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

Up and Running

Simply put it’s a better method of accurately looking forward and business owners know better than mathematicians. Before I started my own business I was a market researcher, doing forecasts. Confusing file names and overwriting are the most common errors in doing spreadsheet scenarios. Back up your main workbook file.

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Post-Crisis Digital Trends That Will Reshape Your Business in 2020

Up and Running

Cutting costs , revisiting forecasts , and stabilizing your business. You’re not forgetting it or avoiding the practices that have saved your business so far. For entrepreneurs looking to start a business or for established businesses looking to pivot their business model , you can use AI to build as-a-service operations.

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How to Write a Business Plan for a Cannabis Company

Up and Running

Write your business plan and develop your business model with this in mind so you can avoid these issues. . You can choose from a few different types of business plans depending on your needs. If you’re seeking investment, you need a traditional business plan. Remember that a business plan is a living document.

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Is the Lean Startup Dead?

Steve Blank

Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan. These bubble startups were actually guessing at their business model and did premature and aggressive hype and early company launches and had extremely high burn rates – all predicated on an IPO to raise more cash.

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From Idea To Execution: Building An Efficient Workflow For Your New Venture

The Startup Magazine

Designing Your Business Model Crafting a business model is like building a blueprint for your venture. Revenue streams are another critical component of your business model. Will you opt for direct sales, subscriptions, or a freemium model? However, do so with caution and strategic planning.

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Why the Future of Tesla May Depend on Knowing What Happened to Billy Durant

Steve Blank

Sloan put in place GM’s management accounting system (also borrowed from DuPont) that for the first time allowed the company to: 1) produce an annual operating forecast that compared each division’s forecast (revenue, costs, capital requirements and return on investment) with the company’s financial goals. What happened to him?

Michigan 285
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The Phantom Sales Forecast – Failing at Customer Validation

Steve Blank

Before lunch even came the CEO ticked off the names of forty or so customers he talked to during the company’s first nine months and gave me a great dissertation on the day-in-the-life of his target customers and what their problems were. He said, “I insist on getting weekly status reports with forecasted deal size and probability of close.

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