Remove Bankruptcy Remove Cost Remove Forecast Remove Naming
article thumbnail

Thinking of Filing for Bankruptcy Due to COVID-19? Here’s What to Consider

Women Entrepreneurs Can

Bankruptcy hit companies that seemed infallible. Plenty struggled to cope during the pandemic, and plenty turned to bankruptcy when it seemed that they just weren’t going to make it through this obstacle. But bankruptcy is a big decision, with lasting consequences – consequences that can’t be taken back.

article thumbnail

The Complete Guide to Understanding Cash Flow

Up and Running

As the name suggests, cash flow is simply the money that flows in and out of your business. How often should I forecast my cash flow? Forecasting cash flow is important because it will allow a business to identify future problems with cash. In this scenario, consider forecasting your cash flow on a daily basis.

Forecast 135
Insiders

Sign Up for our Newsletter

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

article thumbnail

Durant Versus Sloan – Part 1

Steve Blank

Sloan put in place GM’s management accounting system (borrowed from DuPont) that for the first time allowed the company to: 1) produce an annual operating forecast that compared each division’s forecast (revenue, costs, capital requirements and return on investment) with the company’s financial goals. What happened to him?

article thumbnail

How to Pitch, Plan, and Track Your Business with LivePlan [VIDEO]

Up and Running

I am here to talk about LivePlan and give you some big picture information on business planning, forecasting, how to really kick your business off in the best possible way. Budgeting and forecasting, it’s not rocket science. You can’t forecast. I don’t know how to forecast. Good morning.

article thumbnail

Business Startup Tools: A Curated List of Our Favorite Tools and Resources to Build Your Company

Up and Running

Choosing a name. NameCheckr : What’s great about NameCheckr is that in addition to automatically looking up available domain names associated with your chosen business name, it checks a ton of relevant social platforms, from Facebook to Youtube to see if the name is available there. Didn’t find a satisfactory name?

article thumbnail

No Business Plan Survives First Contact With A Customer – The 5.2 billion dollar mistake.

Steve Blank

But nine months after the first call was made in 1998, Iridium was in Chapter 11 bankruptcy. When Iridium was first conceived inside Motorola in 1987, worldwide cell phone coverage was sparse, calls were unreliable and per minute costs were expensive. Cell phone handsets were the size of a lunch box and cost thousand of dollars.