Up and Running

MARCH 26, 2020

Here are five suggestions to immediately improve your cash flow: Monitor your accounts receivable carefully: Accounts Receivable is the list of customers that owe you money. In a downturn, some of your customers will delay paying you and some will default. Credit card customers may dispute charges. Cut all salaries by 20%.

Management 152

Management Forecast SBA Burn Rate 152

Startup Professionals Musings

MARCH 15, 2015

Too often they are also hesitant, inexperienced, and fearful of hiring people or a mentor to be the partner they need. Your business is not all about what is best for you, but what is best for your customers. They let the burn rate go up too fast, and the business burns down before it really starts.

Burn Rate 120

Burn Rate Startup Differentiation Salary 120

Startup Professionals Musings

SEPTEMBER 5, 2011

My advice to founders out there is to not volunteer too much, but be open and honest in the face of direct questions like the following: What is your burn rate and runway today? As an employee, you salary will likely be low, your job security low, so the job title better be large, and the stock options better be large.

Due Diligence 237

Due Diligence Sweat Equity Intellectual Property Entrepreneur 237

Gust

DECEMBER 8, 2013

My advice to founders out there is to not volunteer too much, but be open and honest in the face of direct questions like the following: What is your burn rate and runway today? As an employee, you salary will likely be low, your job security low, so the job title better be large, and the stock options better be large.

Due Diligence 174

Due Diligence Sweat Equity Intellectual Property Burn Rate 174

Startup Professionals Musings

AUGUST 20, 2010

My advice to founders out there is to not volunteer too much, but be open and honest in the face of direct questions like the following: What is your burn rate and runway today? As an employee, you salary will likely be low, your job security low, so the job title better be large, and the stock options better be large.

Due Diligence 229

Due Diligence Sweat Equity Intellectual Property Startup 229

Startup Lessons Learned

MAY 15, 2020

It's never selfish to hire. It's never selfish to try to do the right thing for your employees, your customers, and your stakeholders." They're going to look to see how you treated your customers. 22:13) The way companies treat employees and customers and impact their communities now will them for decades to come.

Dallas 68

Dallas Employee Government Social Media 68

Hearpreneur

JULY 7, 2019

I see companies transitioning to hiring more freelancers and remote workers. It is a big win for corporations because they avoid payroll, social security, and unemployment taxes. Entrepreneurs have the ability to redefine the conversation while creating a customer-centric way of moving the world and our lives forward.

Entrepreneur 93

Entrepreneur Distribution Employee Arizona 93

ReadWriteStart

APRIL 30, 2020

Many fail because they fail to keep their burn rate in check and then run out of investors who are willing to fund their operations. They treat their startup’s burn rate like it’s etched in stone. Another area where startups tend to go overboard is in finding and securing their office spaces.

Burn Rate 107

Burn Rate Management Startup Early Stage 107

www.paulgraham.com

APRIL 28, 2010

A lawyer I asked about it said: When the company goes public, the SEC will carefully study all prior issuances of stock by the company and demand that it take immediate action to cure any past violations of securities laws. Custom work doesnt scale. Those remedial actions can delay, stall or even kill the IPO.

Technical Review 76

Technical Review Startup Software Review Angel Investor 76

Reid Hoffman

NOVEMBER 14, 2018

Careful planning, cautious investment, and courteous service may end up being tossed aside in favor of rapid guesstimates, inefficient capital expenditures, and ignoring angry customers. You can’t set a culture at 10 employees, and expect it to be unaffected by the next 100 employees you hire. Customer Support.

Engineer 28

Engineer Burn Rate Hiring Dilution 28