Go to Market Strategy: Why Entrepreneurs Should “Go Small to Go Big”

Don’t bother trying to be all things to all people. Instead, nail your niche for your go to market strategy.

You’re not going to walk down the street and see too many t-shirts that say “Go Small or Go Home.” While that exact notion seems to fly in the face of our competitive nature, it’s the perfect bit of advice for entrepreneurs, according to Brant Cooper and Patrick Vlaskovits, co-authors of the New York Times bestseller, The Lean Entrepreneur. In fact, keeping your business tightly focused on one niche is the best go to market strategy.

More

Tips for Coming Onboard as a New CEO

Navigating the transition into a company as a new CEO is tricky, but CEO of Spredfast Rod Favaron has some ideas on how to make it as smooth as possible.

Coming into a company as a new CEO, no matter how well established, is a delicate scenario. While every situation is slightly different, Rod Favaron reflects on his transition into the CEO role at Spredfast and offers some tips from his experience.

More

What Are Key Performance Indicators for SaaS? 6 Metrics that Really Matter

In this quick guide you’ll discover the six key performance indicators (KPIs) you need to monitor to analyze your SaaS company’s performance and track your growth  — without drowning the business in useless data.

 What Are Key Performance Indicators for SaaS? 6 Metrics that Really Matter

For many SaaS company founders and execs it’s understandably easy to get obsessed with tracking performance. It certainly doesn’t help that there is no lack of data to sift through

Before you know it, you can easily be submersed in wave upon wave of metrics and corresponding acronyms — customer acquisition cost (CAC), annual recurring revenue (ARR), annual contract value (ACV), lifetime value (LTV), just to name a few. At its worst it can be like searching for clear answers in a bowl of alphabet soup.

More

photo by: corrieb

Labcast: How to Build an Internal Recruiting Team

An in-house recruiting team can help save you time and money, but is your company ready to develop its own “talent factory?”

Labcast: How to Build an Internal Recruiting Team

For growing tech companies, finding the best talent to join new or rapidly expanding teams is both a top priority and a significant challenge. After all, making the right hire at this point can mean the difference between launching the company forward or setting it two steps back.

More

Your Company’s Competitive Advantage Is About to Expire: So What’s Next?

Say goodbye to the days of sustainable competitive advantage. Strategy expert Rita Gunther McGrath explains why competitive advantages have fallen victim to shorter and shorter shelf lives, and why you need to embrace a transient competitive strategy instead.

 Embrace Change: The End of Sustainable Competitive Advantage

For years, entrepreneurs who founded — or were planning to found — a business have heard a common refrain: Every business strategy must work toward developing a sustainable competitive advantage.

More

photo by: bogenfreund

Newsjacking Your Competitors: Capitalizing on Rival PR

Marketing strategist David Meerman Scott shares his favorite example of newsjacking in action, revealing how you can turn breaking news about your competitors into new possibilities for your business.

Example of Newsjacking in Action: Capitalizing on Rival PR

Today’s marketers are looking to get their company’s name in front of prospects and customers any way they can. They tirelessly tinker with keywords, they obsess over content strategy, they practically live on social media.

But now the best marketers are even finding ways to rip coverage straight from the headlines.

More

photo by: eDave Pitman

Beyond the Handshake: Relationship vs. Transactional Marketing

A handshake is just the beginning. The conversation shouldn’t end once a new customer comes on board — unless you want to see that same customer sign with a competitor down the line. Learn the benefits of relationship marketing by looking beyond the transaction to focus on customer retention and satisfaction.

Beyond the Handshake: Relationship vs. Transactional Marketing

Marketing and sales work in tandem to pinpoint buyer personas, fill the funnel, and turn those prospects into purchasers. But once a customer signs the dotted line, marketing typically exits the picture and lets the production and support teams take over. In some cases, it can feel like all that time spent building ties to multiple individuals within a prospect organization then just goes to waste.

More

photo by: Nomadic Lass

Which Social Media Channels Should You Prioritize?

Twitter. Pinterest. Facebook. Blogging. LinkedIn. Which of those social media channels should you be most active on if you want the best branding results?

While many big consumer brands participate in all of the social media channels imaginable, that’s not always a realistic (or smart) strategy for time-strapped individual executives and business leaders who are trying to develop their personal brands.

More

8 Deal Breakers that Send Venture Capitalists Running

Entrepreneur, startup advisor, and VC John Greathouse shares eight red flags inexperienced entrepreneurs routinely raise when pursuing venture capital investment.

8 Venture Capital Deal Breakers to Avoid

Because of the rapid pace with which venture capitalists review investment opportunities, they must employ pattern matching techniques which include identifying common fundraising deal breakers.

Fortunately, most deal breakers can be avoided, with a bit of pro-active thought and deft execution.

More

photo by: freddie boy

Dropping Freemium: How One Company Killed Its Free Plan and Grew 40% — And You Can, Too

For most SaaS companies, offering free trials and freemium plans is a no-brainer. But according to one SaaS entrepreneur, going in the opposite direction might actually do more for your bottom line.

Should You Drop Your Freemium Model?

In most SaaS circles, conventional wisdom suggests that in order to have any hope at rapid growth, SaaS businesses must offer freemium plans and free trials that entice prospective customers to give a product a try before they actually decide to pay for it.

More

photo by: 401(K) 2013