article thumbnail

One of the Biggest Mistakes Enterprise Startups Make

Both Sides of the Table

The era of VCs investing in successful consumer Internet startups such as eBay led to a belief system that seemed to permeate many enterprise software startups that hiring sales or implementation people was a bad thing. We only want software revenue.” We prefer to sell software, not get involved with client systems.”

article thumbnail

6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

As a business advisor, I have to recommend even to established companies that they review and revamp their competitive strategy now, even if it appears to be working today. Short-term earnings per share may be low, even as revenues and cash burned are high. The real challenge is to win massive consumer preference repeatedly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Strategies to Improve Cash Flow Management for Startups

The Startup Magazine

Yet, most small businesses fail due to poor cash flow management. Image source Startups often face unpredictable revenue streams and mounting operational costs, making cash flow management particularly challenging. Setting aside a percentage of monthly revenue creates a financial buffer that can cover urgent expenses when needed.

article thumbnail

Neil Patel Review: Learning Marketing Entrepreneurship From The Master

YoungUpstarts

Neil carried on running an internet marketing consulting business so that he could pay for Crazy Egg’s software development. NP Digital receives consistently positive reviews from its customers. The post Neil Patel Review: Learning Marketing Entrepreneurship From The Master appeared first on Young Upstarts. Pay It Forward.

article thumbnail

Should Startups Focus on Profitability or Not?

Both Sides of the Table

You have to understand whether they’re likely to yield revenue growth in the near term OR whether you have access to cheap enough capital to fund your losses until your investments pay off. They have have raised $2-3 million, built a product that has some amount of market traction and got to annualized revenues of around $1 million.

Startup 418
article thumbnail

Beware of Ballers on a Budget

Both Sides of the Table

Work on budgets, submit RFPs, answer customers support calls, work the bug-tracking software, and trying to meet the next sprint release schedule. Your 2am coding session is more important than their 2am cocktails on the redeye back from Japan where they have no customers. Sell stuff. Your 8-year-old Toyota is just fine.

article thumbnail

10 Keys To Surviving Startup Cash Flow Requirements

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers. It always reduces risk to plan your business first. Apply for contests and business grants.