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Extremely Valuable Tips for Creating a Financial Forecast During the Early Stages of an Entrepreneurial Journey

Up and Running

Creating financial forecasts and budgets are not typically how many entrepreneurs envision spending their time, but these tools are incredibly necessary. An accurate and thoughtful forecast can be time-consuming, but it will help you to make informed decisions regarding staffing and growth, and it will help you attract investors.

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How to Survive Four Common Worst Case Scenarios

Startup Professionals Musings

There are unknowns at every turn, leading product development, attracting customers, managing cash, and dealing with human resources and office politics. Stretch” goals in early-stage are not advised. Setting the wrong or no expectations is another of the most consistent problems I see with every startup.

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Four Common Startup Issues Which Threaten Survival

Startup Professionals Musings

There are unknowns at every turn, leading product development, attracting customers, managing cash, and dealing with human resources and office politics. Stretch” goals in early-stage are not advised. Setting the wrong or no expectations is another of the most consistent problems I see with every startups.

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Startup Sales – Why Hiring Seasoned Reps May Not Work

Both Sides of the Table

One of the biggest mistakes I see early-stage startups making is hiring “seasoned&# sales professionals or hiring people too senior, too early. The problem is that in an early stage business there probably isn’t a perfect fit between your early product and a customer’s needs.

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Worst Case Survival Guide for Startups

Startup Professionals Musings

There are unknowns at every turn, leading product development, attracting customers, managing cash, and dealing with human resources and office politics. Stretch” goals in early-stage are not advised. Setting the wrong or no expectations is another of the most consistent problems I see with every startups.

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How to Write a Convincing Business Plan for Investors

Up and Running

Beyond understanding your business strategy, investors will also want to understand your financial forecasts. Investors, particularly those investing in early-stage startups, want to understand your vision. If you have “traction” in the form of early sales and customers, that’s even better. Financial forecasts.

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How much of my business do I have to give to an investor?

Berkonomics

Careful about “hockey stick” forecasts. Later stage investors sometimes look for less, since the business has already proven its capability to stay in the game and has already completed its product development cycle, eliminating more risk for the investor. How much money can you get? .