Why we must commit to nature conservation even after the pandemic: Rohit Varma, Nature inFocus – YourStory

Why we must commit to nature conservation even after the pandemic: Rohit Varma, Nature inFocus  YourStory
“startups when:1d” – Google News

Nikola CEO says startup’s plans intact even if GM deal unravels – Crain’s Detroit Business

Nikola CEO says startup’s plans intact even if GM deal unravels  Crain’s Detroit Business
“startups when:1d” – Google News

Want to make Cincinnati’s neighborhoods even stronger? Add affordable housing – Cincinnati Business Courier – Cincinnati Business Courier

Want to make Cincinnati’s neighborhoods even stronger? Add affordable housing – Cincinnati Business Courier  Cincinnati Business Courier
“startups when:1d” – Google News

The Golden Equation: Your Break Even Analysis

I'm a 24 year old back end developer and I felt like sharing the most important thing I've picked up from my last two startup pitches. You may have a great product or service but if you have no idea when you'll be breaking even { When Total Revenue Earned = Total Costs (Fixed and Variable) }, then most investors will hesitate to fund you. As the CEO of your company, you should make sure you have this important detail in your business plan. The company starts making a profit after breaking even.

The Break Even Analysis is a simple formula: Fixed Costs / (Selling Price Per Unit – Variable Costs)

Fixed Costs are the costs the business has to pay whether or not you sell a product eg Rent, Salaries, Building Machinery

Selling Price Per Unit is the cost of your product

Variable Costs are the costs incurred in producing, marketing and fulfilling your product

Selling Price Per Unit – Variable Costs is also called the Contribution Margin Per Unit since its how much the product is contributing to the Fixed Costs of the Business

Let's assume that our startup is Yeezy and we sell shoes. If our Fixed Costs are 100,000, our Selling Price Per Unit is 1500 and our Variable Costs are 500, then our Break Even will be

100,000 / (1500 – 500) = 100

This means we have to sell 100 shoes before we make our first profit.

This is information that gives the investor confidence that there's a return on investment.

Would love to hear more from your experiences. I felt I needed to put that out since it's based on my personal experience in the startup space here in Kenya. Good Luck!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

I want to create an information app but don’t know how to get started or who to even talk to

I don't really want to talk about the idea that much haha. But essentially what I am looking for is guidance in how to go about building off of an idea and making something out of it. If I wanted to create an application, who would I talk to about that? maybe I should be in another subreddit for app development. hmmm not sure.

I want to create an app that does something similar to how yelp or google provides information about a company or business like a restaurant, hotel, supermarket, et cetera. Where do I even start? what kind of people do I need? (i.e. programmers, web developers, et cetera)

What might I need for financing something like this?

Any guidance would be greatly appreciated!

submitted by /u/bubbygold
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Local shoe startup Floafers seeing jump in demand even as customers aren’t stepping out as much – The Dallas Morning News

Local shoe startup Floafers seeing jump in demand even as customers aren’t stepping out as much  The Dallas Morning News
“startups when:1d” – Google News