Remove 2019 Remove Demand Remove Metrics Remove Startup
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Who Should be on Your Startup Board?

Both Sides of the Table

Do you need a board when you first start you company? If you haven’t raised any money or if you raised a small round from angels or friends & family I would suggest you avoid setting up a formal board unless the people who would join your board are deeply experienced at sitting on startup boards.

Startup 236
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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. Innovate In the early years of a startup there is a lot of kinetic energy of enthusiastic innovators looking to launch a product that changes how an industry works.

Startup 286
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8 Key Disciplines Are Essential To Scale Any Business

Startup Professionals Musings

With the real data from that surge, you need to take a hard look at business model realities, cost of customer acquisition, inventory costs, and other key metrics. As transaction volume increases, delivery costs go up, returns increase, and quality problems can cost you plenty. Document processes and metrics for economies of scale.

Metrics 86
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How To Tune Business Strategy For Long-Term Success

Startup Professionals Musings

The biggest challenge these days doesn’t seem to be in starting a new business, but sustaining it against the onslaught of market changes and new competitors that emerge every day. In my other role of business advisor, I see examples often of startups that may have taken success for granted too early.

Startup 88
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5 Strategies Recommended For Successful Bootstrapping

Startup Professionals Musings

They don’t seem to realize that investors can be the most demanding bosses your ever had, since it’s their money you are using and potentially losing. Sure, this may limit the type and scope of your startup, but it’s the only way to get the control and freedom you want. Marty Zwilling First published on Inc.com on 12/18/2019.

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7 Keys To Using Social Media to Kickstart Your Brand

Startup Professionals Musings

Image via Pixabay After a frustrating meeting with a small business client recently who didn’t “have time” for social media, I was surprised to find evidence on the Internet that up to one quarter of small business owners are still hesitant to invest time, money, and effort into a social media strategy.

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Customer-Centric Strategies Win Over Product-Centric

Startup Professionals Musings

In addition to quantifying the positives of the customer lifetime value metric, they address the mistakes that I see regularly in my business advisory service relative to assessing the value of customers and value, including the following: Failing to account for current customer status and stage.