article thumbnail

8 Strategies To Drive Your Startup To Profitability

Startup Professionals Musings

Too many entrepreneurs don’t know what to do at this point, largely accounting for a disappointing 50 percent of startups that fail in the first five years, according to InvoiceTracker. Others do far too little, assuming the viral effect and word-of-mouth will soon kick in, and sales will suddenly grow exponentially.

Startup 134
article thumbnail

5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Getting a sales contract before manufacturing inventory.

Insiders

Sign Up for our Newsletter

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

article thumbnail

8 Keys To Scaling The Business After Initial Traction

Startup Professionals Musings

Too many entrepreneurs don’t know what to do at this point, largely accounting for that disappointing 50 percent of startups that fail in the first five years, according to Gallup. Others do far too little, assuming the viral effect and word-of-mouth will soon kick in, and sales will suddenly grow exponentially.

article thumbnail

Investors Measure Entrepreneurs By Cashflow Mileage

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cashflow personally every day. Getting a sales contract before manufacturing inventory.

article thumbnail

5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Getting a sales contract before manufacturing inventory.

article thumbnail

5 Keys To Minimizing The Burn Rate For Your Startup

Startup Professionals Musings

Desperate entrepreneurs lose their leverage and die young. As a mentor to many entrepreneurs and startups, here are my best recommendations for keeping the burn rate low, planning ahead and maintaining credibility with investors: Manage cash flow personally every day. Getting a sales contract before manufacturing inventory.

Startup 89
article thumbnail

You Don’t Need to be Rich to be an Entrepreneur

Startup Professionals Musings

Do basic Search Engine Optimization (SEO) and Marketing (SEM) yourself. Sales and marketing costs. As a result, being an entrepreneur in now within the financial reach of almost everyone. Skip the IT consultants and build an entry website yourself to save $50K. That wasn’t even possible a few years ago.