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8 New Ways To Focus On Customers For Trust And Profit

Startup Professionals Musings

As an advisor to entrepreneurs, I find that I often have to remind them that the world of customers has changed since they started their last business. Pushing yourself on customers by touting features and price doesn’t work anymore. Use analytics to see why customers are buying, as well as what.

Customer 133
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If you’re lucky enough: Celebrate your exit!

Berkonomics

You no longer need to worry over daily cash or threats to your net worth. To celebrate with your customers, who worry over continuity and look to you for assurances that the transition will not negatively affect them. Write a book. Write a handwritten letter to someone who helped you make it to the finish line.

Writing 156
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
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6 Ways To Improve Your Chances Of New Venture Success

Startup Professionals Musings

To turn your passion into profits, emphasize the market, and always think about your business relative to the customers you serve. Know your markets and execute on your market opportunity by placing a priority on your customer’s experience and perception of value. Ensure that your passion adds up. Ensure that your passion adds up.

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8 Sure Signs Of Self-Doubt In Starting Your Business

Startup Professionals Musings

He writes from first-hand experience, and is now a recognized business leader, motivational speaker, and mentor to many entrepreneurs. This leads to a constant search for safety nets, backup plans, and alternatives, rather than just getting to work, doing the job, and enjoying more and more learning, as well as confidence.

Mentor 134
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5 Unique Elements Make A Winning Selling Proposition

Startup Professionals Musings

If you are looking for funding and customers for your new business, you need to identify your “unique selling proposition” (USP) right up front, in 30 seconds or less, to differentiate yourself in today’s information overload. Investor and customer attention spans are short, and both will write you off quickly.

.Net 73
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5 Tips For New Entrepreneurs Needing Investor Funding

Startup Professionals Musings

In a two-minute video clip, you can introduce yourself, show your passion and the engaging personality you need to win over customers, partners, and employees. Net out the problem and your solution in the first 30 seconds. Successful startups are all about the right people with the right stuff. Executive summary glossy.