Tag: COVID-19

5 Cash Flow Tips for Startups - Reagan Pollack

5 Cash Flow Tips to Save Your Startup

Hello Cash Flow. I Love You. When I was 20, launching my first Internet company out of my dorm room at Babson College, I focused about 90% of my effort on building the product with about 10% on generating our first sale.  One area that never crossed my mind (until it was almost too late) …

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COVID as a Platform - Reagan Pollack

COVID-as-a-Platform: How COVID-19 Disrupts Behavior, Business Models and Builds the Next Generation of Entrepreneurs

Sterilize. Sanitize. Disinfect. Decontaminate. Wipe Down. Rinse Off. Repeat. Welcome to the Contam Culture – a new “normal” modus operandi if you will, we’ve been forced to accept in a pandemic induced world. As the weeks become months under the quarantined, sheltered, physically-distanced era, businesses and consumers have had to adapt to this radical shift …

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Startup Zen

Finding Calm in the COVID-19 Storm

Startups are not only a biggest test of our abilities to execute on a market hunch, but more deeply, the limitations of our own mind. They fully test everything we think we know about ourselves — from our deepest fears to our highest hopes — and most startups fail in the mind first, and the market second. …

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Startup Success during COVID-19

Startup Success during COVID-19 – How to Thrive, Not Just Survive

During COVID-19, the world of business has come to an abrupt halt – nearly every industry, sector, and business type (products and services) have been and will be impacted by the pandemic. If you are on the fence still wondering if now might be a good time to start your new business, I say, “Yes! …

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Reagan Pollack

3 days ago

Reagan Pollack
In 2005 while attending Babson College business school, I set out to launch my first internet startup. The vision was to build a platform (back then it was called a web portal) that would connect the music industry and expedite artist discovery (A&R), facilitate new business deals, and bridge the fragmented music business ecosystem. The goal was large, but in order to accomplish it, without prior experience nor significant connections, I broke the mission down into manageable tasks and chunks. This not only helped lay the foundation but also helped me to prioritize which elements would be needed first and subsequently.At graduation, I headed back to Silicon Valley and began my adventure full steam by opening an office, raising capital, and hiring my first ten team members. With a business plan in hand, I had a clear roadmap from an operational and financial perspective, and by spending significant time constructing the website wire-frames, it helped me to better stress test my assumptions with real-world pre-customer feedback. While most of the business plan didn’t materialize the way I had envisioned, it did help me greatly to strengthen my resolve for the vision and gain confidence that the end goal was material. I implore founders today to spend a few weeks writing down their vision and breaking into daily tasks, and the rank them in order of importance - ask yourself “if this comes first, does this unlock value next?” “If this comes next, does this expedite the next phase on my list?” The best (fastest to get to market and grow) entrepreneurs think in phases and are incredible at prioritizing tasks to reach the next tranche of milestones. Being in a startup can be dizzying - there a dozens of potential features to build, hundreds of people to pitch, and time is your enemy. Practicing prioritization - the ability to truly rank each activity by its weight (value) to drive actual traction - will ultimately position your business to win cost efficiently and market effectively. #nostartupleftbehind #entrepreneur #startups #entrepreneurship #founderstory ... See MoreSee Less
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