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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

Entrepreneurs have no trouble focusing on how to build a product, and the good ones know how to find and nurture those first critical customers. What Iā€™m talking about here is a level of discipline and skill necessary to collect and analyze the relevant business data, known as metrics. Cost of customer acquisition.

Metrics 100
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7 Startup Laws Of Finance That You Dare Not Shortcut

Startup Professionals Musings

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. I found a good summary of the most common mistakes in a classic book by Kelly Clifford, ā€œ Profit Rocket ,ā€ written primarily to help you on the other side of the equation ā€“ skyrocket your profits. In startups, cash is king.

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How Startups Can Use Metrics to Drive Success

Both Sides of the Table

Having a set of metrics that you watch & that you feel are the key drivers of your success helps keep clarity. And the more public you can make your goals for these key metrics the better. Only one guy in the room knew ā€“ their tech lead. In our next meeting I asked them how often it crashed. lowering $1.50

Metrics 346
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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

There has been a lot of public debate over the past several weeks about whether itā€™s a good thing to be ā€œgross margin positiveā€ or not and commentary always reminds me that some people at startups donā€™t quite understand financial metrics or even how to think about which ones are healthy. So if youā€™re able to raise easily no problem.

Metrics 150
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7 Key Entrepreneur Habits Highlight Execution Ability

Startup Professionals Musings

As a small business and startup advisor, I find that entrepreneurs often love to talk about their latest idea, but not their execution. For example, Elon Musk is recognized as a visionary entrepreneur, but his fortune and his impact has come from the great companies he has built, including SpaceX, Tesla Motors, and PayPal.

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7 Entrepreneur Oversights That Will Crash Profits

Startup Professionals Musings

A closer analysis often indicates the cause to be a lack of diligence in handling common business finances. I found a good summary of the most common mistakes in a recent book by Kelly Clifford, ā€œ Profit Rocket ,ā€ written primarily to help you on the other side of the equation ā€“ skyrocket your profits. In startups, cash is king.

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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

Almost every entrepreneur and new business owner I mentor is certain that his/her idea has a very high probability of success, and all find it hard to believe that ninety percent of startups ultimately fail. Bill Gates was the technical genius, but Steve Ballmer, from Procter & Gamble, ran the business side of the equation.