Hi, If you were going to sell the business, the first thing a knowledgeable buyer (or investor) would do is normalize the wage expense vs. fair market. If you and the other founders are not paying yourselves what you would earn working for a stranger, then your financial statements are meaningle...
You must do your SWOT Analysis first. if you provide quality product/service at affordable price, people will really appreciate that and then you will realize the power of Word of mouth marketing. Best wishes.
First of all I want to clarify one thing on your question that I believe it's not accurate: SaaS is a way to deliver technology (products) not a business model. The counter part of SaaS is on-premise or legacy, which is not a business model but how you deliver your product. For example, Salesfor...
I have worked with a few international teams on business projects, and great things can be done across seas :) I would suggest really clarifying expectations and responsibilities of each position. Would the 4th American guy be amenable to checking in regularly (however you define that) on projec...
Answer with the truth. And perhaps follow their question up with a question such as "Why do you ask?" This serves 2 key purposes: 1. It helps you get to the root of what they are looking for / need / want. And regardless of whether you get that particular client's business or not - you gain v...
Hi, you need someone that has done investment before. An investor is better than a startup founder that has raised capital. An investor looks daily at a startup pitch and knows exactly what are the key elements that a pitch need to be interesting. Fundraising is a full-time job and a lot of start...
One is a SERVICE. Services sometimes have issues with profitability when scaling. You end up managing people and profit margins stay the same or decrease. The other is a PRODUCT. Products generally scale better as the cost of product remains more or less the same (COGS). Many people start cons...
Most of mine come from being eternally curious about the world around me - questioning how things are done, why things are done a certain way. Ideas tend to strike me when something happens that either makes me happy or excited (which I then want to make repeatable or shareable with the world)...
i think is common, I know I have. specially in situations when dealing with deadlines and or pivot phases... such as product validation or growth... even pitching angles to VCs. best thing to do is reassure your leadership position, understand values and come to a mid point agreement that reflect...
Good question. It's not only about how many users you have, it also (and sometimes even more importantly) about: 1. What the conversion rate is (visitor to user or click to paying customer, etc...). 2. What your user life cycle is. 3. How engaged the users are. 4. What your profit % is from e...