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How to Handle Competition as a Startup

The Startup Magazine

With millions of businesses launching annually, the competitive field is becoming more complex and demanding. These systems apply complex algorithms to parse sales data, forecast demand trends, and manage stock levels efficiently.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. I always remind this to journalists who ask me about public stocks.

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Why Digital Transformation Is The Key To Sustainable Sales In 2020

YoungUpstarts

As the amount of time that we all spend online continues to increase, digital transformation has become crucial for sales growth into the next decade. It means integrating digital technology into every aspect of business, including sales channels. Online sales have been steadily rising over the last few years.

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Strategies to Improve Cash Flow Management for Startups

The Startup Magazine

Startups can use just-in-time (JIT) inventory systems to order stock only when needed. Analyzing sales trends can also help businesses predict demand more accurately, preventing overstocking or understocking. Implementing smarter inventory management strategies can free up cash and improve operational efficiency.

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6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

Equity is stock, but private company stock has no market value until the company goes public or is sold or merged with another company. Investors know that the fun of a startup turns into managing production processes, sales processes, and personnel in a few years. IPO – public company initial public stock offering.

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The Startup’s Guide to Avoiding Customer Delays with Smart ERP Solutions

The Startup Magazine

Here are some common culprits: Disconnected Systems: When inventory, sales, and customer service tools dont talk to each other, delays are inevitable. By integrating different operational areas such as inventory management, sales tracking, and customer service, ERPs eliminate the inefficiencies of disconnected systems.

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Airbnb S-1 (Part 1): So How Profitable Is This Thing Really?

View from Seed

Airbnb’s availability as a marketplace and its aggregation of substantial consumer demand has actually meant certain forms of lodging have been newly built or converted into rooms for the primary purpose of listing on Airbnb. So Where Does Airbnb They Go From Here?