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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. I encourage entrepreneurs to correct course with a re-forecast early and often. Entrepreneur Jeff Magnusson provides a sample agile budgeting workbook. Regardless of whether you take a traditional or agile budgeting approach, Robert A.

Agile 60
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Is the Lean Startup Dead?

Steve Blank

Tech IPO prices exploded and subsequent trading prices rose to dizzying heights as the stock prices became disconnected from the traditional metrics of revenue and profits. Startups wrote business plans, generated expansive 5-year forecasts and executed (hired, spent and built) to the plan.

Lean 335
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Ecommerce Trendwatching: How To Find, Follow, and Set Trends

ReadWriteStart

2 Brainstorming, Forecasting, and Modeling Brainstorming within an expert team can be as effective as monitoring market trends. Develop ideas based on futurological forecasting (potential scenarios based on current trends), extrapolation (analysis with historical data), modeling, analogy, reverse prediction, or simply roadmaps.

eCommerce 185
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Advice On How To Make Your First Analytics Hire

View from Seed

Analytics is about designing, reporting, and leveraging operating metrics to aid strategic and functional decision-making. These are operating metrics because they are not part of GAAP financial statements, even though they are critical for everyone from the CEO to marketers and PMs to make data-informed decision on a daily basis.

Analytics 149
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Measuring Market Penetration with Brand Tracking (+ Metrics & Examples)

ConversionXL

In this article, we’ll share key brand tracking metrics and methods for how to measure and optimize your success. Key brand tracking metrics. Supplement brand loyalty metrics with qualitative measures such as brand associations and perceived quality, as these can give you insight into why customers intend to repurchase.

Metrics 157
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A Roadmap to Success: Integrating ERP Systems for Enhanced Business Efficiency

Women Entrepreneurs Can

In finance, for example, ERPs deliver real-time insights into costs and performance, fine-tuning budgeting and forecasting. These adoptions often lead to a company-wide metamorphosis, ushering businesses into a new era of efficiency, agility, and data-driven decision-making.

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What is your startup missing? Tackling the most common success roadblock

The Next Web

The problem is that scientific management puts a heavy focus on forecasting, which is great as long as you have the stability to make accurate forecasts. It’s time to use a different set of metrics and accounting systems to measure progress in new or unstable industries. This all sounds good right?

Forecast 136