In this talk from the Paris Founder Institute, Nico Perez outlines the best practices for managing revenue, costs, and profits. Finances are imperative to any startup, and at the end of the day, you have to keep the business side of your company in mind.
Nico is Co-founder and Creative Director of Mixcloud - an Internet radio company based in London, UK. He is also a mentor for the upcoming Paris Founder Institute, which is currently accepting applications. If you could use expert training, feedback, and support to launch a technology company, then apply today. The Final Application Deadline is Sunday, September 30th.
Nico advises entrepreneurs to begin thinking about revenues early on, and encourages them to build tools and features that ultimately allows users to act as marketers. In regards to profits, Perez stresses that a startup's employees are top priority, and although they are often the largest expense, in the end your staff is what will make your company great.
Like a true businessman, he ends his presentation with the quote, "if it doesn't make dollars, it doesn't make sense" (but do it for the love!). We couldn't agree with you more, Nico.
If you like his video below, follow Nico on twitter @nicoperez.