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Is it YOU or your great plan?

Berkonomics

Here’s a test: Several weeks ago, we published statistics of start-up and company failures. If you read that analysis of statistics for startups and early-stage businesses, you have learned the truth that at least half of the businesses backed by professional early-stage investors will die within three years or less.

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Question: Do you know three types of advertising?

Berkonomics

Second, you can make a call to action, using an ad to bring people to your place of offer, buy your services or product, or take advantage of a special incentive. For example, direct response ads yield precise statistics, and the pay–off is easily measurable. And third, you can invest in direct response advertising.

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Entrepreneurism is all about personal risk.

Berkonomics

Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise. And entering the fight without the proper resources usually assures defeat. first appeared on BERKONOMICS.

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How to make the most useful dashboard

Berkonomics

If your business has no trade with Japan that could be affected by arbitrage, early shipments or other tactics that take advantage of the moving value of these currencies, that statistic is irrelevant to the dashboard – even if interesting to you. Find metrics that will be “leading indicators” of trouble to come.

Metrics 156
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How to measure your power in the Internet marketplace.

Berkonomics

A simple statistic which can be derived from a good general ledger using GAAP accounting procedures. Email readers, continue here… ] LPC (Lifetime Profit per Customer). Revenues are recorded as earned, not paid, especially when paid in advance. CACR (Customer Acquisition Cost Ratio). A better measure of capital efficiency.

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How big is your ocean? A lesson in TAM, SAM & SOM

Berkonomics

You probably know, and I’m just lecturing here, that this is the actual market you measure for your product or service, since it is limited to those who use or can use your offering and those you can reach. So, is your (SOM) serviceable obtainable market large enough?

.Net 156
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Are you the bottleneck in your organization?

Berkonomics

The book was written to describe in simple terms the use of statistical analysis to remove bottlenecks in a manufacturing environment. Email readers, continue here…] Every resource behind the bottleneck is slowed from its most efficient pace until the resource ahead of it works its way through the constraint.