With modern technology there is less and less dependence on physical office space. Many businesses are being formed in a way that lets the staff work from home offices – or anywhere they have a laptop and an Internet connection (like the beach!) Here are three things that are essential to running your business remotely – […]
Beware the Vanity Metrics
Very few things get improved that don’t get measured. Metrics are important. How do you know if you’re making progress or if you’re falling behind without metrics? Some people like raw numbers and some people like charts and graphs. Make sure you are measuring the “right” things though. It is very easy to track and […]
Business, growth, marketing, small business, Startup, ventureKey Business Terms: Profit, Loss, Cash, and EBITDA
The Profit your business makes is the amount remaining after justified and approved expenses are subtracted from the revenue/income. So if you sell $1 million dollars worth of widgets and it costs you $500k to make them (cost of goods sold), another $200k in salaries, and another $200k in general overhead (rents, phones, licenses, legal, […]
angel, Business, EBITDA, Finance, P&L, startups, valueThoughts on Scaling Customer Acquisition
In addition to making sure you have momentum, you should understand your customer acquisition process. The customer acquisition plan/process can very well make the difference between scaling or not, success or failure. A very basic exercise that you should clearly understand as a business founder/owner/leader, and one that you may need to adequately communicate to any potential […]
angel, Business, Finance, founders, growth, Investing, scaling, startups