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5 Keys To A Viable Spending Rate And Cash Management

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Be a miser with contract services and facilities. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Desperate entrepreneurs lose their leverage and die young.

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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

Simple metrics and your personal knowledge of the industry can’t keep up with all the relevant competitive forces. Create a team culture for personalized service. You need a platform that is comfortable with the global scope of today’s market, with it’s wide range of social and economic cultures, trends, and needs.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

Any startup with no patents, trade secrets, or other secret sauce is very high risk today. Even a provisional patent will hold your position for a year, can be done by your team at low cost, and will at least incent big competitors to buy your idea rather than just steal it. Make the product or service come alive.

Ideas 94
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5 Ways To Conserve Investor Cash And Ensure Survival

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Be a miser with contract services and facilities. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Desperate entrepreneurs lose their leverage and die young.

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6 Hard Questions That Every Entrepreneur Must Answer

Startup Professionals Musings

Why doesn’t this product or service already exist? The right answer to this question is that you bring some new intellectual property to the table – like a patent or other secret sauce. This will incent earlier thinking outside the box, and help you get metrics in place to track progress, or lack of it, along the way.

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How Great, Operationally-Focused CFO’s Can Transform Your Business

Both Sides of the Table

The full financial details and metrics were in the deck. So my time was freed up to call board members in advance and walk them through our metrics and understand any concerns. Who is leading your patent filing program? Establishing Metrics & Monitoring Success (or Failures). HR & Legal. Shame on you.

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5 Keys To Minimizing The Burn Rate For Your Startup

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Be a miser with contract services and facilities. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Desperate entrepreneurs lose their leverage and die young.

Startup 89