Browsing Tag

revenue

28 posts
questions
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4 Questions Every Entrepreneur Must Ask Themselves

Time is the most important asset you have. Unlike money, once you’ve spent it, you can’t get it back, and how you spend it is important. They say time is money, but time is your dream. When you’re running a startup, you’re in the dream business. And every minute you can spend on your dream...
financial planning
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10 Best Financial Planning Habits for Freelancers and Entrepreneurs

While 48% of new freelancers view freelancing as a long-term career choice, this is only realistic if you have a long-term financial plan. While freelancing comes with advantages, such as flexibility and independence, there are also plenty of drawbacks. You’ll need to cover your own benefits, build an emergency fund and plan around inconsistent income....
new business finances
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5 Tips for Getting Your New Business Finances Set up for Success

Over 3.2 million Americans filed a business application in 2020, 500,000 more than in 2019. Are you a member of this group? If so, you're proof that the entrepreneurial spirit is alive and well in America despite present day challenges. As a new business owner, you're likely struggling with where to spend your valuable resources...
success more from less
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A Smarter and Faster Path to Entrepreneurial Success: Achieve More From Less

The following is excerpted from "Entrepreneur to Millionaire: How to Build a Highly Profitable, Fast-Growth Company and Become Embarrassingly Rich Doing It" by Kent Billingsley (McGraw-Hill Education, Feb. 2, 2021).  StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here A smarter and faster path to entrepreneurial success Kicking off a speech...
budget
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How to Create a Budget for Your New Startup

Some of the most groundbreaking products and services of the 21st century began as startups. Then, why is it that 90 percent of startups fail? While those launching a startup business may have a compelling concept or business idea, it’s difficult to develop stable, predictable cash flows without some financial structure and organization. Establishing a...
restarting your business
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3 Tips for Restarting Your Business During the Pandemic

Did your dream of starting a business seem difficult even before the pandemic? During the crisis, your existing business may have been ripped from your hands in an unforeseeable and helpless manner. As a 30-year business attorney, I have seen plenty of businesses both succeed and fail. As a result, I would do a disservice by...
financial planning
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7 Steps for Building a Financial Plan for the Future

Every September, I begin the financial planning process for both my business and my household for the upcoming year. Most people don’t think they have the time to do this (or don’t feel it’s important), but I believe it’s an incredibly valuable exercise, and is one I actually look forward to it. That wasn’t always...
debt
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5 Ways to Manage Your Startup’s Debt

It can be difficult to run your business on a daily basis, while planning for growth at the same time. There’s a certain truth to the saying that you’ve got to spend money to make money, but if you can’t cover your expenses every month (i.e. rent, payments to suppliers, salaries, etc.) you’re going to...
performance metrics
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6 Performance Metrics Your Startup Should Track for Success

Revenue is an exciting and vital performance metric to track when starting a new business, but it’s not the only one an entrepreneur should be concerned with. While there are myriad metrics that experts across the board will argue will justify your fantastic idea to potential investors, here are six time-tested metrics you should pay...
customer success
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Why Focusing on Customer Success Will Pay Off in the Long Run

Focusing on customer success is a good way to make sure your business thrives. While getting new customers also generates revenue, being aware of your current clients’ goals and working with them to achieve them is more worthwhile in the long run. Oftentimes, companies don’t remember this and prioritize their own success, forgetting why they...
AppSumo
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President of AppSumo on How You Can Build a Ride or Die Startup Team

Are you struggling to jumpstart your startup's motivation and revenue? Join Ayman Al-Abdullah, AppSumo president, as he shares his inspirational business story in this exclusive interview with Leveling Up, an entrepreneur interview show hosted by Single Grain CEO, Eric Siu. Ayman reveals how bringing culture to AppSumo strengthened the business’ management system, overall workflow and...
customer
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How Customer Feedback Informs This Startup’s Growth

Ada Chen Rekhi is the founder and COO of Notejoy, a collaborative notes app that helps teams tackle projects outside the noise of email and Slack. Rekhi is leveraging years of experience in the collaboration space to build a business that is concentrated on giving its core customer base the ability to get their most...
debt
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3 Ways to Start a Business When You’re Already Drowning in Debt

Ever since I was young, I've had an entrepreneurial spirit. When I was 15 years old, and all my friends were working at supermarkets and fast-food joints, I started a successful landscaping company. I kept it going until I graduated from high school and moved away for college. Then, during my freshman year in college,...
business insurance
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3 Things Entrepreneurs Need to Know About Business Insurance

Many entrepreneurs are the “big picture” people among us; they have that rare combination of dreamer and doer. As such, most of the calls I get from entrepreneurial clientele is after they have started up their new business and, as it grows, they realize they are going to need some sort of insurance policy. Insurance...
customer relationship management
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5 Reasons Why Your Startup Should Use a Customer Relationship Management Solution

Some entrepreneurs hold the notion that customer relationship management (CRM) solutions are like marble lobbies and corporate jets: fine for large enterprises, but unnecessary and expensive for startups and small companies. But how wrong they are. The misconception arose in the technology's early days, when the software was seven-figure expensive and required installation teams to...
subscription service
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Want to Launch a Subscription Service Like Amazon Prime? Do These 3 Things First

With free shipping and the ability to read, shop and stream movies and music on your electronic devices, Amazon Prime's subscription service couldn’t be more spot-on about its membership offerings. Many entrepreneurs might see how successful Prime’s service is and want to emulate that success. But where do you begin? If you’re considering launching a...
marketing
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5 Hacks for Startup Marketing on a Budget

If you’re operating a startup, nothing’s more critical than getting your name out there and grabbing attention. The expense of marketing means many startups are effectively dead in the water before they get a chance to sail. Do you know how to pursue marketing efficiently and effectively while you’re on a tight budget? The challenge...
cash flow
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How Cash Flow Can Destroy Your Business (and How to Prevent It)

What’s the most important factor in keeping your business alive? You might think the answer is profitability; after all, as long as you’re making more money than you’re spending, you should have ample resources to keep your enterprise going. However, it’s possible to be profitable on paper and still come up with cash shortfalls, preventing...
Digital marketing
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Why Digital Marketing is Essential to Your Startup’s Growth Strategy

Digital marketing is essential for building brand awareness, generating traffic, converting sales and creating loyal customers—which explains why marketing budgets continue to increase. It’s the best way to achieve growth in a data-driven, digital business world. Since marketing’s influence over revenue is increasing, it only makes sense that everyone in an organization should have some...