Remove .Net Remove Competition Remove Metrics
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Should Startups Focus on Profitability or Not?

Both Sides of the Table

Gross Profit (also called Gross Margin or sometimes “Net Revenue”). And assuming they both had the same net profit margins (profit / revenue) then the former company would be much better off at the end of the year. Simplifying: Revenue -. Cost of Goods Sold (COGS) =. Operating Costs. Revenue is Not Revenue is Not Revenue.

Startup 418
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10 Steps To A New Venture That Can Change The World

Startup Professionals Musings

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Net result and reward. Ownership. Accountability.

Coach 144
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10 Keys To Real Innovation In Your Next New Business

Startup Professionals Musings

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the kay to long-term value and a sustainable competitive advantage. Net result and reward. Ownership. Accountability.

Coach 137
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How Great Entrepreneurs Spell Continuous Innovation

Startup Professionals Musings

It starts with a vision, but benefits quickly from a structured process of idea generation, evaluation, prototyping, customer feedback, and success metrics. Creating intellectual property, including patents, is the key to long-term value and a sustainable competitive advantage. Net result and reward. Ownership. Accountability.

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Track the Ten Elements of Value for Your Venture

Startup Professionals Musings

That’s because a company’s value is a composite of all of the quantitative and qualitative factors that comprise a company: revenues, expenses, risks, growth prospects, quality of the management team, competitive advantages, strength of the intellectual property, and so forth. Detail isn’t important; tracking your progress is.

.Net 89
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6 Ways To Drive Success Through Customer Experience

Startup Professionals Musings

One metric now commonly used is called the Net Promoter® Score (NPS). Satisfied but unenthusiastic customers who can be easily wooed by the competition. The formula for the Net Promoter® Score is the percentage of customers who are detractors, subtracted from the percentage who are promoters (NPS=P-D). Detractors.

Customer 100
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10 Concrete Steps to Assure Business Innovation

Startup Professionals Musings

Once a new product is launched, a key metric is the ratio of new product sales to overall sales. Net result and reward. Sustainable innovation is really the only sustainable competitive advantage. Yet survival in today’s world of rapid business change requires that you keep one step ahead of your competition.

Coach 98