Startup Professionals Musings

JANUARY 4, 2015

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. External investors will demand a financial forecast, but it’s equally valuable to you, even if bootstrapping. Quantify overhead costs.

Forecast 120

Forecast Entrepreneur Burn Rate Widget 120

Up and Running

MARCH 26, 2020

To gain control, you need to focus on operational activities that put cash in your hands. But step one, today, is focusing on stabilizing and maintaining your operating cash flow. . The companies with a good planning process turned to their plans and quickly adjusted costs, expenses, marketing, and so forth to deal with the change.

Management 152

Management Forecast SBA Burn Rate 152

Startup Professionals Musings

DECEMBER 11, 2017

From my perspective, projecting financial returns is part of the homework every business person needs to do in sizing customer opportunity, product costs, pricing, competition and customer value, before expending their own resources in a highly risky venture. Per-unit cost less your cost per unit sold is your gross profit margin.

Burn Rate 144

Burn Rate Forecast Angel Investor Revenue 144

Up and Running

OCTOBER 7, 2019

A data-driven approach can help you make accurate and timely business decisions to meet market demands and improve cost-efficiency. This metric helps determine how much cash you need for operation and expansion. Activation rate: measures how many visitors are engaging with your website or app. “What gets measured gets done.” .

Founder 71

Founder Retention Metrics Technical Review 71

Up and Running

SEPTEMBER 17, 2014

It is crucial for entrepreneurs to understand their costs of goods and services. This is the rate at which a company uses up its capital to finance overhead before generating positive cash flow from operations. Gross Margin. Keeping track of gross margin assures you know the value of each additional sale.

Metrics 146

Metrics Burn Rate Entrepreneur Forecast 146

Startup Professionals Musings

JULY 15, 2013

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Business Plan Burn Rate .Net 238

Startup Professionals Musings

JUNE 9, 2012

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 238

Forecast Burn Rate .Net Business Model 238

Startup Professionals Musings

MARCH 22, 2011

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 230

Forecast Burn Rate Startup .Net 230

Startup Professionals Musings

MARCH 25, 2010

Projecting the financials should be the last step of your business plan preparation, since it assumes you already know the opportunity size, customer buying habits, pricing, costs, and competition. Unless your volumes are in the millions or higher, the difference between manufacturing cost and customer price better be 50% or greater.

Forecast 151

Forecast Startup Burn Rate .Net 151

Up and Running

APRIL 2, 2020

Specifically, if you have an ongoing sales forecast , and expense budgets linked to that forecast, then you have instant visibility for making quick adjustments to sudden change. . Having good projections connects the dots between sales, costs, and expenses to provide you with a holistic picture of your financials.

Forecast 157

Forecast Salary Business Plan Balance Sheet 157

Up and Running

MAY 22, 2018

An MVP or a minimum viable product is a scaled-down, cheaper (cost-wise) version of your full product. Demonstrating to investors that you have a handle on key business metrics as they relate to your business model and forecast is essential. Total cost that is involved in gaining a paying customer. Nerdy term: Burn rate.

Exit Strategy 90

Exit Strategy Angel Investor Search Elevator Pitch 90

Up and Running

MAY 28, 2015

The break-even analysis lets you determine what you need to sell, monthly or annually, to cover your costs of doing business—your break-even point. The break-even analysis table calculates a break-even point based on fixed costs, variable costs per unit of sales, and revenue per unit of sales. See Also Break-Even Calculator.

Forecast 60

Forecast Burn Rate Revenue Cost 60