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6 Keys To Predicting The Performance Of Your Business

Startup Professionals Musings

Every business owner and entrepreneur like you I work with wishes they could better predict product demand and sales, for managing inventory and long-term business planning. I was impressed with the analysis and recommendation offered in a recent book, “ Trust the Plan: Demand Management For Business Leaders, ” by Greg Spira.

Metrics 81
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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Indeed these trends were already apparent in the statistic that home improvement spending was up 3 percent in 2020 even though the broader economy shrank by 3.5 Today, as both homeownership rates and time spent at home reach record highs, these essential service providers are facing rising demand from an increasingly tech-savvy homeowner.

SaaS 292
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5 Equity Crowdfunding Reflections Before You Sign Up

Startup Professionals Musings

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. Your options for funding just increased, or at least you have a new way to get some real market feedback on the demand for your solution.

Equity 164
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10 Obstacles To Creative Responses For Market Growth

Startup Professionals Musings

Shocking statistics, like unexpected losses last quarter, can generate a knee-jerk cost cutting decision, when further analysis and creative thinking might better close the gap with new revenue sources. It is possible to be creative on demand, and to demand creativity in your startup. Think about that one. Marty Zwilling.

Marketing 119
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4 Key Components Of Every New Business Financial Plan

Startup Professionals Musings

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Check competitor numbers and industry average statistics to get you in the right range. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Calculate investment amounts and timing.

Startup 116
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7 Keys To A Winning Business As A Phone App Developer

Startup Professionals Musings

Yet according to other statistics, vanishing few of these ever generate a significant profit. If you want to drive up the demand for your core product, one smart tactic is to drive down the price of all complementary products. The price of entry can be less than $10,000, so the competition is huge and growing rapidly.

Develop 138
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7 Advantages That Local Small Business Owners Enjoy

Startup Professionals Musings

According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. Once you accept equity investor money, or go public with stockholders, you won’t believe the things they demand, and the legal rules you have follow.