Did you know that the fastest way to gain profits is to raise pricing? In fact, just a 1% increase in a company’s pricing can drive an 11% increase in profitability. According to Harvard Business Review: “Compare, for example, the profit implications of a 1% increase in volume and a 1% increase in price. For …
No Startup Left Behind New Book Now Available! No Startup Left Behind is a breath of fresh air in the coddled, avoid-failure-at-all-cost world of traditional entrepreneurship that aims to wait until passion strikes to even launch, please every customer at any cost, and over promise but underwhelm every market. Pollack simplifies the startup journey for …
Happy New Year and welcome back to my Startup Tip of the Day. I remember being 20 years old, sitting in front of a blank Excel spreadsheet without a clue in the world as to how I was going to build an accurate forecast for my first startup. Without proven revenues or associated costs, the …
Startup Tip of the Day One of the most confusing areas for first time founders is managing the capitalization table, often referred to as the “cap table”. The cap table outlines all equity owners, the percentage of ownership of stock, debt or convertible debt (debt that turns into equity at a given date …
AD: Become a Startup Financial Wiz in no time with the Entrepreneurial Edge™ Video Series True Story – when I was 20, I was lucky enough to meet a mentor while attending Business School who really helped guide me with the technical aspects of raising investor capital for my first startup. Angelo Santinelli was already …
Here’s your Startup Tip of the Day Happy Wednesday Founders! In traditional corporate finance, you typically learn the 3 most important financial statements: Profit & Loss (P&L) (or Income Statement) Balance Sheet Statement of Cash Flow A Profit and Loss (P&L or Income Statement) will indicate the overall income, cost of goods sold, gross profit, …
Happy Tuesday Founders! 👇Here’s your Startup Tip of the Day: I speak to a lot of founders who have already launched, and are trying to scale as fast as possible but in a profitable way. One of their main challenges is how to increase their sales without sacrificing profitability. So here’s what I show them: …
Happy Monday everybody. 💡Here’s your Startup Tip of the Day: There are four (4) main areas of bottlenecks within any startup company: A. Operational B. Financial C. Social D. Intellectual 🤝Let’s Talk Social >> You’ve heard the expression, “you are the average of the five people you hang out most with”, right? ☝🏼Well, your startup’s …
As a Millennial, now turning 33, I, along with 75 million fellow U.S. Millennials have finally arrived in our growth-focused 30s. No longer 22 and care-free, degree holding, free spirited youths, we now have an objective – namely to “set ourselves up” for our 40s and beyond. In that thread, we have evolved into career …
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