Up and Running

JULY 27, 2020

If you’ve built a budget and forecast for your business, you’re already one big step ahead of most businesses. But, you can’t just rest on your laurels – you need to put that budget and forecast to work for your business. Businesses operate on cash. Develop your cash flow forecast. How to manage cash flow.

Forecast 83

Forecast Management Cash Position Software Review 83

Up and Running

APRIL 6, 2020

You need cash in the bank to operate, to pay employees, and to keep the doors open. This can be a daunting task, but the best place to start is understanding and calculating your cash burn rate and your cash runway. How do you calculate the burn rate? This total number is your Gross Burn Rate.

Burn Rate 100

Burn Rate Forecast SBA Cash Position 100

Steve Blank

SEPTEMBER 5, 2018

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

Lean Burn Rate Startup IPO 335

Steve Blank

MARCH 17, 2020

Here are a few thoughts about operating in uncertainty in a pandemic. Large companies are sending employees to work at home. If you’re running a startup or small business, your first priority (after your family) is keeping your employees and customers safe. Burn Rate and Runway. And what’s in my lifeboat?”.

Burn Rate 436

Burn Rate Startup Valuation Sales Cycle 436

David Teten

NOVEMBER 26, 2019

I encourage entrepreneurs to correct course with a re-forecast early and often. Sean Colrock, Director of Client Partnerships at Wiss & Company , suggests at a minimum you track: cash on hand; fume date; and burn rate. The organization replaced the budget with a quarterly forecasting and planning process.…

Agile 60

Agile Management Forecast Silicon Valley 60

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. . If you don’t currently have a forecast, that’s OK. We have plenty of free forecasting and business planning documents available to get you started.

Management 152

Management Forecast SBA Burn Rate 152

Up and Running

OCTOBER 7, 2019

KPIs can (and should) be used as a communication tool to align everyone in the organization so employees are empowered to take initiatives in achieving business goals. 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.

Founder 71

Founder Retention Metrics Technical Review 71