Startup Professionals Musings

JULY 30, 2021

While you all recognize that reacting to weak market signals is critical to staying in business and staying competitive, I find that many don’t have the skills and focus to trigger change decisions on a timely basis. When sales fall off, you need to dig deep for the “why,” rather than just assuming the price needs to go down.

Marketing 162

Marketing Social Media Metrics Customer 162

Startup Professionals Musings

JUNE 23, 2021

For example, I commonly see metrics to keep track of revenue per employee, overtime, and absenteeism, but I don’t often see measures of overall customer satisfaction with individual employees. Incentives should be a combination of metrics and recognition to highlight results. Incent and reward employees who delight customers.

Customer 147

Customer Custom Technical Review Metrics 147

Startup Professionals Musings

JANUARY 8, 2021

It must be understandable, written down, and verifiable, with regular measurements and metrics to make it real, benchmarked against the competition. Leaders have found that keeping everyone on top of changes in technology, competition, and customer demands is critical to success. Make your service deliver process “happy.”

Startup 154

Startup Training Custom Customer 154

Startup Professionals Musings

MARCH 10, 2023

Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team. Solution development and delivery.

Outsource Development 115

Outsource Development Startup Competition Ideas 115

Startup Professionals Musings

JUNE 20, 2022

For example, if it’s getting harder to charge a price premium for the product you’re marketing, or others are offering your subscription service for free, it may be time to start thinking in a new box. Another example is seeing substitute versions of a product, like eBooks, for a low price displacing hardcover books.

eBook 111

eBook Metrics Examples Startup 111

Startup Professionals Musings

JANUARY 17, 2022

Pick a single metric that is the focus for all growth. Today’s world is full of metrics leading to business growth, including customer logins, revenue per customer, retention, and average solution price. Revenue and competitive position followed. Less is more.

Startup 144

Startup Social Media Metrics Customer 144

Both Sides of the Table

SEPTEMBER 10, 2021

On the other hand, the biggest winners will turn out to be much larger than the prices people paid for them and this will happen faster than at any time in human history. However, to be a great VC you have to hold two conflicting ideas in your head at the same time. We aren’t going to win every great deal in LA?—?there

Venture Capital 471

Venture Capital Writing Invest Pricing 471

Startup Professionals Musings

NOVEMBER 2, 2022

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. Risk is more manageable with subscriptions and even freemium pricing. Use metrics to measure results of marketing initiatives.

Resource 121

Resource Metrics Entrepreneur Customer 121

Startup Professionals Musings

OCTOBER 20, 2023

For example, consider Whole Foods , whose focus on healthy foods and a sustainable environment is legendary, even though their prices are often a bit higher. Highlight the competitive edge you bring to the market. Put operational systems and metrics in place early. Bring in experienced advisors to keep you on track.

Marketing 116

Marketing Resource Training Startup 116

Startup Professionals Musings

NOVEMBER 30, 2022

All businesses these days are too complex to be one-person shows, so you need all the complementary held you can find to keep up with customers and competition, fill your expertise gaps, and scale the market. Using metrics to measure results and commitments. Marketing your personal brand and your vision.

Startup 113

Startup Customer Custom Technical Review 113

Startup Professionals Musings

JANUARY 6, 2021

It’s important to define your growth strategy, document it, communicate it to your team, and align metrics and employee rewards to target goals. In most companies, maintaining momentum requires the right strategic partners and acquisitions, in lieu of short-term price adjustments and special sales.

Technical Review 160

Technical Review Technical Advisors Startup Mentor 160

Startup Professionals Musings

JUNE 18, 2023

Have you set the right price for your entree, and correctly included all costs? Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. But don’t practice too long. time-to-market is critical) Viable financial model. Don’t stand still.

Startup 112

Startup Coach Metrics Marketing 112

Both Sides of the Table

NOVEMBER 2, 2010

Some objections are real and they end up becoming changes to your product, your service plan or your pricing / bundling. As a founder, when you’ve been dealing with these kinds of objections for a couple of years it becomes natural and you easily handle objections on price, product & competition without much thought.

Sales 289

Sales Startup Training Pricing 289

Both Sides of the Table

FEBRUARY 27, 2019

Often board members themselves don’t do the work to say “what metrics would we like to see.” Any great board member should tell you, “please don’t create any performance metrics or materials that analyze the business that you’re not already creating for your own management’s use.” Sometimes they don’t even know.

Startup 226

Startup Slides Metrics News 226

Startup Professionals Musings

JUNE 7, 2020

Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team. Solution development and delivery.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Both Sides of the Table

JUNE 5, 2011

2 preamble issues having read the comments on TC today: 1: I know that the prices of startup companies is much great in Silicon Valley than in smaller towns / less tech focused areas in the US and the US prices higher than many foreign markets. You can be pissed off, but I don’t set prices. That’s stupid.

Startup 336

Startup Pricing Technical Review Marketing 336

Startup Professionals Musings

APRIL 7, 2021

The basic alignment framework of strategy, customers, people, and processes hasn’t changed, but the pace of technological, competitive, and social change has increased at an amazing rate. If you have had to pivot from the consumer market to enterprise customers, that requires new pricing models and new sales channels.

Social Media 143

Social Media Startup Framework Course 143

Startup Professionals Musings

SEPTEMBER 21, 2020

Have you set the right price for your entree, and correctly included all costs? Develop metrics with which to measure yourself and use these to incrementally expand and improve your offering as fast as the market and capital will allow. But don’t practice too long. time-to-market is critical) Viable financial model. Don’t stand still.

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

JULY 26, 2021

Well-articulated goals and metrics. Maintain an intimate knowledge of the competition. Avoid egotistical price wars and emotional outbursts, but make competitors think you are prepared to win at all costs. Build it at the start and don’t ever lose it. Continually move up the bar to re-test your personal limits and your team.

Startup 154

Startup Resource Entrepreneur Metrics 154

Startup Professionals Musings

FEBRUARY 8, 2020

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. Risk is more manageable with subscriptions and even freemium pricing. Use metrics to measure results of marketing initiatives.

Entrepreneur 129

Entrepreneur Resource Metrics Customer 129

Startup Professionals Musings

SEPTEMBER 22, 2022

Dig deep to get beyond the best price or best service, to find a higher cause or unique benefit that they can remember and be happy to advocate. Proactively use metrics and customer feedback before a crisis hits, to recognize when a pivot or product adjustment is required. Show customers how you bring more value to them.

Marketing 133

Marketing Customer Custom Outsource Development 133

Tech.Co

FEBRUARY 18, 2021

See our full Trello Pricing guide for more. The Dashboard offers a bird's-eye view of projects, letting you see key metrics such as due dates, assigned cards, and cards-per-list so bottlenecks can be prevented before they begin. Find out how Trello stacks up to the competition in our Best Project Management Software guide.

Software Review 139

Software Review Guide Technical Review Class 139

Both Sides of the Table

MAY 27, 2016

As a starting point I have to believe the founder has the attributes of an entrepreneur that matter most to me : Tenacity, resiliency, inspiration, perspiration, attention-to-detail, competitiveness, decisiveness, risk tolerance and integrity. Early stage.

Invest 254

Invest Writing Pricing Metrics 254

Startup Professionals Musings

SEPTEMBER 20, 2019

For example, if it’s getting harder to charge a price premium for the product you’re marketing, or others are offering your subscription service for free, it may be time to start thinking in a new box. Another example is seeing substitute versions of a product, like eBooks, for a low price displacing hardcover books.

Entrepreneur 93

Entrepreneur eBook Metrics Examples 93

Startup Professionals Musings

MARCH 2, 2020

His challenge is to focus on one market, with a specific design, cost, and price. Then, he'll need to patent it and create a plan to show opportunity, competition, and financial projections. Create a written plan, with target milestones and metrics. I have tried to convince him the general idea alone does not make a business.

Ideas 126

Ideas Writing Examples Outsource 126

Startup Professionals Musings

AUGUST 10, 2022

A strong vision and deep insight may get your business off the ground, but long-term success requires constant data analysis, metrics, and attention to your customer feedback. Today, customer loyalty is based on the “ total customer experience ,” as opposed to price or service alone. Relentlessly drive improvement, change, and growth.

Mentor 133

Mentor Startup Customer Custom 133

Both Sides of the Table

NOVEMBER 14, 2017

In the case of MakeSpace we had huge initial successes in New York City as Rahul led the scaling of our drivers, our trucks and our warehouses and we figured out the right price points to beat the local competition. presented pricing challenges when compared to a whole new set of offline competitors we didn’t know well.

Startup 286

Startup Technical Review Customer Custom 286

Startup Professionals Musings

APRIL 15, 2019

Pick a single metric that is the focus for all growth. Today’s world is full of metrics leading to business growth, including customer logins, revenue per customer, retention, and average solution price. Revenue and competitive position followed. Less is more.

Social Media 87

Social Media Metrics Customer Custom 87

Startup Professionals Musings

AUGUST 7, 2020

In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty. It’s your job as a leader to be the model high performer, quantify the team view with metrics, and expand awareness to the best outside competition and new tools.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Startup Professionals Musings

FEBRUARY 5, 2020

Your customers and competition make unexpected moves. Smarter entrepreneurs don’t wait for a crisis to drive change, by defining key milestones and metrics for tracking progress. Don’t wait for that worst case scenario where the customers aren’t buying, and hope to fix it by cutting prices. The world today never stands still.

Startup 131

Startup Entrepreneur Examples Customer 131

Startup Professionals Musings

MARCH 4, 2019

These days, a fun shopping experience, or no-question returns, often tips the scales over extra product features or a lower price. I predict that one day soon customer-centric strategies, and metrics like customer lifetime value, will be seen as the standard in business management, rather than an exception in a product-centric world.

Customer 85

Customer Custom Product Metrics 85

Startup Professionals Musings

SEPTEMBER 28, 2015

Sustainable competitive advantage. As an entrepreneur, make sure you understand your direct and indirect costs, staffing requirements, margins and metrics to make sure these elements are in place. Validated pricing and a sufficient revenue stream. Every solution has competitors and alternatives, or it has no market.

Pricing 100

Pricing Technical Review Entrepreneur Startup 100

Startup Professionals Musings

MARCH 18, 2015

For example, if it’s getting harder to charge a price premium for the product you’re marketing, or others are offering your subscription service for free, it may be time to start thinking in a new box. Another example is seeing substitute versions of a product, like eBooks, for a low price displacing hardcover books.

Entrepreneur 106

Entrepreneur eBook Metrics Startup 106

Startup Professionals Musings

JANUARY 30, 2017

A successful business requires focus – define the customer need with a specific solution for a specific price and cost. Manage the business with metrics and goals. Business objectives need to be quantified and measured to assess progress and positioning against competition.

Ideas 72

Ideas Startup Metrics Entrepreneur 72

Startup Professionals Musings

AUGUST 13, 2012

In fact, a business plan is needed more by you than investors, as the blueprint for your company, team communication, and progress metrics. It always amazes me how an entrepreneur can define his market opportunity so broadly, and then assess his competition so narrowly in the next breath. Competition and sustainable advantage.

Competition 113

Competition Metrics Startup Invest 113

Startup Professionals Musings

SEPTEMBER 9, 2015

Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure. Risk is more manageable with subscriptions and even freemium pricing. Use metrics to measure results of marketing initiatives.

Startup 115

Startup Resource Metrics Entrepreneur 115

Startup Professionals Musings

MAY 24, 2015

Products and services for a business need to be attuned to customer requirements, cost and quality tradeoffs, with milestones for pricing and completion. For progress and success assessment, each of these needs some metrics defined, a training plan, and responsibility assignments within your team. Solution development and delivery.

Outsource Development 99

Outsource Development Startup Competition Ideas 99