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8 Tasks To Prepare You For Starting Your Own Business

Startup Professionals Musings

The cost of entry has never been lower, with new tools to create your own website , and free social media to get your message out everywhere. By far, the majority of new businesses I know are self-funding (bootstrapped) from your own savings and prior assets. Define key metrics to measure progress and success.

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I Know Everybody Told You to Send Your Fund-Raising Decks as a Link.

Both Sides of the Table

I Know Everybody Told You to Send Your Fund-Raising Decks as a Link. Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page. A deck is a deck. Just send it.

Funding 239
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How Open Should a Startup CEO be with Staff?

Both Sides of the Table

It’s a hard topic to write about because it’s almost an accepted norm that total transparency is good. A tool to better help you find bars & restaurants? They told you, “Yeah, man, I’ll gladly write the first $250,000. We funded one in 2005 and lost a lot of money. CEO transparency. It was not.

Startup 417
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Scaling Sales: Arming & Aiming – Objection Handling

Both Sides of the Table

This one deals with “arming&# your teams – preparing them for battle by giving them the right tools to increase their win rates. As a company you need to invest in ROI calculators (spreadsheets) that are easy for sales reps to plug in basic customer metrics and pop out with an expected benefit.

Sales 289
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Don’t Let Investors Conclude Your Startup Is A Hobby

Startup Professionals Musings

Use a simple accounting tool like QuickBooks, get away from co-mingled funds, and you have the first business process you need. Write down the key elements of your business plan very early, and keep it current as things evolve. Funding process. entrepreneur funding hobby investors startup' Marty Zwilling.

Startup 107
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What You Can Learn About Startups From Great Cooks

Startup Professionals Musings

Alain Theriault, better known as StartupCoach , tells entrepreneurs that, on your way to being a great chef, you don't start by writing a cook book (business plan), you work in the kitchen for a while, you learn some tools of the trade, you experiment with a few recipes, you test on willing clients. then you can start writing a recipe.

Startup 96
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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. Here is what I imagine Rob would say were his most effective tools. He is very pleasant when he calls and writes. Email updates frequently.

Tips 365