Feld Thoughts

SEPTEMBER 16, 2011

The largest expense a company usually has at this stage is salaries. However, Dick, Jane and Praveena have decided to initially forgo salaries which helps them conserve cash in the near term. Dick is focusing his effort on getting some early customer validation and is using a Lean Startup approach.

Balance Sheet 129

Balance Sheet Fractional CTO Burn Rate Salary 129

This is going to be BIG.

MAY 12, 2014

You''re running pretty lean when you''re on your first fund. I take a salary of $100,000, while healthcare and other HR related expenses like add up to another $16k on top of that. That''s a big help. You can look at this two ways. On one hand, this is probably less than your average associate makes.

Investment Bankers 167

Investment Bankers Term Sheet Venture Capital Technical Review 167

YoungUpstarts

MARCH 12, 2012

Recommended Post: Why secret salaries are a baaaaaad idea ). This blog offers great advice for transforming yourself into a lean and mean manager. This blog discusses personal productivity, lean manufacturing, and how you as a manager can help improve both. (Recommended Post: Task and Compliance Management ). Ask a Manager.

Management 178

Management Leadership Agile Lean 178

Steve Blank

AUGUST 5, 2013

It’s been fun watching a 20th Century entrepreneur learn new tricks as he builds his next startup, FindTheBest using Lean Methodology. Lean Start-up Connection: Business Model Canvas. By leaning on our technology, we knew we could build cheaply, we just didn’t know how cheaply. Lean Start-up Connection: Agile Development.

Lean 302

Lean Agile Customer Development SEO 302

Growthink Blog

OCTOBER 16, 2012

Fixed costs include rent, salaries, maintenance, licenses, equipment, and other overhead expenses. Having more salaried employees or too expensive an office space are two examples that might lead to this. You reach your personal Black Friday when your fixed costs plus variable costs equal your income.

Software Review 85

Software Review Salary Advertising Sales 85

Steve Blank

OCTOBER 5, 2009

As the conversation began to get down to how much stock and salary we could offer van Dam, we left the barber to finish his work and went to a payphone to call our CEO to confirm the deal. Reply Karma in the Lean Startup Era , on January 28, 2010 at 5:26 pm Said: [.] The response from across the country?

North Carolina 133

North Carolina Silicon Valley Fractional VPE Part-Time VPE 133

Up and Running

JANUARY 29, 2019

The Lean Plan for solopreneurs. This shorter, more nimble type of business plan is called a Lean Plan , and you can create one in just a few hours, rather than a few weeks or months. Your Lean Business Plan is going to get you organized and help you be clean and concise about what your business is and how you’ll run it.

Lean 64

Lean Business Plan Revenue Forecast 64

The Next Web

OCTOBER 10, 2013

Shoulder – not to cry on, but to lean on. To start Backblaze, all five of us committed to a year without salary. After being part of a team of five that co-founded a fairly successful company and still have the original team together after half a decade, here’s what I learned about having cofounders.

Cofounder 143

Cofounder Technical Cofounder Kenya Dilution 143

ReadWriteStart

JANUARY 26, 2021

Many business owners launch startups with the intention of running lean—relying on minimal resources to preserve the business for as long as possible. If you want to continue existing, you need to make money—ideally more money than you’re spending on things like employee salaries and raw materials. Running Out of Capital.

Startup 180

Startup Angel Investor Business Model Demand 180

The Next Web

APRIL 27, 2014

What if everyone at your company knew your salary? Would it make your company more transparent, lean, productive, and motivated? One of the newest company culture trends is the transparent salary, where organizations make the salaries of all employees public knowledge within the company.

Salary 160

Salary Lean Web Employee 160

Hearpreneur

JUNE 9, 2023

We also run a lean business, with regular budgets and reviews of expenses. Raising salaries may not be viable at this time, but focusing on company culture and well-being can improve the employee experience, boost morale, and increase staff retention. Thanks to Sonia Gibson, Accounting Heart Chartered Accountants ! #10-

Entrepreneur 139

Entrepreneur North America Employee Retention 139

Steve Blank

SEPTEMBER 1, 2021

The idea of exploitation versus exploration was central in my own work in building the lean methodology for start-ups. Today, lean is the de facto method for building new start-ups. In the end, exploitation pays your salary while exploration pays your pension. Companies that survive do both.

Incubator 419

Incubator Lean Agile Business Model 419

YoungUpstarts

OCTOBER 5, 2017

Yet, with higher living costs and relatively lower salaries and benefits than the boomer generation, Millennials are buying products. Lean into social. Millennials are the children of the economic crisis, so they are much more discerning about the ways they spend money than their predecessors. They’re just doing so in a thoughtful way.

Marketing 150

Marketing eCommerce Technical Review Social Media 150

Up and Running

APRIL 1, 2021

Whether it’s a disappointing setback, the lean, barely-profitable weeks that plague any fledgling business, or a simple oversight. On average, it takes entrepreneurs three years to accrue the same annual salary they received at their former full-time job. It’s a steep bar for entry but a necessary one.

.Net 123

.Net Technical Review Early Stage Finance 123

Up and Running

JANUARY 15, 2018

Create a Lean Business Plan. Instead, you can create an alternative to a traditional business plan—a Lean Plan which is easier to adapt throughout the life of your business. Multiply this sum by twelve and add your ideal annual salary. The first step to running your own business is creating a solid plan.

Web 86

Web Design Software Review Elevator Pitch 86

YoungUpstarts

JULY 23, 2017

This is where keeping your startup lean comes in. A lean startup only spends money on things it absolutely needs. I recently spoke with a friend of mine who runs a successful chain of Toronto Massage Companies who credits keeping her startup lean with much of her early success. It cross trains employees to keep the ship small.

Lean 193

Lean Startup Salary Programming 193

ReadWriteStart

FEBRUARY 21, 2021

So what are the best ways to stay on the lean-side of things? Someone with 20 years of experience in the industry may seem like a great fit for growing your organization, but they’re also going to demand a high salary. Accordingly, you’ll need to be frugal. You’ll need to find creative ways to save money.

Startup 106

Startup Software Review Open Source Technical Review 106

ConversionXL

NOVEMBER 14, 2013

Are you familiar with the Lean Startup methodology? They call it Lean Startup, but it’s also essentially conversion optimization. It’s like saying “I don’t want to learn how to code, can I just get a top developer salary without it?” Reminds me of rule #1. Edwards Deming. The process.

PPC 123

PPC Analytics Conversion SEO 123

Up and Running

OCTOBER 7, 2014

This might initially seem counter intuitive, but people with little work experience are looking for entry level positions and salaries, which saves your company money. “Lean is in. Hire capable employees with little work experience. I would say the most crucial thing in getting media coverage is a subtle yet persistent approach.”

South Africa 157

South Africa Software Review Green Technical Review 157

crowdSPRING Blog

JULY 17, 2011

Training new employees takes time, detracts from mission critical work, costs real money in salaries and benefits during the training period (not to mention the training materials, people, venues, etc), and often return results that are not relevant for many businesses. Photo: Virginia Guard Public Affairs.

Small Business 88

Small Business Software Review Technical Review Startup 88

Steve Blank

NOVEMBER 25, 2013

A Lean Startup methodology offers entrepreneurs a framework to focus on what’s important: Business Model Discovery. Teams use the Lean Startup toolkit: the Business Model Canvas + Customer Development process + Agile Engineering. Filed under: Customer Development , Customer Development Manifesto , Lean LaunchPad , Teaching.

Oakland 330

Oakland Incubator Lean Metrics 330

A Smart Bear: Startups and Marketing for Geeks

JULY 24, 2012

In fact, we were cash flow positive, including everyone’s salaries and everything in seven months. Dan: Jason, we’re certainly leaning more towards what you said. In fact, that’s exactly what happened to me with WordPress Engine. The initial concept was this thing doesn’t have to be big to make money.

Silicon Valley 204

Silicon Valley Software Review Internet Technical Review 204

David Teten

MARCH 24, 2014

” It’s great reading for anyone that leans too heavily on the left side of the brain. If they did, then how would they justify their big salary and large staff if they are not “active management”? So, some amount of active management helps justify high staff count, which helps justify high salaries.

Software Review 114

Software Review Due Diligence Venture Capital Portfolio 114

YoungUpstarts

FEBRUARY 27, 2015

receive a salary), or if they’re willing to bet a portion of their compensation on their own performance. Do they lumber aimlessly, take their time, shuffle back slowly, flop down into the chair, and lean on their elbows? In other words, they bet tomorrow’s paycheck on today’s ideas and effort.

Hiring 100

Hiring Technical Review Lean New York 100

Startup Professionals Musings

MAY 18, 2020

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Bootstrapping does require a full confidence in your own passion to make decisions and change the world with no investors to lean on or blame. Marty Zwilling.

Hockey Stick 423

Hockey Stick Bootstrapping Sweat Equity Intellectual Property 423

Startup Lessons Learned

OCTOBER 11, 2016

Guest post by by Jennifer Maerz, contributing editor of Lean Startup Co. A big part of adopting Lean Startup in an established company involves fundamentally shifting the way organizations manage people and ideas. It translates to our documents but also to our salaries and our equity models. So far the wheels haven’t fallen off.

Agile 60

Agile Lean San Francisco Technical Review 60

Steve Blank

JULY 27, 2009

It turns out that whether they want higher salaries or more help at home, women often find it hard to ask. The women just don’t ask.&# Sometimes they don’t know that change is possible–they don’t know that they can ask.’

Silicon Valley 120

Silicon Valley RSS Technical Review California 120

ReadWriteStart

JANUARY 16, 2020

However, small companies and startups with lean budgets are more than likely to skip this option. Chief Technology Officer makes an average of $280,916, including base salary and additional payments. Locally, if financially stable with long-term goals. The optimal solution is to hire a CTO in your area. As of April 2019 , a U.S.

Fractional CTO 85

Fractional CTO CTO CTO Hire Part-Time VPE 85

Up and Running

AUGUST 19, 2014

You might have held off paying yourself while launching your startup, but is it time to give yourself a salary? Here are seven things to consider in order to determine if now is the right time to pay yourself a salary. Once you generate the financial support of investors, it may be time to reward yourself with a salary.

Salary 119

Salary Sweat Equity Silicon Valley Sales Cycle 119

Startup Professionals Musings

FEBRUARY 15, 2023

Most successful entrepreneurs take only a very minimum salary during the formative business years and reinvest all profits back into the business for organic growth. Bootstrapping does require a full confidence in your own passion to make decisions and change the world with no investors to lean on or blame. Marty Zwilling

Equity 349

Equity Hockey Stick Bootstrapping Sweat Equity 349

Startup Lessons Learned

OCTOBER 30, 2008

Lessons Learned by Eric Ries Thursday, October 30, 2008 John Doerrs 10 lean startup tips I just saw video of John Doerrs talk yesterday at VentureBeat’s “How to manage your start-up in the downturn&# roundtable event. Voluntary salary reduction program. I was impressed enough to transcribe (and paraphrase) the list.

Lean 121

Lean San Francisco Continuous Deployment DC 121

keen.io

FEBRUARY 5, 2013

And if the CEO says, “Salaries will be adjusted to market value soon,” that’s probably a best-case scenario. And they gave me a choice whether I’d want more stock or a higher salary.” It’s so weird to be negotiating my salary with our friends. It seems like I should take the highest salary and the lowest equity.

Salary 50

Salary Equity Startup San Francisco 50

crowdSPRING Blog

DECEMBER 11, 2011

Most companies use the evaluation process to determine bonuses and salary increases and December is the perfect time to sit with each member of the team and spend some time discussing their performance, contribution to the company, and personal/professional development. Lean startups: Office space for the 21st Century.

Small Business 90

Small Business Startup Chicago Retention 90

Duct Tape Marketing

JANUARY 15, 2025

The second one you say, look, the last three people that we hired were at a higher level me, higher salary, I'm doing the same work, I was promised a raise years ago, like I'm just getting really frustrated, right? And generally, if you repair that problem, your satisfaction with work and your performance is gonna improve. This isn't working.

Exit Strategy 60

Exit Strategy Retention Employee Programming 60

Duct Tape Marketing

OCTOBER 16, 2023

Maximizing Success with a Fractional CMO: A Complete Guide written by John Jantsch read more at Duct Tape Marketing Have you ever felt the pressure of needing a seasoned marketing pro, but balked at the sky-high salary? They command hefty salaries plus benefits which can strain budgets significantly. How does this magic happen?

Agile 90

Agile Technical Review Social Media Salary 90

Startup Professionals Musings

JUNE 18, 2012

As a rule of thumb, you should double every employee’s salary in estimating employee costs, so less is more. Best of all, it’s even considered “ultra-cool” these days to be a lean startup. Obviously, if you can do most of the work yourself, you need fewer employees, meaning less for payroll tax, benefits, and workers compensation.

Cost 255

Cost SEM Burn Rate Startup 255

Up and Running

MARCH 8, 2016

According to data from PayScale’s salary questionnaire, house cleaners, nationwide, earned an average of $15.09 At Palo Alto Software, we use a lean planning process to determine whether or not an idea is likely to succeed or to fail. While Simon is paying employees a wage in his startup phase, he isn’t paying himself a salary.

SBA 60

SBA Technical Review Software Review Business Plan 60