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Finding a strategic partner, investor or buyer

Berkonomics

Some potential buyers or strategic partners might want your intellectual property, or revenues, or profitability, geographic advantage, or sale force, or your employee base. And strengthen that at the expense of other areas of your enterprise which may easily be outsourced or reduced in scope. Think carefully.

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6 Cost-Cutting Recommendations For New Entrepreneurs

Startup Professionals Musings

You can now skip the mandatory office space rental, with secretary and bookkeeping staff, or outsourcing. Social media facilitates marketing and sales. Today, productivity is way up, you can do most anything yourself, and you can outsource to contractors with more skill and less cost.

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Sales Kids With Grit – Web 2.0 Paper Routes

InfoChachkie

Sales – Many publishers, including Grit, encouraged newspaper boys to create new routes and expand existing ones by aggressively selling subscriptions to non-subscribers. This pay-per-newspaper formula directly rewarded the children’s sales efforts and sparked a life-long entrepreneurial fire in generations of newspaper boys.

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10 Ways Owners Often Jeopardize Their Business Growth

Startup Professionals Musings

It’s always tempting to think that more product variations will satisfy more customers and lead to new sales. The most cost-effective marketing approaches have changed; from catalogs to web sites, and from television commercials to social media. Outsourcing services that could be done in-house.

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7 Keys To Making Many Millions In A Business You Love

Startup Professionals Musings

Nice to have” sites like Facebook and Twitter look attractive, but they are much higher risk, and a thousand fail for every one that succeeds. Use the Internet to outsource staff. Start with sites like Elance.com and Guru.com for specialized tasks you can’t do yourself. Position yourself as an expert.

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7 Ways Your People Skills Are The Key To Your Success

Startup Professionals Musings

If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business. On the product side, once you have a proven product and business model, all you need is money to build inventory, and a sales and marketing operation to drive the business.

Startup 111
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9 Success Principles To Propel Your Next New Venture

Startup Professionals Musings

Offering one more social media site (over 200 already exist on Wikipedia) probably won’t work. Minimize one-time sales in your business model. Every new business has unexpected pivots and adjustments, and outsourcing is easier to manage. Your solution must have value for every customer. Prioritize mergers and acquisitions early.