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Use agile budgeting to manage your cash

David Teten

Instead of budget approvals, monitor key metrics and give managers more flexibility. So here’s the solution I have recommended to some of my portfolio companies: “ agile budgeting ”, i.e., monitoring a few key variables while giving managers significant flexibility. This agile approach is not restricted to small startups.

Agile 60
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How To Dislodge And Move Forward When Decision Makers Are At A Stalemate 

YoungUpstarts

by Amanda Setili, author of “ Fearless Growth: The New Rules to Stay Competitive, Foster Innovation, and Dominate Your Markets “ Polarization is a common problem for companies trying to make smart and agile strategic decisions. These people were not only business partners, they were friends. So, what happens next?

Agile 113
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8 Tips To Get the Most Out of Your Investors and Board

Both Sides of the Table

Understanding where your VC partner sits in their respective fund and where their fund is in the cycle of its investment lifecycle will help you understand your VCs behavior. That role as sparring partner can be useful if for nothing else than to test your resolve. What Rob wrote in his post is right.

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ESADE Business School Commencement Speech

Steve Blank

Metrics like Return on Net Assets, Return on Capital and Internal Rate of Return are the guiding stars of the board and CEO. As Harvard professor Clayton Christensen noted, these efficiency metrics provided wise guidance for times when capital was scarce and raising money was hard. Act Like a Startup.

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Advice On How To Make Your First Analytics Hire

View from Seed

Analytics vs. Finance?—?what’s Analytics is about designing, reporting, and leveraging operating metrics to aid strategic and functional decision-making. Finance is about reporting on historical performance and future planning through the lens of financial metrics. what’s the difference (and what do you need)?

Analytics 149
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Lean Innovation Management – Making Corporate Innovation Work

Steve Blank

Companies pursuing innovation can Buy, Build, Partner or use Open Innovation. To move innovation faster, we now have 21 st century tools — Business Model Canvas , Customer Development , Agile Engineering – all adding up to a Lean Startup. Fast forward to today. are assigned to work inside Horizon 3 organizations.

Lean 120
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What’s A Startup? First Principles.

Steve Blank

Or depending on your metrics for success, get users, grow traffic, etc.). And it shows your company’s cost structures, how each department interacts with the others and where your company fits with other companies or partners to implement your business. Who are our partners? How do we finance the company, etc.

Agile 335