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Praying to the God of Valuation

Both Sides of the Table

Sure, we built SaaS products before the term even existed but at 31 it was hard to delineate reality from what all of the monied people around us were telling us what we were worth. In those years I learned to properly build product, price products, sell products and serve customers. Until we weren’t.

Valuation 466
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Wow! Are your relationships important!

Berkonomics

This is the time to elevate those insights to the level of highest value for the corporation, one that cannot be listed on a balance sheet nor included in an appraisal of corporate worth. 15% typically is spent on direct management issues such as supervision of next level subordinates.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

We’re going to start aggressively spend money on marketing our product. We want a strong balance sheet (um, ok. but that’s our firm’s money on your balance sheet. if you have a good use for it and we’re excited about your company – fine. Think DropBox, Airbnb, Uber, Maker Studios.

Burn Rate 383
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How Plan Vs Actual Comparison Helps You Manage Your Business

Up and Running

Planning is not just about the plan — it’s about the management. And plan vs. actual analysis, also called variance analysis, is essential to better business management. And planning means tracking the actual results , comparing them to the original plan, and managing the difference. What is plan vs actual?

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How To Start a Dry Carpet Cleaning Service

The Startup Magazine

This blog aims to guide you through the process, from the initial steps of conducting market research to operational management, hiring staff, and more. A locale convenient for clientele appointments and spacious enough for storing cleaning equipment, products, and possibly customer’s carpets would be ideal.

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[Review] Warren Buffett’s Management Secrets

YoungUpstarts

What few people know is that Buffett is not just a savvy investor but a great manager and business leader. Here, we’re told that the best companies to invest in and to work for are those with strong financials and balance sheets (as opposed to the touchy feely stuff like values, vision and so on).

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How To Effectively Manage Business Costs

YoungUpstarts

There is an old management adage which says that “you cannot manage what you cannot measure” This saying may be true in all parts of a company, but is especially pertinent in finance. We’ve read so much about companies and businesses going under due to poor financial management.

Cost 154