a-profit-first-myth-spreadsheets 
Mike Michalowicz
APRIL 11, 2021
There are a lot of myths around Profit First. Some folks like to say you don’t need the five foundational accounts, that no bank will open such accounts, that no accountant will get on board, that you can manage your business using traditional accounting, or that spreadsheets are all you need. Profit First is a habit. “If
Mike Michalowicz
MAY 12, 2021
We’re doing a series to debunk some of the Profit First myths. Myths are not systems. You can’t have one foot in when implementing Profit First. We’ve talked about how some folks think you can simply set it and forget it, using a spreadsheet to manage your accounts, and how that is not a sustainable system.
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YoungUpstarts
OCTOBER 17, 2016
Those are qualities found in humans, not on spreadsheets. Many profitable accounts are very bad clients. The dilemma is not whether your company should pursue these profitable bad boys. One of the great myths in business is that you can turn a bad client into a good client. The reason we believe this myth is twofold.
Up and Running
MAY 28, 2015
” and our first instinct as entrepreneurs and business owners is yes, let’s do drive-through. He is the known guru in business planning, particularly for small businesses, startups and entrepreneurs, although he’s worked with Fortune 100 and Fortune 500 companies as well. Read the transcript: Tim: Thank you Sabrina.
Up and Running
JUNE 12, 2015
Tune in weekly for a fun and informative discussion that will help you grow your business. Every week, we bring in business experts to discuss the latest trends in marketing, sales, and entrepreneurship. This week, we discuss the Bplans article, 12 Signs You Need to Hire a Manager. QUESTION: Do you have a story about adding a manager to your team?
Startup Lessons Learned
JANUARY 27, 2009
Andrew Chen recently did a great article on the economic model underlying freemium (it includes a detailed spreadsheet, too!). Things get a lot worse when we dont have a coherent model of why were using freemium in the first place. These are companies that generate revenue by offering a free product with an upsell or premium version.
www.vccafe.com
MARCH 11, 2013
Once you have a first version of your app running, you can use the tools on this site to get it into the hands of users and to get paid.” Every startup faces multiple choices and decisions when it comes to technology. For modifications, please edit the original document here. Media Temple. Amazon Web Services. Codeacademy. Steve Blank.
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