WHAT STARTUP FOUNDERS SHOULD KNOW ABOUT SOFTWARE DEVELOPMENT

#1?WHAT STARTUP FOUNDERS SHOULD KNOW ABOUT SOFTWARE DEVELOPMENT?

Startups should think through how they implement the specific practices needed to build a flexible development strategy, accurately estimate the required time and resources, keep effective processes up and running, and retain enough room for needed pivots. Otherwise, building a market-fit product is not granted. Certain decisions may lower agility.?These decisions are not suited for afterthought.

#2 HOW TO LAUNCH YOUR STARTUP WITHOUT BEING AN EXPERT?

Being an entrepreneur has become extremely popular in recent years, and the number of startups globally has increased significantly. These companies are characterized mainly by accelerated growth backed by funding. As a result, a lot of these companies manage to exist and even be sold off to larger corporations. Even notable companies whose business models are sought after worldwide,?like Amazon and Facebook, began as startups.?

#3?THE ULTIMATE SMALL BUSINESS GUIDE TO FINANCIAL HEALTH?

Being financially healthy allows your business to operate more smoothly and focus on growth, instead of constantly playing catch up. It’s not enough to just be able to pay taxes, make payroll, or even to have something left over at the end of the month. You want to be strong enough to handle the inevitable ups and downs of small business ownership,?and to also be prepared to handle what comes your way.

#4?HOW STARTUPS CAN DO INVESTOR COMMUNICATION RIGHT

You’re an early-stage startup and you’ve just raised capital from investors. Congratulations! Now you can finally get your company to the next level. But wait: don’t forget your investors just because the money is in the bank. What’s the point of having great investors if they’re not a part of helping you achieve your next milestones? Obviously, you could just do the bare minimum — report on KPIs and progress and that’s it.?Make them feel included and engaged.

#5 WAYS TO SHOW EMPLOYEE APPRECIATION YEAR ROUND?

March 3 is Employee Appreciation Day, and while many companies may already have gift cards and team lunches lined up for the occasion, it's a good opportunity for leaders to reflect on how appreciation can improve their employee retention. According to a recent survey, an employee recognition and human capital management company, nearly half (46.4%) of all employees only feel "somewhat valued" at work, with over?10% sharing that they don't feel valued at all.?

If you enjoyed this newsletter,?forward it to a friend. If you are a startup with a founder from Central or Eastern Europe or Israel looking for financing, whether it is Seed, Series A or later,?submit your pitch deck.

SUBSCRIBE TO FLASHPOINT FIVES

UBMIT YOUR PITCH DECK