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5 Strategies For Business Growth Many People Forget

Startup Professionals Musings

For example, Facebook added WhatsApp as a cross-platform messaging and Voice over IP (VoIP) service to enhance the self-sustaining growth their social media platform before any downturn. Rather than rely only on linear thinking, the best entrepreneurs are always looking to offer in parallel a more dramatic new alternative.

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Should Startups Care About Profitability?

Both Sides of the Table

I often ask entrepreneurs to consider, “What’s your objective? For example, look at the following graph. 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). The example chart is not actually atypical.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

” I mention journalists here because they perpetuate the myth that focusing on profits is ALWAYS the right answer and then I hear many entrepreneurs (and certainly many “normals”) repeating the same mantra. I have had this discussion with many a first-time entrepreneur. For example, look at the following graph.

Startup 418
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How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

In our industry we applaud the efforts for entrepreneurs to have tried and we know that today’s failure can bring the experience for tomorrow’s success. I like to use the example of a company I backed called MakeSpace because it’s such an easy an obvious market to understand. MakeSpace provides physical storage.

Startup 150
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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

Decreasing Your Customer Acquisition Costs. Ultimately, your overall customer acquisition costs should calculated as an average of a variety of marketing channels. Thus, include these unattributed customers in your overall calculation of customer acquisition costs. If you haven’t already subscribed yet, subscribe now for.

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Interview with Jody Sherman, CEO of EcoMom

socalTECH

Jody--an experienced entrepreneur who was most recently co-founder of a firm he sold to the Virgin Group, and has been involved with such firms as Lycos, Buydirect.com, and Xoom--told us the story of EcoMom, plus how he connected with McClure on the investment. Jody Sherman: I've been an entrepreneur since I got out of the military.

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Small Ideas, Big Benefits

InfoChachkie

Entrepreneurs create opportunities by creating ripples, and mini-ventures are great ripple creators. Three examples of mini-ventures carried out by me and my fellow Wharton classmates are described below. the smartass entrepreneur replied, “It’s called business. When the Professor asked, “What do you think you are doing?”

Ideas 153