Hot answers tagged budget
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The first question to ask is why do you want to own your web server? As you probably know, there are many, many web hosting companies that offer extremely competitive pricing.
The next thing to consider is that the computer is only one small part of running a reliable website. For example without a reliable internet connection and power source, your ...
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You may see these two:-
https://www.odesk.com/contractors/software-development/
https://www.odesk.com/jobs/software-development/
And some other similar FreeLance websites e.g. FreeLancer.com,etc.
You'll have to collect data by yourself, and if you are able to do some analysis, I would like it to be shared on this post so that other people could also ...
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While startup capital is important, I see little value in comparing your own level of capital with that of a competitor, if the key to success was simply a case of raising the most capital then business would be easy, right?
Instead of worrying about other companies, worry about yourself and your potential customers, speak with them and become a part of ...
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Cash is king. Everything you spend money on at this delicate moment should be focused directly at bringing in customers and securing sales. That means a business plan can wait.
I would focus on using your web site to drive sales. It's the greatest amount of bang for the buck. Consider an inbound marketing strategy that focuses on providing valuable content ...
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I'm not sure what you should spend your money on, but I know what you shouldn't spend your money on:
A designer/programmer for your website. You can buy great looking designs for Wordpress or Drupal. You can also pay $20-50/month to sell via something like Shopify.
A business plan that costs any money. $3.5k for a business plan? Write it yourself. Then ...
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I'm no lawyer, but I don't think you should even bother doing paperwork right now.
I'd focus on product and customers instead of nailing down specifics on this. Also, since you own 100% of the company right now, how will this $5,000 even convert into debt, since you already own 100%? You might not even need to do the paperwork... instead maybe just file ...
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This varies wildly depending on your market. From pence (cents?) to tens (hundreds?) of dollars per click.
$2/click is in the right ballpark for a many of software products I have looked at.
You are on the right lines in that you have to compare your cost of customer acquisition to the lifetime value of that customer in order to work out an appropriate ...
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You would have to expand on how you came up with your numbers.
To give you some perspective: I run my blog (http://blog.kowalczyk.info) on App Engine. Today it'll get over 30 thousand hits. Some of those are static pages but some of those are dynamically generated in python. This level of traffic can be ran on App Engine for free (if you take care to ...
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For your case virtual servers sound perfect. Dont invest in expensive and inflexible plysical hardware yet. Hire out a virtual server then monitor your traffic. When your demand increases you can make a few clicks to expand your capacity or fork out for hardware then. Hopefully the increased demand will pay for the increased capacity.
While your website is ...
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Budgets are critical for a successful operation. You need to know what it will take to make your product and have some idea how much your burn rate will be.
There is really no good budgeting software that I have seen. Usually, people just use spreadsheets. You can use Quickbooks but it's not as flexible as a spreadsheet.
As David mentions above, knowing ...
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Money back guarantee because of the quality of work of 3rd parties has to be at the expense of said 3rd parties.
You have to do your market research to know what's the rate of exercising your option. How can you ask that without telling what kind of service or product you're talking about?
But, if you have different providers, you can set different fees ...
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Well the good thing about Adwords is you can set you budget so it doesn't get out of control. So worst case scenario you can only compete competitively with the competition for a couple hours a day before your budget is out.
How much is dependent on: what you can afford, what it costs per click, how many clicks you would get in a day, how many leads you ...
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I recommend that you look at some of the financials and financial notes for publicly traded companies in your space. For example, Facebook's and Angie's List SEC IPO filing information is available online for free and has some great information regarding the key drivers of their financials such as paid subscriptions and such. This will help you understand ...
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I'm guessing that you're preparing financials for investors. If you're looking for a rule of thumb here's one to follow: show that you can build a sustainable business.
Life expectancy is usually money raised / monthly burn rate. So if you raise 500K and plan to operate with a 40K monthly budget for 12 months then the question any sophisticated investor ...
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There is no standard agreed upon rate. It is based on:
-your location
-your product
-your market
-the consultant's experience
-the consultant's perceived risk
-the associated marketing investment
-the brand equity
-the market and brand foot print of your competitors
I could go on. . . . All of these determine the" price" -in the end it is what you can pay ...
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I would make a spreadsheet, for example in Excel, were you indicate time intervals in the future (for example each month) on one axis and the parameter in question on the other. In your case this would be cash.
Then I would fill in various expenses that would fall in each month to see when you run out of cash. You could also indicate income, for example, ...
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Depending on your product/service, you may be able to generate sufficient buzz to drive traffic and sales with mostly sweat equity. Social network marketing can be great for this. Do this in coordination with a sound search engine optimization strategy and you can generate sales relatively inexpensively (from a financial perspective). Just will take hard ...
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I am currently looking for funding for my startup - $1.5 million worth. As part of this process we put together a detailed financial model of the business including: financial assumptions we were making (as to sales prices and costs etc), schedules, financial statements for three years, startup costs and cap table.
It was a lot of work but worth it for ...
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You have a great attitude: you know that first and foremost, a budget is a tool for you to use to capture decisions, set priorities and compare plans to reality. If that's already natural to you, surely you will want to share this with an investor. And any investor will certainly want to know - and have the ability to monitor or manage - how you spend their ...
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It can be exhausting to constantly search for new information, so you're thinking about a position in the company to mine information, process what is important, and share it with the company.
You are doing well to think about this, because understanding the market can lead to adjustments in strategy and new opportunities. You can improve the depth at ...
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Mmmmm... More info is needed to field this question but I'll take a swing. First your salaries should be categorized as either direct labor or overhead. For direct labor use the following breakdown:
Desired Salary / Yearly Hours Worked (i.e. 40 per week * 52 weeks = 2080 but substract vacation and training time)
Suppose 75,000 / 2080 = $36.06 per hour is ...
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It really depends on a number of things. If you looking for a formula you won't really find one that fits every business. It really depends on the strategic direction of your organization. Let you goals and objectives drive your budgeting weights. If your goal is to sustain a product it also is different at every business. For example- a poorly ...
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Well most techies think something approaching 100% is good ... but really, its not.
It comes down to the individual profile of the company and where the key business effort is. It sounds like the tech is established and your in a steady growth / maintenance sort of phase, you should have a good pace down for sprints if your doing agile. If this is the case ...
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Yes. People who know each other will have a greater change of spreading the word to other friends or social networks in a way that results in additional referrals. People may spread their exposure to a product to people thy don't know, but the impact of that will be far less than the impact of shared exposure from someone they know.
This may be one reason ...
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It depends on how 'viral-worthy' your content is... Most viral campaigns flop. The content isn't interesting enough, doesn't trigger enough of an emotional response, doesn't work. Most of the time.
A good viral campaign will do some awareness-building at the beginning, but it doesn't require continual funds or effort once it's caught on. The buzz ...
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You know the budgets of all your competitors? Then you are one lucky dude. Chances are these numbers are not that reliable, you have other known competitors with unknown budgets, and even more unknown competitors.
Rather than get insecure about your business plan based on such dubious information, look back at what it is that is making you nervous about ...
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If you can do it for that amount then you are in better long term shape than the other guys. But you may have overlooked something:
How many people and varying roles you will need.
How much the marketing effort is going to take
Your intended growth rate, they may be targeting 1 million new clients in a year, where your expecting 1000.
Here is a basic ...
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If I understand your question, you appear to be focusing on access to capital. It's pretty routine in many large businesses, especially where there is capital-intensivity (infrastructure-heavy businesses, for example), to operate structures giving access to capital somewhat independently of Business Unit structures (that is, focusing on projects and ...
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This sounds great, but is actually pretty confused.
Let's tease out the elements of intention.
We need to start measuring employee satisfaction with the canteen
We're willing to spend a bit more to raise that satisfaction level
We want to encourage and empower staff to act to improve their part of the organizational machine
Subjective measures are ...
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Now this does seem to be on the low-side. Hopefully, you can measure you ROI so anything spent on SEM or Paid Search will be worthwhile.
I have heard from experienced entrepreneurs to "take your budget and double it" to come up with a number when speaking with investors. The reasons are: 1) things never work out as planned; and 2) leave yourself with ...
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