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The Virus Survival Strategy For Your Startup

Steve Blank

With the Covid-19 virus a worldwide pandemic, if you’re leading any startup or small business, you have to be asking yourself, “What’s Plan B? While the impact on small businesses and workers in the “gig-economy” hasn’t made the news, it will be worse for them. But next the question is, ‘What happens to my business?”.

Burn Rate 436
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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

Having street smarts with no inspirational ability to build teams can yield a great small business but will be difficult to scale into a large VC-backed business. And we all know the fables about how people used to start businesses by taking a second mortgage on their home or by running up credit card debt. It was May.

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When Is the Right Time to Pay Yourself a Salary?

Up and Running

You might have held off paying yourself while launching your startup, but is it time to give yourself a salary? You may be the last on your list of creditors when you’re just starting a business, but at some stage, you’ve got to start earning yourself. You’ve been better than “break even” for one year.

Salary 119
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Three Counterintuitive Ways To Build A Business That Lasts

YoungUpstarts

Although it’s key for every business to forge its own path, there are certain non-obvious hacks any entrepreneur or small business can take on board to swing the odds in their favor. There are also unforeseen disasters, such as the 2008 financial crisis, that businesses need to be agile enough to overcome.

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How to Start a Business: A Step-by-Step Complete Guide (2019)

crowdSPRING Blog

Any information that helps support your business idea goes here, including market studies, legal agreements, photos of your products, and more. For more information about how to create a business plan, the Small Business Administration has you covered. Click here to see their complete guide to writing a business plan.

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How to Manage Cash Flow in a Crisis

Up and Running

And we business owners need to make sure that our businesses not only survive this crisis but find ways to thrive. For small businesses, cash flow management in a crisis is absolutely vital. It can mean the difference between stabilizing your business or falling behind. Cut all salaries by 20%.

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Financial Planning For A Recession

YoungUpstarts

As we learned in 2008, recessions can come on swiftly and cause major crises for all businesses, big and small. In today’s economy, it is essential to practice intentional recession planning as a small business. Many small businesses have one client who, if lost, would cause the company to crumble.