Remove with-greathouse-comes-great-responsibility
article thumbnail

Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

As noted in Pour and Stir Part I , the key to the successful execution of this strategy is managing the following equation: The cost to acquire a customer < lifetime value of a customer. Decreasing Your Customer Acquisition Costs. This is equivalent to being handed a free customer for every ten customers you acquire.

Customer 164
article thumbnail

How Boards Need to Evolve Over Time

Both Sides of the Table

The functions of an early-stage board are pretty obvious and well understood: Providing introductions to customers, biz dev partners, recruits, the press, other investors, etc. Over time you start to figure out who you customers are and how to sell to them or how to get them to adopt your products if you’re a consumer-oriented startup.

Startup 325
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

George Powell – Doing Well By Having Fun

InfoChachkie

John Greathouse: You pulled out your old college skateboard in the early 1970’s when your son wanted one. Greathouse: What was the turning point, from making a wheels by hand in your kitchen to creating a business? I grew to love many things about skating as I got into the industry I helped to create.

Mentor 100
article thumbnail

Don’t Let Your Startup O.D. On Cash

InfoChachkie

If there happens to be a gas station along the way where you can fill up for a reasonable price, great. The following simple (and admittedly obvious) tactics will result in real savings and will help to ensure that your employees spend the company’s money as if it were their own. Sound counterintuitive? However, do not count on it.

Startup 100
article thumbnail

Roping in the Legal Eagles

InfoChachkie

Working with startup lawyers also minimizes the risk of losing control of your adVenture, as they can help you avoid common fundraising and investor pitfalls. In addition, such an arrangement will further cement your lawyer’s incentive to help you succeed. Even so, the majority of firms focus on servicing well-established BDC’s.

article thumbnail

The 12 Laws Of Entrepreneurial Power

InfoChachkie

Yet when viewed through the prism of honor and transparency, a handful of Mr. Greene''s laws offer helpful counsel to forthright entrepreneurs. Few customer pitches are too brief - fulfill your customers'' needs by saying less and listening more. 3) Law 8 - Make Other People Come To You – Use Bait If Necessary.

Hollywood 227
article thumbnail

This Philanthropist Is Winning Skirmishes With Poverty By Tapping Into An Inner City’s Entrepreneurial Spirit

InfoChachkie

Our fantastically inefficient Federal Government could learn a great deal from the folks at ABC. My pleasure John, thank you for helping us spread the word about our program. A Better Chicago helps the most promising programs to scale up to really make a difference. ABC''s Founder And CEO Speaks Out.