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Are Business Plans Still Necessary?

Both Sides of the Table

In an era of “launch and learn&# is there a need for a business plan? I have seen really great product people espouse the death of the business plan. So, definition: when I talk about a business plan I’m not talking about a 40-page Word document outlining your market approach.

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10 Reasons You Don’t Qualify for an SBA Disaster Loan

Up and Running

They want to understand your burn rate and cash runway to see how likely you are to pay back the loan, and in a crisis, a hit in sales, revenue, and overall cash flow can help prove that you were affected by COVID-19. Like all loans, the SBA EIDL option has its own requirements and specifications that make your business eligible.

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8 Things You Need To Start a Business During a Recession

Up and Running

Current businesses are finding ways to pivot their business models, revisiting their budgets, and developing new forecasts to minimize their burn rate and maximize their available cash runway. Putting it all together to start your business. But it doesn’t have to be all bad. .

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Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

” It’s been a favorite management tool of mine since my time as VP for a market research firm, and it’s a method I used for decades growing a software company from zero to well over $10 million in annual sales. Then you look at what to change in expenses to keep the business going during the downturn. What is a scenario analysis?

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Starting Startups - Startups and angels: Along the way to success

Tim Keane

  He is a partner in a pretty much exclusively software seed stage fund, Y Combinator that you can read more about.     We worked all day building market strategies for customers while we tried to embody our expertise on software that would expand the company's reach.  Starting Startups.   Amen.

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The Cost Equation for a Startup is Better Than Ever

Startup Professionals Musings

I come from a high-tech software background, and only a few years ago, it would cost at least a million dollars ($1M) for a team of professionals to produce any commercial software product. Now, with open source software components, and low-cost development tools, the same job can be done by one good hacker for a few thousand dollars.

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Startup Grind Turns the Tables on Mark Suster

Both Sides of the Table

Before you think I was a complete nerd, in addition to making money selling software, which I did at 15, 16 years old, I also made money throwing keg parties. So Small Talk was a big object-oriented programming language, and a bunch of people from our company went to work at Small Talk, and they all went into the software industry.

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