Berkonomics

AUGUST 3, 2023

Some businesses require very little capital and the founder can self-finance the enterprise and retain 100% of its ownership and control from ignition through liquidity event (startup through sale). Bootstrapping: This term describes your ability to start a business with little investment and grow it using internally generated funds.

Venture Capital 295

Venture Capital Startup Class Invest 295

Startup Professionals Musings

JANUARY 6, 2020

The way to start is with a sample financial model, available from many sources on the Internet, such as over 200 downloadable free from the Corporate Finance Institute website. For maximum value with the least effort, focus on only the “what ifs” that are the highest priority in your mind for your own startup. Marty Zwilling.

Startup 123

Startup Pricing Sample Customer 123

InfoChachkie

NOVEMBER 18, 2010

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. Net Promoter Scores (NPS) are the darling of many Big Dumb Company (BDC) product marketing and customer support executives. Turning Net Promoters Into Net Profits. Shots On Goal.

.Net 168

.Net Satisfaction Customer Custom 168

Berkonomics

OCTOBER 5, 2023

Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. The art of good management.

Venture Capital 296

Venture Capital Product Marketing Resource 296

InfoChachkie

NOVEMBER 18, 2010

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. Net Promoter Scores (NPS) are the darling of many Big Dumb Company (BDC) product marketing and customer support executives. Turning Net Promoters Into Net Profits. Shots On Goal.

.Net 182

.Net Satisfaction Entrepreneur Customer 182

Both Sides of the Table

JUNE 17, 2017

There are certain topics that even some of the smartest people I talk with who aren’t startup oriented can’t fully grok. It’s common cocktail party chatter to hear people confidently pronounce that some well known startup is sure to blow up because, “How could they succeed when they’re not even profitable!”

Startup 227

Startup Venture Capital Sales Course 227

Both Sides of the Table

DECEMBER 27, 2011

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!” Exec Summary: Most companies (98+%) in the world (even tech startups) should be very profit focused. One of them is profitability.

Startup 418

Startup Venture Capital Sales Technical Review 418

Startup Professionals Musings

AUGUST 29, 2020

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” On the other hand, there are many additional creative options available for starting a business that you might not find for buying a car, home, or other major consumer item. Trade equity or services for startup help.

Funding 174

Funding Startup Equity Examples 174

Startup Professionals Musings

MAY 13, 2020

He nets out five specific mindsets that I assure you will help any of you as a leader communicate more openly and more successfully: Be convinced you have a valuable contribution to make. For example, every business team needs focus and direction to be productive. Always open to be influenced by new information.

Startup 124

Startup Ideas Examples Metrics 124

TechCrunch LA

OCTOBER 5, 2020

Today, one of the companies that is supplying produce and other items both to consumers and other services that are in turn selling food and groceries to them, is announcing a new round of funding as it gears up to take its next step, an IPO. ” I don’t doubt that he means it.

Technical Review 343

Technical Review Startup Marketing San Diego 343

Startup Professionals Musings

JANUARY 12, 2019

Every startup founder knows implicitly that startup success is a long hard road. Even then, it struggled through the 80’s and 90’s, until the advent of the iMac and consumer products. Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet.

Startup 111

Startup Yahoo IBM IBM 111

InfoChachkie

JANUARY 5, 2015

In his premier film appearance in the blaxploitation send-up “I’m Gonna Git You Sucka,” Chris Rock inadvertently addresses a key pricing challenge faced by most entrepreneurs. A recurring entrepreneurial challenge is to determine the optimal price of a new product, especially absent a directly competitive alternative. Price = Value.

Pricing 100

Pricing Product Startup Customer 100

Both Sides of the Table

FEBRUARY 20, 2012

Tracy DiNunzio isn’t your typical Silicon Valley startup founder. She did her first tech startup after the age of 30. And she didn’t start her company in Northern California. She leveraged herself and even sold many of her possessions to get started. She started her business from a personal need.

Startup 363

Startup Entrepreneur SEO Venture Capital 363

Startup Professionals Musings

APRIL 21, 2023

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Startups which display real innovation, such as alternative energy sources and new medical treatments, are still rare. New product process. Net result and reward. Failure is the best teacher.

Coach 137

Coach Metrics Competition Ideas 137

Startup Professionals Musings

NOVEMBER 8, 2021

More recently, the desire for extra income has become the key driver in new startups, according to the popular press. Every lifestyle entrepreneur starts their business to be their own boss and follow their passion, so they don’t even think about having investors, a board of directors, or going public. There is no free lunch for money.

Entrepreneur 148

Entrepreneur Startup Equity Course 148

Startup Professionals Musings

DECEMBER 9, 2019

To refresh your memory, angel investors are typically high net worth individuals, accredited by the SEC and willing to invest their own money in a high-potential startup for a share of the ownership. Business-to-business products need professional investors. Crowdfunding is not the best platform here.

Funding 119

Funding Startup Platform Examples 119

Both Sides of the Table

JULY 6, 2016

I even prefer to fund entrepreneurs who have experience some level of set-backs in their careers or startups because I think it brings a humility to decision-making that I find healthy. I talk about failure a lot because I think it can be tremendously instructive and I think that success without failure often masks underlying lessons.

Startup 261

Startup Press Blogging .Net 261

Both Sides of the Table

APRIL 16, 2011

To be effective at sales you need to really understand the business of the person who will buy your product. It’s the key to growing a successful business and is a theme the Steve Blank plays up a lot. You need to keep your relationships up.&#. You already know that&# ), in sales and more broadly as an entrepreneur.

Startup 311

Startup Sales Venture Capital Entrepreneur 311

Startup Professionals Musings

JULY 9, 2021

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

Entrepreneur 156

Entrepreneur Tips Funding Startup 156

Startup Professionals Musings

JANUARY 26, 2019

More recently, the desire for extra income has become the key driver in new startups, according to the popular press. Every lifestyle entrepreneur starts their business to be their own boss and follow their passion, so they don’t even think about having investors, a board of directors, or going public. There is no free lunch for money.

Startup 77

Startup Equity Entrepreneur Course 77

Startup Professionals Musings

MAY 15, 2019

Steve Blank via Flickr by jdlasica I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. Process myth: Why building a product leads to failure. It’s time for a new startup model.

Startup 98

Startup Technical Review Customer Custom 98

Startup Professionals Musings

OCTOBER 12, 2014

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?” On the other hand, there are many additional creative options available for starting a business that you might not find for buying a car, home, or other major consumer item. Trade equity or services for startup help.

Startup 113

Startup Entrepreneur Funding Equity 113

Startup Professionals Musings

AUGUST 4, 2017

Not so long ago, every business assumed that the keys to success were the highest quality product, the best value for the buck, and the best customer service. Exploit your product and service differences. You must be able to highlight these differences between your products and services, and those of your competitors.

Customer 85

Customer Custom Product Marketing 85

Startup Professionals Musings

OCTOBER 13, 2014

Mid-level or even top executives who “grew up” in large companies often look with envy at startups, and dream of how easy it must be running a small organization, where you can see the whole picture and it appears you have total control. This transfers well to startups, and should give you an advantage. Never cover your a$$.

Startup 103

Startup Company Companies Training 103

Startup Professionals Musings

OCTOBER 30, 2021

Every startup founder knows implicitly that startup success is a long hard road. Even then, it struggled through the 80’s and 90’s, until the advent of the iMac and consumer products. Google - Larry Page and Sergey Brin started working on Google in 1996 – but three years later in 1999, few people had even heard of it yet.

Yahoo 127

Yahoo IBM IBM Startup 127

InfoChachkie

OCTOBER 3, 2011

So they don’t have enough dots to connect, and they end up with very linear solutions without a broad perspective on the problem. Everything Is A Remix – Including Your Startup. Nobody starts out original. The collective 28-minutes required to view the videos will net you far more than another episode of Modern Family.

Startup 255

Startup High Tech SaaS .Net 255

Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. A target market is the group of customers that the startup plans to attract through marketing and sales their product or service. Production.

Sales 102

Sales Customer Custom Outsource 102

Startup Professionals Musings

FEBRUARY 28, 2015

The way to start is with a sample financial model, freely available from many sources on the Internet, such as this one from Entrepreneur. Another alternative is to build one yourself, starting with a few formulas to extrapolate early revenues and expenses into the five-year projections normally requested by banks and investors.

Startup 103

Startup Pricing Sample Customer 103

Startup Professionals Musings

FEBRUARY 14, 2022

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers. I found their five phases of the process to be compelling, based on my own years of experience mentoring startups: Nail the pain.

Technical Review 143

Technical Review Customer Custom Entrepreneur 143

InfoChachkie

JULY 9, 2013

In addition to being a classic children''s tale of good versus evil, the film also contains some surprising 2013 job hunting tips for joining a startup. Though you seldom encounter orcs or dragons in the startup world, the inevitable perils and risks of a startup are more akin to joining an adVenture than simply accepting a job.

Startup 230

Startup Technical Review Tips RSS 230

socalTECH

NOVEMBER 21, 2019

In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. READ MORE>>.

Southern California 133

Southern California Commerce Acquisition .Net 133

Startup Professionals Musings

OCTOBER 8, 2023

contributes more than $25 billion to fund 70,000 startups every year. In fact, there are a few key sites to help you find angels, including AngelList and Gust , but these don’t tell you very much about how angels work, and how to find the right ones for your startup. Their realm fits between crowdfunding and venture capital sources.

Venture Capital 106

Venture Capital Angel Seed Funding Invest 106

Startup Professionals Musings

JULY 25, 2020

As a startup advisor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. Startups which display real innovation, such as alternative energy sources and new medical treatments, are still rare. New product process. Net result and reward. Failure is the best teacher.

Coach 144

Coach Metrics Social Network Competition 144

Startup Professionals Musings

APRIL 14, 2014

Sponsored by VISA Business If you have a unique product or service, and you are not selling it around the world on the Internet, now is the time to start. In the early days (20 years ago), most new e-commerce sites, for example, cost a million dollars to set up. Start simple. The cost of entry has never been lower.

Startup 100

Startup Commerce Sites Blogging 100

Both Sides of the Table

OCTOBER 7, 2014

” Here’s how all the drama started for me. A rounds back then seemed to be anywhere from $2-3 million (LA or NYC) or up to $5 million in Silicon Valley. $5 So VCs started writing some smaller A-rounds. If you want a great primer on how the VC and startup funding scene changed here’s a great primer.

Seed Funding 399

Seed Funding Venture Capital Startup Entrepreneur 399

Startup Professionals Musings

JULY 15, 2015

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

Startup 104

Startup Writing Entrepreneur Slides 104

socalTECH

JULY 3, 2018

Los Angeles-based Funraise , the Los Angeles startup which develops customer relationship management (CRM) and other technology for nonprofits, says it has created a new, $600,000 fund to provide grants to nonprofits. Application for its first round of grants are due by July 31st.

Funding 113

Funding Southern California Technical Review .Net 113