Remove Burn Rate Remove Channel Remove Employee Remove Forecast
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Is the Lean Startup Dead?

Steve Blank

With fewer than 10 employees but almost $2-billion dollars in the bank, they plan on jumping right in. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money.

Lean 335
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Business Plan Financial Forecasts Test Your Savvy

Startup Professionals Musings

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Next comes sales volume by channel. This forecast is really their commitment. Plan to re-forecast every quarter. Margin is everything.

Forecast 238
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Making Financial Projections is Not Rocket Science

Startup Professionals Musings

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Next comes sales volume by channel. This forecast is really their commitment. Plan to re-forecast every quarter. Margin is everything.

Forecast 238
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Four Easy Steps to Credible Startup Financials

Startup Professionals Musings

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Next comes sales volume by channel. This forecast is really their commitment. Plan to re-forecast every quarter. Margin is everything.

Forecast 230
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How to Optimize Startup Financial Projections

Startup Professionals Musings

In reality, you need to set these projections as goals for your own use, to convince employees as well as investors that you have a business which is challenging, but achievable. Next comes sales volume by channel. This forecast is really their commitment. That should be true even if your customer is really a distributor.

Forecast 151