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How to Handle Competition as a Startup

The Startup Magazine

These systems apply complex algorithms to parse sales data, forecast demand trends, and manage stock levels efficiently. Reviewing customer feedback about competitors also sheds light on market expectations and common complaints. Take, for example, businesses in the fashion industry.

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How Artificial Intelligence Can Help Your Business

YoungUpstarts

As more and more of these seemingly magical uses of artificial intelligence come to be realized, there is also an increasing awareness developing of just how much we can achieve with truly intelligent machines and pieces of software. Stock Management. This process was time consuming as well as potentially inaccurate due to human error.

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Strategies to Improve Cash Flow Management for Startups

The Startup Magazine

Yet, most small businesses fail due to poor cash flow management. For example, startups might find they are paying for unused software subscriptions or can renegotiate vendor contracts to save costs. Startups can use just-in-time (JIT) inventory systems to order stock only when needed.

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Watching Larry Ellison become Larry Ellison — The DNA of a Winner

Steve Blank

Basically if you didn’t code or sell, you were semi-worthless. Which is why I had OEM sales as part of marketing—we had to earn our keep.). Larry was loathe to sell any of the company stock; he generally took a dim view of VCs and preferred to bootstrap. I wonder if he took stock or cash. Irresistible Salesmanship.

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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 GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

This article first appeared on the Harvard Business Review blog. In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup.

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Why Uber is The Revenge of the Founders

Steve Blank

A version of this article is in the Harvard Business Review. To turn your company’s stock into cash, you engaged a top-notch investment bank (Morgan Stanley, Goldman Sachs) and/or their Silicon Valley compatriots (Hambrecht & Quist, Montgomery Securities, Robertson Stephens). This seems to be occurring more and more.

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