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7 Government Small Business Grants to Apply For in May 2024

Tech.Co

We also offer some advice for writing your application, to make sure your proposal is as competitive as possible. million for products and services, and $5.5 The ultimate aim of the program is to provide minority business enterprises (MBEs) with access to funds, contracts, and market opportunities both in the US and globally.

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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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8 New Ways To Focus On Customers For Trust And Profit

Startup Professionals Musings

Customer expectations of a relationship and personalization are stretching every business today, and pervasive use and confidence in social media by customers can override all your image building and marketing messages. Supplement this feedback with more formal modern satisfaction surveys, like the Net Promoter Score.

Customer 133
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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!” If you have a market lead then raising capital and making investments now will help you as others enter the market. Operating Costs.

Startup 418
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5 Unique Elements Make A Winning Selling Proposition

Startup Professionals Musings

Investor and customer attention spans are short, and both will write you off quickly. Investors realize that the resources and risk required to hit both markets concurrently are great, so they will likely look for focus, or a staged approach. Great products solve painful real problems, and are not just “nice to have” or “easier to use.”

.Net 73
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Should Startups Care About Profitability?

Both Sides of the Table

Is it one product line or multiple? For example, if you sell your product through a third-party reseller who charges 30% of any sale then your COGS will be 30% of revenue (assuming no other costs of sales). They used the money to hire a bigger tech team so they could roll out their second product line. Not necessarily.

Startup 227
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Why The Media Has Been Wrong About YouTube Networks

Both Sides of the Table

For much of 2013 I watched the press write articles about how the YouTube “MCNs” (multi-channel networks) were doomed and tried to square that with the data I was watching at the one I invested in, Maker Studios, who has had one hell of a year. Selling at smaller retailers will net you fewer customers and higher margins.