Startup Professionals Musings

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7 Scenarios Where A Business Plan Is Still An Asset

Startup Professionals Musings

Tiny bootstrapped teams usually don’t have a business plan, and probably don’t need one. They can iterate and evolve their business idea with a low burn rate and minimal dependencies. A formal plan will only add value after they finalize a model, build a team, and are ready to scale.

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10 Incentives For Entrepreneurs To Bootstrap Their Startup

Startup Professionals Musings

Based on the Startup Environment Index from the Kauffman Foundation and LegalZoom a while back, personal money, or bootstrapping, continues to be the primary startup funding source. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

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4 Key Components Of Every New Business Financial Plan

Startup Professionals Musings

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Project your cash burn rate to keep at least 18 months between venture capital or angel investments. Thus, financial projections for up to five years are a necessary element in every business plan.

Forecast 290
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A Perspective On When A Business Plan Adds Value

Startup Professionals Musings

Tiny bootstrapped teams usually don’t have a business plan, and probably don’t need one. They can iterate and evolve their business idea with a low burn rate and minimal dependencies. A formal plan will only add value after they finalize a model, build a team, and are ready to scale.

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4 Simple Steps Will Get Startup Financial Projections

Startup Professionals Musings

External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Project your cash burn rate to keep at least 18 months between venture capital or angel investments. Thus, financial projections for up to five years are a necessary element in every business plan.

Forecast 369
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The Cost Equation for a Startup is Better Than Ever

Startup Professionals Musings

That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. See my interview a couple of years ago with parallel entrepreneur Rich Christiansen , who has started 28 businesses with a target bootstrap investment of $5K each. Technology costs.

Cost 255
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10 Reasons for a Startup to Skip Outside Investors

Startup Professionals Musings

Based on the latest Startup Environment Index from the Kauffman Foundation and LegalZoom, personal money, or bootstrapping, continued to be the primary startup funding in 2012. Focusing on the burn rate and prioritizing every possible expense will keep overhead down, help you stay lean, and achieve a higher profit earlier.

Startup 264