Remove Balance Sheet Remove Lean Remove Management Remove Sales
article thumbnail

Why GE’s Jeff Immelt Lost His Job – Disruption and Activist Investors

Steve Blank

In his Harvard Business Review article summing up his tenure, Immelt recalls that the two things that influenced him most were Marc Andreessen’s 2011 Wall Street Journal article “ Why Software Is Eating the World, ” and Eric Ries’s book The Lean Startup. Are lean innovation and the Startup Way a failure in large companies?

article thumbnail

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

We want a strong balance sheet (um, ok. but that’s our firm’s money on your balance sheet. Gross margin (GM) is the amount of profit you make per sale of your product or service taking into account your total costs of selling that product or service. otherwise I prefer to invest less and risk less).

Burn Rate 383
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Up and Running

” It’s been a favorite management tool of mine since my time as VP for a market research firm, and it’s a method I used for decades growing a software company from zero to well over $10 million in annual sales. Impact on sales: If sales go down 30%? You have to have good numbers to optimize your management.

Forecast 120
article thumbnail

Lean Planning Drives Growth For Small Business

Up and Running

After 5 years of being CEO of Palo Alto Software , and over 15 years in the start-up and entrepreneurial world I am convinced that the only way to grow your company as quickly as possible, while not getting ulcers, becoming an insomniac, and aging more than your years, is to engage in Lean Planning. what is Lean Planning?

Lean 83
article thumbnail

30 Entrepreneurs Explain Their Major Accomplishments In 2021

Hearpreneur

We have also managed our company budgets successfully and avoided unnecessary spending. I'm proud that we've managed to bring in more clients and keep our existing clients happy. I'm proud of the fact that we've managed to bring down costs and managed to solve many of the problems we initially had. Photo Credit: Justin A.

article thumbnail

How To Build A Great Business Plan – Checklist 2020

YoungUpstarts

Also, the Execution chapter will cover your marketing and sales plan, marketing operations, milestones and metrics. . Execution chapter includes: Marketing and Sales plan. Company and management summary. Start with a segment that is most valuable for your business financial stability that includes: Sales forecast.

article thumbnail

How to Write a Business Plan: Use This Checklist to Keep Yourself on Task

Up and Running

The business plan, in its many different formats, can be used for a variety of purposes, including validating an idea, getting funded, and managing a business successfully. If you’re creating a plan to manage your business once you’re up and running, a Lean Plan will suit you best. Build a sales forecast.