Remove Design Remove Outsource Development Remove Sales
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Want to Know the Difference Between a CTO and a VP Engineering?

Both Sides of the Table

I recently did a post for startups on understanding sales people. This post is designed mostly for non-technical founders. Some CTO’s swear that it is a huge improvement in development timeframes and doesn’t cause performance issues. They often aren’t great at planning development work.

CTO Hire 400
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Using Generative AI to Drive Corporate Impact

TechEmpower

Key Functions with High Impact Generative AI is revolutionizing sales by enabling dynamic pricing and personalized customer interactions, boosting conversion rates and customer satisfaction. Post-sale, AI analyzes customer data to improve service and loyalty, making it a cornerstone of modern sales methodologies.

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Find and build recurring revenues.

Berkonomics

Sometimes, products are designed to make all of their profit upon the recurring revenues from supplies or support. We immediately recall the razor and blade analogy to illustrate the point when planning product development and release. Most every business can take advantage of continuing, recurring revenues from its customer base.

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Most Startups Should be Deer Hunters

Both Sides of the Table

Initially as a systems designer and programmer and post MBA as a strategy consultant. I could easily go into the board rooms of major European companies (I was based in London) and land $500k – $1 million contracts so my order book grew rapidly. Some companies / products are designed for large organizations from day 1.

Startup 389
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Should Startups Focus on Profitability or Not?

Both Sides of the Table

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.

Startup 418
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9 Women Can’t Make a Baby in a Month

Both Sides of the Table

In the initial phases of any new market you’re developing a product (hopefully with a minimal set of features), getting feedback from customers, refining your product based on user feedback and then re-launching your product. Markets develop for a complex set of factors that are often beyond all of our control.

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What Makes an Entrepreneur (2/10) – Street Smarts

Both Sides of the Table

They spot opportunities that aren’t being met and the design products to meet these needs. He asked each sales / biz dev person to call customers and tell them they had to change their contracts. I just knew that our sales sucked wind and we were burning through tons of cash. We were SMOKING cash. I’m sorry.