The phrase
"startup phase" refers to the early stage of a new business or project when it is being set up and established. It is the period where the initial groundwork, planning, and development take place.
Full definition
We literally went through the whole
startup phase on our own, meaning that we even went to buy and fix furniture of our first office on our own.
A common assertion upon the mouths of entrepreneurs
at startup phase, that money is the sure bet for their success, is one that must be de-mystified.
This is an excellent trait for the
initial startup phases, but these super-starter entrepreneurs often can't transition into the very necessary ability to trust others.
Working with stakeholders across both schools, this leader will move Caliber
from startup phase to established excellence.
While it's possible to learn them on the fly, too many entrepreneurs simply don't, which tends to lead to trouble once a business grows beyond the starry -
eyed startup phase.
Take the experience of Gary Hirshberg, the founder of successful U.S. yogurt producer Stonyfield Farm, who told delegates at a 2013 Inc. leadership forum what happened to him after his business outgrew the
chaotic startup phase and entered a period of sustained, stable prosperity.
Mr. Cavanaugh has developed and implemented intellectual property strategies suited for companies at all stages, from
early startup phase to established business phase.
After a business has progressed past its
initial startup phases, there are many different types of transactions a company may experience during its lifetime.
If you're just starting off (or even well past
the startup phase), the guaranteed method for you and your business is to optimize social media and regularly connect with your tribe.
CLV is often tricky to calculate and does involve making a few assumptions, at least during
the startup phase.
When you need to attract talent, you need something to show prospective employees since you're still in
the startup phase.
Still, observers say the industry is in
its startup phase and could see some growing pains.
When in
the startup phase of a company, planning is highly overrated and goals are not static.
Entrepreneurs addicted to the chaos of
the startup phase often struggle to adjust to smooth sailing.
The startup phase is when your business is at its most fragile, so rein in costs wherever you can and focus on scaling up
For many businesses, there comes a time in
the startup phase when cash is short, revenues are not growing fast enough and anxiety about the long - term sustainability of the business is growing.
Dylan Lauren, founder of the glam candy retailer, turned down a partnership with the big - box retailer during
its startup phase.
She learned that you have to realize it either takes a lot of money or a long time to get beyond
the startup phase.
The startup phase is where the IT industry does offer some real advantages, since such businesses can be very nimble.
Being an entrepreneur is hard work and there are times in
the startup phase where you'll want to agree to certain things to get going.
«Growing up is an issue,» May says, referring to the challenge of getting past
the startup phase.
All made it through
the startup phase without succumbing to the instinct to sell, and all are doing their most innovative — and lucrative — work yet under the guidance of people who've been there since Day One.
What these people know — and what more Canadians need to understand — is that truly innovative companies tend to create more value as time goes on, as they shed the hype and tumult of
the startup phase and gain the customers, experiences and processes needed to become global businesses.
Branding is perhaps most significant during
the startup phase, when your reputation is nonexistent, your resources are tight, and your entire company will live or die by how much revenue you're able to generate early on.
Look for new hires who speak in terms of «we,» «us» and «ours» to replicate that culture beyond
the startup phase.
Appropriate cash management makes the difference between open and closed doors in
the startup phase.
Those companies featured on Marketplace are mostly all relatively small and primarily still in
the startup phase.
The U.S. Small Business Administration notes, «Franchising can be a great alternative if you want to have some guidance in
the startup phase of the business.»
The preferred solution would be to find a way to save as much money as you can during
the startup phase and leave the structure of your debt unchanged.
The result is that many companies, especially those in
the startup phase, miss out on the benefits of laying a solid public relations foundation.
Greenfield's shift is part of a natural cycle of entrepreneurship, in which the seat - of - the pants mode of leadership that worked in
the startup phase begins to erode as the venture takes on more employees and customers than founders can physically handle.
Instead of minimizing your payment during a time of uncertain income, such as
the startup phase of a new business, try to save up enough in advance to cover the loan for several months.
But they're an increasingly important one, especially for entrepreneurs looking to scale beyond
the startup phase.
«If you look at when people are getting money, it is way past
the startup phase,» says LaPan.
Forming alliances and partnership at the very beginning of
your startup phase is key to success.
Capital in
the startup phase is limited, so you have to be hyper - focused on your customer base and the problem you solve.
In
the startup phase, where you hire first makes a big difference in where the revenue comes from.
To gauge the prevalence of social entrepreneurship broadly, the researchers found a global average rate of 3.2 percent of individuals surveyed were in
the startup phase of social enterprise last year.
African American (21 %) and Hispanic (18 %) business owners were more likely than their counterparts in the general population (10 %) to be in
the startup phase.
It is a concentrated learning experience designed to help WBEs beyond
the startup phase to assess, improve and grow their businesses.
The Tuck - WBENC Executive Program is a concentrated learning experience designed to help WBENC - Certified Women's Business Enterprises (WBE) beyond
the startup phase to assess, improve and grow their businesses.
During
the startup phase of a business, it is normal to see negative operating cash flows, negative investing cash flows and positive financing cash flows.
The startup phase of your new business is likely the most exciting and exasperating time you'll experience over the life of your new enterprise.