Category: Resources

Best Business Startup Books - Reagan T. Pollack

Best Business Startup Books [Updated 2022]

My list of some of the best business startup books to launch your next big idea, launch your startup business, raise Venture Capital, and scale to new heights. Whether we’re starting, growing, or struggling in our businesses, helpful books can bring us much-needed insights, strategies, and motivation to press on and unlock success, despite the …

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Top 10 Best Gifts for Entrepreneurs - Startups, Small Business, Office Gifts

Top 10 Best Gifts for Entrepreneurs [2022]

this article contains affiliate links Starting a new business venture can be daunting, but with a little help from some technology, ergonomic gadgets, and modern amenities, new founders will be on the road to growth in no time. Long hours sitting can do a number on your back and body. Eyes can become glazed over …

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Business Plan Idea - Entrepreneurship - Founder - Startup - Reagan Pollack

Best Books for Entrepreneurs to Read [Updated 2022]

Best Books for Entrepreneurs [Updated 2022] Our list of the best books for entrepreneurs to get your next big idea, launch a startup, raise Venture Capital, and grow. Whether we’re starting, growing, or struggling in our businesses, helpful books can bring us much-needed insights, strategies, and motivation to press on and unlock success, despite the …

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Reagan Pollack

3 weeks ago

Reagan Pollack
Simplification of your business is key to success and profitability. The more complicated the product is to sell, the longer the sales cycle time. The more people you need to make one revolution of the sales cycle (from marketing to on-boarding to fulfillment to collection and customer service) the slower your business can scale, the more stuff can go wrong, and the higher your chance of challenges to solve at each phase. My advice, is to simplify the path to purchase as much as possible. Throw out extraneous moving parts, PDFs, case studies, packaging, multiple meetings, etc. Give customers the tools and value they need immediately so they feel comfortable working with you. Why make them wait until they have a call with an account executive to finally see pricing and product features and terms?Customers are smart, savvy, and in a hurry to find the right fit. Help them see the value immediately, and get out of their way. The more your startup or small business can get this logic and facilitate expedited on-boarding and value proposition delivery, the easier and cheaper it is to scale your enterprise to larger levels. Investors love companies that are self-explanatory and the customer services themselves and unlocks value without hand-holding. What are some of the ways that you can reduce sales and operational bloat, and clear the path to success for your customers? Comment below 👇 #nostartupleftbehind #ecommerce #salesstrategy #founder #salestraining #SupportSmallBusiness #startups ... See MoreSee Less
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Reagan Pollack

1 month ago

Reagan Pollack
A lot of entrepreneurs confuse gross markup with gross margin, and the results can literally make or break your bottom line. It’s easy to do, but here’s how to know the difference and how to quickly calculate the correct margin that drives net profits. 🆙 Markup is simply the cost of the product multiplied by a percentage % such as 50% to yield a sell price. It tells you how much higher your sell price is to your cost. But does NOT tell you how much gross profit dollars you actually keep after a sale. Example: $100 cost x 50% markup or 1.5 = $150 sell price. You could say this product has a 50% MARKUP. 💰Gross margin is very different; it’s how much profit your company keeps after each sale. Example: $150 sell price - $100 cost of product = $150-$100 = $50 profit or $50/$150 sell price = 33% gross margin profit. If you’ve been calculating markup at 50% thinking you have a 50% profit margin - you’re incorrect - and are not seeing the right profits at the end of the day, you must start using gross margin to determine the correct margin required to run your #startups profitably. For more helpful business and startup advice and strategies, grab a copy of my newest book 📚 🚀No Startup Left Behind: Learn How to Launch an Idea and Skyrocket to Startup Success a.co/d/2RPcdiy#nostartupleftbehind #ecommerce #founder #entrepreneurship #booklovers #bookauthor #SupportSmallBusiness #digitaladvertising #grossprofit #profit #nonprofit #marketing #salestips #salestraining #salesfunnel #salesstrategy #salescoach ... See MoreSee Less

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