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10 Reasons To Start A Company In An Economic Downturn

InfoChachkie

There has recently been a common theme among the entrepreneurs I have interviewed and the conferences I have attended: despite the relatively weak state of the world economy, now is a great time to create a high-tech startup. Marketing is free or cheap because of social media. People are free or cheap because of the recession.

Company 257
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Making Revenue Sharing And Cost Savings Deals Work – Sharing Means Caring

InfoChachkie

Despite the pathetic nature of Barney deals, the big purple dinosaur offered sound business advice to entrepreneurs in a TV episode entitled, “Sharing means caring.” It allows them to avoid the opportunity costs of entering into an agreement that does not yield adequate revenue or cost savings to justify the time and resource investment.

Resource 154
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Pour And Stir II – Managing Your Cost Per Customer

InfoChachkie

This entry focuses on how you can minimize your cost per customer acquired by systematically establishing the infrastructure necessary to track the results obtained from a variety of online and offline marketing vehicles. Ultimately, your overall customer acquisition costs should calculated as an average of a variety of marketing channels.

Customer 164
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Ten Rookie Startup Mistakes You Won’t Make

InfoChachkie

As an entrepreneur and startup investor, I have helped create companies which achieved two IPOs which collectively raised over $100 million, as well as two acquisitions which totaled $385 million. 4) Perform China Syndrome Market Analysis. “Learn from the mistakes of others. You can’t live long enough to make them all yourself.”.

Startup 242
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Roping in the Legal Eagles

InfoChachkie

As outlined in Beware the Consultant , be wary when selecting a professional services firm. As outlined in Beware the Consultant , be wary when selecting a professional services firm. Like most mature markets, the legal profession is highly segmented with respect to the services provided and markets served.

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Know When To Declare Defeat And Toss Out A Bad Idea – Do Not Be Afraid To Say, “That Baby Be Ugly!”

InfoChachkie

Startups consistently identify more ideas and opportunities than they have the time or resources to pursue, such as potential partnerships, new products, entering emerging markets, etc. The ability to objectively critique ones creative output is vital to an entrepreneur. During the 1960’s, Motown’s artistic success was unprecedented.

Ideas 187