to your operating plan.

South Korea 334

South Korea Salary Business Model China 334

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

Startup Professionals Musings

MAY 26, 2023

The cost of any new product these days must include education and rollout marketing, perhaps equal or greater than the development costs. Don’t forget to address the risks and cost of doing nothing. Marketing costs will continue to increase. Customers won’t buy what they can’t find or don’t understand.

Product 354

Product Technical Review Artificial Inteligence Dividend 354

Steve Blank

DECEMBER 11, 2020

Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. We need a separate command for the same reason that we need cyber or special operations as a separate command.

Technical Review 369

Technical Review Taiwan Technology Design 369

The Startup Magazine

AUGUST 26, 2024

LLCs and corporations provide limited liability protection but may require more paperwork and higher startup costs. Failure to comply with these regulations can result in fines or the suspension of your business operations. Partnerships allow for shared responsibilities but can lead to conflicts between partners.

Limited Liability Company 156

Limited Liability Company Technical Review Software Review Angel Investor 156

Steve Blank

NOVEMBER 13, 2020

Joe Felter , Raj Shah and I designed a class to examine the new military systems, operational concepts and doctrines that will emerge from 21st century technologies – Space, Cyber, AI & Machine Learning and Autonomy. John Raymond , Chief of Space Operations, United States Space Force. He or she has to conduct operations today.

Technology 333

Technology United States Iraq Operations 333

Steve Blank

DECEMBER 11, 2023

Warlock was so large that it was kept at the ERA factory and operated as a remote operations center. ERA Disk Drives One of the problems code breakers had was the difficulty of being able to store and operate on large sets of data. Costing $250,000 ($3.2 Each ATLAS I cost the NSA $1.3 million today.)

Minnesota 317

Minnesota Engineer Minneapolis Silicon Valley 317

Startup Professionals Musings

MAY 14, 2023

Things will cost more than you expect. Waiting until you have something to sell before bringing on a sales and operations staff. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. Buffer your projected resource requirements. You will make mistakes.

Burn Rate 258

Burn Rate Hockey Stick Management Salary 258

View from Seed

APRIL 14, 2020

I think you’ll also see more focus on companies that demonstrate capital efficiently, and investors will encourage founders to be more focused on sound unit economics than growth at all costs. They will be diligent, but move purposefully and relatively quickly compares to firms that are operating under the Fear Of Looking Dumb.

Early Stage 374

Early Stage Software Review Technical Review Due Diligence 374

Startup Professionals Musings

FEBRUARY 12, 2023

It’s important to learn from your own mistakes, but it’s even smarter to learn from someone else’s mistakes, without paying their high price in time lost, cost, and pain. Viral marketing costs real money, and your support staff and hosting systems cost even more. Bypasses intellectual property as not worth the cost.

Intellectual Property 312

Intellectual Property Startup Angel Investor Viral 312

Startup Professionals Musings

OCTOBER 10, 2021

The bad news is that they are not a good test of basic usability and ease of operation, which are always a key to the much larger market of regular customers. At some point, this becomes compulsive engineering, and the tradeoffs in time to market, cost, and user friendliness move the product out of the intended market.

Technical Review 294

Technical Review Product Customer Restful 294

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. Use analytics to fine-tune your operations and control expenses.

eCommerce 167

eCommerce Software Review Metrics Analytics 167

YoungUpstarts

DECEMBER 29, 2020

Cost Savings. Whether you’re working for a large corporation or a small startup, operational costs will always exist. Since the transition out of the office we have seen significant cost savings in multiple areas. The second major area where we saw cost savings was around talent.

Technical Review 275

Technical Review Cofounder Leadership Employee 275

The Startup Magazine

DECEMBER 19, 2024

Source Leverage Advanced Technologies Harnessing advanced technologies can transform how startups operate and compete. This helps prevent excess inventory and shortages, boosting operational effectiveness and customer happiness. Its crucial for businesses to consistently review and improve their operations and customer interactions.

Technical Review 144

Technical Review Startup Differentiation Social Media 144

The Startup Magazine

JULY 19, 2024

The shift to digital management is a game-changer in modern business operations. This speeds up operations and allows employees to focus on strategic tasks. Consequently, businesses can rely on accurate, reliable contracts for their operations. This technological advancement reduces human error and accelerates workflow.

Technical Review 167

Technical Review Security Operations Cost 167

The Startup Magazine

JULY 27, 2024

By employing AS/RS, you can streamline operations, minimize errors, and improve inventory accuracy. While the investment in AS/RS may be significant initially, the long-term benefits in terms of efficiency and accuracy often outweigh the costs. Furthermore, these systems can operate continuously to further boost productivity.

Vertical 157

Vertical Operations Technical Review Mobile 157

Startup Professionals Musings

MAY 1, 2023

Cofounders only able to work part-time, with responsibility and major income sources elsewhere, don’t carry the same risk as others with more operational responsibility. Investors may not be called cofounders, but they always get equity, commensurate with their share of the total costs anticipated, or share of the current valuation.

Technical Cofounder 247

Technical Cofounder Equity Distribution Cofounder 247

YoungUpstarts

NOVEMBER 2, 2020

And here’s the thing: Almost all businesses have digital operations, so you may think yours is meeting customer expectations. REASON 2: You Need to Gain the Efficiencies to Be Cost-Competitive. It helps to have investors who are patient about whether the company operates at a profit. But there’s a good chance it’s falling short.

Valuation 264

Valuation Technical Review Revenue Operations 264

Startup Professionals Musings

MAY 25, 2020

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. The buyer has the challenge of scaling the business, and managing all the operational growth requirements.

Exit Strategy 376

Exit Strategy Startup Private Equity Equity 376

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.

Security 145

Security Operations Technical Review Revenue 145

ReadWriteStart

DECEMBER 15, 2022

Industry-specific domain experience becomes critical when identifying operational pain points ripe for transformation. This outside work provides a valuable source of revenue able to be used to fund operations. This provides both valuable experience and an understanding of the operational issues within each sector.

Incubator 188

Incubator Startup Software Development Software Developers 188

The Startup Magazine

MARCH 8, 2024

By strategically leveraging debt, businesses can access the capital needed to invest in new opportunities, expand operations, and increase profitability. It compares a company’s net operating income to its debt payments, providing insight into its repayment capacity.

Finance 147

Finance Technical Review Metrics .Net 147

The Startup Magazine

AUGUST 12, 2024

These intervals typically vary based on usage hours, operating conditions, and the type of machinery. Log Usage Hours: Keep a detailed record of machine operating hours to track when maintenance is due. Train Operators on Best Practices Even the most well-maintained machinery can be compromised by improper use.

Operations 164

Operations Technical Review Stock Reputation 164

YoungUpstarts

OCTOBER 15, 2020

Companies benefit from this because they complete projects faster and thus save valuable working time and costs. The high level of operating comfort is one of the asana’s strengths. The operation is intuitive to the user. Overall, the software-supported management of projects enables efficient coordination of tasks.

Management 264

Management Software Review Cloud Mobile 264

The Startup Magazine

AUGUST 13, 2024

Evaluate your current operations, financial stability, and product demand. It ensures that your business can handle the complexities of exporting without compromising domestic operations. Additionally, consider the logistics of international shipping , as this can impact costs and delivery times.

Distribution 167

Distribution Technical Review PPC Operations 167

The Startup Magazine

SEPTEMBER 17, 2023

Aside from the environmental advantages, car sharing is a cost-effective option for company employees to use vehicles. Benefits of Corporate Car Sharing Software To proficiently manage corporate car sharing and optimise operations, corporate car sharing software has been developed. Evaluate the cost of the program.

Software Review 159

Software Review Software Mobile Technical Review 159

The Startup Magazine

JUNE 20, 2024

This post provides a number of practical strategies for reducing manufacturing downtime and guaranteeing seamless operations in your manufacturing company. Additionally, having a trained team to handle generator operations and maintenance can further ensure that this backup power source is effective when required.

Analytics 149

Analytics Artificial Inteligence Colorado Michigan 149

The Startup Magazine

JANUARY 31, 2024

Crucially, SQL operates through declarative statements, allowing users to specify what data they want to retrieve or manipulate without detailing the procedural steps for achieving these tasks. The amount of time we spend on maintenance is almost zero now.”

SQL 154

SQL CTO Database Cloud 154