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Startups Should Focus On Their Net Profit Score Not Potential Promoters

InfoChachkie

As crazy as this scenario sounds, it is very similar to the “scoring process” companies engage in when they track Net Promoter Scores. A company''s Net Promoter Score (NPS) is a beloved metric slavishly tracked and reported by product marketing and customer support executives of both established and nascent enterprises.

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Interview with Wil Schroter, Fundable

socalTECH

If you're a startup business owner, how do you get to the next step, and build your first product? That's the idea behind a new startup, Fundable , headed by serial entrepreneur Wil Schroter , which allows you to use rewards -- product, company schwag, an even equity -- as a tool to get your startup to the next stage.

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Lean on Your Networks When Making Early Hires

Tech.Co

Especially in the early days of your startup, when you’re often only months from running out of money, hiring the wrong person can be disastrous. And if, like us, you spend the first six months of your startup under a rock, your social capital may begin to dry up. 4 Ways Startups Can Structure Job Interviews to Avoid Bias.

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Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

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. Whenever we encountered a prospect who attempted to nickel-and-dime us with an unreasonable request, we referred to them as “wanting a rib.”. Share and Enjoy.

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

So pervasive has this thinking become that on several occasions startup companies with profitable & fast growing services businesses have come to me wanting to show me the product businesses they created internally to see whether they would be financeable or whether they might be able to create “spin outs&# that could be financed.

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Are You an Entrepreneur?

InfoChachkie

Some first-time entrepreneurs mistakenly believe that they are not entrepreneurs because they have never invented anything nor have they come up with a novel idea upon which a company could be built. Dreaming is great, but if you never wake up and act upon your dreams you might as well stay in bed. Entrepreneur Does Not Equal Inventor.

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Boomers are Looking for Another Bite at the Apple

Startup Professionals Musings

The buzz from startup executives, especially high-tech ones, has long been that startups are no place for Baby-Boomers (1946-1964) – you must have the high energy and crazy determination to work 20-hour days to succeed. News & World Report , people over 40 were key players in 86.6% of startup businesses as far back as 2005.

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