Average and Marginal costs are both important concepts. However, pricing your product according to these costs mechanisms can lead to dramatically different results. Understanding what this means for your business is critical to your success.
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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As a founder, you should ask yourself, “What is the final, desired outcome of my company?”
Board resolutions are numerous issues to address as one creates and establishes a new company.
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.
We often think of business as a special function. In reality, it operates in much the same way normal things around us do. In fact, the concepts behind Newton’s Three Laws of Motion are as applicable to business tips as they are to physics.
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.
Greek historian Herodotus once said, “Great deeds are usually wrought at great risk.” The great company you are building will not come easy. It may require you to go “all in” (and take a prudent risk) to make it work. But what does that mean and when do you undertake such a risky action?
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.
What’s ‘critical’ about Critical Path Analysis? The Critical Path is the sequence of steps that determine the minimum time needed for an operation.
One dark rainy night on a muddy hillside in Germany, I learned what it meant to be a great organization.