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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

There has been a lot of public debate over the past several weeks about whether it’s a good thing to be “gross margin positive” or not and commentary always reminds me that some people at startups don’t quite understand financial metrics or even how to think about which ones are healthy. And of course ultimately on profitability.

Metrics 150
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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

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. As the end of the year approaches, it’s a good time for every startup to assess the metrics, technology, and platforms they’re using to manage the business. Cost of customer acquisition.

Metrics 100
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How to solve your most critical problems

Berkonomics

So, you identify the three most critical issues, perhaps with the help of the group. Define success : Think of what an ideal outcome would look like and find metrics to measure progress along the route. Simplify the process: Reexamine the definition and milestones. Here comes the important part.

Metrics 156
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10 Key Metrics To Take a Startup to the Next Level

Startup Professionals Musings

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.

Metrics 106
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The Changing Venture Landscape

Both Sides of the Table

By definition?—?I’m There are of course many Seed VCs who take board seats, don’t over-commit to too many deals and try to help with “company building” activities to help at a company’s vulnerable foundations. The market definition has changed but what we do mostly hasn’t. Are we in a bubble?”

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10 Steps To Second Stage Success For Your New Venture

Startup Professionals Musings

By definition, second-stage ventures generally have 10 to 99 employees and/or $750,000 to $50 million in revenue, and see that as just the beginning. Hire more help than helpers. Managing business growth is more than metrics. Of course, not every entrepreneur wants to tackle this challenge.

Sales 147
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7 Strategies To Solve Your Business Problems Faster

Startup Professionals Musings

Each of these will help you in achieving success and satisfaction while tackling your toughest business issues: Stop attacking symptoms – dig first for the root cause. A better definition of a problem always leads to a better solution. Don’t oversimplify – most issues have a scope greater than one dimension.