Vladimir Tingue - Save Business Capital Maximize Start up Profitability

 What can you think of as one of the most important concern for any start up? Well it has to be managing the business capital, while some may have surplus of it to manage, some may be highly deficient. Vladimir Tingue might have brilliant business ideas and would want to see them come true. You have the option of getting business loans in that case, but it's important to have a sound business proposal to make an impression on the bank or financial institution. For both the cases entrepreneurs have to be extra careful while taking any decision and finalizing any deals. The best source of startup capital would be to bring in more cash than you pay out. Now is there any argument in that?

Let's consider your venture is going through high cash burning, you need to take a calm look at its profit model and find ways to reverse money bleeding. Going by the simple calculation, profits should be company's revenues minus costs. So you can either increase revenues or work towards controlling costs.

Turning the knob of your start up profits can be a little tricky considering you have to generate positive cash flow along with maintaining the value created for employees and customers. Let's discuss the top selected ways to maximize your start up profitability:

1. BOOTSTRAP your expenses

Some may have the pleasure of finding early sponsors to businesses, but for those not so lucky, it all has to start with the self initiatives. Adjust your lifestyle for a year and a half and cut out all unnecessary expenses to make most capital believable.

2. Pitch Perfect

It's very important that you understand the core of your offerings and pitch perfect accordingly. Avoid excuses like "We're still building it", "We haven't tested it yet" and others, for any of these retorts doesn't work at all.

Rather accept your shortcomings and sound compelling on your plan to work with the customers providing unmatchable service that would ultimately prove their decision to be right.

3. Board people who shares your PASSION

What holds the company together in its beginner years is boarding people who shares your passion for achieving business goals and mission, find people who are excited to work for you and then for themselves.

4. Be CAPITAL efficient

Office space - keep it cheap. First success party - chose someone's big enough living room, PC's - buy second hand. These are your building years that would go on to make you what you are today. Don't rob yourself from all these years.

5. Ask for Venture Capital, when NEEDED

After building company basic dynamics of product, customers and positive cash flows, it's time to raise venture capital. Put it in a bank account that would cushion the company at times of need and give confidence to customers that the company has staying power.

Win over Sustainability

Every successful business endeavors can be judged for how long they have sustained and carved a nice comfortable space for themselves, employees are happy, returns are great and a long list of repeated customers with a reliable data of market leads. What more can you ask for?