YoungUpstarts
APRIL 16, 2020
Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? If you answered “no” to #2, you need to scramble to get cash in time for #3. Startups in rapid growth mode are not cash-efficient, but simple business changes can add weeks or months of runway. Do it again.
Up and Running
JULY 22, 2014
Without a thorough understanding of how much cash you have, where it’s coming from, where it’s going, and on what schedule, you’re going to have a hard time running a healthy business. Describe who your ideal candidate(s) is/are, and justify your budgeted salary range(s).
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www.joelonsoftware.com
MARCH 24, 2010
When we decide to hire someone, the interviewers who were involved in the "hire" decision will sit down with the candidates resume and salary history and figure out what level they will start at. Some companies actually consider it a firing offense to reveal your salary! Its neat and egalitarian. Educational adjustments.
Up and Running
APRIL 6, 2020
You need cash in the bank to operate, to pay employees, and to keep the doors open. If you’re out of cash, you’re out of business. In times of crisis and uncertainty, understanding your cash position is even more important. To figure this out, start with how much cash you are spending each month.
YoungUpstarts
SEPTEMBER 27, 2019
Analyze various positions at your company and lay off those employees that are not providing adequate benefit to merit their salary. If you are in a secure cash position and have weathered the initial downturn, it’s time to make bold moves and seize opportunities. However, it is a reality that you will have to face.
Up and Running
NOVEMBER 12, 2018
Include “employee burden” costs as well—the cost of an employee beyond their salary. Cash flow statement : The cash flow statement helps you recognize what your startup’s cash position is—profit isn’t the be-all-end-all metric for the money you have. Here’s a cash flow template you can use in Excel.
Start Up Blog
FEBRUARY 9, 2015
Much like a salary is a ‘real’ return on our labour. And while trading large capital assets may generate actual cash returns, that return is singular and only available at the point of transaction. Passive income is about earnings and probability of those earnings to be maintained over time.
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