Berkonomics

JULY 6, 2023

The technique, “OST” (objective, strategies, and tactics), is a very good way to organize your effort to find guideposts and then develop metrics to measure progress. Create a hosted “software as a service” or “on demand” addition to our product line by end of (next) year. Let’s call it “OST.” What is a strategy?

Organization 156

Organization Metrics Demand Resource 156

Berkonomics

OCTOBER 8, 2020

It is most often missed assumptions about the market, the competition, the speed of adoption, or other critical metrics you’ve researched, or selected, or even just guessed at to create your plan. No-one challenged this number, and it became an unattributed source of the metric for market size for years. Or cost estimation.

Company 156

Company Companies Metrics Resource 156

TechEmpower

NOVEMBER 13, 2023

This isn’t just our opinion - our startup metrics prove it! An empty textbox, demanding to be filled with a concise, compelling summary to impress potential employers is daunting. For example, let’s consider Mark. Everyone struggles with empty text boxes. Drop-off on the first page of an application is bad news.

Generative AI 297

Generative AI Artificial Inteligence TechEmpower Tips 297

Startup Professionals Musings

FEBRUARY 6, 2021

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. Make sure they match before you commit.

Startup 155

Startup Resource Metrics Technical Review 155

Startup Professionals Musings

JUNE 22, 2016

That should make you wonder - how do you measure traction in a metric? While thinking about the parameters of traction, and how to measure it, I was impressed with a new book, “ Scaling Lean: Mastering the Key Metrics for Startup Growth ” by Ash Maurya, a serial entrepreneur, and creator of the one-page business modelling tool Lean Canvas.

Metrics 57

Metrics Funding Startup Customer 57

Startup Professionals Musings

NOVEMBER 10, 2021

Thus there are some key things that we can do as a leader to improve people’s self confidence and ability to deliver, as well as be a better example for others: Practice what you preach on accountability. For example , Starbucks' chief executive officer, Kevin R. First of all, you need to be a role model for accountability.

Startup 132

Startup Training Metrics Examples 132

Startup Professionals Musings

MARCH 3, 2021

For example, it’s great to pursue a higher purpose, like feeding the hungry, but don’t forget that running any business is a hungry mouth you have to feed. For example, if you have ever watched the Shark Tank show on TV, they always ask about the cost of customer acquisition. Every startup demands logical changes along the way.

Entrepreneur 162

Entrepreneur Social Media Examples Metrics 162

Startup Professionals Musings

AUGUST 2, 2020

Evan Williams , for example, before cofounding Twitter, started a podcasting platform named Odeo. Use metrics in lieu of feelings to measure progress. Don’t forget to maintain a healthy balance between business and personal demands, including family, sleep, and time off for enjoyable activities.

Startup 173

Startup Mentor Activity Entrepreneur 173

Startup Professionals Musings

JULY 31, 2020

I’m not looking for words, but examples of how your habits and attributes have produced results, even before your startup. For example, Patagonia founder Yvon Chouinard made it clear from the beginning that his company mission was to save the environment, not just be another outdoor clothing seller.

Entrepreneur 124

Entrepreneur Startup Examples Metrics 124

Startup Professionals Musings

FEBRUARY 28, 2020

In business vernacular, targets are usually called metrics. A good metric has to be easily measurable, and directly correlated to results, rather than hours worked. For example, for a sales person, this metric number would likely measure new revenue or new customers. Provide incentives to focus everyone on real results.

Metrics 124

Metrics Entrepreneur Satisfaction Study 124

Startup Professionals Musings

JANUARY 6, 2021

Ongoing momentum requires a move to mainstream, or even late adopters, who demand simplicity in your base function. It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals. Build a strong employee culture focused on growth.

Technical Review 160

Technical Review Technical Advisors Startup Mentor 160

InfoChachkie

JUNE 2, 2014

The bridal party can choose to collaborate as little or as much as they want, by hosting a try-on party or having each girl try on her own dresses at her own, for example.". We keep our eye on a handful of metrics, but we’re focused on customer satisfaction. We will be moving into other categories based on customer demand.

Design 208

Design Customer Custom Satisfaction 208

Both Sides of the Table

JUNE 5, 2011

For example: If you were to invest $41 million into a company (and one could assume that you owned between 33-50%) then the company is worth $82-123 million at funding. Another firm we saw tried to raise $15 million at a $60 million pre-money with similar metrics. Here’s the problem.

Startup 336

Startup Pricing Technical Review Marketing 336

Startup Professionals Musings

OCTOBER 25, 2014

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. Make sure they match before you commit.

Startup 108

Startup Resource Metrics Technical Review 108

Startup Professionals Musings

MAY 1, 2019

For example, one of the first home grocery delivery companies, Webvan, was so enamored with early traction in Silicon Valley, it raised and spent nearly a billion dollars and went public, before filing for bankruptcy three years later. Document processes and metrics for economies of scale.

Metrics 86

Metrics Startup Training Customer 86

Startup Professionals Musings

APRIL 28, 2021

For example, I believe Bill Gates would have failed without his partners Steve Ballmer and Paul Allen. You need the funding and support, but venture capitalists can be very demanding, and set high targets. If we build it, they will come” doesn’t work in today’s worldwide information overload. Needed help can be your biggest burden.

Technical Review 131

Technical Review Case Study Mentor Software Review 131

Startup Professionals Musings

APRIL 20, 2013

I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. Define hard (data) and soft (anecdotal) metrics on the change, as well as on the quality of your leadership. Make sure they match before you commit.

Startup 101

Startup Resource Metrics Technical Review 101

Startup Professionals Musings

JUNE 10, 2020

Every investor can recite examples of passionate entrepreneurs who seek funding for a worthy cause, like feeding the hungry, without a real business case for who will pay. You can and must fix this by communicating business goals and objectives, and establishing personal metrics which only reward success.

Startup 113

Startup Examples Coach Metrics 113

Startup Professionals Musings

AUGUST 10, 2022

For example, I’m an introverted product guy who doesn’t care so much about building the personnel relationships needed to keep a motivated team. A strong vision and deep insight may get your business off the ground, but long-term success requires constant data analysis, metrics, and attention to your customer feedback.

Mentor 133

Mentor Startup Customer Custom 133

Startup Professionals Musings

SEPTEMBER 28, 2012

Social media demands two-way communication, rather than outbound only. Define relevant metrics and measure. That means first take some baseline measurements of, for example, lead arrival rate today, and costs associated with your current media marketing. Don’t mix your personal and business profiles or messages.

Social Media 115

Social Media Media Startup Social Network 115

Startup Professionals Musings

NOVEMBER 30, 2022

For example, even though Mark Zuckerberg built Facebook as an innovative product, most experts believe it was successful due to his relationship with Peter Thiel and other top VCs that he convinced to invest early. Using metrics to measure results and commitments. Managing time and priorities for maximum impact.

Startup 113

Startup Customer Custom Technical Review 113

Startup Professionals Musings

MARCH 4, 2019

As an example, most of the people I know who have switched to shopping online don’t even mention the product, but are ecstatic about quickly finding exactly what they need on Amazon , with one-click ordering and overnight delivery, without ever leaving the comfort of their home. Lifetime value is not intended to relate to length of life.

Customer 85

Customer Custom Product Metrics 85

Startup Professionals Musings

JUNE 8, 2019

In my other role of business advisor, I see examples often of startups that may have taken success for granted too early. For a successful launch and scalable growth, they need to establish many checkpoints, with metrics to assess their progress and alignment with the vision. Demand continuous innovation to keep up with change.

Startup 88

Startup Demand Training Customer 88

Startup Professionals Musings

NOVEMBER 2, 2013

Social media demands two-way communication, rather than outbound only. Define relevant metrics and measure. That means first take some baseline measurements of, for example, lead arrival rate today, and costs associated with your current media marketing. Don’t mix your personal and business profiles or messages.

Social Media 106

Social Media Media Startup Social Network 106

Startup Professionals Musings

JULY 9, 2011

Social media demands two-way communication, rather than outbound only. Define relevant metrics and measure. That means first take some baseline measurements of, for example, lead arrival rate today, and costs associated with your current media marketing. Don’t mix your personal and business profiles or messages.

Social Media 104

Social Media Media Marketing Social Network 104

Both Sides of the Table

NOVEMBER 14, 2017

and we were met with weak demand, slow growth and high costs. An example of the systems companies build are pricing & revenue management tools to best help to optimize yield. We spent a few hundred thousand dollars opening up operations in Chicago and Washington D.C.

Startup 286

Startup Technical Review Customer Custom 286

TechEmpower

FEBRUARY 14, 2017

I recommend this approach: Check whether the characteristics of the default spliterator are correct for your collection (often times the defaults are too conservative — for example, EnumSet 's spliterator is currently missing the ORDERED , SORTED , and NONNULL characteristics). The EnumSet.allOf(elementType) method is a great example.

Java 330

Java Class Ideas Writing 330

Startup Professionals Musings

MAY 10, 2019

The classic example from several years ago was United Airlines not staying tuned in to social media, resulting in a unrecoverable customer problem causing great damage to their reputation, escalating to countless articles , and even a book, “ United Breaks Guitars.” Use business metrics and tools to tune your efforts.

Social Media 99

Social Media Media Tool Startup 99

Startup Professionals Musings

SEPTEMBER 30, 2018

For example, most e-commerce platforms today offer millions of products, with a changing mix daily and a changing market, such that it’s virtually impossible to manually predict a strategy for mapping customer demographics to products displayed online. The efficiency gain is tremendous. Get data flowing, and machines talking to each other.

Artificial Inteligence 84

Artificial Inteligence Metrics Commerce Software 84

InfoChachkie

MARCH 2, 2010

Many collectors, whose primary goal was to complete their collections, were content to have an Excellent or even a Very Good card, which ensured broader demand for lesser grade cards. The advent of investors and grading services drove up the demand for near-perfect cards while suppressing the value of all other cards.

Pricing 138

Pricing Advertising Marketing Startup 138

Startup Professionals Musings

OCTOBER 8, 2018

For example, I still find businesses asking you to print, sign, and return documents by mail in lieu of digital signatures or email. They have to be energized and able to adapt as the market and competitors demand. You need to communicate quantified and updates goals quarterly, including the metrics to assess progress and success.

Technical Review 84

Technical Review Customer Custom Startup 84

Startup Professionals Musings

JUNE 4, 2010

Social media demands two-way communication, rather than outbound only. Define relevant metrics and measure. That means first take some baseline measurements of, for example, lead arrival rate today, and costs associated with your current media marketing. Don’t mix your personal and business profiles and messages.

Social Media 88

Social Media Media Marketing Social Network 88

Startup Professionals Musings

MAY 9, 2016

For example, there once was a social network called Friendster , often credited with starting the social networking boom way back in 2002. You can’t demand total loyalty from all, so you have to learn to accept criticism without being defensive. Happy to work and live on your own terms.

Social Network 59

Social Network Startup Demand Entrepreneur 59

socalTECH

SEPTEMBER 27, 2013

I think that the market was, however, hotter two years ago, when companies were buying more aggressively, and there was lots of pent-up demand. For a similar company, with the same metrics and stage, valuations had been tiny. E-commerce is a great example. We were involved in the Gradient X deal, and that was a nice one.

Southern California 124

Southern California SoCal Commerce Invest 124

socalTECH

JULY 10, 2019

Food is the perfect example. What we learned, is there is so much more demand from existing retailers and platforms that sell directly to consumers, and discovery platforms like Foursquare, who wanted to user our IP as a layer, versus a standalone product. The customer is really struggling to regain their lost humanity.

Pricing 113

Pricing Startup North Hollywood Platform 113

Startup Professionals Musings

JANUARY 25, 2016

Promote by example a superior customer experience mindset. It must be written down, with measurable team objectives, validated by metrics and compared against competition. If you and key members of your team haven’t talked to a real customer this month, you have missed some evolving needs and shifting expectations.

Customer 55

Customer Custom Startup Coach 55

LATechDigest

MAY 12, 2016

For example, users can find the right candidate to fill a position, select high potential employees for succession, and quickly compare succession metrics and performance reviews across select employees to reveal meaningful insights about talent pools. Cornerstone Planning.

Cornerstone OnDemand 40

Cornerstone OnDemand Product Artificial Inteligence Organization 40