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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. Sorry if you received an email with a draft version of this post. .” It never does. My advice?

Resource 415
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The four “P’s” to help you build a great business

Berkonomics

So, here’s one to help you with squeezing the most out of your own available resources. And if there are people depending upon the output of that wrongly-placed individual, they too will suffer from reduced resources to complete their jobs. Email readers, continue here…] Then there is the third “P” – performance.

Help 120
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Are you meeting your customer’s expectations?

Berkonomics

Be ready to over-allocate resources to a launch. The best advice I can give is to allocate all your resources to supporting the roll-out of a new product, at least for a short period. What if my resources are limited? Call the customer CEO and thank him for helping launch a product so very important to your success.

Resource 156
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What can we learn from the non-profit world?

Berkonomics

So, let’s bend the meaning to help us focus on resources while preserving those words. and apply it to our management of corporate resources. Here is a way to think about resource management as we make critical decisions that obligate our personal and corporate assets for growth. Time, treasure and talent.

Resource 156
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Do you even need a business coach?

Berkonomics

Especially if they have sold their companies and live comfortably upon the proceeds, these people are often the most willing to help and the most patient through the process. Some charge by the hour, making themself available much as an attorney, keeping track of hours spent on phone calls and emails with you.

Coach 156
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Two most powerful words: “Help me.”

Berkonomics

There is a bit of the teacher in all of us, and a request for help is a natural trigger to bring this out. And there should be an equal – if not stronger – bit of a student in each of us as well, allowing us to drop our egos a notch and actually ask for help when we need it. Email readers.continue here.]

Help 217
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What are the costs of taking investor money?

Berkonomics

After friends and family… Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range. A seat on your board?

Sales 156