Startup Professionals Musings
OCTOBER 16, 2023
Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan. How else will you be able to convince yourself and your team that your business is viable? Forecast sales-volume expectations.
YoungUpstarts
SEPTEMBER 4, 2016
Too often, businesses view their supply chain as a necessary evil as opposed to a valuable resource. This integral element of most businesses is woven through every aspect of operations. Too many startups mistakenly believe that their “widget” comes from one source.
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Up and Running
AUGUST 1, 2014
You think about what it’ll cost to manufacture your widgets, how many widgets you can sell, and how much you can sell them for. All our training results in the equation business = sales – costs and expenses = profit. It’s ingrained into every one of us from the time we first think about writing a business plan.
Startup Professionals Musings
FEBRUARY 5, 2021
Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan. How else will you be able to convince yourself and your team that your business is viable? Forecast sales-volume expectations.
Startup Lessons Learned
OCTOBER 23, 2013
As operators of an accelerator—and founders in our own right—Ben and I had constantly struggled with what the “right” numbers are for a business. And the dominant tool we use to measure back-office operations is technology, from inventory to supply chain management to procurement to human resources.
Startup Professionals Musings
JANUARY 4, 2015
Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan. How else will you be able to convince yourself and your team that your business is viable? Forecast sales-volume expectations.
Growthink Blog
MAY 14, 2013
Business systems, business systems, business systems.why is everyone always going on and on about systems in your business? If you don''t have a business system, and your entire operation relies on you personally performing certain actions, then you really don''t have a business.
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