What’s ‘critical’ about Critical Path Analysis? The Critical Path is the sequence of steps that determine the minimum time needed for an operation.
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
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The goal of many startup companies is to become a scalable business. Unfortunately, there is some confusion about what it really means to scale up.
All companies face risks, and startups are no exception. As you seek financing from third parties, remember that once financing is obtained, the resources of those outside investors now face the same risks as your personal resources.
A big company bench can allow you to scale rapidly, but excess payroll costs can also drag you down…fast. On the other hand, you can’t be too timid or slow, the market waits for no person. So how do you handle this dilemma?
If you can’t feed a team with two pizzas, then the team is too large. – Jeff Bezos. Investors want to invest in people more than products, because people make products.
Some entrepreneurs fail to leverage the knowledge and experiences of others by failing to create advisory boards. These boards are a critical component required to scale strong entrepreneurial opportunities.
Efficiency, the ability to accomplish a job with a minimum expenditure of time and effort, is one of the most important ingredients to business success. Startup companies must be ruthless in this pursuit.
Shark Tank revealed how looking at Gross profit margin ( how efficiently is the product being produced) against Net profit margin (how efficiently is the company operating as a whole) can affect your chances of investment.
The military has developed a procedure for developing a plan, analyzing it and making a decision- the MET-T analysis is an effective, efficient way to evaluate your business and accomplish objectives.
“Sweat equity is the best kind of startup capital.”— Mark Cuban
This is a huge question for startup founders. If you are a founder, you know what I am talking about: how much of my startup should I give away?