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Financial Planning For A Recession

YoungUpstarts

One relatively pain-free step you can take early on is to review your vendors and make sure you’re not missing cost-cutting opportunities. You may have had the same vendors for a long time and not thought to negotiate lower prices or look around and see whether lower costs for similar products are being offered elsewhere.

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Should you include your sweat equity in a business plan?

Berkonomics

It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. If you had to replace yourself with a professional hired to duplicate your skills, what would you have to pay in salary and incentive today? What are you worth to the business?

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Include your labor value in your plan.

Berkonomics

It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. If you had to replace yourself with a professional hired to duplicate your skills, what would you have to pay in salary and incentive today? And that is the quandary for investors.

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