Startup Professionals Musings

NOVEMBER 14, 2012

What I’m talking about here is a level of discipline and skill necessary to collect and analyze the relevant business data, known as metrics. Here is my selection of ten key metrics that every six-sigma joint like GE tracks without thinking, but too many small businesses only monitor haphazardly, if at all: Sales revenue.

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Metrics Startup Sales Statistics 106

Berkonomics

JUNE 16, 2022

We can invent lots of metrics to measure progress for a leader, including revenue, profit, employee satisfaction, cost containment, percentage of available market, and more. And that’s not as easy as “simply” selling the company or achieving a financial goal over time. What is your leadership end game goal?

Resource 156

Resource Satisfaction Metrics Course 156

Both Sides of the Table

SEPTEMBER 15, 2022

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. First in late-stage tech companies and then it will filter back to Growth and then A and ultimately Seed Rounds.

Venture Capital 416

Venture Capital Marketing Technical Review Seed Funding 416

Berkonomics

JUNE 24, 2021

These are not the strategic visionary skills, like leading companies through risky product launches, or steering the course through economic storms where leaders become oversized personalities for their superhuman efforts. These are the skills of daily operation, the ones that make or break a company – from the top.

Organization 156

Organization Coach Metrics Training 156

Startup Professionals Musings

MAY 27, 2023

Soon you won’t be able to name a business as one of your favorites if you can’t personally visualize and relate to company leadership. In the same way, great entrepreneurs and company leaders should no longer rely on faceless and nameless processes to drive business strategy and innovation to stay competitive.

Customer 140

Customer Custom Social Media Metrics 140

Both Sides of the Table

SEPTEMBER 10, 2021

We have global opportunities from these trends but of course also big challenges. Technology solutions are now used by authoritarians to monitor and control populations, to stymie an individual company’s economic prospects or to foment chaos through demagoguery. Of course we can’t. Hot, Flat & Crowded.” By definition?—?I’m

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Startup Professionals Musings

MAY 30, 2022

Of course, not every entrepreneur wants to tackle this challenge. According to one study a decade ago, only 45% of founders plan to exit after stage one, and my guess is that less than half the remainder survive the next stage in their own company. Managing business growth is more than metrics.

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Sales Metrics Guide Startup 147

Tech.Co

NOVEMBER 28, 2022

Currently, TikTok relies heavily on digital advertising to bring in revenue, although this has not been as reliable of a profit stream in recent months as it has previously and is forcing the company to look for alternative ways to make money. By some metrics, certainly not. A Mountain to Climb.

Social Media 151

Social Media Startup Commerce News 151

Startup Professionals Musings

JANUARY 9, 2022

They randomly churn for hours a day on a couple of their favorite social media platforms, with little thought given to goals, objectives, or metrics; and ultimately give up and fall back to traditional marketing approaches. Create an action plan with metrics. You spend the months influencing the influencers. Marty Zwilling.

Social Media 135

Social Media Framework Media Metrics 135

Startup Professionals Musings

AUGUST 21, 2021

Of course, that means a mindset willing to give up much more equity, and taking on a whole new level of risk. In my experience, less than half of founding entrepreneurs even aspire to stay and scale their company. Of course, customer relationships, and penetration into new market segments are also critical elements.

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Startup Course Sales Entrepreneur 151

Startup Professionals Musings

MARCH 18, 2020

Set up training courses that highlight agility, and adopt agile working practices. You need to maintain explicit C-suite and Board buy-in for constant transformation through effective communication, highlighting the struggles of peer businesses, and establishing the right metrics.

Metrics 122

Metrics Training Satisfaction IBM 122

Startup Professionals Musings

OCTOBER 18, 2023

As a mentor to many entrepreneurs, I also encourage an entrepreneur exit focus early, and I really like the specific steps outlined in the classic book, “ Exit Signs ,” by Pamela Dennis, who has helped companies through this critical transition for decades. Running a mature company is totally different from running a startup.

Startup 99

Startup Entrepreneur Metrics Acquisition 99

Both Sides of the Table

JULY 21, 2014

And as I always assert, “Great companies are built in downturns. And it’s when mediocre companies get pulverized.” Of course back then it literally was sold in a package and stored on a shelf! I remember, for example, when business intelligence swept through companies globally.

Marketing 354

Marketing Case Study Metrics Sales 354

Startup Professionals Musings

OCTOBER 13, 2021

Of course, it takes both short and long-term focus to survive, but I see too many businesses fall into some common product maladies, which ultimately keep them from becoming a unicorn, or achieving the level of disruptive change they initially envisioned. Hypermetricemia – metrics for everything.

Metrics 133

Metrics Product Yahoo Examples 133

Berkonomics

DECEMBER 11, 2014

These are not the strategic visionary skills, like leading companies through risky product launches, or steering the course through economic storms where leaders become oversized personalities for their superhuman efforts. These are the skills of daily operation, the ones that make or break a company – from the top.

Organization 220

Organization Metrics Training Course 220

Startup Professionals Musings

NOVEMBER 7, 2022

After many years in business, working in large companies as well as startups, I’m no longer surprised at why mature and successful companies struggle with introducing innovative new ventures as the market and environment changes. Make sure everyone comes with an entrepreneur mindset for real innovation.

Incubator 143

Incubator Seed Funding Metrics Customer 143

Startup Professionals Musings

JUNE 24, 2020

Of course, it could be your level of experience, or the quality of your team, but the difference is often more related to the lifecycle stage of the market you are trying to enter. Many investors and big companies are putting money into this space or adding it their product line today. Of course, getting money doesn’t assure success.

Marketing 174

Marketing Startup Artificial Inteligence Technical Review 174

Startup Professionals Musings

AUGUST 31, 2020

Soon you won’t be able to name a business as one of your favorites if you can’t personally visualize and relate to company leadership. In the same way, great entrepreneurs and company leaders should no longer rely on faceless and nameless processes to drive business strategy and innovation to stay competitive.

Social Media 128

Social Media Metrics Customer Custom 128

Startup Professionals Musings

APRIL 17, 2017

Of course, nobody really knows all of what tomorrow will bring, in terms of globalization, digital technology, or demographic shifts, but most experts agree that certain elements are already obvious, and things must be done today to get your business ready in time. Company culture drives decision making and process.

Company 55

Company Companies Artificial Inteligence Technical Review 55

Startup Professionals Musings

JANUARY 9, 2021

As a mentor to many entrepreneurs, I also encourage an entrepreneur exit focus early, and I really like the specific steps outlined in the classic book, “ Exit Signs ,” by Pamela Dennis, who has helped companies through this critical transition for decades. Running a mature company is totally different from running a startup.

Startup 173

Startup Entrepreneur Metrics Acquisition 173

Berkonomics

APRIL 14, 2016

As a leader, you set the goals, establish the strategies and tactics to get there (with help from others of course) and sell the dream to all of your stakeholders. push for achievement – hopefully establishing a realistic set of strategies and accurate metrics to measure progress along a timeline.

Education 120

Education Metrics Course Resource 120

Berkonomics

MARCH 1, 2018

And it is one of the most important lessons you can learn as a manager or board member of a company or a non-profit enterprise. The CEO spoke, shared metrics, spoke of issues to be addressed during the coming week, and did a fine job of pointing the assembled troops in the right direction. If that fits, well then, this one is for you.

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Report Metrics Organization Education 226

Startup Professionals Musings

SEPTEMBER 23, 2022

She concludes from her work with many modern business leaders, including CEOs Bud Frankel (Frankel & Company) and Glen Tullman (7wire Ventures), that there are five pivotal decisions that propel certain entrepreneurs to be gifted leaders: The launching decision. Proactively sets metrics and track goals.

Startup 141

Startup Ideas Entrepreneur Framework 141

Both Sides of the Table

JANUARY 25, 2015

The law of large numbers, platforms that can make your company blow up unexpectedly and the trendy nature of tech markets can be deceiving. But if users don’t come back to your product directly and often I question whether you have a sustainable product / company. Not vanity metrics. Success for many is ephemeral.

Product 150

Product Startup Metrics Technical Review 150

TechCrunch LA

MARCH 19, 2021

That means good things for companies like CarbonChain , Persefoni , ClimateView , and SINAI Technologies , which all have offerings meant to help with carbon accounting and management. With this move, Los Angeles wants to hitch its wagon to this momentum and is actively looking for tech busineses that can help with carbon accounting.

Los Angeles 192

Los Angeles Marketing Study Angel 192

Startup Professionals Musings

APRIL 3, 2019

They randomly churn for hours a day on a couple of their favorite social media platforms, with little thought given to goals, objectives, or metrics; and ultimately give up and fall back to traditional marketing approaches. Create an action plan with metrics. You spend the months influencing the influencers. Marty Zwilling.

Social Media 96

Social Media Media Marketing Metrics 96

Both Sides of the Table

SEPTEMBER 28, 2013

Of course not. You took the risk to start your company. Startups have to be optimists because no rational person would actually believe you could build Uber into the amazing company that it is today. Of course you need to be open. I worked with a startup CEO who decided he wanted to sell his company. It was not.

Startup 417

Startup Course Venture Capital Writing 417

Startup Professionals Musings

AUGUST 1, 2021

Of course, experiences and failures are the best teachers, but I find that learning from other people’s experiences is a much faster and less painful approach. You can’t build a great company without help. Data – Define a handful of key metrics to free you from managing personalities, egos, subjective issues, emotions, and intangibles.

Entrepreneur 174

Entrepreneur Search Engine Optimization Satisfaction Social Media 174

Startup Professionals Musings

SEPTEMBER 1, 2019

Of course, not every entrepreneur wants to tackle this challenge. According to one study a while back, only 45% of founders plan to exit after stage one, and my guess is that less than half the remainder survive the next stage in their own company. Managing business growth is more than metrics.

Startup 97

Startup Sales Metrics Guide 97

Startup Professionals Musings

AUGUST 27, 2023

Everyone in the company must adopt the principles of customer-first focus, agility in responding to change, and constant innovation to improve your processes as well as the solution. Of course, margin and profitability are important, but must be committed to adding more value to the lives of your clients, and making the world a better place.

Customer 91

Customer Custom Marketing Startup 91

Berkonomics

MARCH 31, 2016

We can invent lots of metrics to measure progress for a leader, including revenue, profit, employee satisfaction, cost containment, percentage of available market, and more. And that’s not as easy as “simply” selling the company or achieving a financial goal over time. So, how would you measure your effectiveness as a leader?

Resource 120

Resource Satisfaction Metrics Course 120

Startup Professionals Musings

AUGUST 19, 2022

Data, however, removes guesswork, biases, and anecdotal reasoning that can throw decision efforts off course. Use data analysis and metrics to measure for results. Most companies I know will claim to be busy collecting and analyzing data, but very few actually use it to drive people management.

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Tool Statistics Entrepreneur Metrics 121

Berkonomics

APRIL 8, 2021

Discord is a great example of a company going viral mostly from word of mouth. I was chairman of a company that distributed its product through over one hundred fifty retail Internet travel channels, all websites where someone else spent the money attracting their users and attempting to go viral. Fourth: measurement.

Sites 156

Sites Product Social Network Press 156

Berkonomics

SEPTEMBER 25, 2014

I am past chairman of a company that distributes its product through over one hundred fifty retail Internet travel channels, all websites where someone else spent the money attracting their users and attempting to go viral. Well-tuned metrics are an absolute must. Email readers, continue here.] Second: channels. Fourth: measurement.

Social Network 179

Social Network Metrics Ideas Sites 179

Startup Professionals Musings

SEPTEMBER 22, 2021

Of course, you need to show how your business will make money and provide an impressive investor return, but that should be only the beginning. These show a focus on the business elements required for success, and metrics for ensuring accountability, management control, and feedback along the way.

Ideas 140

Ideas Entrepreneur Equity Resource 140

Startup Professionals Musings

JANUARY 26, 2022

Richard Branson , who manages many companies, even provides feedback by walking around the cabin and talking directly to his key staff during his Virgin flights. Make sure they are seen as based on metrics, and belong to the performer. We have all heard the excuse of “not enough time.” But when there is a will, there is a way.

Coach 145

Coach Slides Social Network Metrics 145

Both Sides of the Table

NOVEMBER 27, 2011

There are very few people in Silicon Valley who have such a precise grasp on what defines success of early-stage startup companies than Eric Ries. should companies do spreadsheets / plan / have a hypothesis for success? how do you handle internal company morale? 9:14 What was the root cause of the failure of your first company?

Social Media 301

Social Media Startup Metrics Media 301