How To Grow Your Revenue

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Investors want to see momentum and traction before funding a startup.

It's important to have a growing revenue stream to gain investor interest.

Here are some key ways to grow your revenue.

Look for disruptions in the market and take advantage of those opportunities.

This could be external factors, such as the pandemic, changing the way people buy products.

It could be technology changing, such as AI becoming a new platform to use.

Consider hiring talent to spur revenue growth.

This could be hiring more salespeople or generating more leads through marketing.

Research the data in your company to find new opportunities for revenue.

Data comes from external sources such as customers who give ratings and reviews.

It comes from partners and what they are doing.

It also comes from internal sources, such as a breakdown of product sales by channel or location.

Explore new areas of the company to grow.

If the company is strong on product development, consider focusing on sales.

If the company is strong in sales work, consider technology as a potential growth area.

Consider these steps on how to grow your revenue.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

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For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
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Reasons To Pivot the Startup

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

Pivots are part of the startup journey.

Most startups pivot at some point along the way.

Here are some reasons to pivot your startup.

The revenue traction is simply not coming up.

Consider a pivot to a more profitable business model, such as SaaS.

This can generate a great deal more revenue for the company

Consider moving to a different point in the value chain.

Moving closer to those with money enables the startup to charge more.

Customers use the product in a way that it was not designed for.

Consider a pivot to enhance the new use case.

A new business model may be in order, given the new application.

Finally, one product does very well while the rest of the line languishes.

Consider a pivot to focus on that product alone.

Shift to provide extensions of that product as a path to growth.

When things aren't going as planned, consider a pivot to solve the problem.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

_________________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.

Disadvantages of Investing in a Fund of Funds

Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.

While a fund of funds investment approach may have benefits, there are disadvantages.

Here is a list:

The returns on a fund of funds range widely.

It's rare that a fund of funds makes more than 25% IRR.

It's just difficult to do with the funds spread across so many investment theses.

Fund of funds are expensive.

Consider the management fees and carried interest before committing to one.

Too much access.

Some fund of funds offer access to anything and everything.

With so much choice, it can be difficult to build a winning fund of funds.

Exits often come through the secondary market.

These give very poor returns.

Before investing in a fund of funds, check for references with other investors who have been in the fund.

Talk with those who have been in it for a substantial period of time, say three years or longer.

This should provide guidance on how well they work.

A fund of funds has benefits and disadvantages.

Thank you for joining us for the Startup Funding Espresso where we help startups and investors connect for funding.

Let's go startup something today.

_________________________________________________________

For more episodes from Investor Connect, please visit the site at: http://investorconnect.org

Check out our other podcasts here: https://investorconnect.org/
For Investors check out: https://tencapital.group/investor-landing/
For Startups check out: https://tencapital.group/company-landing/
For eGuides check out: https://tencapital.group/education/
For upcoming Events, check out https://tencapital.group/events/

For Feedback please contact info@tencapital.group

Please follow, share, and leave a review.

Music courtesy of Bensound.