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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Be a miser with contract services and facilities. Getting a sales contract before manufacturing inventory. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. It’s why most investors proclaim that they invest in people, more than the idea.

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Reduce five risks: Increase your valuation

Berkonomics

Email readers, continue here…] A great idea often fails from the inexperience or inability of management to bring the idea to market. Third: Management risk. . And fifth: Competitive risk. .

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6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

It wasn’t so many years ago that starting a new e-commerce business on the Internet was a complex custom development project, usually costing a million dollars or more. The same is true for filing patents, registering trademarks, and filing copyrights. A programmer can build a new smartphone app for a few thousand dollars.

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10 Common Startup Mistakes That Are Rarely Admitted

Startup Professionals Musings

The discipline of writing down your plan is the best way to make sure you understand how to transform your idea into a business, and how to communicate it. Not every great idea is a viable business. Dreamers come up with ideas, and do-ers come up with businesses. Marketing should start before product development.

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6 Drivers For Aspiring Entrepreneurs To Finish School

Startup Professionals Musings

Most colleges have now added classes in entrepreneurship to include the necessary business focus to technical majors that usually drive innovative ideas. Every school recognizes the power of “hands-on” work to help you develop your own ideas into a business. Good business basics are not intuitive.

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5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Be a miser with contract services and facilities. Getting a sales contract before manufacturing inventory. For example, a software development startup raising $250,000 from angel investors better be able to operate on $25,000 per month. It’s why most investors proclaim that they invest in people, more than the idea.

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Can you overcome five risks and create wealth?

Berkonomics

A great idea often fails from the inexperience or inability of management to bring the idea to market. Similarly, great management often can manipulate an original idea or business plan into one much more attuned to the market, adding tremendous value that might have been lost sticking to the original plan.