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A heartbreaking story about time and money.

Berkonomics

First, think about your time as money! How about young or pre-revenue companies? Many of the start-ups my various angel funds have financed died a slow death , not because of poor concept but because of poor execution, wasting fixed overhead and draining the financial resources from the company coffers.

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A personal story about quality control

Berkonomics

As my enterprise computer software company which produced innovative lodging systems for hotels and resorts grew quickly, we found ourselves straining to keep up with the hiring and training of good customer support representatives, a critical part of the equation then and still so today in the 24-hour environment of hotel front desk operations.

Training 156
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6 Funding Resources For Ideas Needing More Validation

Startup Professionals Musings

Don’t waste your time and energy talking to angels and VCs about technology funding when you could be focused more productively on grants, private funds and future business partners. Business investors and customers want to hear about solutions, and tend to back away from technology, until it is proven.

Resource 102
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Should Startups Care About Profitability?

Both Sides of the Table

They actually lost about $175 million in cash in that quarter, FWIW. To grow faster businesses need resources in today to fund growth that may not come for 6 months to a year. I know this seems obvious but I promise you that even smart people forget this when talking about profitability. Not necessarily.

Startup 227
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Are you or your business “time bankrupt?”

Berkonomics

Time bankruptcy results from the deliberate over-commitment of core resources. I created the term “time bankruptcy” almost thirty years ago when the computer software business was young, and I was a software developer building a young company based upon quality first. You’d know the symptoms, if not the name. Why use this term?

Resource 156
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The Scarcest Resource at Startups is Management Bandwidth

Both Sides of the Table

The 3rd-party tries to sell your software – they just need your help with tech assistance to close the deal. I always tell teams I meet with, “The scarcest resource in your company is management bandwidth. ” It never does. That channel deal that you thought would take no times ends up burning scarce calories.

Resource 415
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Technical Advisors: Every Startup Needs One

TechEmpower

Let’s look at each of these roles in greater detail: Strategy – The View From 1,000 Feet Up A good Strategic Advisor can help with every aspect of making broad choices about what will get developed, how it will be built, and ensuring that your business can deliver the right stuff at the right time. Is this person a CTO or a developer?