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3 Mistakes Software Developers Make That Can Cost You Your Business

Inverted Software

At Inverted Software we often help our clients manage offshore and onshore development teams. Our proprietary processes and unique experience helps us evaluate and correct software development practices that have proven inefficient and instill practices that insure productivity and success. Developers love to experiment.

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Don’t get hung up on early stage valuation.

Berkonomics

I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up pre-money valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. And here’s the “why.”.

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Pipeliner CRM's Nikolaus Kimla On Moving to LA, Sales Entrepreneurship

socalTECH

The company--which originally started in Austria--set up shop here two years ago to further expand its footprint in the US, and most recently hired away the entire Los Angeles marketing team of crosstown CRM software developer Nimble. The manager is our buyer, but the sales people using it really like the software.

Sales 229
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Finding a strategic partner, investor or buyer

Berkonomics

Email readers, continue here.] 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.

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Don’t get hung up on valuation.

Berkonomics

I can’t tell you how many times I’ve walked away from deals where the entrepreneur insists on a start-up premoney valuation that is so high, no angel could expect to make a return upon the investment, even with a reasonable sales price for the company down the road. Email readers, continue here.]

Startup 179
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Business Development Advice (for the online world)

Jason Nazar

I often get asked for advice on Business Development. I’ve spent most of my career in sales (or some sales like function), and here are my thoughts on how to be better with your BD. Get Warm Introductions – Typically 1 out of 10 people will email or call you back from a cold outreach. 10 Tips for Better BD.

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Find and build recurring revenues.

Berkonomics

We immediately recall the razor and blade analogy to illustrate the point when planning product development and release. Email readers, continue here.] Think of the portion of fixed overhead covered by recurring revenues. If you have not spent considerable time refining a strategy to include recurring revenues, do so now.