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Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

A version of this article previously appeared in the Wall Street Journal. As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. If you haven''t already subscribed yet, subscribe now for free weekly JohnGreathouse.com articles! Wayne Gretzky.

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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.

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Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

A version of this article previously appeared in Forbes. If you haven''t already subscribed yet, subscribe now for free weekly JohnGreathouse.com articles! When we launched GoToAssist, we offered our customers the option to brand the customer-facing webpages with their logo and brand colors. How Much For A Rib?

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If Your Passion Is Saving The Environment, Start Here

Startup Professionals Musings

Al Gore, by just talking about it, still seems to be leading the way in monetization, having amassed an estimated net worth reported recently as around $300 million. Choose Energy, and others highlighted in this recent Investopedia article. The ideas are endless, but we need more smart entrepreneurs to implement them.

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Lean on Your Networks When Making Early Hires

Tech.Co

Below we’ll outline how to squeeze those last drops of talent out of your own social circles, how to incentivize current employees to lure in potential candidates in their networks, and how to entice “superconnectors” to recruit through their own far-reaching nets. I suggest to customize your pitch for them. Tap Into Your Network.

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Boomers are Looking for Another Bite at the Apple

Startup Professionals Musings

In case you think that all of these are employed by big companies, listen to these statistics: According to an article in U.S. News & World Report , people over 40 were key players in 86.6% Customer Service. of startup businesses as far back as 2005. Angel Investor. Executive Assistant (aka Secretary).

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Public Company Executives Rarely Adapt To A Startup

Startup Professionals Musings

I agree with the seven survival challenges from Michael Fertik, in an old Harvard Business Review article , for executives making the transition: Empire-building skills are counter-productive. Similarly, acquiring a larger footprint of direct reports is often a sign of success at large businesses. Never cover your a$$. Marty Zwilling.

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