Posts by Open Source ERPS

NYC Hackathon Survival Guide for under $70/Night

For residents in one of the five boroughs – Brooklyn, Bronx, Manhattan, Queens, or Staten Island, getting to and from your home each night after the hackathon is simple – just hop on the subway and you’re sleeping in your own cozy bed within an hour at most. But what about those participants from neighboring…

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CEO vs COO Relationship

One of the most interesting dynamics in a startup company is the relationship between the Founding CEO and a Co-Founder or COO. In many startups this relationship is usually one of the first to form, and in most cases is out of necessity. In a startup, there is an incredible amount of skill, energy, time…

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Should Tech Entrepreneurs or Business Owners Get An MBA?

There has always been a debate as to whether an MBA provides an added advantage to the entrepreneur or business owner who may have already passed the initial hurdle to starting a business. On one side of the debate is the negative implication that an MBA stifles creativity, provides too much structure for a startup…

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Valuation: What Are You Worth?

Before we begin, I want to disclose that this article is more of a thought process rather than a hard and fast rule on valuation. The topic in and of itself has produced hundreds of literature, articles and thesis, all varying in the philosophy and methodology in valuing an early stage company. I advise business…

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The Startup Salesperson

This isn’t Glengarry Glen Ross When building a startup, it’s important to “Always Be Closing” as Alec Baldwin says in “Glengarry Glen Ross. The movie is a classic to say the least and you can check out the clip here: (Warning: Some Explicit Words) As a trained stage actor I have always appreciated the art…

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More Profits – Less Stress

Running A Company Without Stress Yeah ok, throw away that title as running a business without stress is near impossible! Well maybe not impossible, but close to it. Starting a business by its very nature is extremely stressful. Not generating a stable income, fear that everyday will be your last day of business, sacrificing a…

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Finance Team – When To Hire A CFO?

At whatever phase you are in your business, more likely than not you are going to need the assistance of someone in the financial services industry.  Whether that is an accountant, bookkeeper, controller, or ultimately a CFO uniquely depends on the given situation of each and every business.  Whereas an accountant or bookkeeper may review…

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Why Free Cash Flow Is Important

Why Free Cash Flow Is Important Free cash flow is the amount of cash a company possess in the bank at any given time after all of its bills and payables are accounted for either on a daily, weekly, monthly, or yearly basis. Free cash flow is important in the life of a business as…

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Using Technology In Your Business

It is an exciting to be a growing business. Gone are the days where only big corporations can afford top of line software and custom development. No longer do small businesses have to wait a year or two for the cost of software to come down in price in order to implement it in their…

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