45 items found for ""
- FAQ | Our Most Frequently Asked Questions
Q: Is BearPeak a tech "matchmaking" service? A: We're more than that - We are your partner. Our clients look at BearPeak as an extension of their engineering team at all levels - Individual Contributor, Leadership / Strategy, and Human Resources. Q: Are BearPeak candidates BearPeak employees? A: Sometimes. BearPeak is flexible with our candidates (and clients), engaging with them on whatever basis is best for the individual. Some BearPeak candidates are employees, some are contractors. Q: What does BearPeak provide beyond the engineer? Any project management support, work tracking/guarantees, etc.? A: Every engagement (optionally) includes a dedicated "Software Delivery Director" at no additional cost, who ensures timelines are met and quality is high. We guarantee that if you're not happy - for any reason - in the first month (30 calendar days) we will refund our fee. Q: Are you serious about your money back guarantee? A: 100%! If you are not completely satisfied in the first month (30 calendar days) of the beginning of your BearPeak engagement, you may - for any reason - request a refund. We will return all fees related to the person who wasn't a fit and work to find you a replacement resource. Q: What are the strategic advantages of working with BearPeak? A: Flexibility, outside perspective, supervision, and significantly reduced risk. Q: What makes BearPeak candidates better than other agencies? A: BearPeak vets our candidates more deeply than typical agencies. In many cases, our candidates are people we have personal knowledge of; almost referrals. Q: How do BearPeak prices compare to the market? A: Comparable to fully burdened FTE salaries, typically. Cheaper than most of our competitors as well, on a margin basis, which means you receive higher-quality resources. Q: How do you compare contractors to FTEs from a cost perspective? A: We always look at compensation as a combination of base salary, benefits, bonuses, stock, etc - which we refer to as the "fully burdened" cost of the role. We also assume that only 48 full weeks of any given year are worked, as everyone needs time off. Q: Are you hiring? A: We're happy to hear you're interested in joining the BearPeak team! The best place to see our job openings and get notified of new ones is on LinkedIn: https://www.linkedin.com/company/bearpeaktech/jobs Q: What if my question isn't here in your FAQs? If your Q isn't an FAQ, let's chat! Visit our contact page to get in touch. BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- CI/CD Explained
Let's discuss what CI/CD is and how its revolutionary structure can benefit your business. We don't need a word counter to tell you what themes will appear the most: 1. Continuous 2. Automation The CI/CD procedure harnesses the practicality of uninterrupted, constant development. Sections that suffer from human error and take valuable time away from developers are instead automated. CI/CD - Definition definition. Continuous Integration and Continuous Deployment (or Delivery) is a set of procedures that streamline code changes for improved software development. It “introduces ongoing automation and continuous monitoring throughout the lifecycle of apps, from integration and testing phases to delivery and deployment. Taken together, these connected practices are often referred to as a CI/CD pipeline.” - Red Hat Let's break apart those sections: Continuous Integration definition. Continuous Integration refers to the procedure where copies of work are constantly merged. “Developers regularly merge their code changes into a central repository, after which automated builds and tests are run.” - Amazon Web Services . In the figure eight above, the steps that correlate to Continuous Integration are: 1. Plan - The precursor step: mapping out the procedure. 2. Code - Continuously writing and integrating code into a shared repository. 3. Build - Compiling and assembling code into executable artifacts / packages. 4. Test - Running automated tests to ensure the code functions as expected. Continuous Delivery definition. Continuous Delivery refers to automating the process of delivering code changes to a production-like environment, which tests and validates the code. “By developing in short cycles, teams can reliably release their software at any time… this reduce[s] the cost, time, and risk of delivering each change.” - Synopsys The pipeline steps that correlate are: 5. Release - Preparing and packaging the app for deployment, 6. Deploy - Moving the app to the staging environment for further testing. 7. Operate - Managing in the staging environment; tasks like configuring servers, setting up databases, and ensuring the environment is stable. 8. Monitor - Tracking the app's performance and health (which is an ongoing process). Continuous Delivery allows final testing and approval before actually deploying the code to production. The decision is typically made manually. Delivery Vs. Deployment The concept above is taken a step further: Once the code changes pass all tests and quality checks, they are automatically deployed without manual intervention. This means that the key difference between ‘Delivery’ and ‘Deployment’ is the level of human intervention in the decision-making process. Therefore, which the better option for your project? That may depend on these key factors: Is there a desire to achieve faster release cycles? What is your organization’s risk tolerance? Is there a systematic or legal need for final human approval before releasing changes into production? Consider these with your engineering team to pick the best process for your startup. Benefits of CI/CD Faster Development & Fewer Errors Since CI/CD automates the building, testing, and code change deployment process, it reduces manual errors and speeds up the cycle. No developer wants to release faulty code by mistake; CI/CD makes it less likely for errors to be deployed to production, which minimizes downtime and potential end-use issues. Improved Collaboration Developers can focus on writing code while operations teams manage the deployment process. Collaboration streamlines communication and also fosters a more efficient environment. Continuous Feedback Through automated testing, developers receive immediate feedback on their code changes. This feedback loop helps them identify and address issues early in the development cycle, promoting a culture of continuous improvement. Real-World Examples: Amazon The online retailer's move to the Amazon Web Services (AWS) cloud "spurred a transition to a continuous deployment process that allows any developer to deploy their own code to whichever servers they need, whenever they want." - TechBeacon.com . This transition reduced the amount and duration of outages, which increased revenue. Netflix Their custom-built platform called Spinnaker "allows Netflix to deploy code changes to production environments in minutes rather than hours or days... Before using CICD pipelines, the website becomes unavailable; why push the updates on it?" - Shiksha Online Etsy "Etsy struggled with the development of their organization because they adopted the monolithic architecture." They adopted DevOps practices with a "CI/CD pipeline [that] helped in deploying services about 50 to 100 times a day." - Medium.com . They started automating integration with the tool Jenkins and developed Kale to monitor deployment. Challenges & Considerations While CI/CD pipelines are being implemented by top-name brands, it still may not be best for your project. Consider each of these potential outcomes with your team before rolling out a new structure plan: Complex Growth & Skillset Gaps As your application and pipeline evolve, the configuration files and scripts get more elaborate. Managing these can become complicated, leading to potential errors and inconsistencies. Team members may need to acquire new skills to effectively work with CI/CD tools and updates. Providing training and support will be essential. Storing and version-controlling pipeline configurations is also crucial. Use tools like Git to manage files and ensure consistency. Test Environments & Coverage Ensuring comprehensive test coverage can be challenging, especially as the app becomes more complex. Setting up and maintaining test environments can be resource-intensive. To address this, identify which areas need testing and maintain a balance between unit, integration, and end-to-end tests. Containerization and infrastructure as code (IaC) can help. Scalability As your application grows, you'll need to ensure that your CI/CD pipeline can scale with it. This includes scalable infrastructure for running tests and deploying to multiple environments. Security Testing It can be challenging to keep up with evolving security threats and vulnerabilities, but integrating security testing into the pipeline will be essential . Regularly update your security tools and practices, and manage access control and permissions. Implement robust authentication and authorization mechanisms to prevent unauthorized changes or deployments. Third-Party Integrations Integration Dependencies. If your pipeline relies on third-party services or tools, you are dependent on their reliability and availability. Consider redundancy or fallback mechanisms for critical integrations. Compliance and Regulation Depending on your industry, you may need to adhere to specific compliance standards. Ensuring that your CI/CD pipeline complies with these standards can be a complex, ongoing effort. Handling Failures & Preparing Rollback Strategies Despite all precautions, failures can occur. Having well-defined incident response and recovery procedures is essential to minimize downtime and data loss. Consider the rollback complexity and whether you need a "canary" or "blue-green" deployment strategy to minimize risks. Addressing these challenges requires a combination of technical solutions, process improvements, and a commitment to continuous improvement. Successful CI/CD implementation involves not only selecting the right tools but also fostering a culture of collaboration, communication, and adaptability within your development and operations teams. New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . Wondering if CI/CD is right for your team? We're here to help ! At BearPeak, we can analyze your company's framework, needs, and goals to determine if CI/CD would be a beneficial new structure. It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an exciting new AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2023). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/" BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- The Ultimate Office Space Shopping List
It's time to design! Add these items to make your office space the foundation for a great work culture. This article is tailored for companies with a physical office space. If you're looking for tips for remote employee management, check out our last article . ↓ Scroll to the bottom for our Ultimate Office Space Shopping List ↓ New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . TABLE OF CONTENTS Keep It Flexible Open & Collaborative Modern Tech Personalization Wellness Seek Feedback Keep It Flexible This space is going to evolve; Your staff will change people and size in ways you can't predict, so keep flexibility in mind. Pick modular furniture pieces that you can easily move around, desks that can adjust between standing and sitting, and signage for any workspace rules you want new teammates to inherit. Providing diverse workstations can keep the space feeling fresh from day to day. Designate separate spaces for collaborative work, quiet zones, and casual breaks to help your team work in harmony. Consider scheduling days for everyone to rearrange their workspaces, so they don't see the same wall or window every day of their career. Open & Collaborative Like mentioned above, it's good to have collaborative workspaces, or breakout areas. Invite your team to enter a space for informal coworker meetings, brainstorming, and conversation. Make sure your entire team is well-versed on your employee handbook . This will help staff understand what appropriate conduct for the office is, as well as when they're expected to be working. Modern Tech You don't need to have the latest technology to make your staff happy. But features like high-speed internet and tech-friendly spaces with ample charging stations are a plus. Personalization A shared business space is an opportunity for you, your staff, and your company to show some personality! Encourage your staff to decorate their desk spaces so they feel a sense of ownership and familiarity. Decorate your own space so your team can know you better, too. Customizing the space with company branding can encourage a sense of community. Wall art, murals, staff event photos, trophies or awards, even a display of some of your product's original prototypes can build team identity. Wellness If your staff are in the office just as much as they're at home (if not more!), it's important to incorporate a wellness space. Even if it's a single lawn chair on the office roof, a break room promotes a healthy work-life balance. If you have the space and the means, a meditation room, fitness area, or green space are great options, and can help your staff want to be at work! Instead of associating the office with stress, your staff could find it relaxing and productive. With everyone under the same roof, don't miss the opportunity to help your staff bond. Schedule regular group activities like team-building games, workshops, and events. The office space isn't worth much if everyone comes in, sits at their own desk, and barely interacts! Seek Feedback A great work culture is not just about the physical space, but also the team interactions, values, and relationships. Continuously seek feedback from your employees to adapt and improve this workspace based on their needs and preferences. Your staff will also feel respected and appreciated if they know you're willing to make changes on their behalf. The Ultimate Office Space Shopping List Click to view as a PDF Furniture: Desks (adjustable or standing) Office chairs (ergonomic) Meeting room table(s) Meeting room chairs Lounge/breakout area modular (and moveable) couch Lounge/breakout area chairs Shelving units (modular if possible) Collaboration Tools: Whiteboards or glass boards Projector Projector screen Video conferencing equipment Technology Essentials: Computers and laptops High-speed internet and Wi-Fi routers Printers and scanners Ample outlets / charging stations Office Decor: Brand signage or logos Plants (real or fake, the more the merrier) Wall art or murals Trophies/awards Team photos Warm-toned lighting fixtures Storage Solutions: Filing cabinets Storage lockers Shelves (modular) Cable management solutions Workstation Accessories: Desk organizers Monitor stands Warm-toned desk lamps Noise-canceling headphones Meeting Room Essentials: Meeting room scheduling system Flip charts or presentation boards Breakout Area Supplies: Magazines or reading materials Wellness and Relaxation: Meditation cushions or mats Fitness equipment Wellness room accessories Relaxing background music system Kitchen and Pantry Supplies: Refrigerator Microwave Coffee machine or espresso maker Utensils Plates Cups Mugs Dish soap Sponge Paper towels Safety and Security: First aid kit Fire extinguishers Security cameras Secure document disposal bins Office Supplies: Stationery (pens, notebooks, sticky notes) Whiteboard markers Printer paper and ink cartridges Staplers and paper clips Label maker Personalization and Employee Well-being: Desk toys or stress-relief items Employee recognition board Grab bin / available items for staff desk décor Cleaning and Maintenance Supplies: Cleaning supplies Trash bins and recycling bins Vacuum cleaner or cleaning service arrangement Light bulbs and maintenance tools The Fine Details Scent plug-ins or diffusers Seasonal gifts for bathroom attendants Seasonal gifts for staff Polaroid camera to capture office moments Dog treats, food, and bowls for pet visitors It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an exciting new AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2024). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/ " BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- How Your EIN Works (Employer Identification Number)
Employer Identification Numbers (EINs) are an essential aspect of business operations, especially when it comes to taxes and legal matters. But who needs one? And how do you apply? New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . We're a software studio on a mission to bring your startup to its peak. Check out our startup studio services if you want to make your business concepts a reality. TABLE OF CONTENTS What is an EIN? Who Needs an EIN? How to Apply for an EIN How to Use an EIN for Taxes Applying for Business Bank Accounts and Credit How to Hire Employees and Process Payroll Avoiding Identity Theft and Scams Closing a Business and EIN Deactivation What is an EIN? In case you need a quick refresher: Definition: An Employer Identification Number (EIN) is a unique nine-digit number assigned by the IRS to identify your business. EINs are used for filing taxes, opening bank accounts, hiring employees, and other legal purposes. Before the IRS introduced EINs in 1974, businesses often used their personal Social Security Numbers for tax reporting, which posed privacy and security risks. A new number specifically for the company helps keep personal information safe and streamlines tax administration. Who Needs an EIN? You need an EIN if you fall into one or more of these categories: Businesses If you are creating a partnership, limited liability company (LLC), or corporation (B, C, or S), you need an EIN. Sole proprietors also typically need an EIN if the business hires employees, establishes a retirement plan (such as a solo 401(k) or SEP-IRA), files certain tax returns, opens a business bank account (at some banks), or transforms into a partnership. ⓘ What if I haven't picked a business structure? Not sure where to start? Check out how to choose a startup business structure . Nonprofit Organizations If you operate under section 501(c) of the Internal Revenue Code as a charity, church, educational institution, or other tax-exempt organization, you need an EIN. Estates Estates of deceased individuals that have income reportable on Form 1041 of the U.S. Income Tax Return for Estates and Trusts need an EIN. Trusts If you have a trust that is required to file income tax returns or has employees, you need an EIN. Miscellaneous Entities that engage in certain types of financial transactions, such as opening a bank account or applying for a business license, may also need an EIN. How to Apply for an EIN Applying for an EIN in the US is relatively straightforward. Check the IRS website for instructions to apply online, by fax, or by mail. International applicants can call. ( ! ) Important It is free to apply for an EIN through the IRS website. Be cautious of third-party websites that may charge unnecessary fees for this service. Complete the Application You'll be asked to provide the legal name of your business, the type of entity, the reason for applying, the address, and the responsible party's information. If you fill out the online application, this will be Form SS-4. Receive Your EIN After submitting, if your application is accepted, you'll immediately receive your EIN. You can then download, save, and print the confirmation notice for your records. You can request to receive your EIN confirmation by mail, but this will prolong the processing time. Once you have your EIN, make sure to keep it secure . If changes are made to your business structure or ownership, update your EIN information promptly. How to Use an EIN for Taxes Depending on your business structure, various federal tax returns, including income tax returns, will require your EIN. For example, corporations file Form 1120 and partnerships file Form 1065, which will ask for your EIN to streamline the tax paperwork process. Employment tax returns (such as Form 941 for quarterly payroll taxes) will require an EIN as well. Applying for Business Bank Accounts and Credit Banks often require an EIN to open a business bank account. The EIN serves as a unique identifier for your business entity. Make sure to have your EIN and additional company information ready when you meet with a bank representative. EINs are also needed for your business to apply for business credit. It's important to have a separate business credit profile linked to the EIN instead of your personal identity. How to Hire Employees and Process Payroll When hiring employees, an EIN is used for payroll and employment tax processing: W-4 Form Employees fill out this form to indicate that they are withholding allowances for their federal income tax. The employer needs to include the EIN when reporting these withholdings to the IRS. I-9 Form Employers use the EIN to verify the identity and employment authorization of individuals hired for employment in the United States. W-2 Forms At the end of the year, employers use the EIN when preparing and distributing W-2 forms to employees, which report their annual wages and tax withholdings. Tax Reporting The EIN is used to report employment taxes to the IRS, including federal income tax withholdings, Social Security tax, and Medicare tax. Employers also use the EIN quarterly (Form 941) and annually (Form 940). The former reports income taxes withheld from employees' paychecks and the employer's portion of Social Security and Medicare taxes. The later is an annual form reporting federal unemployment tax (FUTA). Avoiding Identity Theft and Scams Protecting your business's Employer Identification Number (EIN) will be crucial in preventing identity theft and fraudulent activity. Here are some steps to safeguard your EIN: Secure Passwords & Limited Access Keep physical copies of EIN-related documents, such as the EIN confirmation letter from the IRS, in a safe and secure location. Store electronic copies in encrypted files or folders with restricted access. Restrict that access to only essential personnel within your organization. Avoid sharing it unnecessarily and be cautious when providing it to third parties. Dispose of any old or unnecessary documents containing the EIN or other sensitive information by shredding them to prevent dumpster-diving identity thieves. Ensure that all accounts associated with your business, especially those containing sensitive information like the EIN, are protected with strong, unique passwords. Consider implementing multi-factor authentication for an extra layer of security. Be Wary of Phishing Scams Educate your employees about phishing scams targeting businesses. Remind them to never provide sensitive information, including the EIN, in response to unsolicited emails or phone calls. Keep Software Updated & Secure Regularly update your business's operating systems, antivirus software, and other security measures to patch any vulnerabilities that could be exploited by hackers. When conducting online transactions or sharing the EIN electronically, use secure, encrypted channels. Avoid transmitting sensitive information over unsecured Wi-Fi networks or public computers. Monitor Accounts & Report Suspicious Activity Regularly monitor your business's credit reports for any suspicious activity or unauthorized inquiries. Promptly report any discrepancies to the credit reporting agencies. If you suspect that your business's EIN has been compromised or used fraudulently, report it to the IRS, credit bureaus, and law enforcement authorities immediately . Closing a Business and EIN Deactivation If you cease operations or close your business, you'll need to deactivate your EIN. It's essential to ensure compliance with all regulatory requirements to avoid any potential issues or penalties in the future, so these steps may help: 1. File Final Tax Returns First, before deactivating your EIN, ensure that all of your necessary tax returns have been filed, including final employment tax returns and income tax returns. These returns should indicate that they are final returns to signify the end of business operations. 2. Pay Outstanding Taxes Clear any outstanding tax liabilities, including income taxes, payroll taxes, and any others owed to federal, state, or local authorities. Ensures that your business's tax obligations are settled before closing the account. 3. Submit Form 966 If your business is a corporation, you must file Form 966, "Corporate Dissolution or Liquidation." This form notifies the IRS of your corporation's intent to dissolve and provides details about the dissolution process. 4. Notify the IRS Contact the IRS to inform them that the business is closing and request to close the EIN account. This can typically be done by calling the IRS Business and Specialty Tax Line at 800-829-4933. You'll need to provide information such as the reason for closing the business and your final date of operation. 5. Send a Letter In some cases, the IRS may require a written request to close the EIN account. Prepare a letter requesting the closure of the EIN account, including the business's name, EIN, address, and signature of an authorized individual. Send the letter to the appropriate IRS address based on your business's location. 6. Keep Records Retain copies of all correspondence, forms, and documentation related to the closure of the EIN account for your records. This documentation may be needed for future reference or in the event of any inquiries from tax authorities. 7. Notify State and Local Authorities Depending on your business's location and structure, you may need to notify state and local tax authorities of the closure and deactivate state or local tax accounts. We hope this article has served as a comprehensive guide for you to understand how EINs work. If you have any questions, let us know ! It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2024). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/" BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- Ad Fontes Media | Client Testimonial
Meet Vanessa Otero , the Founder and CEO of Ad Fontes Media. Otero's organization is a media watchdog: It rates sources in terms of their political bias and reliability. She founded Ad Fontes Media to serve as the publisher for the Interactive Media Bias Chart, which requires complex custom software to function. Otero hired BearPeak Technology Group to help her team take the chart to the next level. You can view Vanessa Otero's client testimonial as a video below, or read on for a written version: Client Testimonial What solution did BearPeak provide for your problem? VO: We were looking for some additional help in all aspects of development: Front-end, back-end, and transitioning some of our software over to the cloud. We would have greater cloud computing needs and better infrastructure, something truly scalable so we could grow. BearPeak was able to source the right folks, start executing and producing features, like shipping features, within a week. I mean, that’s a really fast turn-around time. What did BearPeak offer that made their services unique? VO: John, specifically, has lots of expertise in getting software programs into the cloud, developing pipelines, and the type of processes that you need to make sure that you can continue to build new features and ship them out quickly. I think one of the things that BearPeak brings to the table is the ability to structure the project and communicate it really well. So, I always had really clear expectations of what was going to happen and when, and who was going to do what. You can’t find that everywhere, you know? Lots of folks have the skills to do software development, but you can’t just throw folks into a room and expect really efficient results, or that everyone’s going to get along, unless you have somebody who really understands interpersonal dynamics and has the technical knowledge. Would you choose to work with BearPeak in the future? VO: I’m a repeat customer of BearPeak. It’s really nice to be able to have a company that you can rely on. You know, we worked with them for about a four or five-month sprint last year, and then we were done with the project that they delivered on, right? Things were going great with our company, and then we found another spot where we really needed to invest some dedicated resources to developing a particular product and putting it out there, and we brought them back. And both times were different. We had different needs of where our software was and where we wanted it to be, and they were able to deliver. I have no doubt that, in the future, as our needs grow, they will be able to come in and step in and fill that role when we need extra talent. Who would you recommend work with BearPeak? VO: I would recommend startups that have a need to expand their capabilities work with BearPeak. The ability to find exactly the kind of developer that you’re looking for, that was really helpful to me. I have some technical background, but not experience programming in, you know, any language, let alone multiple languages, and knowing the various different skill levels and the pool of talent that’s available. Recruiting for software talent is difficult, especially if you’re not sure exactly what you need. Founders are looking to get their software set up correctly on cloud platforms, and implement things like testing and CI/CD where it really enables you to put out features quickly, expand the scale of your offerings with minimal downtime and minimal errors. BearPeak has that expertise. Folks who are looking for sourcing the right talent, cloud computing, BearPeak is definitely the company I would recommend. Want to learn more about BearPeak's services? Check us out! BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- Quick Guide to Monthly Recurring Revenue (MRR)
You've heard that 'it's all a numbers game,' but how can you put that wisdom to work? Interpreting statistics can be challenging, especially when you don't know the cause or significance of your data. If you want to understand jargon-laden analyses like "a resilient growth trend of a 15% MRR increase, underpinned by a successful Reactivated MRR, offsetting the Churn MRR's impact and illustrating robust customer retention strategies," we're here to help! Today, we'll be explaining a key metric for subscription-based businesses: Monthly Recurring Revenue (MRR). New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . TABLE OF CONTENTS Monthly Recurring Revenue - Definition 1. New MRR - New Customers 2. Expansion/Upsell MRR - Upgrades! 3. Contracted MRR - Downgrades 4. Churned MRR - Cancellations 5. Reactivated MRR - Returners 6. Net New MRR - The Sum How to Use Your MRR Data Financial Health Assessment Performance Evaluation Forecasting Churn Analysis Investor Relations Team Alignment Measure What Matters Monthly Recurring Revenue - Definition noun. The predictable monthly income generated from a subscription-based product or service. To fully understand an MRR report, know the following types: 1. New MRR - New Customers Any new Monthly Recurring Revenue from new customers. e.g. This month, your company took on one new client who is paying $40/month for your service. Your New MRR for the month is $40. 2. Expansion/Upsell MRR - Upgrades! Additional revenue from current customers when they upgrade to a more expensive subscription. e.g. The next month, your client upgrades to a more expensive plan, increasing their subscription from $40 to $60/month. Your Expansion/Upsell MRR is the additional $20 in revenue. 3. Contracted MRR - Downgrades This is any revenue lost from current customers who downgrade their subscription. This will be represented with a negative number. e.g. The following month, your client no longer needs the same plan and downgrades to one of your cheaper subscription options. They choose to downgrade from their $60/month plan to $20/month. Your Contracted MRR is -$40. 4. Churned MRR - Cancellations Revenue lost from customers who cancel.* e.g. The next month, your client no longer needs your service. They cancel the $20/month subscription, meaning your Churned MRR is -$20. * Depending on your source, churned MRR may count downgrades and cancellations . If you choose to add them together, make sure to adjust your Net New MRR equation by removing Contraction MRR (see below). 5. Reactivated MRR - Returners When customers who previously churned start paying for the service again. e.g. The client who previously canceled their subscription comes back at $40/month, giving you a Reactivated MRR of $40. 6. Net New MRR - The Sum The new MRR that takes into account all of the metrics above: The month's expansion/upsell MRRs, contracted MRRs, churned MRRs, and reactivated MRRs. Here's the equation: Net New MRR = New MRR + Expansion MRR - Contraction MRR* - Churn MRR* * If you're calculating Churn MRR as the downgrades plus the cancellations, you don't need to include Contraction MRR in the equation above (as it would be redundant). How to Use Your MRR Data Financial Health Assessment MRR is a key indicator of your startup's financial health: Are you growing, stagnating, or declining? This will help you make better-informed decisions about your startup's future. You can identify growth trends, measure the effectiveness of your marketing and sales efforts, and adjust your strategy accordingly. Performance Evaluation Which subscription plan is most popular? Which one do people swap to? Swap from? The detailed MRR metrics can help you evaluate the performance of your pricing strategies. Track which channels / plans drive the most revenue, and allocate resources accordingly to optimize for maximum revenue. Forecasting Use your MRR data to make revenue forecasts. What time of year do you typically gain the most New MRR? When do people increase their subscription? When do they back off on spending and swap to a cheaper plan? Planning for the future is crucial for budgeting, resource allocation, and determining when to scale. Churn Analysis How many customers are churning? And when? How can you disrupt this pattern and retain customers longer? This is often more cost-effective than acquiring new customers, and can bring all the benefits of a loyal consumer base and their glowing reviews. Investor Relations If you're seeking external funding (such as from venture capitalists or angel investors), MRR is a key metric they'll want to look at. A strong and consistent MRR growth trend can potentially lead to better funding opportunities. Team Alignment MRR can serve as a clear and measurable goal for your team. Review the data with your team to align everyone around a common objective: increasing recurring revenue. Measure What Matters MRR metrics are essential for startup founders to assess financial health, track growth, make data-driven decisions, attract investors, and more. By regularly monitoring MRR and other relevant metrics, you can navigate the challenges of building a successful subscription-based business more effectively. For further reading, we recommend Visible's Monthly Recurring Revenue (MRR) Explained: Definitions + Formulas. Need a second pair of eyes to analyze your MRR data? Connect with BearPeak! Our experienced leaders provide guidance and leadership experience, including how to interpret and improve your MRR results. It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an exciting new AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2023). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/" BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- All About Python Programmers
Whether you're totally unfamiliar with coding or a seasoned software developer, you've heard of Python. It's a high-level, versatile language that can be used to solve a wide range of problems. We'll be taking a look at what Python programmers do and how they can help your team. “Python is an experiment in how much freedom programmers need. Too much freedom and nobody can read another's code; too little and expressiveness is endangered." - Guido van Rossum, the Creator of Python New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . TABLE OF CONTENTS What is Python All About? 1. Application Development 2. Analysis & Computing 3. Automation, AI, & Machine Learning Writing Code Debugging What Is Python All About? Python is a programming language used for a variety of tasks: Building Web Applications Data Analysis Scientific Computing Automation Machine Learning ...and much more. We'll go into these in a moment :) Software developers write code in the Python language to create programs. These programs can automate tasks, manipulate data, and interact with users or other software. Here are some of Python's most useful qualities: High-Level Language : Python's designed to be easy for humans to read and write. It has simple and consistent syntax that is easy to learn, making it a popular choice for new coders. Interpreted Language: Python does not need to be compiled before running, and is instead executed directly by an interpreter. Essentially, this makes it easier to quickly write and test code. Large Library : Python provides a set of modules and tools. These save the programmer time designing tasks such as working with files, connecting to databases, and handling network communications. Large & Active Community : Developers are constantly creating and sharing third-party libraries and tools that can be used to extend Python's capabilities even further. Software consultancies like BearPeak Technology Group have experts who can work on projects in Python. Now that we have a surface-level understanding of what Python programmers do, let's dive into the specifics of their role: 1. Application Development Instagram, Spotify, Dropbox, and Netflix's websites were all created using Python. It provides several frameworks (reusable components and libraries) that make it easy for developers to build and maintain. You may find Python programmers working on... Backend Development: Code that handles frontend requests, interacts with the databases, then returns the responses back to the frontend. Web Scraping: Data extraction from websites to use in web applications. Deployment: Publishing web applications to production environments. Programmers may also use cloud services to host their web applications. 2. Analysis & Computing Python is a popular language for Data Analysis because it provides an easy-to-use environment for visualization. This helps organizations make informed decisions by turning large amounts of data into actionable insights, then displaying or integrated them into web applications. Scientific Computing is also often performed with Python. Since this language provides powerful tools for performing complex calculations, Python programmers help organizations in areas like physics, engineering, and biology solve complex problems. 3. Automation, AI, & Machine Learning Python is also commonly used in the field of Artificial Intelligence and Machine Learning. Python programmers in this field help organizations automate and optimize tasks, making their operations more efficient. These tasks can be anything from simple scripts to complex workflows. Automation saves time and effort for organizations, allowing them to focus on other important tasks. Python programmers can help organizations streamline their operations and make their work more efficient. Writing Code To follow best practices, every developer needs to write clean, maintainable, and efficient code. But what makes good or bad code? Here's an example of clean and efficient Python code: This code defines a function sum_even_numbers that takes a list of numbers as input and returns the sum of all even numbers in the list. It uses a generator expression to filter and sum the even numbers in a single line, making it clean and efficient. In comparison, here's an example of messy & disorganized code: This code defines a function messy_code that takes three arguments and calculates the sum, product, and division of them, as well as the maximum value. This code is hard to read and understand because it lacks proper indentation, naming conventions, and has a lot of nested if-else statements, making it difficult to follow the logic. Debugging Python coders spend a lot of time writing, but also a lot revising, or debugging. Have you ever wondered what debugging really looks like? Here's a basic example: Suppose the programmer has the following Python code that's meant to take in two numbers and print their sum: The first two function calls should work correctly and print the expected output, but the third function call will cause an error because we're trying to add a string to a number. To debug this code, the programmer can use Python's built-in 'pdb' module. 'pdb' stands for "Python Debugger" and allows them to step through the code and inspect its state at each step. The programmer can use it to locate the source of the error and fix the code. Here's how they can use 'pdb' to debug the code: When the code is run, it will pause execution at the pdb.set_trace() line and launch the 'pdb' debugger. The programmer can then use the following commands to inspect the code: n or next: This executes the next line of code. s or step: This steps into a function call. c or continue: This continues execution until the next breakpoint or the end of the program. p or print: This prints the value of a variable. q or quit: This quits the debugger and ends the program. Using the 'pdb' debugger, the programmer can step through the code and see that the error occurs on the third function call, where they're trying to add a string to a number. They can then fix the code by converting the string to a number before adding it: Now the code should work correctly and print the expected output for all three function calls. That's what Python programmers do! They play a crucial role in various industries, from web development to scientific computing. With their expertise, organizations can make informed decisions, automate tasks, and solve complex problems. The versatility and power of Python make it an essential tool for organizations, and Python programmers are the people who bring it to life. Need a Python Specialist? Hire someone who can guide you! BearPeak Technology Group has experts for hire. Check us out! We're a Colorado-based team of engineers who help you hire remote software developers efficiently and reliably. We offer free consultations & are dedicated to your startup's success. It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an exciting new AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2023). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/" BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- The Startup Tightrope: Leading Through Uncertain Times
How can you hold the company together? Balance responsibilities as they change? Can you lead your startup through tough times? No matter the uncertainty, it’s important to set a great example for your team. Not only will you better their impression of you, but better guarantee your success. New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . TABLE OF CONTENTS Understanding Uncertainty Unpredictable Changes Funding Challenges Talent Acquisition and Retention Adapting to Change Pivot the Business Model Manage Costs (Re)set Remote and Flexible Work Policies Develop Scenario Plans Adopt a Lean & Agile Approach Communication is Key Monitor Metrics Provide Support The Aftermath Build Team-Wide Resilience Analyze Revenue Streams & Financial Management Research and Plan for Various Scenarios Improve Relationships Consider a Digital Transformation Plan for Leading Your Startup Long-Term Here's how to be the rock through tumultuous times: Understanding Uncertainty To know when to act, you first need the knowledge to identify a rough situation. Uncertain times could refer to any high degree of business unpredictability or ambiguity. You may find yourself facing challenges that impact operations, growth, or overall success like: Unpredictable Changes - Downturns, recessions, and market fluctuations - Changes in trends, consumer preferences, and industry competition - Inability to keep up with rapidly-evolving technology - New government regulations or policies - Natural disasters, pandemics, geopolitical conflicts, or other unexpected crises Funding Challenges Whether due to unexpected changes like those above, or due to lack of experience, connections, or successful records, it can be difficult to secure funding. Investors, banks, or other financial sources can limit a startup's ability to sustain operations and growth. Talent Acquisition and Retention Attracting and retaining skilled employees can be challenging as job markets and employee expectations change. #ShamelessPlug: BearPeak offers software services from developers with decades of experience. We're happy to get you connected with our network of professionals, regardless of other arrangements. Adapting to Change As a business owner, you already know that flexibility and adaptability are vital to startup strategy. But how can you be flexible? How can you adapt? Pivot the Business Model If market conditions, customer needs, or external forces have shifted, reconsider everything , including your business model. For example, if you initially offered a subscription-based service, consider pivoting to a premium model or exploring different revenue streams. Continuously gather feedback from customers and make iterative improvements. This might involve adding new features, changing pricing, or adapting to the evolving demands of the market. Manage Costs During uncertain times, cost control is crucial. You can optimize your operational expenses, renegotiate contracts, reduce non-essential spending, and explore cost-sharing opportunities. To reduce dependency on a single source of income, diversify your revenue streams. For instance, add consulting or training services to complement your core product. If funding becomes a challenge, actively seek new investors, apply for grants, or explore crowdfunding platforms to secure additional capital. (Re)set Remote and Flexible Work Policies Embracing remote work and flexible work arrangements can help your startup adapt, reduce overhead costs, and attract a broader talent pool. If you're already a remote team, revisit internal relations and methods for communication. Invest in employee training to improve your team, making them more adaptable to changing roles and tasks as the business evolves. Develop Scenario Plans Things may have gotten bad, but could they get worse? What will you do if that happens? Develop contingency plans to anticipate potential challenges and responses. This proactive approach can help you make informed decisions more quickly. Adopt a Lean & Agile Approach These methodologies emphasize quick iterations, testing, and learning, allowing startups to respond rapidly to change. If you're interested in adopting a lean startup methodology, connect with a Fractional CTO to explore new approaches for your business. Communication is Key What causes conflict in sitcoms, plays by Shakespeare, and, unfortunately, good teams of real people? Lack of communication. Clear and transparent communication with your employees, investors, and stakeholders guarantees trust, so work maintain it, even through turbulent times. If there are disruptions or changes to your product or service, keep everyone informed and offer solutions to address concerns. Monitor Metrics Regularly track key performance indicators (KPIs) and metrics to gauge your startup's health and progress. If you're unsure where to start, your Monthly Recurring Revenue can provide great insight. Adjust strategies based on data-driven insights instead of vague predictions or verbal recommendations alone. Provide Support Promoting a culture of resilience, provide mental health resources, and encourage work-life balance. While embracing these strategies, it's important to stay agile, remain open to new opportunities, and be prepared to adjust as the situation evolves. If you can balance the startup tightrope and make it to the other side, your team will be stronger than ever. The Aftermath Once your business has recovered from instability, avoid the temptation to lock away and forget all the troubles you faced. Instead, use this opportunity to prepare for next time: Build Team-Wide Resilience Establish a culture of adaptability, open communication, and continuous learning. If something as simple as a form takes weeks to be reviewed and months to be implemented, sudden change will feel foreign to your team's expectations. But when your team is accustomed to change and collaboration, they can respond more effectively to unexpected situations. Analyze Revenue Streams & Financial Management Maintain a clear understanding of your financials. Relying on a single revenue source makes a startup vulnerable. Explore various revenue streams and business models to reduce dependence on a single source. Regularly review your expenses, optimize cash flow, and have a financial cushion for emergencies. Research and Plan for Various Scenarios How would your startup would react to different levels of instability or uncertainty? Identify and assess potential risks, and establish mitigation strategies. This could include insurance coverage or risk management practices. Ensure that your startup is compliant with all relevant laws and regulations. Even small updates to your privacy policy and terms of service may help you avoid legal troubles. Regularly monitor industry trends, economic indicators, and emerging risks. What businesses are making headlines for the wrong reasons? How can you avoid the same issues? Conduct crisis simulations and stress tests to evaluate your startup's ability to respond. Continuously learn from your experiences and apply these lessons to improve your startup's resilience. Improve Relationships This applies to everyone who makes up your business: Customers, staff, vendors, your supply chain, even your competitors and the general public. Both a loyal customer base and a team of happy employees will help sustain your startup during tough times. Retaining skilled and adaptable staff is crucial in times of instability, so cross-train employees to handle multiple roles. If your business relies on suppliers, maintain strong relationships with them. Remember the product shortages caused by Covid-19? Diversify your sources where possible and ensure you have backups in case of disruptions. Keep your team and stakeholders informed and involved. Open and transparent communication will help manage uncertainty and build trust. Build relationships with other startups, industry associations, and local communities. Networks can provide support and resources during challenging times, and it might be the connection you least expect that helps you the most. Consider a Digital Transformation Investing in digital tools and systems may enhance your startup's agility and remote work capabilities, allowing your business to operate more flexibly. If you're unsure where to start, seek external support . Plan for Leading Your Startup Long-Term A long-term leadership vision is important even during short-term crises. While you must be adaptable, also maintain big goals for your startup. Consider where you want to be in the future and plan accordingly. Building resilience is an ongoing process. Regularly assess your strategies and make adjustments as necessary. While it's impossible to predict every challenge, a resilient startup is better equipped to stay balanced and land stronger on the other side. It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an exciting new AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2023). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/" BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- Our Terms and Conditions
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If any provision or part of a provision of these Legal Terms is determined to be unlawful, void, or unenforceable, that provision or part of the provision is deemed severable from these Legal Terms and does not affect the validity and enforceability of any remaining provisions. There is no joint venture, partnership, employment or agency relationship created between you and us as a result of these Legal Terms or use of the Services. You agree that these Legal Terms will not be construed against us by virtue of having drafted them. You hereby waive any and all defenses you may have based on the electronic form of these Legal Terms and the lack of signing by the parties hereto to execute these Legal Terms. 26. CONTACT US In order to resolve a complaint regarding the Services or to receive further information regarding use of the Services, please contact us at: BearPeak Technology Group 2033 11th St Suite 6 Boulder, CO 80302 United States Phone: (303)-900-3093 Email: info@bearpeak.io These Terms of Service were created using Termly's Terms and Conditions Generator.
- A Day in the Life of a Graphic Designer
What exactly does a graphic designer do every day? The daily schedule of an online employee can seem like a mystery; When you only see their occasional notifications and meet for video calls every couple of days, the other details of their work go unknown. Most of our team no longer works in an office, so let's take this opportunity to share what the BearPeak team members do in a day. Follow along with our Graphic Designer Lindey through her typical work day. New to BearPeak? - Watch a client testimonial . - Explore our software studio . - Learn more about us . 8:00am - Wake Up & Planning Working from home, I have the luxury of a calm morning routine. I roll out of bed and prepare a cup of hot chai. While eating breakfast, I usually scroll through Notion on my phone, adding and rearranging my to-do list of tasks for the day. My BearPeak role consists of both graphic design and social media management, so I'll be spending my day making art and social posts. 10:00am - Video Call Meetings Depending on the workday, I attend meetings to discuss our current email campaigns, advertising, and the upcoming social media posts we have scheduled for LinkedIn, Instagram, and Facebook. 11:00am - Graphic Design Work I prefer to dive right into my biggest projects right away; My ideas are fresh from the meetings, and I have a clear set of objectives from my morning to-do list. It's important to note that not all of my tasks will be completed in one day: Any artist knows that a quick sketch or minor vector adjustment often turns into something much longer. Artwork takes multiple days, returning to the project with new perspectives and ideas. One of the nicest perks about doing art for a living is the ability to listen to something as I work. From dozens of Spotify playlists to audiobooks, I often have something going in the background. I also have the strange ability to look at any art I've completed and remember what I was listening to as I created it, like a visual time capsule. I'm also a big fan of pomodoro videos, which help me power through work in 25-minute increments and remind me to take 5-minute breaks in between. BearPeak's graphic design work consists of edits, rearrangements, and new designs. We purchase artwork on Vecteezy, which I download and open in Adobe Illustrator. Then, I edit the artwork to fit our style, adjusting anchor points and handles, replacing colors and patterns, sometimes completely redrawing. However, only having to modify artwork saves hours of time that would have gone into rough sketches, movement & flow, aka lots of trial and error. 12:00pm - Lunch What's for lunch? Likely leftovers: Falafels and stir-fried vegetables are two of my favorites. Otherwise, I'll cook a pot of rice with chicken curry and naan. Whatever I eat, I aim for all my food groups and a lot of water to help me focus when I get back into my work. For the remainder of my lunch break, I stay away from computer screens because I know the juxtaposition will freshen my ideas (and help avoid eye strain). I like to watercolor, read books, and take walks outside. 1:00pm - Work I do well with challenges and time pressure, so I like to pick one project and aim to complete it within the hour. Most often, that challenge is in Buffer, our choice for social media planning software. I'll aim to finish organizing and writing a week's worth of posts before the hour's up. Since we love Boulder, Colorado so much and appreciate the hometown that has helped us grow , we like to share current local events. I take time every week to catch up on what's happening in Boulder and add the best highlights to our upcoming post calendar. 2:00pm - Exercise To keep my brain focused (and my body from morphing into the shape of my desk chair), I make sure to get in some exercise every day. I prefer yoga or a mat workout, both of which take about an hour. 3:00pm - Work The remainder of the workday is devoted to any outstanding projects. I turn on a Deep Focus playlist on Spotify and knock out a blog article or two. 6:00pm - Dinner Prep & Chores I enjoy the simple prep of measuring out the ingredients, throwing them all in an Instant Pot, setting the timer, and forgetting about dinner until it's ready. I take this time to clean up the apartment, take out the trash, finish folding and putting away the laundry, or do the dishes. Once it's ready, I like to watch TV while eating: Anything from Bob's Burgers to Grey's Anatomy, or sometimes a Studio Ghibli movie. 8:00pm - Winding Down The events of this time of day vary, but I often scroll TikTok, read, or play my newest video game obsession. This alternates between Rune Factory, The Sims, and Fallout 76. I also like writing my own novels, so late-night hours with a cup of chamomile are the perfect time to explore another passion. I make sure to be in bed before 10pm; I LOVE sleep, and I want to be freshly alert in the morning to have another excellent day of work. BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- Preparing for Rapid Business Growth
Everyone dreams of it happening, but will you be ready when it does? Preparing for rapid growth is a critical phase for CEOs that involves a lot of strategic planning. You'll want to fortify every category of your business, from staff to financial management to scalable infrastructure. Feeling overwhelmed? We've got you. Follow these steps to prepare for rapid growth: New to BearPeak? - Watch a testimonial from our client Ad Fontes Media - Explore our startup studio - Learn more about us TABLE OF CONTENTS Assess Your Current State Set Clear Goals Cultivate a Strong Team Scalable Operations Financial Management Customer Relations Risk Management Agile Innovation Reflection & Adaptation Assess Your Current State In order to chart a realistic path for your future, you need to know exactly where you stand now: Conduct a Financial Health Assessment Counting and charting can reveal key insights into your current financial health. A full assessment should include an analysis of your financial statements, key financial ratios, and a trend analysis. Start by reviewing income statements, balance sheets, and cash flow to gauge your company's profitability, liquidity, and solvency. Then calculate and analyze the following ratios: Profitability ratios (e.g. net profit margin) Liquidity ratios (e.g. current ratio) Leverage ratios (e.g. debt-to-equity) Compare this current data with your business' past performance (and others businesses, too!) What trends do you notice? Where are some potential areas of concern? Evaluate Operational Costs To do this, you'll need a cost analysis and productivity metrics. Collect data of your current cost management across different operational areas. How would you rank this cost management efficiency on a scale of 1 to 10? Where are there opportunities for cost reduction or optimization? Measuring productivity metrics such as your revenue per employee, production output per unit of input, and inventory turnover can help evaluate your current efficiency. Market Positioning Assessment To pinpoint your company's current position within the industry, evaluate the market share. This can be relative to specific competitors or your industry's general benchmarks. What areas could be improved? What are your new performance targets based on these insights? SWOT Analysis You've likely heard of a SWOT analysis before. This is the perfect opportunity to chart one. Identify your company's strengths, weaknesses, opportunities, and threats: By systematically evaluating these areas, you'll gain insight into your brand's overall health, identify areas for improvement, and develop strategies to enhance your competitiveness and sustainability. Set Clear Goals Before you begin fortifying your business' stronghold, consider what you're here to achieve. In order to keep the big picture in mind, try working backwards: What are your long-term goals for the company? What new key markets do you want to enter? What customer segments do you want to add? What product/service offerings do you want to add/expand? How do these goals look mapped out in stages on a roadmap? What are your short-term goals to reach stages 1-3 of your roadmap? What are your objectives for your first rapid growth phase? Keep your goals in mind as you continue preparing for rapid growth. Cultivate a Strong Team Choose Your Leaders If your company is headed for white-water rapids, you want to be in the boat full of experienced leaders. Now is the time to assess your need for additional leadership roles and strategically recruit experts to fill your company's skill gaps. Shameless Plug: We can get you connected with our network of BearPeak professionals. Do you need an experienced developer ? A fractional Chief Technology Officer ? Ensure that your leadership team is ready and equipped for big changes with experts by your side. Strategic Alliances Expanding upon this, what partnerships could be improved to accelerate your growth? Evaluate opportunities for collaborations within your industry or supply chain. Startup founders may be recognized for their independence, but they didn't achieve that success all on their own. Work smarter, not harder! Cultural Alignment With a strong, experienced team by your side, communicate your values and vision. Assess and reinforce your company's culture to ensure alignment with these growth objectives. Additionally, you can invest in employee training to further ensure your team is adept and agile. Scalable Operations Is Your Tech Ready? We've explored how to make your team ready for rapid growth. Now let's strengthen your technology. Evaluate your operational process: What is working well? What isn't working, and how could it be improved? Will your current workflow accommodate increased demand? How much? Could cloud solutions help? Could automation help? What scalable technologies and infrastructure would be beneficial to invest in? If you're unsure about any of the questions above, you can talk with a software expert to get a reliable second opinion. Identify New Markets Consider your current markets. What is working well about these markets? Are there any disconnects or issues with serving these markets? Conduct market research to identify new markets: Analyze industry reports, market trends, competitors, and consumers. Identify gaps in the market / unmet needs that your company could address. Consider geographical expansion. What would be the pros and cons? Financial Management Since you've reviewed your current financial standing, consider how its regulation would change with more income. Now is the time to conduct robust financial planning to support your growth initiatives. Ensure effective cash flow management Secure necessary funding sources. What will you do if you generate more money than you're anticipating? What if you generate less? What fail-safes can you construct? Customer Relations We can debate the best ways to prepare technology, look over thousands of resumes for the best team members, but successful growth ultimately comes down to your customers. Here are steps to keep them informed, happy, and feeling heard: Acquisition and Retention Rapid growth often coincides with new markets. Since your business will be introduced to lots of new people, it'll be important to make a great first impression. How does your website look? Is your team staying up-to-date with social media interactions? Once you feel that those platforms are putting your best foot forward, it's time to reach out: Develop marketing and sales initiatives to capitalize on your newfound audience. Feedback and Iteration We doubt your company's goal is to toss your product into a void and just guess that it did well. It's vital to establish mechanisms that gather your customer feedback, and functional ones at that. Use these customer insights to iterate and improve your product/service. Communication and Transparency People are the most volatile and unpredictable part of running any business. Avoid miscommunications and frustration by being transparent. Maintain open communication with everyone: that means employees, stakeholders, and customers (considering, of course, the appropriate content for each group, respectively). Clearly articulate your growth strategy and its implications. Community Involvement Despite having a job and a team, the benefits of networking never stop. Engage with your community and industry associations. Find the right people, so you'll be leveraging your networking opportunities for collaboration and growth. Risk Management Identify Pitfalls It's better to be overly prepared than not enough. For a mental exercise, try the following: Jot down a list of all the potential risks you can think of that would come from sudden rapid growth. This may include cash flow issues, a strain on human resources, infrastructure limitations, etc. Rank these risks in different tiers: Low-risk, medium risk, and worst-case scenario. There's no right/perfect answer, just categorize these risks by what worries you most or which are the biggest gaps in your current structure. For every risk, develop 2 mitigation strategies. For example, cash flow issues could be solved by 1. Implementing tighter credit policies, or 2. Exploring financing options. A strain on human resources could be solved by 1. Prioritizing training and development, or 2. Leveraging your technology to automate and streamline. Infrastructure limitations could be solved by 1. Investing in scalable solutions, or 2. outsourcing non-core functions to a software studio . Legal Compliance When your company experiences rapid growth, several aspects may need to be updated to ensure legal compliance: Employment practices (e.g. hiring, terminating, wages, benefits) Taxation and reporting (e.g. income, payroll, financial reporting) Intellectual Property (IP) Protection (e.g. usage rights, copyrights, patents) Contractual obligations (e.g. contracts with customers, suppliers, partners) Regulatory compliance (e.g. industry-specific regulations, safety standards) Data protection and privacy (e.g. privacy laws like the GDPR and CCPA) Corporate governance (e.g. disclosure, board composition) Environmental and social responsibility (e.g. sustainability, diversity and inclusion) Agile Innovation To stay competitive as you grow, encourage innovation within your organization. Invest in R&D to enhance existing products, or introduce new ones. Circumstances will be changing quickly, so it can be beneficial to focus on and foster an agile decision-making process. Empower your team to make informed and confident decisions. Reflection & Adaptation Improvement is a continuous cycle. Keep making improvements by reviewing the following: Learn from Your Rapid Growth Start by conducting a broad post-growth reflection sessions to analyze your successes and challenges. Capture these key learnings to review after future growth initiatives. Performance Metrics and Monitoring Implement regular performance reviews. What are your KPIs? What's working? What isn't? Adjust your strategy as needed. Continual Adaptation and Innovation If the market never fluctuated, trends never changed, and society stayed the same, your work would be done. But we live in a culture of continuous change, there therefore must continually adapt. Stay ahead of these changes by cultivating a culture of innovation and adaptation. Celebrating Milestones and Successes While this entire article has focused on preparing for the future, it's important to not neglect the present. Celebrate these milestones that you're reaching! Acknowledge your company's achievements during this rapid growth phase. Recognize and reward employees for their contributions so everyone is encouraged to continue the great work. It's important for us to disclose the multiple authors of this blog post: The original outline was written by chat.openai, an AI language model. The content was then edited and revised by Lindey Hoak. "OpenAI (2024). ChatGPT. Retrieved from https://openai.com/api-beta/gpt-3/" BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .
- Privacy Policy | Read Through Our Privacy Notice
Last updated March 5th, 2024 This privacy notice for BearPeak Technology Group ("Company," "we," "us," or "our"), describes how and why we might collect, store, use, and/or share ("process") your information when you use our services ("Services"), such as when you: Visit our website at http://www.bearpeak.io , or any website of ours that links to this privacy notice. Engage with us in other related ways, including any sales, marketing, or events. Questions or concerns? Reading this privacy notice will help you understand your privacy rights and choices. If you do not agree with our policies and practices, please do not use our Services. If you still have any questions or concerns, please contact us at info@bearpeak.io . Summary of this Privacy Policy's Key Points What personal information do we process? When you visit, use, or navigate our Services, we may process personal information depending on how you interact with BearPeak Technology Group and the Services, the choices you make, and the products and features you use. Do we process any sensitive personal information? We do not process sensitive personal information. Do we receive any information from third parties? We may receive information from public databases, marketing partners, social media platforms, and other outside sources. How do we process your information? We process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent. We process your information only when we have a valid legal reason to do so. In what situations and with which types of parties do we share personal information? We may share information in specific situations and with specific categories of third parties. What are your rights? Depending on where you are located geographically, the applicable privacy law may mean you have certain rights regarding your personal information. How do you exercise your rights? The easiest way to exercise your rights is by filling out our form available here: https://www.bearpeak.io/contact , or by contacting us by phone, post, or social media platform. We will consider and act upon any request in accordance with applicable data protection laws. Keep reading to learn more about what BearPeak Technology Group does with any information we collect. TABLE OF CONTENTS (Click each question for a drop-down answer) 1. What information do we collect? Personal information you disclose to us. In Short: We collect personal information that you provide to us. We collect personal information that you voluntarily provide to us when you express an interest in obtaining information about us or our products and Services, when you participate in activities on the Services, or otherwise when you contact us. Personal Information Provided by You. The personal information that we collect depends on the context of your interactions with us and the Services, the choices you make, and the products and features you use. The personal information we collect may include the following: Names Phone numbers Email addresses Mailing addresses Job titles Contact preferences Contact or authentication data Billing addresses Debit/credit card numbers Sensitive Information? We do not process sensitive information. All personal information that you provide to us must be true, complete, and accurate, and you must notify us of any changes to such personal information. In Short: Some information — such as your Internet Protocol (IP) address and/or browser and device characteristics — is collected automatically when you visit our Services. We automatically collect certain information when you visit, use, or navigate the Services. This information does not reveal your specific identity (like your name or contact information) but may include device and usage information, such as your IP address, browser and device characteristics, operating system, language preferences, referring URLs, device name, country, location, information about how and when you use our Services, and other technical information. This information is primarily needed to maintain the security and operation of our Services, and for our internal analytics and reporting purposes. The information we collect includes: Log and Usage Data. Log and usage data is service-related, diagnostic, usage, and performance information our servers automatically collect when you access or use our Services and which we record in log files. Depending on how you interact with us, this log data may include your IP address, device information, browser type, and settings and information about your activity in the Services (such as the date/time stamps associated with your usage, pages and files viewed, searches, and other actions you take such as which features you use), device event information (such as system activity, error reports (sometimes called "crash dumps"), and hardware settings). Device Data. We collect device data such as information about your computer, phone, tablet, or other device you use to access the Services. Depending on the device used, this device data may include information such as your IP address (or proxy server), device and application identification numbers, location, browser type, hardware model, Internet service provider and/or mobile carrier, operating system, and system configuration information. Location Data. We collect location data such as information about your device's location, which can be either precise or imprecise. How much information we collect depends on the type and settings of the device you use to access the Services. For example, we may use GPS and other technologies to collect geolocation data that tells us your current location (based on your IP address). You can opt out of allowing us to collect this information either by refusing access to the information or by disabling your Location setting on your device. However, if you choose to opt out, you may not be able to use certain aspects of the Services. Information collected from other sources: In short, we may collect limited data from public databases, marketing partners, and other outside sources. In order to enhance our ability to provide relevant marketing, offers, and services to you and update our records, we may obtain information about you from other sources, such as public databases, joint marketing partners, affiliate programs, data providers, and from other third parties. This information includes mailing addresses, job titles, email addresses, phone numbers, intent data (or user behavior data), Internet Protocol (IP) addresses, social media profiles, social media URLs, and custom profiles, for purposes of targeted advertising and event promotion. 2. How do we process your information? In short, we process your information to provide, improve, and administer our Services, communicate with you, for security and fraud prevention, and to comply with law. We may also process your information for other purposes with your consent. We process your personal information for a variety of reasons, depending on how you interact with our Services, including: To deliver and facilitate delivery of services to the user. We may process your information to provide you with the requested service. To respond to user inquiries/offer support to users. We may process your information to respond to your inquiries and solve any potential issues you might have with the requested service. To send administrative information to you. We may process your information to send you details about our products and services, changes to our terms and policies, and other similar information. To fulfill and manage your orders. We may process your information to fulfill and manage your orders, payments, returns, and exchanges made through the Services. To request feedback. We may process your information when necessary to request feedback and to contact you about your use of our Services. To post testimonials. We post testimonials on our Services that may contain personal information. To protect our Services. We may process your information as part of our efforts to keep our Services safe and secure, including fraud monitoring and prevention. To evaluate and improve our Services, products, marketing, and your experience. We may process your information when we believe it is necessary to identify usage trends, determine the effectiveness of our promotional campaigns, and to evaluate and improve our Services, products, marketing, and your experience. To identify usage trends. We may process information about how you use our Services to better understand how they are being used so we can improve them. 3. What legal bases do we rely on to process your personal information? In Short: We only process your personal information when we believe it is necessary and we have a valid legal reason (i.e., legal basis) to do so under applicable law, like with your consent, to comply with laws, to provide you with services to enter into or fulfill our contractual obligations, to protect your rights, or to fulfill our legitimate business interests. If you are located in Canada, this section applies to you. We may process your information if you have given us specific permission (i.e., express consent) to use your personal information for a specific purpose, or in situations where your permission can be inferred (i.e., implied consent). You can withdraw your consent at any time. In some exceptional cases, we may be legally permitted under applicable law to process your information without your consent, including, for example: If collection is clearly in the interests of an individual and consent cannot be obtained in a timely way For investigations and fraud detection and prevention For business transactions provided certain conditions are met If it is contained in a witness statement and the collection is necessary to assess, process, or settle an insurance claim For identifying injured, ill, or deceased persons and communicating with next of kin If we have reasonable grounds to believe an individual has been, is, or may be victim of financial abuse If it is reasonable to expect collection and use with consent would compromise the availability or the accuracy of the information and the collection is reasonable for purposes related to investigating a breach of an agreement or a contravention of the laws of Canada or a province If disclosure is required to comply with a subpoena, warrant, court order, or rules of the court relating to the production of records If it was produced by an individual in the course of their employment, business, or profession and the collection is consistent with the purposes for which the information was produced If the collection is solely for journalistic, artistic, or literary purposes If the information is publicly available and is specified by the regulations 4. When and with whom do we share your personal information? In Short: We may share information in specific situations described in this section and/or with the following categories of third parties. Vendors, Consultants, and Other Third-Party Service Providers. We may share your data with third-party vendors, service providers, contractors, or agents ("third parties") who perform services for us or on our behalf and require access to such information to do that work. We have contracts in place with our third parties, which are designed to help safeguard your personal information. This means that they cannot do anything with your personal information unless we have instructed them to do it. They will also not share your personal information with any organization apart from us. They also commit to protect the data they hold on our behalf and to retain it for the period we instruct. The categories of third parties we may share personal information with are as follows: Cloud Computing Services Communication & Collaboration Tools Data Analytics Services Data Storage Service Providers Finance & Accounting Tools Order Fulfillment Service Providers Payment Processors Performance Monitoring Tools Product Engineering & Design Tools Website Hosting Service Providers Social Networks Sales & Marketing Tools We also may need to share your personal information in the following situations: Business Transfers. We may share or transfer your information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company. 5. How long do we keep your information? In Short: We keep your information for as long as necessary to fulfill the purposes outlined in this privacy notice unless otherwise required by law. We will only keep your personal information for as long as it is necessary for the purposes set out in this privacy notice, unless a longer retention period is required or permitted by law (such as tax, accounting, or other legal requirements). When we have no ongoing legitimate business need to process your personal information, we will either delete or anonymize such information, or, if this is not possible (for example, because your personal information has been stored in backup archives), then we will securely store your personal information and isolate it from any further processing until deletion is possible. 6. Do we collect information from minors? In Short: We do not knowingly collect data from or market to children under 18 years of age. We do not knowingly solicit data from or market to children under 18 years of age. By using the Services, you represent that you are at least 18 or that you are the parent or guardian of such a minor and consent to such minor dependent’s use of the Services. If we learn that personal information from users less than 18 years of age has been collected, we will deactivate the account and take reasonable measures to promptly delete such data from our records. If you become aware of any data we may have collected from children under age 18, please contact us at info@bearpeak.io . 7. What are your privacy rights? In Short: In some regions, such as Canada, you have rights that allow you greater access to and control over your personal information. You may review, change, or terminate your account at any time. In some regions (like Canada), you have certain rights under applicable data protection laws. These may include the right (i) to request access and obtain a copy of your personal information, (ii) to request rectification or erasure; (iii) to restrict the processing of your personal information; and (iv) if applicable, to data portability. In certain circumstances, you may also have the right to object to the processing of your personal information. You can make such a request by contacting us by using the contact details provided in the section " HOW CAN YOU CONTACT US ABOUT THIS NOTICE? " below. We will consider and act upon any request in accordance with applicable data protection laws. If you are located in the EEA or UK and you believe we are unlawfully processing your personal information, you also have the right to complain to your local data protection supervisory authority. You can find their contact details here: https://ec.europa.eu/justice/data-protection/bodies/authorities/index_en.htm . If you are located in Switzerland, the contact details for the data protection authorities are available here: https://www.edoeb.admin.ch/edoeb/en/home.html . Withdrawing your consent: If we are relying on your consent to process your personal information, which may be express and/or implied consent depending on the applicable law, you have the right to withdraw your consent at any time. You can withdraw your consent at any time by contacting us by using the contact details provided in the section " HOW CAN YOU CONTACT US ABOUT THIS NOTICE? " below. However, please note that this will not affect the lawfulness of the processing before its withdrawal nor, when applicable law allows, will it affect the processing of your personal information conducted in reliance on lawful processing grounds other than consent. If you have questions or comments about your privacy rights, you may email us at info@bearpeak.io . 8. Controls for do-not-track features Most web browsers and some mobile operating systems and mobile applications include a Do-Not-Track ("DNT") feature or setting you can activate to signal your privacy preference not to have data about your online browsing activities monitored and collected. At this stage no uniform technology standard for recognizing and implementing DNT signals has been finalized. As such, we do not currently respond to DNT browser signals or any other mechanism that automatically communicates your choice not to be tracked online. If a standard for online tracking is adopted that we must follow in the future, we will inform you about that practice in a revised version of this privacy notice. 9. Do California residents have specific privacy rights? In Short: Yes, if you are a resident of California, you are granted specific rights regarding access to your personal information. California Civil Code Section 1798.83, also known as the "Shine The Light" law, permits our users who are California residents to request and obtain from us, once a year and free of charge, information about categories of personal information (if any) we disclosed to third parties for direct marketing purposes and the names and addresses of all third parties with which we shared personal information in the immediately preceding calendar year. If you are a California resident and would like to make such a request, please submit your request in writing to us using the contact information provided below. If you are under 18 years of age, reside in California, and have a registered account with Services, you have the right to request removal of unwanted data that you publicly post on the Services. To request removal of such data, please contact us using the contact information provided below and include the email address associated with your account and a statement that you reside in California. We will make sure the data is not publicly displayed on the Services, but please be aware that the data may not be completely or comprehensively removed from all our systems (e.g., backups, etc.). CCPA Privacy Notice The California Code of Regulations defines a "resident" as: (1) every individual who is in the State of California for other than a temporary or transitory purpose and (2) every individual who is domiciled in the State of California who is outside the State of California for a temporary or transitory purpose All other individuals are defined as "non-residents." If this definition of "resident" applies to you, we must adhere to certain rights and obligations regarding your personal information. What categories of personal information do we collect? We have collected the following categories of personal information in the past twelve (12) months: A. Identifiers Contact details, such as real name, alias, postal address, telephone or mobile contact number, unique personal identifier, online identifier, Internet Protocol address, email address, and account name YES B. Personal information categories listed in the California Customer Records statute Name, contact information, education, employment, employment history, and financial information YES C. Protected classification characteristics under California or federal law Gender and date of birth NO D. Commercial information Transaction information, purchase history, financial details, and payment information YES E. Biometric information Fingerprints and voiceprints NO F. Internet or other similar network activity Browsing history, search history, online behavior, interest data, and interactions with our and other websites, applications, systems, and advertisements NO G. Geolocation data Device location NO H. Audio, electronic, visual, thermal, olfactory, or similar information Images and audio, video or call recordings created in connection with our business activities NO I. Professional or employment-related information Business contact details in order to provide you our Services at a business level or job title, work history, and professional qualifications if you apply for a job with us YES J. Education Information Student records and directory information NO K. Inferences drawn from other personal information Inferences drawn from any of the collected personal information listed above to create a profile or summary about, for example, an individual’s preferences and characteristics NO We may also collect other personal information outside of these categories through instances where you interact with us in person, online, or by phone or mail in the context of: Receiving help through our customer support channels; Participation in customer surveys or contests; and Facilitation in the delivery of our Services and to respond to your inquiries. How do we use and share your personal information? More information about our data collection and sharing practices can be found in this privacy notice. You may contact us by email at info@bearpeak.io , by visiting https://www.bearpeak.io/contact-us , or by referring to the contact details at the bottom of this document. If you are using an authorized agent to exercise your right to opt out we may deny a request if the authorized agent does not submit proof that they have been validly authorized to act on your behalf. Will your information be shared with anyone else? We may disclose your personal information with our service providers pursuant to a written contract between us and each service provider. Each service provider is a for-profit entity that processes the information on our behalf. We may use your personal information for our own business purposes, such as for undertaking internal research for technological development and demonstration. This is not considered to be "selling" of your personal information. BearPeak Technology Group has not sold any personal information to third parties for a business or commercial purpose in the preceding twelve (12) months. BearPeak Technology Group has disclosed the following categories of personal information to third parties for a business or commercial purpose in the preceding twelve (12) months: The categories of third parties to whom we disclosed personal information for a business or commercial purpose can be found under " WHEN AND WITH WHOM DO WE SHARE YOUR PERSONAL INFORMATION? ". Your rights with respect to your personal data: Right to request deletion of the data — Request to delete You can ask for the deletion of your personal information. If you ask us to delete your personal information, we will respect your request and delete your personal information, subject to certain exceptions provided by law, such as (but not limited to) the exercise by another consumer of his or her right to free speech, our compliance requirements resulting from a legal obligation, or any processing that may be required to protect against illegal activities. Right to be informed — Request to know Depending on the circumstances, you have a right to know: whether we collect and use your personal information; the categories of personal information that we collect; the purposes for which the collected personal information is used; whether we sell your personal information to third parties; the categories of personal information that we sold or disclosed for a business purpose; the categories of third parties to whom the personal information was sold or disclosed for a business purpose; and the business or commercial purpose for collecting or selling personal information. In accordance with applicable law, we are not obligated to provide or delete consumer information that is de-identified in response to a consumer request or to re-identify individual data to verify a consumer request. Right to Non-Discrimination for the Exercise of a Consumer’s Privacy Rights We will not discriminate against you if you exercise your privacy rights. Verification process Upon receiving your request, we will need to verify your identity to determine you are the same person about whom we have the information in our system. These verification efforts require us to ask you to provide information so that we can match it with information you have previously provided us. For instance, depending on the type of request you submit, we may ask you to provide certain information so that we can match the information you provide with the information we already have on file, or we may contact you through a communication method (e.g., phone or email) that you have previously provided to us. We may also use other verification methods as the circumstances dictate. We will only use personal information provided in your request to verify your identity or authority to make the request. To the extent possible, we will avoid requesting additional information from you for the purposes of verification. However, if we cannot verify your identity from the information already maintained by us, we may request that you provide additional information for the purposes of verifying your identity and for security or fraud-prevention purposes. We will delete such additionally provided information as soon as we finish verifying you. Other privacy rights You may object to the processing of your personal information. You may request correction of your personal data if it is incorrect or no longer relevant, or ask to restrict the processing of the information. You can designate an authorized agent to make a request under the CCPA on your behalf. We may deny a request from an authorized agent that does not submit proof that they have been validly authorized to act on your behalf in accordance with the CCPA. You may request to opt out from future selling of your personal information to third parties. Upon receiving an opt-out request, we will act upon the request as soon as feasibly possible, but no later than fifteen (15) days from the date of the request submission. To exercise these rights, you can contact us by email at info@bearpeak.io , by visiting https://www.bearpeak.io/contact-us , or by referring to the contact details at the bottom of this document. If you have a complaint about how we handle your data, we would like to hear from you. 10. Do we make updates to this notice? In Short: Yes, we will update this notice as necessary to stay compliant with relevant laws. We may update this privacy notice from time to time. The updated version will be indicated by an updated "Revised" date and the updated version will be effective as soon as it is accessible. If we make material changes to this privacy notice, we may notify you either by prominently posting a notice of such changes or by directly sending you a notification. We encourage you to review this privacy notice frequently to be informed of how we are protecting your information. 11. How can you contact us about this notice? If you have questions or comments about this notice, you may email us at info@bearpeak.io or by post to: BearPeak Technology Group 2033 11th St Suite 6 Boulder, CO 80302 __________ United States 12. How can you review, update, or delete the data we collect from you? Based on the applicable laws of your country, you may have the right to request access to the personal information we collect from you, change that information, or delete it. To request to review, update, or delete your personal information, please visit: https://www.bearpeak.io/contact-us . This privacy policy was created using Termly's Privacy Policy Generator . BearPeak Technology Group is a software studio based in Boulder, CO, offering studio, strategy, and staffing services. The startup studio takes ideas from concept to reality. The strategy services range from Fractional CTO mentors to architecture and specialized skillset services. for startups, businesses, and entrepreneurs. The staffing services assist teams in connecting with high-quality software developers. If one of these sounds like the solution for you, get in touch with BearPeak for a free consultation at bearpeak.io/contact .