One question everyone asks is what investors look for when deciding whether or not to fund a startup. Having a high-caliber team with a good track record and a clear value proposition are givens. But the bottom line is that it comes down to the numbers. VCs are looking to make investments that pay off big. That means you need to develop credible financial projections that demonstrate the viability and future potential of your target market and clearly spell out how investing in your business will achieve their return targets.
I've found through my own business and working with others that managing using scorecards and metrics is a much better approach. It allows everyone to understand the organization's main objectives. And when scorecards and metrics are properly aligned with company objectives, the results can be powerful.
Using online tools is a great way to automate your marketing efforts, saving you a ton of time. You'll be able to manage your social media accounts, schedule blog posts, update your website and more importantly, measure key metrics.
It's easy to get caught in these outdated financial "tips" that do more harm than good for your business. These 8 successful entrepreneurs set the record straight.
Expert interview with David Ehrenberg...if you're an overwhelmed and overworked small business owner (and what small business owner isn't?), one way you might find to manage your time more effectively is by outsourcing management of your finances. But that doesn't mean handing over the responsibility and forgetting about it. - See more at: https://www.mint.com/expert-interview-david-ehrenberg-outsourcing-money-management-business-owners#sthash.WM1IA8MH.dpuf
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