Startup Professionals Musings
OCTOBER 16, 2023
External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. As a rule of thumb, most viable businesses need a gross margin above 50 percent, even on wholesale prices, to cover operational expenses and survive as a business. Forecast sales-volume expectations.
Startup Professionals Musings
FEBRUARY 5, 2021
External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. As a rule of thumb, most viable businesses need a gross margin above 50 percent, even on wholesale prices, to cover operational expenses and survive as a business. Forecast sales-volume expectations.
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Tim Keane
DECEMBER 14, 2009
But because seed firms operate in an earlier phase, they need to offer different kinds of advice. A low burn rate is a pearl of great price. It provides lots of options that high burn rates take away. A low burn rate is a pearl of great price.
Professor VC
JULY 22, 2009
The burn rates of my portfolio companies is certainly top of mind right now, but thats not what this post is about. Well, our VP Operations at Fliqz, Daniel Marcus , dabbles in creating writing and music when not managing our data center. Bootstrapping 101. Wednesday, July 22, 2009. Steve Bennet. at 11:07 AM.
Startup Professionals Musings
JUNE 18, 2012
Founders now routinely use their home to operate their startup until they are well into the revenue phase. That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more.
Startup Professionals Musings
FEBRUARY 15, 2011
Founders now routinely use their home to operate their startup until they are well into the revenue phase. That’s a burn rate of at least $10K per month that can be eliminated if you are handy with computers and Quickbooks. I now see and believe business plans that budget $1K for all this, versus a previous $20K or more.
Startup Professionals Musings
JANUARY 4, 2015
External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. As a rule of thumb, most viable businesses need a gross margin above 50 percent, even on wholesale prices, to cover operational expenses and survive as a business. Forecast sales-volume expectations.
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