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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.

.Net 100
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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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Should Startups Focus on Profitability or Not?

Both Sides of the Table

I find it amusing when a journalist writes an article about a prominent startup (either privately held or preparing for an IPO) and decries that, “They’re not even profitable!” The most obvious way to explain this is with sales people. Gross Profit (also called Gross Margin or sometimes “Net Revenue”).

Startup 418
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Interview with Alan Horsager, Episona

socalTECH

We have done both retrospective proof-of-concept and also prospective studies to prove out the concept, which is based on probably 100 papers worth of articles published in scientific journals. Where was the technology for this developed? The onus for us is really about the technical validation of the assay.

USC 100
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A Serial Entrepreneur’s Take On Guy Kawasaki’s Enchantment

InfoChachkie

The short version of my review is: “Enchanting? If you haven’t already subscribed yet, subscribe now for free weekly Infochachkie articles! I read Enchantment anticipating that it might augment my Entrepernurial Selling class, which focuses on influence and persuasion, rather than sales tactics. Fan, Not A Fan Boy.

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Increasing Profit Margins By Decreasing Inefficiency

Tech Zulu Event

Since business conditions are constantly changing, management must be aware of trends and technologies that will give its entity the highest return on its investment. The net income is calculated by subtracting expenses from the revenue. Tracking an article from the manufacturer to point of sale to delivery may reveal some downtime.

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How to Profit: “Thank You Metrics” – Community First, Money Second

Tech Zulu Event

I am a raving fan of AppSumo because the creator of the brand, Noah Kagan , leads his company focusing on community first and sales second. To prove that point, tonight I had the privilege of hearing him speak at Lean LA , a Los Angeles group that helps high tech start-ups build great companies on a budget. It makes sense.

Metrics 87