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A heartbreaking story about time and money.

Berkonomics

But first… There is a relationship between time and money that is more complex than most managers think. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. The art of good management.

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Wasted time is money lost.

Berkonomics

There is a relationship between time and money that is more complex than most managers think. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. But we investors often allow too little slack in our estimates as well.

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Startup Funding – A Comprehensive Guide for Entrepreneurs

ReadWriteStart

In very few specific cases, depending on the nature of the business, the business model might demand a considerable gestation period or extensive research and development. Any custom manufactured IoT device would require software development as well as hardware customization. Equity investors. Debt investors.

Startup 150
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Wasted time is money lost. (And another story of lost opportunity.)

Berkonomics

There is a relationship between time and money that is more complex than most managers think. What most managers miss is that every month cut from the time it takes to perform such tasks cuts the cost by the value of a month’s worth of fixed overhead or burn. Email readers continue here.]