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The Importance of Back Ups

The Startup Magazine

This advice is given freely whether warranted or unwarranted but with little in the way of how to effectively do so. However, for the most part, it is warranted and can be the difference between expensive data recovery costs and loss of earnings due to extended periods of downtime from a ransomware attack , as an example.

Warrant 89
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How to Manage Friendly Fraud Chargebacks

The Startup Magazine

Merchants looking to reduce the impact chargebacks have on their business can benefit from reviewing their management of ‘friendly fraud.’ To reduce merchant-error chargebacks, review your transaction stream and ensure it flows efficiently and error-free.

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Business Apologies: What You Should (and Shouldn’t) Do

ConversionXL

You spot a negative review on your Facebook page. Hidden costs : If you purchase something online, you expect the delivery driver to arrive at your door and deliver the item you ordered at the price you paid—no questions asked. Hidden or unexpected costs anger consumers. You should receive the code shortly.

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Should You Co-Found Your Company With a Software Development Shop (2 of 2)?

David Teten

Should you co-found your company with a software development shop? I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. Vlad is also the CEO at DarwinApps , a software development shop.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

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. This is why investors really like SaaS software companies where you have recurring revenue and your largest customer accounts for < 5% of your revenue and your renewals rates are > 90%.

Burn Rate 383
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10 Reasons You Don’t Qualify for an SBA Disaster Loan

Up and Running

Maintaining your business through the coronavirus crisis has likely led you to cut costs, revise your sales projections, and potentially seek out a loan to help you stay afloat. Second, if a requested loan is below a certain amount, depending on the size of the lender, the cost to service that loan is too high to make it worth it for them.

SBA 139
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28 Surprising Facts to Guide Your Small Business Marketing Strategy

crowdSPRING Blog

From traditional advertising to social media, online review management to blogging, search engine optimization to direct mail – it’s all marketing. While content marketing continues to dominate as a low-cost, but extremely effective, marketing strategy, 80% of small businesses don’t utilize content marketing.