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. Provide training, tools, and required decision authority. Incentives should be a combination of metrics and recognition to highlight results.

Customer 147

Customer Custom Technical Review Metrics 147

Startup Professionals Musings

NOVEMBER 28, 2020

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology. Marty Zwilling.

Tips 161

Tips Startup Social Media News 161

Startup Professionals Musings

JUNE 7, 2020

Formalize the use of tools and information technology. I look for business startups to already have their website up and running, administrative tools purchased, and basic procedures automated. No mention usually means no plan and not competitive. Show that you have a process to hire, fire, and train others as required.

Entrepreneur 131

Entrepreneur Outsource Development Startup Competition 131

Startup Professionals Musings

JULY 4, 2021

Waste in a startup is any activity that burns resources, but creates no value or competitive advantage in the eyes of customers. Trying to do too many things with too few resources, usually means the startup will not shine at anything, and will not survive the competition. In the startup world, this is often seen as a lack of focus.

Startup 161

Startup Resource Training Entrepreneur 161

Both Sides of the Table

MAY 14, 2018

Here’s Why You Should Just Send the Deck I know you have your document sending tool to send your fund-raising deck to VCs and track who read your deck, which pages they read and how much time they spend on each page. Competition isn’t won or lost by your marketing decks?—?it’s it’s won by how you innovate and by how you execute.

Funding 239

Funding Venture Capital IP Email 239

Startup Professionals Musings

JUNE 18, 2023

First you work in the kitchen for a while, learning some tools of the trade, experiment with a few recipes, and test on willing clients. 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. Don’t stand still. For now, get cooking!

Startup 112

Startup Coach Metrics Marketing 112

Startup Professionals Musings

JUNE 20, 2022

Or you notice that your line of high quality tools is being undercut by cheap knockoffs manufactured in other countries. Changes in your organization’s core performance metrics. If one metric changes, it may not be significant, but someone needs to monitor whole categories for fluctuations that may be a weak signal.

eBook 111

eBook Metrics Examples Startup 111

Startup Professionals Musings

AUGUST 31, 2020

In the same way, great entrepreneurs and company leaders should no longer rely on faceless and nameless processes to drive business strategy and innovation to stay competitive. Focus on two or three pertinent metrics in any situation. Unbundle projects into smaller elements, and personalize the top couple of metrics for each team.

Social Media 128

Social Media Metrics Customer Custom 128

Startup Professionals Musings

SEPTEMBER 21, 2020

First you work in the kitchen for a while, learning some tools of the trade, experiment with a few recipes, and test on willing clients. 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. Don’t stand still. For now, get cooking!

Startup 156

Startup Coach Metrics Marketing 156

Startup Professionals Musings

DECEMBER 22, 2021

First, you as the leader must be a role model for the actions you desire – including positive communication, active coaching, rewards for results, as well as providing required tools and training. Use metrics to assess needs and growth economics.

Customer 114

Customer Custom Satisfaction Metrics 114

socalTECH

DECEMBER 20, 2017

It means competition is more fierce because formidable new competitors can arrive overnight. Winston is building the tool of product teams’ dreams @productboard ?? Why has product management be so slow to adapt? Read more… ?? some way of being able to see and experience the future of an idea [where doing so in words would fall short].”

Technical Review 100

Technical Review Metrics Ideas Product 100

Startup Professionals Musings

AUGUST 27, 2023

Measure progress through metrics on sales, revenue, and penetration. Look for more ways to demonstrate a competitive advantage, and partner with complementary organizations if you need strength in manufacturing, distribution, or customer support. Seek customer feedback on ways to improve value and satisfaction.

Customer 91

Customer Custom Marketing Startup 91

Startup Professionals Musings

MARCH 4, 2019

In addition to quantifying the positives of the customer lifetime value metric, they address the mistakes that I see regularly in my business advisory service relative to assessing the value of customers and value, including the following: Failing to account for current customer status and stage.

Customer 85

Customer Custom Product Metrics 85

Berkonomics

APRIL 8, 2021

Well-tuned metrics are an absolute must. And the tools for most are available, sometimes free, for the educated marketer. And, like the story of Discord and Twitter, it takes continual product and feature updates to stay ahead of the competition or overtake a sleepy competitor. Fifth: reaction.

Sites 156

Sites Product Social Network Press 156

Both Sides of the Table

JUNE 12, 2010

Google Analytics vs. Facebook’s new analytics tool. Company grew by more than “400% each year” for past few years [assume growth metric = revenues]. Metrics: 2.5mm members, 1,000 brands, 2,500 sale events to-date. Metrics: 50mm users (up from 40mm in Dec 2009), -Competition includes: Spotify , Last.fm.

Venture Capital 217

Venture Capital Capital Metrics Competition 217

Both Sides of the Table

NOVEMBER 2, 2010

This one deals with “arming&# your teams – preparing them for battle by giving them the right tools to increase their win rates. As a company you need to invest in ROI calculators (spreadsheets) that are easy for sales reps to plug in basic customer metrics and pop out with an expected benefit. It is tacit knowledge.

Sales 289

Sales Startup Training Pricing 289

Startup Professionals Musings

OCTOBER 14, 2018

In the same way, great entrepreneurs and company leaders should no longer rely on faceless and nameless processes to drive business strategy and innovation to stay competitive. Focus on two or three pertinent metrics in any situation. Unbundle projects into smaller elements, and personalize the top couple of metrics for each team.

Social Media 96

Social Media Metrics Customer Custom 96

Startup Professionals Musings

SEPTEMBER 20, 2019

Or you notice that your line of high quality tools is being undercut by cheap knockoffs manufactured in other countries. Changes in your organization’s core performance metrics. If one metric changes, it may not be significant, but someone needs to monitor whole categories for fluctuations that may be a weak signal.

Entrepreneur 93

Entrepreneur eBook Metrics Examples 93

Tech.Co

FEBRUARY 18, 2021

Table can also be useful for keeping track of personal and team workloads with its advanced filter tools. 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.

Software Review 139

Software Review Guide Technical Review Class 139

Startup Professionals Musings

AUGUST 7, 2020

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. Every business team becomes inwardly- focused by default, comparing themselves only emotionally to others they know within the organization.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Startup Professionals Musings

MAY 24, 2015

Formalize the use of tools and information technology. I look for business startups to already have their website up and running, administrative tools purchased, and basic procedures automated. No mention usually means no plan and not competitive. Show that you have a process to hire, fire, and train others as required.

Outsource Development 99

Outsource Development Startup Competition Ideas 99

Startup Professionals Musings

SEPTEMBER 21, 2016

In the same way, great entrepreneurs and company leaders should no longer rely on faceless and nameless processes to drive business strategy and innovation to stay competitive. Focus on two or three pertinent metrics in any situation. Unbundle projects into smaller elements, and personalize the top couple of metrics for each team.

Social Media 99

Social Media Metrics Customer Custom 99

Startup Professionals Musings

DECEMBER 10, 2017

Further, according to more recent surveys , businesses that use data and tools in their people management, rather than traditional manual processes, see a 79% higher return than other organizations, suggesting the time is ripe for relying on data and analytics. Bigger organizations should invest in the new “big data” tools.

Tool 53

Tool Entrepreneur Statistics Metrics 53

Startup Professionals Musings

MAY 28, 2016

Formalize the use of tools and information technology. I look for business startups to already have their website up and running, administrative tools purchased, and basic procedures automated. No mention usually means no plan and not competitive. Show that you have a process to hire, fire, and train others as required.

Ideas 62

Ideas Outsource Development Startup Competition 62

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. An example of the systems companies build are pricing & revenue management tools to best help to optimize yield.

Startup 286

Startup Technical Review Customer Custom 286

Startup Professionals Musings

MAY 4, 2016

Of course, that’s both the good news and the bad news for aspiring entrepreneurs, since it means more competition, and the business landscape is changing faster than ever. Years ago, it cost a million dollars for a new e-commerce site, one that you can now create for almost nothing with current tools and technology. Marty Zwilling.

Startup 61

Startup Social Media News Tool 61

SoCal CTO

APRIL 8, 2010

Death By Competitive Analysis - Steve Blank , March 1, 2010 Trading emails with a startup CEO building an iPhone app, I asked him why potential customers would buy his product. In response he sent me a competitive analysis. It looked like every competitive analysis I had done for 20 years, (ok maybe better.)

Startup 150

Startup Software Review Competition SoCal 150

Startup Professionals Musings

DECEMBER 8, 2018

First you work in the kitchen for a while, learning some tools of the trade, experiment with a few recipes, and test on willing clients. 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. Don’t stand still. For now, get cooking!

Startup 81

Startup Coach Metrics Marketing 81

Startup Professionals Musings

FEBRUARY 8, 2015

Most existing metrics and analytics for measuring customer satisfaction and loyalty, including the popular Net Promoter Score (NPS), don’t distinguish between recommend messages to others (word-of-mouth), detract messages or no message at all. They operate like competitive retention, forcing you to win every transaction over competitors.

Customer 100

Customer Custom Satisfaction Social Media 100

Startup Professionals Musings

JULY 13, 2015

Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. Trying to do too many things with too few resources, usually means the startup will not shine at anything, and will not survive the competition. In the startup world, this is often seen as a lack of focus.

Resource 105

Resource Startup Entrepreneur Training 105

Startup Professionals Musings

NOVEMBER 14, 2016

After reviewing her day-by-day recommendations to improve productivity in a single week, I have extrapolated her guidance to ten productivity tips specifically for entrepreneurs to regain that competitive edge: Focus on managing yourself rather than managing others. Take time to organize your work and integrate new tools.

Tips 100

Tips Activity Startup Product 100

Startup Professionals Musings

MARCH 18, 2015

Or you notice that your line of high quality tools is being undercut by cheap knockoffs manufactured in other countries. Changes in your organization’s core performance metrics. If one metric changes, it may not be significant, but someone needs to monitor whole categories for fluctuations that may be a weak signal.

Entrepreneur 106

Entrepreneur eBook Metrics Startup 106

Startup Professionals Musings

APRIL 4, 2015

Social media is now one of the key marketing tools, but not the only one, so the challenge is to manage the resource tradeoffs effectively by constantly assessing payback versus cost. Don’t forget the metrics and analytics. Determine the proper measurement tools and set up the measurement process.

Social Media 108

Social Media Media Startup Tips 108

Startup Professionals Musings

MAY 30, 2014

Waste in a startup is any activity that absorbs resources, but creates no value or competitive advantage in the eyes of customers. Trying to do too many things with too few resources, usually means the startup will not shine at anything, and will not survive the competition. In the startup world, this is often seen as a lack of focus.

Entrepreneur 115

Entrepreneur Resource Training Product 115

Startup Professionals Musings

NOVEMBER 4, 2016

First you work in the kitchen for a while, learning some tools of the trade, experiment with a few recipes, and test on willing clients. 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. Don’t stand still. For now, get cooking!

Entrepreneur 93

Entrepreneur Startup Coach Metrics 93

Startup Professionals Musings

OCTOBER 11, 2013

Most existing metrics and analytics for measuring customer satisfaction and loyalty, including the popular Net Promoter Score (NPS), don’t distinguish between recommend messages to others (word-of-mouth), detract messages, or no message. These operate like competitive retention, which means you must win every transaction over competitors.

Customer 97

Customer Custom Satisfaction Social Media 97

Startup Professionals Musings

JANUARY 8, 2018

Waste in a startup is any activity that spends resources, but creates no value or competitive advantage in the eyes of customers. Trying to do too many things with too few resources, usually means the startup will not shine at anything, and will not survive the competition. In the startup world, this is often seen as a lack of focus.

Resource 52

Resource Training Entrepreneur Activity 52