YoungUpstarts

APRIL 17, 2018

As a new entrepreneur or business owner, the most important thing you will do is hire talent. Hiring = Sales. Robert Metcalfe, co-founder and CEO of 3Com, says you need to think about it as “recruiting, not hiring”. What does the right hire look like? Know When To Hire. Make Time For Hiring.

Cofounder 164

Cofounder Elevator Pitch Hiring Dividend 164

The Startup Magazine

FEBRUARY 2, 2021

Hire A Team Of Software Developers. Once you understand the industry viability for your software startup, you can now hire a team of developers. Throughout recruitment, look to hire knowledgeable software developers with adequate experience and technical skills. Install Productive Development Tools.

Software Developers 158

Software Developers Software Development Software Developer 158

Both Sides of the Table

DECEMBER 16, 2009

They realized that they were selling a bunch of cool products but none that had enough economic value. They had wasted a lot of money because they had raised a lot of money and therefore hired a large staff. We couldn’t cut product development (we had 23 people!) I went through more examples.

Entrepreneur 306

Entrepreneur Burn Rate Cofounder Sales 306

Gust

APRIL 27, 2014

This will include the first version of many critical processes that can be split out later, including market opportunity, requirements, product definition, business model, sales process, and organization. Product development process. Billing and revenue collection. Manage human resources.

Startup 187

Startup Institutional Investors Angel Investor Bootstrapping 187

YoungUpstarts

OCTOBER 24, 2012

Think about it: Companies hire people who come from outside the buyer’s world and don’t share his interests — employees, agencies, consultants, and the like — and expect them to persuade buyers to hand over their money. Build strong customer communities. Consider Harley-Davidson’s success in creating a sense of community around its bikes.

Marketing 234

Marketing Software Review Technical Review Social Network 234

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal.

Customer 167

Customer San Francisco Lean Hockey Stick 167

Transformify

MARCH 14, 2020

At the same time, the stock markets collapsed, and most businesses already report skyrocketing losses, unmet revenue targets and insufficient stock due to production slow down in China, India and the rest of the world. So, who benefits the most from work from home jobs and diversity hiring programs?

Hiring 75

Hiring Bulgaria Italy Spain 75

Startup Lessons Learned

SEPTEMBER 15, 2008

The application of agile development methodologies which dramatically reduce waste and unlock creativity in product development. See Customer Development Engineering for my first stab at articulating the theory involved) Ferocious customer-centric rapid iteration, as exemplified by the Customer Development process.

Lean 168

Lean San Francisco Startup Continuous Deployment 168

Startup Professionals Musings

SEPTEMBER 4, 2010

For a startup, find an international partner, or hire a new team member who has don it before. In addition this person should report, dotted line, to product development or engineering. Ensure that the localization person is a good and patient communicator and is fully accepted by the engineering/development group.

Software 200

Software Distribution Europe Database 200

Steve Blank

MAY 9, 2017

The second thing that’s changed is that we’re now Compressing the Product Development Cycle. In the 20 th century startups I was part of, the time to build a first product release was measured in years as we turned out the founder’s vision of what customers wanted. That’s no longer the case. We now understand that’s wrong.

Restful 249

Restful Silicon Valley San Jose Puerto Rico 249

David Teten

AUGUST 19, 2019

So you’re interested in raising capital from a Revenue-Based Investor VC. A new wave of Revenue-Based Investors (“RBI”) are emerging. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. We have a special program if you are pre-seed and need product development.

Revenue 60

Revenue Technical Review Software Review Equity 60

The Startup Magazine

JUNE 4, 2024

Examples of Goals Increase Market Share: By expanding your product line, aim to capture 10% more of the market within two years. Customer Satisfaction: Improve customer satisfaction scores by 15% in the next year through enhanced support and product improvements. It involves budgeting, forecasting, and efficient use of resources.

Technical Review 146

Technical Review Agile Audience Employee 146

This is going to be BIG.

AUGUST 22, 2012

Who should you hire? In a way, you can think of BD as “sales when you don’t know what the product is yet.” It’s basically working with potential outside partners to reach your business goals--which could be revenue, distribution, financing, product development, awareness, etc. How are you ever going to get it done?

PR 157

PR Technical Review Seed Stage Design 157

ReadWriteStart

NOVEMBER 10, 2010

Today, brands are hiring social media specialists for customer support, crowdsourced product development, promotions and even leads generation. The Proof Is In The Revenue. Hiring The Right Candidate. Two years ago, 93% of Americans believed companies should have a social media presence.

Social Media 134

Social Media Media Programming Viral 134

Startup Professionals Musings

MARCH 4, 2016

Forecast revenue growth that defies business principles. Every business takes time to scale and penetrate a market due to organizational growth, hiring, training, brand building and customer adoption. Hire helpers in lieu of people who are smarter than you. Hire people who can train you rather than ones you need to train.

Intellectual Property 120

Intellectual Property Startup Forecast Angel Investor 120

The Startup Magazine

OCTOBER 19, 2020

Similarly, customers are more knowledgeable, aware, and conscious to choose from the variety out there, which slows down the company’s revenue and growth. Most industries have touched their peak, matured, and there is little room to improve in the world of homogenous products, similar marketing, and standardized, efficient processes.

Technical Review 158

Technical Review Forecast Analytics Social Media 158

The Next Web

MARCH 6, 2014

Successful collaboration between a company’s business development and product development requires mutual understanding and purpose. Hire T-Shaped People. Make sure to hire T-shaped individuals. Tech teams also need to understand that without business development, there is no revenue to pay their salaries.

Technical Review 129

Technical Review Development Team Review Developer Agile 129

Business Plan Blog

OCTOBER 4, 2013

Don’t hire people with skills and qualifications similar to yours. If you have a technical background and you are focused on product development, consider a co-founder with a sales and marketing background that can focus on selling your world class product. Hiring the right people at the right time is key.

Part-Time VPE 79

Part-Time VPE Fractional VPE Cofounder CTO Hire 79

YoungUpstarts

MAY 3, 2017

From product development to market research, many startups are one-person operations in their early days. Even as their teams grow, entrepreneurs often feel that they must tend to every aspect of the business, including low-level tasks that distract from revenue-generating activity. The result?

Technical Review 113

Technical Review Management Arizona Software Review 113

Startup Lessons Learned

FEBRUARY 20, 2009

Luckily, I now have the benefit of a forthcoming book, The Principles of Product Development Flow. Labels: five whys root cause analysis , product development 11comments: Peter Severin said. Its really helped me articulate my thinking on this topic, and includes an entire chapter on the topic of reducing batch size.)

San Francisco 161

San Francisco Software Review Continuous Deployment Development Team Review 161

YoungUpstarts

OCTOBER 10, 2012

Talented product developers. When 3M brought “lead users” into its innovation process, they improved revenues by a factor of eight times over innovations from internal product developers. And engaging customers in such ways is generally much less expensive than hiring costly employees or agencies.

Customer 154

Customer Fractional CTO Canada Technical Review 154

YoungUpstarts

FEBRUARY 21, 2019

They can now save money with VPN products. Hire Remote Contracted Employees. All of that goes away when an employer hires remote contracted help. By hiring remote help, businesses are discovering how much money they are saving by not having an extra team member sit at a desk on site.

Cloud 113

Cloud eCommerce Security Advertising 113

Austin Startup

NOVEMBER 16, 2010

Exactly three months after its $48 Million funding announcement, Smooth-Stone today detailed its company momentum, including significant new executive hires, new office space and renaming the company. The new name, Calxeda , pronounced “Cal-zeh-dah,” is a derivative of the Latin for “Smooth-Stone.”

Naming 59

Naming Hiring Technical Review Virginia 59

Startup Professionals Musings

NOVEMBER 25, 2016

For a startup, find an international partner, or hire a new team member who has done it before. In addition this person should report, dotted line, to product development or engineering. Ensure that the localization person is a good and patient communicator and is fully accepted by the engineering/development group.

Software 120

Software Europe Database Engineer 120

This is going to be BIG.

NOVEMBER 22, 2013

Something isn''t going to go your way--product development, hiring, revenues. Angel investor Jeff Stewart once told me that either the product takes twice as long and costs three times as much to build as your plan, or takes three times as long to build and costs twice as much--you just don''t know which one.

Technical Review 125

Technical Review Angel Investor Due Diligence Venture Capital 125

Startup Lessons Learned

APRIL 7, 2010

In fact, the curse of product development is that sometimes small things make a huge difference and sometimes huge things make no difference. When we’re optimizing, product development teams encounter similar situations. I mean, here we are, paying them to be there, and they won’t use the product!

San Francisco 154

San Francisco Lean Metrics Design 154

Startup Lessons Learned

NOVEMBER 8, 2008

Customer development is a parallel process to product development, which means that you dont have to give up on your dream. Our goal in product development is to find the minimum feature set required to get early customers. This is a common mistake.

Customer Development 168

Customer Development Developer San Francisco Customer 168

Startup Lessons Learned

SEPTEMBER 13, 2008

And one day a remarkable thing happened: we started making more than five dollars a day in revenue. Thoughts on scientific product development Lo, my 5 subscribers, who are you? Slowly, over time, we optimized (or eliminated) each step in the process of becoming a customer by giving us money.

SEM 164

SEM San Francisco Lean Continuous Deployment 164

Startup Lessons Learned

JULY 2, 2009

Labels: five whys root cause analysis , product development 15comments: Anonymoussaid. " paragraph have the heading "Training New Hires", above the "Returning to the meeting itself." Leave your thoughts in a comment. If you’ve tried Five Whys, please share your experiences so far.

San Francisco 164

San Francisco Lean Technical Review Software Review 164

YoungUpstarts

MAY 6, 2019

Product development. Now that you have a refined product idea and a team that can turn this idea into reality, the product development stage will start. Initial product development usually consists of prototyping and MVP. Prototyping usually means the initial working draft of the product idea.

Startup 113

Startup Technical Cofounder Merger Early Stage 113

Up and Running

JULY 26, 2016

Between January 2015 and January 2016, we grew our platform Slidebean from $1K to $20K in monthly recurring revenue. Getting the first tracks of revenue is one of the toughest processes of building a startup. 1x hacker in charge of product/development. 1x hipster working with both product and growth.

Revenue 60

Revenue Acquisition Channel Campaign 60

Hearpreneur

DECEMBER 24, 2017

4- Hiring amazing team. At Cave, our biggest accomplishment this year was hiring impressive new people. We pride ourselves on offering our clients the best marketing services possible, and our most recent hires are a perfect fit for our mission. 24- Double-digit revenue and national partnership. Thanks to Matthew W.

Las Vegas 91

Las Vegas Entrepreneur Software Review Community 91

OnlyOnce

MARCH 14, 2011

We all knew if the feature or function that the client was asking for was within the realm of the possible. • We were very, very focused on creating customers and revenue —We were a startup. If we drove revenue above costs, we got to take home a salary. They come in awfully handy in funding new initiatives.

Software Review 67

Software Review Development Team Review Later Stage Technical Review 67

Steve Blank

MAY 28, 2009

Market Risk vs. Invention Risk - Click to Enlarge For companies building web-based products, product development may be difficult, but with enough time and iteration engineering will eventually converge on a solution and ship a functional product - i t’s engineering, not invention. Am I in a company with “invention risk?

Vertical 167

Vertical Silicon Valley Marketing Customer 167

betashop.com

OCTOBER 8, 2012

I firmly believe that in this age where the product development life-cycle is so short and user feedback comes so quickly, you will know within a year whether you are focusing on a worthwhile one thing. The most important hiring criteria for your executives is cultural fit. As CEO, you are responsible for every hire.

Technical Review 108

Technical Review Technology Software Review Valuation 108

Startup Lessons Learned

JUNE 15, 2009

At IMVU, we would occasionally hire someone from a more traditional organization who had a hard time letting go of their “best practices&# and habits. It lets the customer and development team spot problems with calculations almost immediately. " Actually this process works really well in a financial company.

Continuous Deployment 167

Continuous Deployment Software Review San Francisco Lean 167

Hearpreneur

SEPTEMBER 25, 2022

Besides the general focus on customer and product development, an entrepreneur should foresee the next moves that will serve to guide him on the right path. Maintaining that growth would result in a 200% revenue increase. We will also hire a marketing person to help grow the digital presence.

Forecast 133

Forecast Artificial Inteligence Entrepreneur Technical Review 133