About to launch SaaS biz. What am I missing?

About to launch my B2B SaaS business first product (MVP). Got CRM and Automation. Got sales guy. Got website. Got accounting software. Got payment processing application. Got the first version of my product. Got hosting. I know I’m forgetting some stuff.

What am I missing?

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

Fundraising Thursdays – A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital

Welcome to this week’s Fundraising Thursdays Thread.

Ask about anything related to fundraising, investors, accelerators, grants, and other sources of capital.

That includes how to find these sources, how to work with them, and how to negotiate with them.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

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

Curious about the newest healthcare inventions? Join BIO-Europe’s online event with EIT Health InnoStars! (Sponsored)

Join this year’s BIO-Europe virtual event from October 26–29, and watch the pitches of some of the best healthcare startups coming from Central, Eastern and Southern Europe. Even though they come from different regions they have something in common – they all have the potential to revolutionise the healthcare industry and impact the future of…

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The post Curious about the newest healthcare inventions? Join BIO-Europe’s online event with EIT Health InnoStars! (Sponsored) first appeared on EU-Startups.

EU-Startups

Tuesday Operational Roundtable – A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

Welcome to this week’s Operational Roundtable Thread.

Ask about anything related to legal, accounting, project management, or how to get started.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

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

5 Things Startups Need to Know About Cybersecurity

Entrepreneurs can prevent malicious actors from undermining their vision by developing a security-first mentality. Cybersecurity is important for all businesses, large and small. Entrepreneurs who understand cyber threats can avoid compromises that disrupt business and erode trust with both clients and consumers.

Today, it’s nearly impossible to compete on a significant scale without technology. However, that doesn’t mean you have to accept that losses due to cybercrime are a part of doing business. By understanding cyber threats, you can make it more difficult for hackers to compromise your data in the first place.


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The following are five things that all startup entrepreneurs should know about cybersecurity:

Cybersecurity matters for all businesses

Logic dictates that hackers go after big-ticket targets. However, research released by the Ponemon Institute reveals that nearly 60 percent of small-to-medium-size businesses experience network breaches.

You may believe that your enterprise is too small to worry about cybersecurity. However, startup companies are especially vulnerable to malicious attacks in their first year and a half of operation.

If you use technology to store and manage sensitive information, you are a potential target for malicious activity. Hackers aren’t discerning. They use automated scripts to find any networks that contain vulnerabilities. So if you don’t protect your network, you’re asking for trouble.

Many startups don’t have a budget for a dedicated IT department. Nevertheless, they must make security a top priority from the start. Entrepreneurs should perform basic cybersecurity measures or, if possible, hire a consultant.


Related: Communicating During a Crisis: Your Startup and Cybersecurity

Trustworthy employees aren’t enough to protect your network

When it comes to cybersecurity, people are the weakest link. All it takes is a lapse in judgment to grant a hacker access to your network. Hackers sometimes use phishing attacks to trick trustworthy employees into revealing sensitive information that allows them to access company networks. Employees can also inadvertently compromise your data by connecting their already compromised personal devices to the company network.

By training employees about how to identify and avoid these threats, you can make it harder for scammers to gain access to your company’s proprietary information.

Always remain vigilant about data breaches

There are several ways that hackers can compromise your network. However, data breaches are a top concern.

With data breaches, cyber criminals target company networks to steal sensitive customer information to resell on the black market. The criminals who buy this information then use it to create false identities in bulk. If your startup stores sensitive customer information, your database is a prime target for hackers.

It’s essential to control your data

From the very start, you must know who has access to your company’s data. When you launch your business, it’s sometimes necessary to share sensitive credentials with third-party vendors. When those relationships change or end, it’s easy to forget to revoke those privileges. However, this is a mistake. You have no idea how or if that third-party vendor will protect your information. Software vendors build network infrastructure with tools that allow you to control who can access your information.

Also, you should compel all personnel to use strong passwords and change their passwords regularly. You should also revoke network access as soon as third-party vendors or freelancers complete their work or when employees leave the company.


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The cost of cybersecurity software outweighs the risks

Most startups don’t have budgets comparable to large, established corporations. Most, however, can afford basic protections such as a firewall, antivirus utility and encryption resources. While there are cybersecurity resources that are available free of charge, it’s not a good idea to use free security software to protect your business.

Many cybersecurity companies offer software subscription services. The subscriptions enable startups to pay a nominal monthly subscription fee, rather than purchasing the full program. Even with a subscription service in place, you must evaluate your offerings and determine what will work best for your business.

Many developers of cybersecurity software subscription services can offer you packages with enhanced features as your company grows. More importantly, these programs will protect your vision, and your investment in cybersecurity may help you avoid a serious incident that could hurt your brand irreparably.

For startups, cybersecurity is an expense that doesn’t directly contribute to the goals of your organization. Nevertheless, it’s necessary in today’s digital environment. 

The post 5 Things Startups Need to Know About Cybersecurity appeared first on StartupNation.

StartupNation

Tell employees about investor meetings/accelerator applications?

Should I tell employees I’m applying to accelerators and about to start pitching investors? Currently a team of 10. Not raising because we’re going to die, runway is 2 years+ at our current rate. I think I should only tell them if we make it to an accelerator or if we have a signed term sheet. If I tell them now and nothing happens they may get demotivated and lose momentum. Thoughts?

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

Fundraising Thursdays – A Forum to Ask About Fundraising, Investors, Accelerators, and Other Sources of Capital

Welcome to this week’s Fundraising Thursdays Thread.

Ask about anything related to fundraising, investors, accelerators, grants, and other sources of capital.

That includes how to find these sources, how to work with them, and how to negotiate with them.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

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

With how much capital did you start your startup and what’s the startup about?

I'm just a student that think's of opening a startup in the future and I'm courios how much capital do I need to start one. I'm thinking about food bussines or electronics, like a food container that I can move it and change the equipment for every season. Thanks.

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

Tuesday Operational Roundtable – A Forum to Ask About Legal, Accounting, Project Management, or How to Get Started

Welcome to this week’s Operational Roundtable Thread.

Ask about anything related to legal, accounting, project management, or how to get started.

Don’t be shy. The purpose of this is to learn and share ideas and methodologies with one another.

Any question is a good question!

If you are answering questions, remember to be kind and supportive. Many are just starting out and have no idea what they are doing. That’s okay! We all knew nothing before we knew something.

You can also find more support using instant chat on the /r/startups discord.

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

What magazines do you regularly read that provide both solid business tips and good stories about startup/ business life?

I have been working in corporate America for two decades and have been reading Harvard Business Review for probably 10 years. I used to read Entrepreneur but found it a bit too focused on “brick and mortar”. The last two years, I have also been reading MIT Sloan Mgmt Review for their bigger focus on tech, but, as with HBR, is still quite Wallstreet focused.

As I am building my own healthcare tech company, I am looking for some inspiration and tips that are catered to our side of the economy. What are you reading?

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